Credo Brands Marketing Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Credo Brands Marketing (Mufti jeans) reported Q1 FY26 revenue from operations of ₹1,199.39 million, down about 3% from ₹1,238.87 million in Q1 FY25. Total income stood at ₹1,215.54 million versus ₹1,250.88 million a year ago. Net profit after tax fell sharply to ₹63.03 million from ₹97.70 million, a drop of roughly 35%, with EPS slipping to ₹0.97 from ₹1.52. The board fixed September 10, 2025 as the record date for a proposed dividend of ₹3 per share, subject to shareholder approval at the 26th AGM on September 22, 2025. The statutory auditor MSKC & Associates LLP issued an unmodified (clean) limited review report, noting that the previous year's Q1 figures were reviewed by a different auditor.
Weak quarter for shareholders — top line slipped and bottom line fell over a third year-on-year, while the dividend of ₹3 per share remains contingent on AGM approval. The change in statutory auditor since last year is worth monitoring but the clean review provides some comfort on reporting quality.