The Board at its meeting held today approved Audited Standalone Financial Results for the quarter and year ended March 31, 2026
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Credo Brands Marketing (MUFTI) reported FY26 revenue of ₹5,921 million, down 4.2% from ₹6,182 million in FY25, marking a revenue decline. Net profit fell 30.7% to ₹474 million from ₹684 million, impacted by an exceptional item of ₹13.97 million related to new labour code implementation. Q4 standalone revenue grew 5.9% YoY to ₹1,623 million with PAT at ₹152 million. The Board recommended a dividend of ₹2 per share (face value ₹2). Statutory auditors issued an unmodified opinion confirming clean financials. The company also approved re-appointment of promoter Chairman & MD Kamal Khushlani for another 5-year term from March 2027.
The full-year profit decline despite Q4 recovery signals ongoing challenges in the apparel retail segment. The revenue decline and ~31% drop in PAT are negatives for shareholders, though the dividend declaration and clean audit provide some support.