Credo Brands Marketing Limited has informed the Exchange regarding Outcome of Board Meeting held on May 22, 2025.
MUFTI · price
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Credo Brands Marketing (Mufti Jeans) reported FY25 audited results with revenue from operations of ₹6,181.80 million, up about 9% from ₹5,673.32 million in FY24. Net profit grew roughly 15.6% to ₹684.09 million (vs ₹591.62 million), while Q4 net profit nearly doubled to ₹138.28 million from ₹70.30 million year-on-year. The board recommended a dividend of ₹3.00 per share (150% on face value of ₹2) for FY25, subject to shareholder approval. The statutory auditors (MSKC & Associates LLP) issued an unmodified opinion on the results, noting that the prior year FY24 audit was conducted by a different firm. The board also approved the re-appointment of Mr. Amer Jaleel as Independent Director for a second 5-year term effective November 2, 2025, and appointed M/s. Siroya and BA Associates as Secretarial Auditors for FY26 to FY30.
The results are positive for shareholders — healthy double-digit profit growth, a strong Q4 performance, and a generous 150% dividend signal confidence in cash flows. The clean (unmodified) audit opinion is reassuring, though investors should note the change in statutory auditor between FY24 and FY25.