**1. Business Performance:** RedTape delivered strong FY26 results: Revenue hit ₹2,415 Cr, PAT ₹244 Cr.

Q4 revenue reached ₹674 Cr.

Footwear and apparel were key drivers; e-commerce contributes ~30%. FY26 EBITDA margin was 19.0%. **2. Growth Drivers or Strategy:** An asset-light franchise model, efficient sourcing, and extensive omni-channel reach (669 stores + online) drive RedTape's expansion.

Brands target aspirational consumers in Tier 2/3 cities. **3. Recent Developments:** New eyewear and hard luggage launched, expanding lifestyle offerings.

Supply chain improved via BIS accreditation and new sourcing markets.

Ozark brand momentum is strengthening. **4. Key Financial Metrics:** FY26: Revenue ₹2,415 Cr, PAT ₹244 Cr, EPS ₹4.42. Q4 FY26: Revenue ₹674 Cr, PAT ₹71 Cr, EPS ₹1.29. Retail SSSG for FY26 was 11.9%. **5. Management Commentary / Outlook:** Management is confident in their agile, omnichannel strategy.

FY27 targets strong revenue growth, planning 200-250 new stores annually (focus South/West India), and diversifying into luggage/cosmetics, leveraging India's premiumization trend.