India’s Redington posts muted Q1 profit as international demand falls

BENGALURU: IT products distributor Redington reported a 1% fall in its first-quarter profit on Wednesday, as consumers cut their spending, hurting demand for gadgets.

The Apple and Samsung gadgets distributor’s consolidated net profit fell 1% to 2.46 billion rupees ($29.8 million) for the first quarter ended June 30 from 2.49 billion rupees an year ago.