India’s trusted leading Fashion & Lifestyle brand with over 435+ opulent stores across PAN India. RedTape is known for emerging as one of the Finest Brands of Footwear and Clothing for Men, Women and Kids. It has emerged as a complete Family Fashion Destination by providing the Best International Styles and World-Class Quality through Shoes, Apparels and Accessories for all age groups.
It was demerged from Mirza International in 2023. Presenting below are its Q1 FY26 earnings results.
Q1 FY26 Earnings Results
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Revenue: ₹464 crore, an increase of 4.98% year-over-year (YoY) from approx. ₹442 crore in Q1 FY25, reflecting stable top-line performance.
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Net Profit: ₹39 crore, down from ₹41 crore in the previous quarter (Q4 FY25) and higher than ₹31 crore in Q1 FY25, indicating a mixed performance with profit moderation QoQ but growth YoY.
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EBITDA (P/L before other income, interest, tax etc.): ₹77 crore, lower than ₹81 crore in Q4 FY25 but improved compared to earlier quarters.
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Expenses: Expenses stood at ₹424 crore, depicting a rise 5.4% over the same period last year due to an increase in material cost.
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Interest: ₹16.20 crore, slightly increased versus previous quarters.
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EPS: Basic and diluted EPS of ₹0.70 for Q1 FY26.
Management Commentary & Strategic Highlights
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Management highlighted steady revenue with controlled raw material costs and operational discipline amid a challenging industry environment.
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The slight increase in revenue underscores consistent demand, supported by brand strength and distribution reach.
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Efforts continue on cost management, inventory optimization (noting fluctuations in stock levels), and improving working capital efficiency.
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The company remains focused on expanding product portfolio and strengthening channel presence to sustain growth momentum.
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Emphasis on innovation, brand-building, and new launches are expected to drive future performance.
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Management remains cautiously optimistic about maintaining profitability despite pressure on margins.
Q4 FY25 Earnings Results
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Revenue: ₹505 crore, higher than Q1 FY26, reflecting some seasonal impact.
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Net Profit: ₹41 crore, higher than Q1 FY26, showing better quarter performance.
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EBITDA: ₹81 crore, indicative of higher operational profitability in Q4.
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Profit margins and operational efficiencies were stronger in Q4 FY25 compared to Q1 FY26, affected by typical quarterly variations.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.