Redtape Limited · NSE:REDTAPE
Redtape — Q2 FY2025-26 Earnings Presentation
43 slides from Redtape's earnings presentation, Nov 16, 2025
Slide 1: Regulation 30 disclosure letter to exchanges
sl v REDTAPE LIMITED REDTARE | MODE & | OZARK - TR Buddha Nagar, Uttar Pradesh - 201305 India Tel: +91 120 6994444 | +91 120 6994400 CIN : L74101UP2021PLC156659 Web : www.redtape.com E-mail : info@redtapeindia.com November 16, 2025 BSE Limited National Stock Exchange of India | 1st Floor, New Tradin
Slide 2: Welcomes You - Q2 FY2025-26
WELCOMES YOU Q2 - FY2025-26 | 30" SEP 2025
Slide 3: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation was prepared by REDTAPE LIMITED with its registered office in Noida, Uttar Pradesh, India under its brand name REDTAPE'. Its purpose is to present selected data concerning the brand, RedTape. The presentation is for information purposes only and does not const
Slide 4: RedTape's Strengths: The Blueprint for Scaling
RedTape’s Strengths The Blueprint for Scaling == REDTAPE
Slide 5: Our Journey
AWARDED N\ OUR JOURNEY 450 Exclusive Showrooms. March 31st: Achieved Tumover of 2 1450 cr+ Men's Athisisure Launched 2016 2016 Best Men's Lfestyle Footwear Brand - By Myntra BEST MEN'S LIFESTYLE Brand's First Exclusive store FOOTWEAR BRAND Ouside India - Nepal Redtape First Oniine Format Award For T
Slide 6: Metrics of Success
Metrics of Success Company Facts Performance in H1 FY26 5 95,450 Exclusive Mega Showroom (Online) N X X Revenue from operations Exclusive Showroom (Offline) ( in Lakh) Sports outlet Factory shop Shop in shop 1 61939 Store formats EBITDA (% in Lakh) Exclusive Mega Showroom (Online) 303 34,587 Exclusi
Slide 7: Core Growth
Core Growth Penetration through a strategic mix of Exclusive Brand Outlets (EBOs), Large Format Stores (LFS), Multi-Brand Outlets (MBOS), Optimizing talent acquisition and retention by fostering and a strong digital e-commerce presence. This ensures maximum 1 accessibility to our diverse customer ba
Slide 8: Where Fashion Comes Full Circle
Where Fashion Comes Full Circle Sep’25/ H1 FY26 Exclusive Mega Exclusive Showroom Showroom (online) (offline) Factory Shop Shop in Shops Outlet Shop in Shop (SIS) Total flfl No. of. Stores 303 186 06 09 119 623 @y Cities 171 134 03 08 58 624 fi Size (sq.ft) 1322402 256566 3981 23381 - 1606330 Note: Num
Slide 9: Where Fashion Comes Full Circle: PAN India Presence
Where Fashion Comes Full Circle PAN India Presence with 513 Stores | 20 States and 03 UTs (As of Sep’25) Zone wise! b Tier Wise METRO CITY Location Wise' - MALL TIER | o HIGH STREET f Primarily follows “Company Owned and Company Operated”(COCO)model of Retailing == REOTAPE
Slide 10: Brief Overview: Sustainability Initiatives & Others
Brief Overview RedTape’s Strengths The Blueprint for Scaling Sustainability Initiatives & Others
Slide 11: Performance Highlights - FY 2025-26 (Quarter)
Performance Highlights - FY 2025-26 For Quarter Standalone ® in Lakh) | ares | ehm | oo Revenue 41,914 50,104 19.54% *Maintained a capital-light business model by collaborating with EBITDA 6,789 8,261 21.68% vendor partners, enabling rapid turnaround from design to market, efficient sourcing, and co
Slide 12: Performance Highlights - FY 2025-26 (Half Year)
Performance Highlights - FY 2025-26 For Half Year Standalone ® in Lakh) - H1 Fy25 H1 Fy26 Growth% Revenue 86,210 97,315 12.88% » Consolidated revenue from operations stood at 97,541 lakh, marking a 12.97% increase over the previous year. Standalone EBITDA 13,837 16,939 22.42% revenue reached 97,315
Slide 13: Quarterly Business Deck (Standalone)
Quarterly Business Deck (Standalone) Revenue from Operations Gross Profit and Gross Margins Q1FY25 44,061 Q1FY25 20,513 Q2FY25 41,578 Q2FY25 19,825 Q3FY25 66,566 Q3FY25 31,399 Q4FY25 50,374 Q4FY25 26,615 Q1FY26 46,306 Q1FY26 22,486 Q2FY26 49,144 Q2FY26 19,891 Rev from Ops (X in Lakh) Gross Profit %
Slide 14: Quarterly Business Deck (Consolidated)
Quarterly Business Deck (Consolidated) Revenue from Operations Gross Profit and Gross Margins Q1FY25 44,189 Q1FY25 20,623 Q2FY25 41,580 Q2FY25 19,830 Q3FY25 66,457 Q3FY25 31,342 Q4FY25 50,524 Q4FY25 25,436 Q1FY26 46,431 Q1FY26 22,532 Q2FY26 49,240 Q2FY26 19,944 Rev from Ops (X in Lakh) Gross Profit
