Credo Brands Marketing Limited has informed the Exchange regarding a press release dated May 21, 2026, titled "Q4 & FY26 Financial & Business Performance".
MUFTI · price
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Credo Brands Marketing (MUFTI) reported Q4 FY26 revenue of Rs. 162.3 Cr, up 5.9% year-on-year, while full-year FY26 revenue declined 4.2% to Rs. 592.1 Cr from Rs. 618.2 Cr. Despite revenue decline, gross margins improved to 58.4% in FY26 from 57.2% previously, reflecting premiumisation efforts. However, FY26 PAT dropped significantly to Rs. 47.4 Cr from Rs. 68.4 Cr in FY25, a decline of about 31%. The company operates 429 EBOs as of March 2026, with an omnichannel sales mix of EBO (54%), MBO (27%), Online (11%), LFS (5%), and Others (3%). The management cited challenging market conditions in mid-premium apparel and higher advertising spends (8% of Q4 revenue) as headwinds but remains focused on the 'MUFTI 2.0' transformation initiative to premiumise stores and improve retail productivity.
The FY26 revenue decline and significantly lower PAT are near-term headwinds for the stock. However, improving gross margins and the premiumisation strategy signal potential long-term recovery if consumer demand stabilises. Investors should monitor store productivity metrics and working capital efficiency.