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  5. Redington shares hit record high as iPhone 18 series goes on sale in India; stock soars 74% in 6 months

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Redington shares hit record high as iPhone 18 series goes on sale in India; stock soars 74% in 6 months

image Ahana Chatterjee
By Ahana Chatterjee

3 min read | Updated on September 18, 2026, 13:16 IST

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SUMMARY

Apple has entered into a new category of foldable smartphones with Duo, which it will sell in India in the price range of around ₹3 lakh to ₹4.5 lakh apiece.

Stock list

REDINGTON
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Redington-share-price-Sept 18

From the beginning of the year, Redington shares have jumped 46.5%. Image: https://www.apple.com/in/iphone-18-pro/

Redington shares jump over 3% to hit a record high of ₹413.20 apiece on Friday, September 18, as Apple’s latest iPhone series goes on sale.
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The integrated technology solutions provider is a major Apple distributor in India, so strong demand for the new premium iPhone models could support its distribution volumes and revenue.

A recent news article by Press Trust of India said that Apple's iPhone 18 lineup will carry a 20% to 43% price hike in India compared to its predecessor series, driven primarily by surging global memory component costs and a depreciating rupee, quoting market analysts.

Apple has entered into a new category of foldable smartphones with Duo, which it will sell in India in the price range of around ₹3 lakh to ₹4.5 lakh apiece, matching the price of some of the top-selling Maruti Suzuki hatchback car models in the country.

Analysts estimate that iPhone Duo will be able to capture around 24% of market share in the foldable device segment, where it will compete with the Samsung Z Fold 8 series, available in India in the price range of ₹1.79 lakh to ₹2.6 lakh (1 TB storage variant) apiece.

Also read: iPhone 18 now available on Blinkit; Eternal shares gain 2% in Friday’s trade

Apple plans to start selling the ultra-premium iPhone 18 Pro in the price range of ₹1,64,900 to ₹3,14,900 apiece, and the iPhone 18 Pro Max in the price range of ₹1,79,900 to ₹3,29,900 apiece, according to the company's website.

The new devices are 20%-43% more expensive compared to the iPhone 17 Pro and iPhone 17 Pro Max.

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.

Redington share price trends

At 1:05 AM, Redington shares were trading at ₹402.8 apiece on the National Stock Exchange, gaining 0.67%.

Also read: ACME Solar shares jump over 5% to hit 52-week high on BESS project operational update; what investors should know

From the beginning of the year, Redington shares have jumped 46.5%. Over a month’s time, the stock has climbed 23%, while for a six-month period, it has climbed 74%.

According to NSE data, as of September 18, 2026, Redington has a total market capitalisation of ₹31,489.87 crore.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

image Ahana Chatterjee
Ahana Chatterjee is a business journalist with 7 years of experience across several leading news platforms. At Upstox, she covers stock markets and corporate news.

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