Credo Brands Marketing Limited has informed the Exchange that Board of Directors at its meeting held on May 21, 2026, recommended Final Dividend of Rs. 2 per equity share.
MUFTI · price
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On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250 and 2.6 pts more than its Speciality Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Credo Brands Marketing Limited (MUFTI) held its Board meeting on May 21, 2026, where it approved the audited standalone financial results for FY ended March 31, 2026. The company reported revenue from operations of Rs. 5,921.03 million, down from Rs. 6,181.80 million in the previous year. Net profit after tax stood at Rs. 474.24 million compared to Rs. 684.09 million in FY25, reflecting a decline. The Board recommended a final dividend of Rs. 2 per equity share (100% payout on face value of Rs. 2). Additionally, Mr. Kamal Khushlani was re-appointed as Chairman and Managing Director for five years effective March 08, 2027, subject to shareholder approval at the AGM.
The recommended dividend signals stable cash flow generation, though the company faced profit decline year-on-year. The profit contraction may concern investors, but the maintained dividend payout ratio demonstrates management confidence in the business. The stock is likely to see mixed reaction given the earnings dip offset by shareholder-friendly dividend policy.