REDTAPE (REDTAPE) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 revenue declined 3.5% YoY as Big Billion Days sales shifted into Q3; gross margin and profitability improved.

• H1 FY27 revenue was ₹95,612 lakh, nearly flat YoY; EBITDA rose 12.4% and net profit increased to ₹7,941 lakh from ₹6,614 lakh.

• Five brands span footwear, apparel and accessories, supported by a shared sourcing and distribution platform; the network had 756 stores across 369 cities.

Financial highlights

• Consolidated Q2 revenue from operations was ₹47,484 lakh versus ₹49,240 lakh; H1 revenue was ₹95,612 lakh versus ₹95,671 lakh.

• Q2 gross profit rose 15.7% to ₹216 Cr; EBITDA increased 8.2% to ₹89 Cr, and PAT grew 27.3% to ₹36 Cr.

• Consolidated net profit was ₹3,493 lakh in Q2 versus ₹2,754 lakh; H1 net profit was ₹7,941 lakh versus ₹6,614 lakh.

• Consolidated Q2 total income was ₹48,899 lakh and profit before tax ₹4,727 lakh; H1 total income was ₹98,541 lakh and profit before tax ₹10,767 lakh.

Outlook and guidance

• H2 is seasonally stronger, with festive and winter demand ahead; Q3 includes Big Billion Days sales shifted from Q2.

• Priorities include brand strength, broader consumer reach, operating efficiency, profitable e-commerce expansion and disciplined pricing and margins.

• Management cited positive October shopping trends and near-term demand volatility, prioritizing profitability over fixed growth targets.