Credo Brands Marketing Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2025
MUFTI · price
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Credo Brands Marketing (MUFTI brand) has informed the exchanges that its 26th Annual General Meeting will be held on September 22, 2025 at 12:30 PM via video conferencing, and has submitted its Annual Report for FY 2024-25. Revenue from operations grew about 9% to ₹6,182 million in FY25 from ₹5,673 million in FY24, while profit after tax rose to ₹684 million from ₹592 million and EBITDA reached ₹1,798 million with a 29.1% margin. The company added 35 stores on a gross basis (16 net) taking the total to 441 Exclusive Brand Outlets across 247 cities, with online sales doubling year-on-year. Management is shifting focus to premiumisation, planning roughly 20 premium flagship stores in FY26 and lifting advertising spend to 6-7% of revenue in FY26 and 8-10% in FY27. Inventory days improved from 77 to 67, and all FY25 investments were funded through internal accruals with low debt.
For shareholders, the AGM is the main near-term event where accounts and resolutions will be tabled. The annual report highlights steady revenue and profit growth, but flags higher marketing and rental costs in FY26 as the company invests in premiumisation, which may weigh on short-term margins even as it aims to build long-term brand value.