Redington shares jump 11% to fresh record high, rally 29% in five sessions; key triggers explained

Shares of Redington Ltd, one of the leading global technology solutions and supply chain providers, were in heavy demand on Monday, August 3, thereby extending their recent rally.

The stock jumped as much as 11.17% to hit a record high of ₹357.60 on the NSE. Data show that the scrip has rallied 29% over the past five sessions.

The rally in the stock could be attributed to its strong June quarter (Q1 FY27) earnings, along with robust Apple sales data.

Redington is one of India's leading technology distribution companies, providing end-to-end supply chain solutions across IT, mobility, cloud, and digital transformation products.

The company acts as a key link between global technology brands and channel partners, distributing products from leading companies across computing, smartphones, networking, enterprise solutions, and cybersecurity segments. Redington has a strong presence in the Apple ecosystem and is among the key distributors of Apple products in India.

Key details to know

Tech giant Apple posted record June-quarter revenue of $109.4 billion, up 16% on a year-on-year (YoY) basis, supported by double-digit growth in most emerging markets including India.

"We achieved June quarter revenue records in every geographic segment. We were pleased to see strength across the board with June-quarter records in the US, Latin America, Western Europe, India, China mainland, Japan, and Southeast Asia. We also achieved June quarter revenue records in both developed and emerging markets and saw double-digit growth in most emerging markets," Apple CEO Tim Cook said in the last earnings call as the company's top executive.

John Ternus is scheduled to take over as CEO on September 1, 2026.

The company's gross margin was 50.1%, including a favourable impact of approximately 2 percentage points from tariff refunds.

Analyst with IDC India, Navkendar Singh, said India was again a standout for Apple in the reported quarter, setting another revenue record with double-digit growth.

"On a still-modest share of the world's second-largest smartphone market, that signals a long runway, powered by first-time buyers, wider retail and financing access, and roughly a quarter of iPhones now assembled locally.

"The near-term will test this - Apple has flagged significant supply constraints in the next few quarters, and a global memory-cost crunch is pushing prices up.

"Prices for iPhones will see an increase in the next few weeks; however, demand should absorb it," Singh said.

Neil Shah, co-founder and VP for Research at market research and analysis firm Counterpoint, said that Apple has enjoyed a nice boost in Mac demand - especially for the MacBook Neo through Pro - thanks to more budget-friendly pricing and staying ahead of competitors' price hikes.

Redington Q1 FY27 results

In its press release, Redington said it delivered its highest-ever quarterly revenue and profit in Q1 FY27. Consolidated revenue stood at ₹34,966 crore, representing year-on-year growth of 34%, while profit after tax, excluding exceptional items, increased 77% to ₹486 crore. PAT margin for the quarter stood at 1.4%.

The performance was broad-based across Redington’s businesses and key operating markets.

"India delivered particularly strong growth, with revenue increasing 63% and profit after tax rising 60% year-on-year. 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," the press release dated July 29 said.

Revenue across the Middle East and Africa grew 15% year-on-year, supported by cloud- and cybersecurity-led offerings, despite continued geopolitical uncertainty during the quarter.

V S Hariharan, Managing Director & Group CEO, Redington, said, "We have started FY27 on a strong note, delivering our highest-ever quarterly revenue and profit. This performance reflects the strength of our diversified business model, disciplined execution and broad-based momentum across businesses and geographies. Profit growth significantly outpaced revenue growth, reinforcing our continued focus on profitable and sustainable growth."

"As technology adoption accelerates across cloud, software, cybersecurity, AI-enabled infrastructure and digital transformation, Redington is well positioned to capture these opportunities through its strong ecosystem of global technology brands, partners and customers. We will remain focused on operational resilience, capital efficiency and long-term value creation for all our stakeholders," the CEO added.