Redtape Limited · NSE:REDTAPE
Redtape — Q1 FY27 Earnings Presentation
26 slides from Redtape's earnings presentation, Aug 10, 2026
Slide 1: Regulation 30 disclosure letter - Investors Presentation
a REDTAPE LIMITED REDTAPE Registered Office Plot No. 08, Sector 90, Noida, Gautam Buddha Nagar, Uttar Pradesh - 201305 India Tel : +9 I 120 6994444 I +91 120 6994400 CIN: L7410IUP2021PLCl56659 Web : www.redtape.com E-mail : info@redtapeindia.com August I 0, 2026 BSE Limited National Stock Exchange o
Slide 2: Investor Presentation August 2026
INVESTOR PRESENTATION AUGUST 2026 NSE: REDTAPE | BSE: 543957
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: About RedTape
ABOUT REDTAPE RedTape was conceptualised in London in 1994, rooted in a leather heritage that traces back to Mirza Tanners, founded in 1979. The brand was launched in India in 1996 and in over three decades, it made a deliberate pivot: away from leather footwear and toward a branded, non-leather lif
Slide 5: RedTape Building Blocks of the Business
REDTAPE BUILDING BLOCKS OF THE BUSINESS Three categories, five brands, multi-channel — one shared sourcing and distribution platform. CATEGORIES – Q1 FY27 BRANDS 56% Footwear Casuals, formals, semi-formals, sports, RedTape Mode Bond Street Ozark Sprandi outdoor. Core mainstream Premium men's Heritag
Slide 6: The Brand Portfolio
THE BRAND PORTFOLIO Each brand has a defined role in the portfolio; all sit on a single operating platform. RedTape Mode Bond Street Core mainstream lifestyle Premium men's & women’s apparel Casual Price band Mid-premium Price band Mid-premium Price band Mid-premium Category Footwear + Apparel Categ
Slide 7: Key Milestones
KEY MILESTONES • Awarded Top FlipStar – By Flipkart • Awarded Top New Brand first launched Best Partner Casual Brand’s first exclusive Amazon Seller - By 480+ stores with revenue 1st store in Pitampura, Amazon in London Footwear - recognised by store in Dubai, Ibn of INR 2,000+ Cr Delhi, India Myntr
Slide 8: Board of Directors and KMPs
BOARD OF DIRECTORS AND KMPs 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 Mr. Subhash Sapra Mr. Sanjay Bhalla Dr. Yashvir Singh Dr. Rajshree Saxena Akhilendra B Singh
Slide 9: Who the Consumer Is
WHO THE CONSUMER IS Mid-priced lifestyle for the Indian aspirational consumer — across men, women and kids, weighted toward Tier-1 and Tier-2 with active Tier-3 expansion. DEMOGRAPHIC GEOGRAPHY PRICE BAND Men Tier-1 Footwear entry Primary segment — anchor of Metros and large cities — ₹500–₹1,500: fl
Slide 10: Reaching the Consumer - Multi-Channel, One Brand
REACHING THE CONSUMER — MULTI-CHANNEL, ONE BRAND Channel Count / Mix Role Exclusive Showroom Network of EBOs across Tier-1, Primary brand-experience (Offline) 2 and 3 cities, around 1500- anchor; majority franchise- 2000 sq. ft. managed (FOFO) Exclusive Mega Large outlets around 4400 sq. Full-assort
Slide 11: Expanding Global Footprint: 1994-2026
EXPANDING GLOBAL FOOTPRINT: 1994-2026 A balanced mix of owned retail, franchise-managed retail, and digital • Since inception in 1994, RedTape has grown from a single-store presence to a global network of stores by 2026. • Our footprint now spans across the UK, UAE, Bangladesh, Bhutan, Sri Lanka, Ma
Slide 12: Segmental and Channel-Level Performance
SEGMENTAL AND CHANNEL-LEVEL PERFORMANCE Performance was broad-based — across categories, channels and brands. Footwear-led, apparel scaling CATEGORY MIX — CHANNEL MIX — BRAND MIX — Footwear leads the category mix at 56% of Q1 FY27 (%) Q1 FY27 (%) Q1 FY27 (%) Q1 FY27 revenue, while apparel contribute
Slide 13: Unit Economics
UNIT ECONOMICS Capital-light retail model, vendor-partner sourcing, improving sales density. OPERATING MODEL — THREE BUILDING BLOCKS Capital-light retail Vendor-partner sourcing Gross-margin discipline • Approximately two-thirds of the store network is • Footwear and apparel are sourced primarily th
Slide 14: Financial Performance
