REDTAPE (REDTAPE) Q4 25/26 earnings summary

Executive summary

• Achieved FY26 revenue of ₹2,415 Cr, up 19.6% year-over-year, with EBITDA margin rising 151 bps to 19.0% and PAT margin up 113 bps to 9.6%.

• Audited standalone and consolidated financial results for the year ended March 31, 2026, were approved, showing strong revenue and profit growth year-over-year.

• Board recommended a final dividend of Rs. 2 per equity share for FY 2025-26, subject to AGM approval.

• Asset-light, omni-channel model enabled profitable growth and agility in expansion.

• Demerger from Mirza International completed in August 2023, now operating as an independent listed entity.

Financial highlights

• FY26 gross margin at 43.1%, down 251 bps YoY due to accounting changes in e-commerce.

• Consolidated revenue from operations for FY 2025-26 was Rs. 241,451 lakh, up from Rs. 201,846 lakh year-over-year.

• EBITDA for FY26 at ₹483 Cr, up from ₹381 Cr in FY25; PAT at ₹244 Cr, up from ₹184 Cr.

• Basic EPS (consolidated) for FY 2025-26 was Rs. 4.42, compared to Rs. 3.34 in the prior year.

• Paid-up equity share capital increased to Rs. 11,056 lakh after a 3:1 bonus issue in February 2025.

Outlook and guidance

• Targeting continued strong revenue growth in FY27, with 200-250 new stores annually and deeper Tier-2/3 city penetration.

• Focus on category diversification, e-commerce, quick commerce, and premiumisation.

• Plans to expand Ozark brand and launch new product categories including backpacks, luggage, fragrances, and cosmetics.

• Board remains confident in operational excellence and long-term strategic growth, supported by experienced management.