Redington share price surged 9% intraday as investors bet on strong iPhone 17 sales driving higher distribution volumes.
The company posted 22% YoY revenue growth and 12% profit growth in Q1 FY26, signaling robust fundamentals.
Redington has delivered multibagger returns with 429% gains in 5 years, supported by Apple’s rising revenue contribution.
Redington share price today, on September 19, 2025, surged 9.2% during intraday trading, touching a high of Rs. 314.60. The stock rally came as market participants bet on strong consumer demand for Apple’s iPhone 17 launch in India. The release is expected to drive higher distribution volumes for Redington, one of Apple’s key distribution partners in India. Let’s see a detailed analysis of Redington stock based on Moneycontrol data to make informed decisions.
Apple officially rolled out sales of the iPhone 17 lineup in India today, with pre-orders already underway. The new range includes the iPhone 17, iPhone 17 Pro, and iPhone 17 Pro Max, available in fresh colors such as lavender, mist blue, and sage. Prices start from Rs. 82,900 for the base model and go up to Rs. 1.9 lakh for the top-end variant with 1TB storage.
Redington, which has been distributing Apple products in India since 2007, continues to play a key role in Apple’s supply chain in the country. As per its June quarter investor presentation, Apple accounted for 34% of Redington’s revenue, compared to 30% in FY25. This rising contribution highlights Redington’s growing dependence on Apple’s product launches for topline growth.
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Redington shares have been a strong performer in recent months and years. Over the past year, the stock has delivered returns exceeding 51%. In the last six months alone, it has surged 37%, while the past month saw gains of 27%. Long-term investors have enjoyed multibagger returns, with the stock rising nearly 429% over the last five years.
Redington share price chart on Moneycontrol shows gains of 6.19% as of 1.25 PM:
Redington share price at press time trades 98% higher than its 52-week low of Rs. 159.10, recorded in October 2024. It also remains close to its 52-week high of Rs. 334.90, touched in June 2025. At current levels, Redington commands a market capitalization of Rs. 23,859 crore, with a price-to-earnings ratio of 14.6, slightly above the sector PE of 12.5.
Redington reported a healthy set of numbers in the first quarter of FY26. The company’s net profit rose 12% year-on-year to Rs. 275 crore from Rs. 246 crore in the same quarter last year. Its revenue also posted a strong 22% growth, coming in at Rs. 25,952 crore against Rs. 21,282 crore in Q1 FY25.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew 8% to Rs. 401 crore. However, margins remained slightly low at 1.6% versus 1.7% a year ago. At the same time, both profit and revenue were weaker compared to the March quarter, though annual growth reflected continued business expansion.
The successful launch of the iPhone 17 is expected to keep investor sentiment buoyant for Redington in the short term. With Apple being a revenue driver, sustained iPhone demand could support growth momentum in the coming quarters. However, investors should also watch for margin pressures and broader market volatility.
Overall, Redington’s strong fundamentals, expanding partnership with Apple, and proven track record of returns make it a key stock to watch in the Indian technology distribution space.
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1. Why did Redington’s share price surge after the iPhone 17 launch?
Redington’s share price jumped because it is Apple’s key distributor in India. Every iPhone launch significantly boosts sales volumes for Redington, which directly reflects in higher revenues and investor confidence.
2. How important is Apple for Redington’s business model?
Apple contributes 34% of Redington’s revenue as of Q1 FY26, compared to 30% last year. This shows Redington’s increasing reliance on Apple’s product cycles for growth and profitability in India’s fast-expanding smartphone market.
3. What were Redington’s Q1 FY26 financial results?
In Q1 FY26, Redington reported a 12% YoY net profit rise to Rs. 275 crore and 22% revenue growth to Rs. 25,952 crore. EBITDA grew 8%, though margins slightly dipped from 1.7% to 1.6%.
4. Is Redington stock considered a long-term multibagger?
Yes. Redington has delivered nearly 429% returns in the past five years, making it a multibagger stock. Strong fundamentals, Apple’s demand, and market expansion continue to support its long-term growth story.
5. What risks should investors watch before buying Redington shares?
While growth looks promising, risks include margin pressure, dependency on Apple, and global market volatility. Any slowdown in iPhone sales or supply chain disruptions could impact Redington’s near-term performance.
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