The Board at its meeting held today has inter-alia recommended a Dividend of Rs. 2.00 per equity share of Rs. 2/- each for the financial year ended March 31, 2026.
MUFTI · price
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Credo Brands Marketing Ltd (brand: Mufti) reported FY2026 revenue of ₹5,921 million, down 4.2% from ₹6,182 million in FY2025. Net profit after tax fell 30.7% to ₹474 million from ₹684 million previously. EBITDA margin compressed from approximately 30.1% to 27.6% year-on-year. The Board recommended a dividend of ₹2 per share (100% of face value). An exceptional item of ₹13.97 million was recorded due to past service cost from new labour codes. Statutory auditors issued an unmodified (clean) opinion on the financial results. The company also approved re-appointment of Chairman and MD Mr. Kamal Khushlani for another five-year term.
The dividend provides shareholder return despite a challenging year with declining revenue and significant profit contraction. The clean audit opinion removes going-concern concerns. Margin compression indicates cost pressures that investors should monitor.