Slide 15: Expansion of New Business Formats and Brand Ecosystem
Expansion of New Business Formats and Brand Ecosystem 0 RedTape Ozark, launched in FY24, is now set for strategic expansion across markets. Positioned as the rugged outdoor and terrain-focused face of RedTape, Ozark is built for trail running, hiking, and adventure — driving growth within the perfor
Slide 16: Expanding Global Footprint: 1994-2026
Expanding Global Footprint : 1994-2026 WWW.REDTAPE.COM Since our inception in 1994, RedTape has grown from a single-store presence to a global network of stores by 2025. Our footprint now spans across the UK, UAE, Bangladesh, Bhutan, Maldives, Singapore, Australia, South Africa, Seychelles, DUBAI -
Slide 17: Profit and Loss (Standalone)
Profit and Loss (Standalone) (X in Lakh) Particulars 30 Sept‘:r:;er 2024 30 Sep::?ni;er 2025 [Revenue from Operations 85,639 95,450 | Other Income 571 1,865 Total Income 86,210 97,315 \ | [Expenses: | Cost of material consumed 2,679 2,818 Purchase of Stock-in-Trade 52,436 48,814 [Changes in inventor
Slide 18: Profit and Loss (Consolidated)
Profit and Loss (Consolidated) (X in Lakh) Particulars 30 Sept‘:r:;er 2024 30 Sep::?ni;er 2025 [Revenue from Operations 85,769 95,671 Other Income 571 1,870 Total Income 86,340 97,541 \ [Expenses: Cost of material consumed 2,679 2,818 Purchase of Stock-in-Trade 52,623 48,898 [Changes in inventories
Slide 19: Balance Sheet (Standalone)
Balance Sheet (Standalone) (X in Lakh) As at As at Particulars 30 September 2024 30 September 2025 ‘ NON-CURRENT ASSETS [ Property, plant and equipment 36,652 44,200 | ‘ Capital work-in-progress 592 860 ‘ Other Intangible assets 978 911 Intangible assets under development 22 8 [Right of use assets 3
Slide 20: Balance Sheet (Standalone)
Balance Sheet (Standalone) (X in Lakh) As at As at Particulars 30 September 2024 30 September 2025 ‘ EQUITY AND LIABILITIES | [Equity | ‘ Equity share capital 2,764 11,056 ‘ ‘ Other equity 66,124 74,742 ‘ [Total Equity 68,888 85,798 | [ Non - current LIABILITIES | [ Financial liabilties: | ‘ Borrowi
Slide 21: Balance Sheet (Consolidated)
Balance Sheet (Consolidated) (X in Lakh) Particulars 30 Sepfiesr:t:er 2024 30 Sep:\esmal:er 2025 [ NON-CURRENT ASSETS | ‘ Property, plant and equipment 36,660 44,286 ‘ ‘ Capital work-in-progress 592 860 ‘ Other Intangible assets 979 911 Intangible assets under development 22 8 ‘ Right of use assets 3
Slide 22: Balance Sheet (Consolidated)
Balance Sheet (Consolidated) (X in Lakh) Particulars 30 Sept‘:rj;er 2024 30 Sept‘:ni‘er 2025 [ EQUITY AND LIABILITIES | [Equity | ‘ Equity share capital 2,764 11,056 ‘ ‘ Other equity 67,574 74,675 ‘ ‘ Total Equity 70,338 85,731 ‘ ‘ Non - current LIABILITIES ‘ [ Financial liabilties: | ‘ Borrowings 3
Slide 23: Net Core Working Capital Days (Standalone)
Balance Sheet (Standalone) Net core working capital days ® in Lakh) As at As at Net Core Working Capital days 30 September 2024 30 September 2025 [ Closing Inventory 85,290 1,17,265 | [Closing Trade receivables 13,714 19,906 | [ Closing Trade payables (30,968) (29,055) | [ Net Core Working Capital 6
Slide 24: Net Core Working Capital Days (Consolidated)
Balance Sheet (Consolidated) Net core working capital days (X in Lakh) As at As at Net Core Working Capital days 30 September 2024 30 September 2025 [ Closing Inventory 85,843 1,17,549 | [Closing Trade receivables 13,767 19,869 | [ Closing Trade payables (30,969) (29,081) | [ Net Core Working Capita
Slide 25: Cash Flow Statement (Standalone)
Cash Flow Statement (Standalone) Particul 30 Soptomber 2024 50 Soptarber 2025 [CASH FLOW FROM OPERATING ACTIVITIES | [Net Profit before tax 7,696 9,161 ] [Adjustment for | [Add : | Net loss on investment e = (Profit)/Loss on sale of Property, Plant & Equipment (16) 18 Depreciation & Amortisation Exp
Slide 26: Cash Flow Statement (Consolidated)
Cash Flow Statement (Consolidated) Particula 30 Septembor 2026 35 Soptamuor 3025 [CASH FLOW FROM OPERATING ACTIVITIES ] [Net Profit before tax 7,648 9,048 | [Adjustment for | Add : Net loss on investment (Profit)/Loss on sale of Property, Plant & Equipment (16) 18 Depreciation & Amortisation Expense
