September 19, 2025: Shares of Redington, one of the largest and most prominent distributors of Apple products in India, soared by more than 9% immediately after the official India launch of Apple’s much-awaited iPhone 17 series. The surge in stock price was a clear reflection of heightened investor optimism and growing confidence that Apple’s newest smartphone lineup will witness strong sales momentum across the Indian market.
Analysts suggest that the rally underscores expectations of robust consumer demand, not just from premium buyers in metro cities but also from aspirational customers in Tier-II and Tier-III towns, where Apple has been expanding its retail footprint. For Redington, which has been closely associated with Apple for nearly two decades, the iPhone 17 rollout is expected to further strengthen its revenue streams and cement its position as a critical supply chain partner driving Apple’s growth in India.
iPhone 17 Launch and Pre-Orders
Apple commenced sales of the iPhone 17 series in India today, with pre-orders already underway. Redington, which has been distributing Apple devices in India since 2007, continues to play a crucial role as one of Apple’s key distribution partners.
Earlier this month, Apple globally unveiled its new iPhone 17, iPhone 17 Pro, and iPhone 17 Pro Max.
- Variants and Colors: The iPhone 17 will be available in lavender, mist blue, sage, white, and black.
- Storage Options: 256GB and 512GB.
- Pricing: Starts at ₹82,900 for the base iPhone 17 model and goes up to ₹1.9 lakh for the 1TB iPhone 17 Pro Max.
Apple’s Importance to Redington
Apple remains a major client for Redington. In its June quarter investor presentation, Redington disclosed that Apple contributed 34% to the company’s topline, up from 30% in FY25.
This deep association makes Redington a direct beneficiary of Apple product launches in India, particularly high-demand cycles like the iPhone series.
Redington Q1 FY26 Results
In the first quarter of FY26, Redington posted:
- Net Profit: ₹275 crore, up 12% year-on-year from ₹246 crore.
- Revenue: ₹25,952 crore, a 22% jump compared to ₹21,282 crore a year ago.
- EBITDA: ₹401 crore, up 8% from ₹371 crore.
- Margins: 1.6%, slightly lower than 1.7% in the same quarter last year.
Despite the yearly growth, both revenue and profit were lower sequentially compared to the previous quarter.
Redington Share Performance
The iPhone 17 launch excitement pushed Redington shares up 9.2%, hitting a day’s high of ₹314.60 on Friday.
The stock’s broader performance has also been impressive:
- 1 Year: Up 51%
- 6 Months: Up 37%
- 1 Month: Up 27%
- 5 Years: Soared 429%, delivering multibagger returns
Currently, Redington trades 98% higher than its 52-week low of ₹159.10 (October 2024). The stock also touched a 52-week high of ₹334.90 in June 2025.
Conclusion
The highly anticipated launch of the iPhone 17 in India has once again highlighted Redington’s pivotal role as a key distribution partner for Apple, reinforcing its reputation as a backbone in Apple’s supply chain within the country. The surge in consumer enthusiasm for Apple’s premium smartphone lineup directly translates into tangible business benefits for Redington, which has consistently leveraged Apple launches to boost sales volumes and strengthen its revenue mix. Industry observers note that with each successive iPhone release, Redington’s significance in India’s rapidly expanding smartphone ecosystem only grows stronger.
Coupled with its expanding market share, broad distribution network, and proven track record of delivering sustainable growth, Redington has positioned itself as a stock that continues to attract the attention of both institutional investors and retail traders. As Apple deepens its focus on India as a critical growth market, Redington is expected to remain at the center of this momentum, making it one of the most closely tracked companies in India’s technology and distribution space.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of EQMint. We advise investors to consult certified financial experts before making investment decisions.