FINANCIAL PERFORMANCE Multi-year revenue, EBITDA and PAT trajectory Revenue (₹ Cr) Overall Business Momentum 2,415 25 • FY26 revenue grew 19.6% to ₹2,415 Cr; EBITDA 2,018 margin expanded 150 bps to 19.0%, and PAT 2000 20.4 margin rose 110 bps to 9.6%. 1,838 19.0 20 17.5 • Q1 FY27 revenue was ₹480 Cr
Slide 15: Core Growth Enablers
CORE GROWTH ENABLERS 1 2 Omni-Channel Reach Brand Trust & Legacy Penetration through a strategic Access to millions of customers mix of retail outlets, and a built upon a legacy of quality, strong e-commerce presence. style, and affordability. Ensuring maximum accessibility Leveraging our establishe
Slide 16: Why Look at RedTape Now
WHY LOOK AT REDTAPE NOW 1 Independent listed lifestyle business with a clean structure 2 Multi-year revenue & operating leverage now visible Demerged from Mirza International and listed on BSE and NSE since Revenue grew at almost 20% with EBITDA & PAT margins showing August 2023, the business operat
Slide 17: Q1 FY27 Update
Q1 FY27 Update
Slide 18: Key Highlights - Q1 FY27
KEY HIGHLIGHTS – Q1 FY 27 Q1 FY27 ₹ 480 Cr ₹ 47 Cr Revenue PAT Growth of 3.7 % YoY PAT Margin 9.5% 47.5% ₹ 0.85 Gross Margin EPS Growth of 213 bps 20.4% 33 EBITDA Margin New stores addition Growth of 323 bps All figures Ind AS basis. EBITDA includes other income 17 REDTAPE LIMITED
Slide 19: Management Commentary
MANAGEMENT COMMENTARY The first quarter of FY2027 reinforced the importance of remaining disciplined in a volatile demand and cost environment. While branded footwear and apparel continue to benefit from structural tailwinds, near-term consumption trends were uneven and the business faced pressure a
Slide 20: Key Business Highlights - Q1 FY27
KEY BUSINESS HIGHLIGHTS – Q1 FY 27 • Strategic portfolio expansion: In April 2026, RedTape acquired the rights to the globally recognised sports footwear brand Sprandi for India, Bangladesh, Nepal, Bhutan, and Sri Lanka, strengthening its sports and athleisure portfolio. The brand is expected to be
Slide 21: Standalone Results
STANDALONE RESULTS Quarterly performance versus Q1 FY26 and versus Q4 FY26. ₹ Cr Q1 FY27 Q1 FY26 Growth Q4 FY26 Growth Revenue from Operations 480 463 3.7% 674 -28.7% Gross Profit 228 210 8.6% 292 -21.9% Gross Margin 47.5% 45.4% 213 bps 43.4% 415 bps EBITDA 101 87 16.4% 135 -25.1% EBITDA Margin (%)
Slide 22: Channel Performance
CHANNEL PERFORMANCE Revenue for Q1FY27 (in INR Cr.) 17% • For Q1FY27 Volume growth of ~4% (5.9 Mn to 6.1 Mn) Retail 356 • Gross addition of 58k sq. ft. 303 Q1FY26 Q1FY27 -26% • E-commerce now contributes ~22% of the total revenue E-commerce • #2 footwear brand on 139 103 Q1FY26 Q1FY27 4% • Others no
Slide 23: Outlook
OUTLOOK • RedTape remains focused on disciplined growth, supported by stronger execution across its retail and digital channels. • The Company will continue to drive operating efficiency, align e-commerce growth with profitability, and protect its consumer value proposition. • RedTape believes it is
Slide 24: Detailed Standalone P&L
DETAILED STANDALONE P&L Particulars (₹ Cr) Q1 FY27 Q1 FY26 Q4 FY26 Revenue from Operations 480 463 674 Other Income 15 43 23 Total Income 496 506 697 Cost of Materials / Goods 252 253 382 Gross Profit 228 210 292 Gross Margin (%) 47.5% 45.4% 43.4% Employee Benefits Expense 32 29 31 Other Expenses 11
Slide 25: Demerger Scheme Mechanics
DEMERGER SCHEME MECHANICS Reference disclosure on the scheme of arrangement between RedTape Limited and Mirza International Limited. Demerging Company Mirza International Limited Resulting Company RedTape Limited Appointed Date 1 January 2022 NCLT Order 21 February 2023 — Allahabad Bench Effective D
Slide 26: Contact
CONTACT INVESTOR RELATIONS CONTACT Kasturi K Sharma | Nikita Atri Ernst & Young LLP E: Kasturi.Sharma@in.ey.com | Nikita.Atri@in.ey.com REDTAPE LIMITED Plot No. 8, Sector 90 Noida, Gautam Buddha Nagar Uttar Pradesh 201305, India Tel: +91 120 6994444 Web: www.redtape.com | IR: about.redtape.com