Apple iPhone 18 Pro, Pro Max to launch in India on Sept 18; Redington shares jump 5% to hit 52-week high

Shares of Redington, a major Apple distributor in India, traded with gains in the early trade on Thursday, September 10, as the new edition of the ultra-premium iPhone 18 Pro and iPhone 18 Pro Max will be available in India from September 18 at a starting price of ₹1,64,900 and ₹1,79,900, respectively, the tech major said on Wednesday.

The Redington stock rallied as much as 5.39% to hit a 52-week high of ₹398.45 on the NSE.

iPhone 18 Pro and iPhone 18 Pro Max are available in four colours - black, silver, glacier, and an all-new burgundy.

"iPhone 18 Pro and iPhone 18 Pro Max will be available in 256GB, 512GB, 1TB, and 2TB storage capacities. Available in burgundy, glacier, silver, and black, iPhone 18 Pro starts at ₹1,64,900 and iPhone 18 Pro Max starts at $1,79,900," the company said in a statement.

The pre-booking of the iPhone 18 series will start from September 12 across 65 countries, including India.

"Customers in more than 65 countries and regions, including Australia, Brazil, Canada, China, Colombia, France, Germany, India...will be able to pre-order iPhone 18 Pro and iPhone 18 Pro Max beginning at 5 am PT this Saturday, September 12, with availability beginning Friday, September 18," the statement said.

Apple has been posting record performance in India.

Apple's revenue in India is estimated to have crossed $10 billion due to record shipments of iPhones in FY26.

In Indian rupee terms, it was somewhere close to the ₹1 lakh crore revenue mark.

According to Counterpoint research, Apple's iPhone shipments for FY26 grew to 14 million units, up 24% year-on-year (YoY).

The iPhone accounts for the majority of Apple's revenue in India.

Why is Redington in focus?

Redington is a major Apple distributor in India, so strong demand for the new premium iPhone models could support its distribution volumes and revenue.

Shares will be in focus as Redington, a key Apple distributor in India, could benefit from demand for the new premium iPhone 18 Pro models, supporting its distribution business.

Redington Q1 FY27 earnings

The company’s consolidated profit after tax (PAT) grew more than twice as fast as revenue at ₹486 crore, soaring 77% in Q1 FY27 as against ₹275 crore in the same period last year.

Its revenue from operations increased 35% in the April-June period to ₹34,922 crore as compared to ₹25,952 crore in the year-ago period, marking the highest-ever quarterly revenue.

On the operational front, Redington’s earnings before interest, taxes, depreciation & amortisation (EBITDA) for the quarter surged 76% to ₹707 crore in Q1 FY27 from ₹401 crore in the corresponding quarter for the previous fiscal year.

The EBITDA margin for the quarter expanded to 2.02% in the reporting quarter in contrast to 1.55% YoY.

Other details

Redington, in a statement, said the performance was broad-based across businesses and key operating markets. India delivered particularly strong growth, with revenue rising 63% and profit after tax rising 60% YoY.

The growth was supported by the execution of large enterprise deals, higher PC realisations amid industry-wide memory supply constraints, continued premiumisation in mobility, and sustained demand across cloud and cybersecurity.

Further, revenue across the Middle East and Africa grew 15% YoY, supported by cloud- and cybersecurity-led offerings, despite continued geopolitical uncertainty.