Redtape Limited · NSE:REDTAPE
Redtape — Q2 FY27 Earnings Presentation
27 slides from Redtape's earnings presentation, Nov 4, 2026
Slide 1: Regulation 30 disclosure letter to exchanges
REDTAPE LIMITED ReCTARE | v | &7 |0ZARK — REDTAPE — Registered Office Plot No. 08, Sector 90, Noida, Gautam 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 04, 2026 BSE Limi
Slide 2: Investor Presentation November 2026
INVESTOR NOVEMBER 2026 N\ ZARK Sprandt
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 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 lifestyle b
Slide 5: Building Blocks of the Business
REDTAPE BUILDING BLOCKS OF THE BUSINESS Three categories, five brands, multi-channel — one shared sourcing and distribution platform. CATEGORIES — Q2 FY27 BRANDS 63% _— _ REOTAFPE W MODE = sonD sTme=T 0ZARK — REDTAPE — L= randi \_/ Footwear Casuals, formals, semi-formals, sports, RedTape Mode Bond S
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 ) —a Mode Bond Street REOTAPE Core mainstream lifestyle Premium men's & women’s apparel MODE Casual Price band Mid-premium Price band Mid-premium Price band Mid-premium Category Footwe
Slide 7: Board of Directors
BOARD OF Chairman Whole Time Director Whole Time Director Chief Financial Officer Independent Director Independent Director Independent Director Independent Director Company Secretary & Compliance Officer
Slide 8: Key Milestones
KEY MILESTONES L4 — ’ ) 1 Awarded Top FlipStar — By Flipkart Awarded Top New Brand first launched a R Best Partner Casual Brand’s first exclusive Amazon Seller - By 480+ stores with revenue . 1t store in Pitampura, ) N i A in London Delhi, India Footwear - recognised by store in Dubai, Ibn mazon of
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 — X500-%1,500: fl
Slide 10: Reaching the Consumer — Multi-Channel, One Brand
REACHING THE CONSUMER — MULTI-CHANNEL, ONE BRAND Channel 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-assortment store; hero-
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 Footwear, retail EBOs and RedTape led Q2 FY27 revenue. Footwear leads the mix CATEGORY MIX — CHANNEL MIX — BRAND MIX — Footwear contributed 63% of Q2 FY27 Q2 FY27 (%) Q2 FY27 (%) Q2 FY27 (%) revenue, followed by apparel at 32% and accessories at 5%. 1% 1% % Di
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 (X Cr) Overall Business Momentum 2,415 25 FY26 revenue grew 19.6% to X2,415 Cr; EBITDA 2,018 margin expanded 150 bps to 19.0%, and PAT 2000 margin rose 110 bps to 9.6%. 1,838 19.0 19.9 20 H1 FY27 revenue was X955 Cr, with EB
Slide 15: Core Growth
CORE GROWTH 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 established to our diverse customer base. reputation to foster
Slide 16: Why Look at RedTape Now
WHY LOOK AT REDTAPE NOW Independent listed lifestyle business Multi-year revenue & with a clean structure 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 operates w
Slide 17: Q2 FY27 & H1 FY27 Update
Q2 FY27 & H1 FY27 Update
Slide 18: Key Highlights — Q2 FY27 & H1 FY27
' KEY HIGHLIGHTS — Q2 FY27 & H1 FY27 Q2 FY27 H1FY27 X474 Cr X36Cr X955 Cr X83Cr Revenue PAT Revenue PAT Decline of 3.5% YoY PAT Margin 7.5% YoY Growth remained flat PAT Margin 8.6% 45.4% X0.64 46.5% X1.49 Gross Margin EPS Gross Margin EPS Growth of 752 bps Growth of 494 bps 18.9% 54 19.9% 87 EBITDA
Slide 19: Management Commentary
MANAGEMENT COMMENTARY Our focus continues to be on building RedTape into a stronger, more diversified and consistently profitable consumer brand. Q2 FY27 was a seasonally softer quarter, further influenced by a shift in the promotional calendar. With Big Billion Days moving from September last year
Slide 20: Key Business Highlights — Q2 FY27
KEY BUSINESS HIGHLIGHTS — Q2 FY 27 Revenue impacted by shift in Big Billion Days timing With Big Billion Days shifting from September last year to October this year, associated sales moved from Q2 into Q3, impacting reported revenue for the quarter. Digital contribution returns to normalized levels
Slide 21: Standalone Results
STANDALONE RESULTS Quarterly performance versus Q2 FY26 and versus Q1 FY27. Revenue from Operations -3.5% -1.3% 0.0% Gross Profit 216 186 15.7% 228 -5.6% 444 397 11.9% Gross Margin 45.4% 37.9% 752 bps 47.5% -208 bps 46.5% 41.6% 494 bps EBITDA 89 83 8.2% 101 -11.5% 190 169 12.4% EBITDA Margin (%) 18.
Slide 22: Channel Performance
CHANNEL PERFORMANCE —— Revenue for Q2FY27 (in INR Cr.) Revenue for H1 FY27 (in INR Cr.) For Q2FY27 Volume stood at 5.23 Mn ke 308 664 Gross addition of 86k sq. ft. in Q2FY27 g > 268 573 Q2FY26 Q2FY27 H1FY26 H1FY27 2% 2% E-commerce now contributes ~31% of the total revenue > 185 146 323 756 #2 footwe
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: Summary Balance Sheet
SUMMARY BALANCE SHEET EQUITY AND LIABILITIES Equity Share Capital 111 111 Other Equity 881 914 Total Equity 992 1,025 Non-current Borrowings 5 14 Lease Liabilities (Ind AS 116) 317 294 Current Borrowings 459 371 Trade Payables 401 363 Total Liabilities 1,434 1,280 ASSETS Property, Plant & Equipment
Slide 25: Detailed Standalone P&L
DETAILED STAN DALONE P&L Revenue from Operations Other Income 14 36 15 29 79 Total Income 488 528 496 984 1,034 Cost of Materials / Goods 259 305 252 511 558 Gross Profit 216 186 228 444 397 Gross Margin (%) 45.4% 37.9% 47.5% 46.5% 41.6% Employee Benefits Expense 32 30 32 64 59 Other Expenses 108 11
Slide 26: 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 27: 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