Slide 27: Q2 & H1 FY25 Business Highlights
Brief Overview Q2 & H1 FY25 Business Highlights The Blueprint for Scaling Sustainability Initiatives & Others
Slide 28: Strategic Strengths & Competitive Advantages
Strategic Strengths & Competitive Advantages 1T7T 1 Comprehensive A leading nationwide Successfully Agile, asset-light portfolio spanning fashion and lifestyle transitioning categories, age business structure from a legacy offline brand with strong groups, and occasions model to a seamless, deliveri
Slide 29: Pan-India Leadership with Expanding Regional Footprint
Pan-India Leadership with Expanding Regional Footprint RETAIL sis TOTAL FY22 299 245 544 e FY23 341 183 % 524 == 2 FY24 378 167 I 545 \ 5 13 St ores e FY22 21 01 22 7| FY23 15 o1 16 'v FY24 1 - 1 , FY25 1" - " FY22 15 04 19 FY23 15 02 o 17 > 9 FY24 15 - 15 FY25 26 - 26 FY22 299 - 1 FY23 341 - 1 FY24
Slide 30: Pan-India Leadership in Tier II and Tier III Cities
Pan-India Leadership in Tier Il and Tier Il Cities == REOTAPE
Slide 31: Strengthening Our Retail Legacy While Expanding Digital Reach
Strengthening Our Retail Legacy While Expanding Digital Reach RedTape continues to anchor its growth in a powerful offline retail network, expanding its footprint across Tier 2 and Tier 3 cities to stay closer to consumers. At the same time, the brand is enhancing its presence across major e-commerc
Slide 32: Slide 32
Slide 33: Driving Scalable Growth through an Agile and Efficient Operating Model
Driving Scalable Growth through an Agile and Efficient Operating Model Operational Efficiency at Scale Smart Store Expansion Strong economies of scale and streamlined supply Data-backed retail strategy chain systems drive higher margins and focused on high-demand urban faster market responsiveness.
Slide 34: Efficient Operating Model through Strong Vendor Partnerships and Tech-Enabled Supply Chain
Efficient Operating Model through Strong Vendor Partnerships and Tech-Enabled Supply Chain RedTape’s supply chain thrives on 250+ vendor Qggi %I:Zggtsoquyeglgggé Z?;Lérlsqgc?glfigreos\?e%nse to partnerships, including select partners with margins, and enhanced sell-through efficiency 15+ years of tru
Slide 35: Board of Directors
Board of Directors Ty S 1 L Mr. Rashid Ahmed Mirza Mr. Shuja Mirza Mr. Arvind Verma Ms. Sunanda Mr.Vivek Agnihotri Chairman Managing Director Whole Time Director Whole Time Director Chief Financial Officer A / i f ' it 41 \ M:r. Subhash Sapra M:r. Sanjay Bhalla Dr. Yashvir Singh Dr. Rajshree Saxena
Slide 36: Growth, Profitability and Financial Track Record
Growth, Profitability and Financial Track Record Revenue from Operations Gross Profit and Gross Margins EBITDA and EBITDA Margins 10.19% 48.59% 47.66% 17.27% 18.46% Fy24-25 % Fy24-28 183,187 201,846 89624 98351 31849 98101 FY24 FY25 FY24 FY25 FY24 FY25 . . . EBITDA Margin (%) Rev from Ops (¥ in Lakh
Slide 37: Sustainability Initiatives & Others
RedTape’s Strengths Sustainability Initiatives & Others
Slide 38: Brand Positioning Strategies
Brand Positioning Strategies 2 3 4 Expanding Retail Strengthening Driving Innovation Unlocking Building a Strong Strategic Growth Footprint Lifestyle Portfolio Social Media and Design Excellence Opportunities Presence RedTape continues to RedTape is evolving into a RedTape is amplifying its Innovati
Slide 39: The Blueprint for Scaling RedTape's Strengths
S -] 0) .0 0 3 [ >o _ s Q2 & H1 = 1= N o > Yo} o ‘@ I = o 2 c [ 43 n > RedTape’s Strengths The Blueprint for Scaling
Slide 40: Sustainability Initiatives & Others
Sustainability Initiatives & Others National Flag at the Unnao Manufacturing Unit } Protecting the Heritage Monuments of the Nation ] == REOTAPE
Slide 41: Sustainability Initiatives & Others
Sustainability Initiatives & Others { Nationwide Tree Plantation Initiatives & Generating clean electricity At Unnao Facility } { Unnao’s Sewage Treatment Plant == REOTAPE
Slide 42: Sustainability Initiatives & Others
Sustainability Initiatives & Others Caring Beyond Work J { NAPS - Workforce of Tomorrow o == REOTAPE
Slide 43: REOTAPE
== REOTAPE