Credo Brands Marketing Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
MUFTI · price
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Credo Brands Marketing Limited (brand: Mufti), a men's casual wear retailer, reported audited standalone financial results for FY26. Revenue from operations declined to ₹5,921.03 million from ₹6,181.80 million in FY25, a drop of about 4.2%. Profit before tax fell significantly to ₹638.00 million from ₹918.30 million, while net profit after tax decreased to ₹474.24 million from ₹684.09 million (approximately 31% decline). The company recorded an exceptional item of ₹13.97 million due to past service cost from new labour codes impacting gratuity. Operating cash flow remained strong at ₹1,323.35 million. The Board recommended a dividend of ₹2 per share and approved re-appointment of Chairman Kamal Khushlani for another five years. Statutory auditors issued an unmodified (clean) opinion on the financial results.
The significant decline in revenue and profitability (over 30% drop in net profit) is a negative signal for shareholders. Despite strong operating cash flows and a clean audit opinion, the company's bottom-line contraction may pressure the stock price in the near term.