The company will be introducing the brand in the Indian market very soon through online and retail stores with large volumes
Redtape has acquired international sports footwear brand Sprandi for India, Nepal, Bhutan and Sri Lanka. Sprandi is a globally recognised brand, clocking strong sales volumes in international markets like China, Russia, the Middle East and the Commonwealth of Independent States (CIS) countries.
“We will be launching this brand in the Indian market very soon through online and retail stores with large volumes,” Redtape highlighted in an exchange filing. The shares of the company touched a high of Rs 128.90 on Thursday after it opened at Rs 124.79 on the Bombay Stock Exchange (BSE).
The company’s consolidated revenue in the nine months of the financial year 2026 grew 15.42 per cent on a year-on-year (YoY) basis to Rs 1,76,934 lakh. Standalone revenue reached Rs 1,76,643 lakh, reflecting a 15.24 per cent growth, driven by strong performance across footwear, apparel and accessories categories.
Consolidated profit after tax (PAT) rose to Rs 17,067 lakh, a 32.52 per cent growth. Standalone PAT grew to Rs 17,299 lakh, a 32.80 per cent increase, reflecting improved cost efficiency, steady margins and strong retail traction.
In an earlier exchange filing, the company said that RedTape Ozark, introduced in FY24, is now set for strategic expansion across markets. Positioned as the rugged outdoor and terrain-focused face of RedTape, Ozark is built for trail running, hiking, and adventure, driving growth within the performance wear segment.
In Q3FY26, the company maintained a capital-light business model by collaborating with vendor partners, enabling rapid turnaround from design to market, efficient sourcing, and cost optimisation across categories. The company strengthened its presence with 527 exclusive stores across 295 cities in 20 states and four union territories, further deepening its penetration in both metro and emerging markets.
