RedTape reported a strong performance in its Q4 results, with the company posting healthy growth in profit and revenue on a year-on-year (YoY) basis.
The company reported a net profit of ₹70 crore in the fourth quarter, marking a sharp 70% increase compared to ₹41.2 crore reported in the corresponding quarter last year.
Revenue from operations also witnessed solid growth during the quarter. The company’s revenue rose 33.5% YoY to ₹675.5 crore against ₹506 crore reported in the same period previous year.
At the operating level, EBITDA stood at ₹111.4 crore compared to ₹45.1 crore in the year-ago quarter. EBITDA margin improved significantly to 16.5% from 9% on a YoY basis, reflecting better operational efficiency and improved profitability.
The strong quarterly performance comes amid continued demand growth in the footwear and fashion retail segment, supported by improving consumer sentiment and expansion across retail channels.