Redington shares surge over 9% on iPhone 17 launch; Stock up 51% in 2025 as retail sentiment turns bullish

Apple, a key contributor to Redington’s revenue since 2007, accounted for 34% of its top line in the June quarter—up from 30% in FY25—highlighting the growing strength of their long-standing distribution partnership

Shares of technology distributor Redington Ltd surged by over 9% on Friday (September 19), buoyed by the official launch of Apple’s latest iPhone 17 series in India. This rally follows a sharp 20% jump earlier in the week as markets anticipated the iPhone unveiling, with the stock hitting its upper circuit on Tuesday (September 16).

According to data from the National Stock Exchange (NSE), trading activity remained robust with over 572 lakh shares exchanging hands, leading to a turnover of approximately ₹1,759 crore on the day.

Apple continues to drive revenue growth

Apple continues to be a significant contributor to Redington’s top line. As per the company’s June-quarter earnings report, Apple products accounted for 34% of Redington’s revenue—an increase from 30% reported in FY25. Redington has been an authorized distributor for Apple in India since 2007.

The newly launched iPhone 17 series is priced between ₹82,900 and ₹1.9 lakh, depending on the model and storage variant.

In Q1 FY26, Redington posted a 12% year-on-year rise in net profit to ₹275 crore, while revenues increased by 22% to ₹25,952 crore.

Investor interest appears strong, with retail sentiment turning bullish, according to Stocktwits data. The stock has delivered a stellar 51% gain so far in 2025, reflecting sustained optimism around Apple’s ecosystem and Redington’s distribution strength.