Redtape Limited — Investor Meet, 24-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

RedTape reported Q2 FY26 standalone income of INR501 Cr and PAT of INR27 Cr (up 8.8%). Gross margins dipped due to e-commerce dynamics, but operating expenses were managed to maintain EBITDA. Same-store sales grew 10%, driven by footwear.

Management is confident about future growth, targeting 20% year-on-year, projecting strong Q3/Q4 performance. They are expanding with 80-100 new stores annually, focusing on South, West, and East India, and introducing new premium products like 'Ozark' and ETPU shoes. The company continues its discount-led strategy, asserting it resonates with Indian consumers seeking value and quality. No adverse remarks from recent tax raids.