REDTAPE (REDTAPE) Q3 25/26 earnings summary

Executive summary

• Achieved strong revenue and profit growth in Q3 and 9MFY26, driven by robust retail and e-commerce performance.

• Expanded store network to 662 outlets across 20 states and 4 union territories, deepening presence in both metro and emerging markets.

• Unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025, were approved and reviewed by the Audit Committee and Board on February 12, 2026.

• Statutory auditors issued an unmodified opinion on both standalone and consolidated results.

• Continued diversification into lifestyle and performance categories, with new brands and product lines enhancing market relevance.

Financial highlights

• Q3FY26 consolidated revenue rose 18.57% year-over-year to ₹79,393 lakh; EBITDA up 33.05% to ₹17,796 lakh; PAT up 43.05% to ₹10,453 lakh.

• 9MFY26 consolidated revenue increased 15.42% year-over-year to ₹176,934 lakh; EBITDA up 27.34% to ₹34,647 lakh; PAT up 32.52% to ₹17,067 lakh.

• Standalone revenue from operations for Q3 FY26 was ₹78,585 lakh, up from ₹66,214 lakh in Q3 FY25; nine-month revenue was ₹1,51,473 lakh.

• Standalone net profit for Q3 FY26 was ₹10,572 lakh, compared to ₹7,407 lakh in Q3 FY25; nine-month net profit was ₹17,299 lakh.

• Declared a total dividend payout of 112.5% for FY2024-25.

Outlook and guidance

• Plans to scale Ozark and other homegrown brands, deepen presence in key cities, and drive growth in both premium lifestyle and performance segments.

• Focus on category diversification, new market entries, and global expansion for long-term value creation.

• Management assessed the impact of new labour codes effective November 21, 2025, and found no material effect on financials for the reported period.

• Future impact of labour codes will be evaluated once all rules are notified.