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REDTAPE Limited Reports Strong Q3FY26 Financial Performance with 42.74% Profit Growth 2 hrs ago Today

REDTAPE Limited reported strong Q3FY26 results with standalone revenue of ₹785.85 crore (up 18.70% YoY) and net profit of ₹105.72 crore (up 42.74% YoY). Nine-month revenue reached ₹1,740.35 crore with net profit of ₹172.99 crore, up 32.80% YoY. The company faces ongoing Income Tax search proceedings from September 2025, though management expects no material adverse impact. Results reflect strong operational performance and market demand for the footwear and apparel retailer.

Redtape Shares Fall 7% After Promoters Clarify on Stake Monetisation Reports Jan 14, 2026

Redtape Limited Clarifies No Disclosable Event Occurred Regarding Founders' Stake Sale Reports Jan 14, 2026

RedTape Clarifies No Stake Sale Announcement Has Been Made By Founders Jan 13, 2026

RedTape Founders Explore Stake Sale Worth Up to $509 Million with Blackstone, KKR Jan 13, 2026

More news about Redtape

13Jan 26

RedTape Shares Surge 12% as Founders Explore Stake Sale with Blackstone, KKR

RedTape shares surged over 12% following Reuters reports that founders are exploring stake sale with Blackstone and KKR. The 1996-established footwear company competes with Nike, Adidas, Bata India, and Campus Activewear in India's growing footwear market, which 1Lattice projects will expand 11% annually to reach $21.00 billion by 2028.

13Jan 26

Redtape Co-Founders Approach Blackstone and KKR for Potential Stake Sale

Redtape co-founders have reached out to private equity giants Blackstone and KKR to invite interest in their stake, according to Reuters. This strategic outreach to major institutional investors suggests the promoters are exploring divestment opportunities and considering alternatives for their ownership in the Indian footwear company.

13Jan 26

Redtape Founding Family Appoints Ernst & Young as Financial Adviser for Stake Divestment

Redtape's founding family has appointed Ernst & Young as financial adviser for potential stake divestment, indicating plans to explore strategic options for reducing their shareholding. The engagement of the prominent advisory firm suggests a structured approach to the potential transaction process.

13Jan 26

Redtape Founders Explore Major Stake Sale Worth Up To $509 Million

Redtape's founders are seeking buyers for a major stake sale valued at up to $509 million, according to Reuters. This represents a significant corporate restructuring initiative that could bring new investors into the company and alter its current ownership structure.

15Dec 25

REDTAPE Promoter Completes 22.52% Stake Acquisition via Gift Transfer

REDTAPE Limited promoter Rashid Ahmed Mirza completed acquisition of 12,44,89,980 equity shares representing 22.52% voting rights from his wife Yasmin Mirza through gift transfer on December 22, 2025. The off-market transaction increased his individual holding from 13.29% to 35.81% while maintaining total promoter group stake at 71.79% of company's paid-up capital.

15Nov 25

Redtape Reports 9.85% PAT Growth in Q2, Extends Share Transfer Window

Redtape announced Q2 financial results with a consolidated profit after tax of INR 27.00 crores, up 9.85% year-over-year. Total standalone income reached INR 501.00 crores. The company expanded its retail network to 513 exclusive stores across 328 cities. Redtape aims for 20% year-on-year growth and is diversifying into premium segments with a new brand, Ozark. The company also extended the special window for re-lodgement of physical share transfer requests until January 6.

14Nov 25

RedTape Posts Strong Q2 Results: Revenue Up 18%, Profit Rises 10%

Redtape, an Indian footwear and accessories company, announced strong Q2 financial results. Revenue grew by 18% to ₹492.00 crore, while net profit increased by 10% to ₹27.50 crore. The EBITDA margin slightly decreased to 14.80% from 15.50%. The company's shares traded 1.50% higher following the announcement. Redtape's balance sheet shows total assets of ₹228,870.00 lakh and total equity of ₹85,798.00 lakh as of September 30, 2025. The company demonstrated effective cash flow management with positive operating cash flow and continued investment in long-term assets.

15Sept 25

Red Tape Shares Under Scrutiny Amid Ongoing Income Tax Investigation

The Income Tax Department's investigation into Redtape, a major footwear and accessories brand, has entered its third day. The probe targets six locations in Noida and Greater Noida, including Redtape's head office and Mirza International's corporate office. Officials have seized documents, digital data, and CCTV footage. Preliminary findings suggest evidence of undisclosed income worth several crores. Specialized teams are conducting a forensic audit of the collected materials. Redtape shares closed flat at Rs 138.40 on the BSE amid the ongoing investigation.

28Aug 25

Redtape Limited Expands Business Scope, Updates Key Management Personnel

Redtape Limited's Board of Directors has approved amendments to its Memorandum of Association, allowing the company to expand into e-commerce, manufacturing, trading, and distribution of various products including electronics, beauty items, and wellness products. The company also updated its list of Key Managerial Personnel authorized for determining materiality of events for stock exchange disclosures. These changes are subject to shareholder approval at the upcoming Annual General Meeting.

14Aug 25

REDTAPE Limited Announces Q1 Results and CFO Leadership Changes

Redtape Limited announced robust Q1 financial results with consolidated revenue of Rs 365.31 crore and profit of Rs 37.62 crore. The company also made key management changes, appointing Vivek Agnihotri as the new CFO, replacing Abhinav Jain who has been re-designated as VP - Finance.

13Aug 25

Redtape Limited Corrects Consolidated Financial Results, Net Profit Decreases by Rs. 24 Lakhs

Redtape Limited has submitted a modification to its consolidated financial results, citing clerical and typographical errors. The correction resulted in a net decrease of Rs. 24.00 lakhs in the reported net profit after tax. The company's standalone financial statements remain unaffected. Redtape has resubmitted the modified XBRL file to both BSE Limited and the National Stock Exchange of India Limited. The statutory auditors have maintained their unmodified opinion on the financial statements.

27May 25

REDTAPE Reports Improved Q4 EBITDA and Mixed Financial Results

REDTAPE's Q4 financial results show a mixed performance. The company's consolidated EBITDA increased by 8.84% year-over-year to ₹813.00 million, with EBITDA margin improving to 16.09%. Net profit grew marginally by 1.22% to ₹415.00 million. However, revenue slightly decreased by 0.98% to ₹5.05 billion compared to the same quarter last year. Quarter-over-quarter, net profit declined by 43.23% from ₹731.00 million in Q3.

01May 25

REDTAPE Expands E-commerce Capabilities with New Ludhiana Warehouse

REDTAPE has launched a new online warehouse and operations facility in Ludhiana, Punjab, to enhance its e-commerce infrastructure. This strategic move aims to improve order fulfillment, increase capacity for online orders, and enhance inventory management. The location in Ludhiana, a major industrial hub, offers advantages such as proximity to suppliers and access to skilled workforce. This development signifies REDTAPE's commitment to strengthening its online presence and competing effectively in the growing Indian e-commerce market.