Redington eyes smart glasses and robots as AI drives growth
The company reported a 48 per cent yearly revenue growth in the second quarter of the 2027 fiscal year.
Redington is seeing rapid growth driven by artificial intelligence (AI) exposure across product categories, according to The Times of India. The company is also looking to diversify into segments such as smart glasses and robots.
The company reported consolidated revenue of Rs 43,002 crore in the second quarter of the 2027 fiscal year (Q2 FY27), representing 48 per cent growth on a yearly basis. Profit after tax (PAT), excluding exceptional items, increased 50 per cent to Rs 581 crore.
Redington's technology solutions group, covering networking, servers, storage, and power, registered 91 per cent growth in Q2 FY27. Managing director and group CEO VS Hariharan said data centre hardware contributed nearly Rs 3,000 crore of the quarter's Rs 3,800 crore in deals.
Hariharan stated that a transition from CPUs to GPUs is contributing to growth, particularly as enterprises adopt GPUs. He noted that the company maintains a strong backlog to be recognised over the next two to three quarters, driven by Indian neo cloud operators.
The mobility solutions group saw smartphone sales grow 40 per cent and commercial PCs grow 38 per cent. While consumer PC sales saw a 20 per cent to 25 per cent volume drop due to cost inflation, commercial PCs in India grew about 10 per cent year-on-year.
The company is piloting smart glasses in the Middle East and Africa and is evaluating distribution for household and office robots. Other emerging bets include solar rooftop and refurbished devices businesses.
