REDTAPE Limited reported earnings results for the third quarter and nine months ended December 31, 2024. For the third quarter, the company reported sales was INR 6,645.7 million compared to INR 6,175.7 million a year ago. Revenue was INR 6,695.8 million compared to INR 6,212.1 million a year ago. Net income was INR 730.7 million compared to INR 608.2 million a year ago. Basic earnings per share from continuing operations was INR 1.3225 compared to INR 1.1 a year ago. Diluted earnings per share from continuing operations was INR 1.3225 compared to INR 1.1 a year ago.
For the nine months, sales was INR 15,222.6 million compared to INR 13,398.2 million a year ago. Revenue was INR 15,329.8 million compared to INR 13,441.5 million a year ago. Net income was INR 1,287.8 million compared to INR 1,352.8 million a year ago. Basic earnings per share from continuing operations was INR 2.33 compared to INR 2.4475 a year ago. Diluted earnings per share from continuing operations was INR 2.33 compared to INR 2.4475 a year ago.
RedTape Limited is an India-based company, which operates as a fashion and lifestyle brand. The Company is engaged in the business of retailing, marketing, design and development of sports and fashion footwear, garments, apparel and other accessories. The Company offers a diversified product line from footwear to a mix of casual and semi-formal apparels, including shirts, T-shirts, ethnic wear, trousers, denims, sweaters, jackets, belts, socks, wallets, and handkerchief. It owns a portfolio of brands, namely RedTape, MODE by RedTape, and Bond Street by RedTape. The Company operates in approximately 17 countries, including India, the United Kingdom, the United States, Australia, Turkiye, United Arab Emirates (UAE), France, Germany, West Asia and South Africa, and others.
