REDTAPE (REDTAPE) Q4 22/23 earnings summary

Executive summary

• FY2022-23 revenue from operations was ₹1,46,831 lakh and consolidated PAT was ₹14,215 lakh; prior-year comparisons are affected by the demerger and restatement.

• Operations span footwear, apparel and accessories, with two reported business segments and a 17-country presence; domestic reach included 387 exclusive stores and 228 SIS stores.

Financial highlights

• Consolidated revenue from operations ₹1,46,831 lakh vs ₹30,322 lakh; PAT ₹14,215 lakh vs ₹2,904 lakh; basic and diluted EPS ₹10.29 vs ₹2.10.

• Standalone reported KPIs: revenue ₹1,465 crore, EBITDA ₹243 crore, EBITDA margin 16.58%, and PAT ₹136.07 crore; stated YoY KPI gains were 393%, 478%, and 435%, respectively.

• Consolidated operating cash flow was ₹12,419 lakh; investing cash outflow ₹14,701 lakh; cash and equivalents ended at ₹2,618 lakh.

Segment performance

• Consolidated Shoe Division revenue ₹77,113 lakh and segment profit before interest and tax ₹10,450 lakh.

• Garments and Accessories revenue ₹68,769 lakh and segment profit before interest and tax ₹9,319 lakh; unallocated revenue ₹1,601 lakh.

• India revenue was ₹1,46,142 lakh; international revenue ₹1,341 lakh.