Credo Brands Marketing Limited has informed the Exchange about Credit Rating
MUFTI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings has reaffirmed its credit rating on Credo Brands Marketing Limited's (brand: Mufti) bank facilities at CARE A+; Stable for long-term and CARE A1+ for short-term, on a facility of Rs. 70 crore. The reaffirmation reflects stable operating and financial performance in FY25 and 9MFY26, with revenue at Rs. 618 crore in FY25 (up 9% YoY) and PBILDT margin improving to 29.7%. The company has a healthy net worth of ~Rs. 410 crore, low gearing of 0.57x, and strong interest coverage of 7.29x. Ratings are supported by the established 'Mufti' brand with 1,877 touchpoints and an asset-light business model, but constrained by dependence on a single brand and a high working capital cycle of 200 days.
This is a neutral-to-positive signal for shareholders. The rating reaffirmation at the same level confirms the company's credit quality remains intact, with strong liquidity and comfortable solvency. No immediate impact on stock price is expected, but it provides comfort on the company's financial stability.