In continuation of our letter dated May 13, 2026, we wish to inform you that the Board of Directors of the Company, at its meeting held today, has inter alia 1. approved the Audited ....
MUFTI · price
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Credo Brands Marketing (MUFTI) reported FY2026 results with revenue declining 4.2% to ₹5,921 Mn from ₹6,182 Mn in prior year. Net profit after tax fell significantly to ₹474 Mn compared to ₹684 Mn last year, representing a ~31% decline. Profit before tax stood at ₹638 Mn versus ₹918 Mn previously. The company recorded an exceptional item of ₹13.97 Mn due to past service cost from new labor codes (wage definition change for gratuity). The Board recommended a dividend of ₹2 per share (100% of face value). Q4 standalone revenue grew 5.9% year-on-year to ₹1,623 Mn. Statutory auditors issued an unmodified opinion. The CMD, Mr. Kamal Khushlani, was reappointed for another 5-year term from March 2027.
The stock may face pressure due to significant profit decline and revenue contraction, despite Q4 showing sequential recovery. Dividend and clean audit provide some support, but the sharp PAT decline of 31% YoY could concern investors focused on earnings growth.