India's RedTape jumps in sharp volume spike as Q4 profit surges

RedTape

26/05/2026 10:29

** Footwear and apparel retailer Redtape REDT.NS shares jump 14% to 153.61 rupees, its highest in over eight months

** Stock set for best day on record, with volumes over 10 million, ~23 times the 30-day average

** RedTape reports 70% jump in Q4 profit at 698.8 million rupees, up from 412.2 million rupees a year earlier

** Revenue from operations climbed to 6.76 billion rupees from 5.06 billion rupees

** Co is increasingly capturing demand from unorganised players, helped by stronger brand recall, wider store and online reach

** Profit growth outpaced revenue gains, pointing to operating leverage as increasing sales helped offset rising costs

** Technical indicators show stock enters overbought territory, stock up 25% YTD

(Reporting by Pranav Kashyap in Bengaluru)

((pranav.kashyap@tr.com; +919886482111;))