The technology distribution and supply-chain solutions sector in India is rapidly expanding, driven by digital transformation and rising demand for efficient logistics. Valued at over Rs 1.8 lakh crore, the sector is expected to grow at double-digit rates, supported by AI, IoT, and automation. Supply chain management alone is projected to reach over USD 5.5 billion by 2032, reflecting India’s rising role as a global tech hub.
With a market capitalisation of Rs 22,624.55 crore, the shares of Redington Ltd closed at Rs 289.40 per share, increasing around 0.49 percent as compared to the previous closing price of Rs 288.00 apiece.
Redington gained traction after the iPhone 17 launch boosted demand across its key markets, including India, the Middle East, Africa, and South Asia. Strong volumes through its wide distribution network lifted sentiment, leading to a 9% rise in the stock on September 19, reflecting renewed investor confidence.
Vendor Mix
Redington’s Q2FY26 vendor mix highlights stability with Apple maintaining a strong 29% revenue share. HP Inc. declined to 9%, while Lenovo’s contribution increased sharply from 8% to 11%. Samsung and Dell EMC saw slight declines. Notably, the “Others” category rose from 38% to 41%, indicating increasing dependence on a broader mix of smaller vendors.
Furthermore, as people’s living standards rise, many are shifting toward premium brands like Apple for better quality and status value. This shift may boost Redington’s revenue mix since it is a key distributor of Apple products in India. Growing urban income and aspirational buying are driving more smartphone and laptop sales through Redington’s Apple distribution network.
Recently, New iPhone launches like iPhone 17 have driven significant volume growth through Redington’s extensive distribution across India, the Middle East, Africa, and South Asia. the shares of the company have jumped by 4 percent on september 19.
Q2FY26 Highlights
Recently, the company announced its financial performance in Q2FY26, in which revenue increased by 17 percent on a year-on-year basis from Rs 24,896 crore in Q2FY25 to Rs 29,076 crore in Q2FY26. However, on a Quarter-on-Quarter basis, revenue zoomed by 12 percent from Rs 25,952 crore in Q1FY26 to Rs 29,076 crore in Q2FY26.
Moreover, net profit increased by 24 percent on a yearly basis from Rs 283 crore in Q2FY25 to Rs 350 crore in Q2FY26, meanwhile, on a quarter-on-quarter basis, net profit jumped by 50 percent from Rs 233 crore in Q1FY26 to Rs 350 crore in Q2FY26.
Vertical growth
Furthermore, the Software Solutions Group (SSG) posted a 48 percent year-on-year increase, driven by sustained momentum in cloud, software, and cybersecurity. The Mobility Solutions Group (MSG) grew 18 percent year-on-year, driven by higher demand in the premium segment, new product introductions, and robust execution under its Direct-to-Retail model.
Additionally, the Technology Solutions Group (TSG) saw a 9 percent year-on-year rise, aided by stronger enterprise demand and large-deal execution both in India and overseas. The Electronics Solutions Group (ESG) grew 11 percent year-on-year, led by rising PC demand in India amid accelerating AI PC penetration.
Redington’s outlook remains optimistic, with the next 2–3 quarters expected to stay strong across India, UAE, and KSA, supported by mobility and a pickup in PC demand. Large TSG deals are likely in Q3–Q4. SSG aims for 30–50% growth over 6–12 quarters, while Arena should see gradual loss reduction, with profitability expected only by FY27.
Redington delivered strong geographic performance, with India and the UAE both posting a robust 23% YoY growth. GCCL followed closely at 22%, reflecting healthy regional demand. Saudi Arabia grew 10%, while Africa saw a modest 8% rise. Overall, momentum remained broad-based across major markets, driven by sustained tech and mobility demand.
Redington is a leading technology distribution and supply-chain solutions company serving India, the Middle East, Africa, and Turkey. With partnerships spanning over 450 global brands, it delivers IT hardware, mobility, cloud, and enterprise solutions. Its strong logistics network, diversified portfolio, and vendor relationships make it a key player in the region’s digital ecosystem.
Written by Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
