Redington shares hit record high amid Apple iPhone launch

Redington shares reached a record high of ₹413.20 following the launch of Apple’s new iPhone lineup in India. As a major distribution partner for Apple, the company benefits from hardware renewal cycles. This year’s launch includes the iPhone Duo, Apple’s first foldable phone, alongside the iPhone 18 Pro and Pro Max, which saw price increases of 20% to 43% due to rising memory chip costs and a weaker rupee.

In addition to consumer electronics, Redington is expanding its industrial software presence. The company recently entered a distribution cooperation with Siemens Digital Industries Software to provide access to the Siemens Xcelerator portfolio across six African markets, including Kenya, Ethiopia, Nigeria, Morocco, Egypt, and Tanzania.

The company reported strong financial results for the quarter ending June 2026, with net profit rising 76.55% to ₹485.98 crore and revenue increasing 35% to ₹34,922 crore.