Redtape Limited (REDTAPE) — Announcement

📢 Key Event
Redtape reports FY26 revenue growth of 19.6% to ₹2,415 crores and PAT increase of 32.4% to ₹244 crores.

🔄 What Changed
EBITDA margin expanded to 19% from 17.5%, PAT grew 32.4% to ₹244 crores, inventory days reduced to 170 from 250, and short-term debt decreased by ₹200 crores.

🔮 What's Next
Target inventory days of 150 days; sustainable EBITDA margin range of 16-19%; no specific revenue targets provided.

💡 Investor Takeaway
Shareholders benefit from margin expansion, strong cash flow, and disciplined inventory management supporting sustainable profitability and dividend payouts.

Redtape Limited reported FY26 revenue of ₹2,415 crores, up 19.6%, with EBITDA margin expanding to 19% and PAT rising 32.4% to [amount context mismatch] crores, driven by footwear (63% of sales) and strong same-store growth of 17.8% in Q4. Management highlighted structural margin gains, brand expansion, and resilience in Tier 2/3 markets, supported by GST benefits for affordable footwear. Inventory reduction efforts continue, with operating cash flow at ₹175 crores and short-term debt down ₹200 crores. The company reaffirmed its growth trajectory and recommended a dividend of [amount context mismatch] per share.

📄 View Original Announcement (PDF)

📊 Stock Analysis — REDTAPE ✨ Ask AI About This