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NSE:MUFTI

CREDO BRANDS MARKETING L

Consumer Services › Retailing
₹67.90
at close · 27 Oct 2026
▼ 1.51 (-2.18%)

Latest filings

  1. Credo Brands files Reg 74(5) certificate; no demat requests in Q2 FY27 · Compliance
  2. Trading window closed from Oct 1 until Q2 FY26 results are announced · Compliance
  3. Credo Brands re-appoints Kamal Khushlani as Chairman and MD for 5 years · Management Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Retails mid-premium men's casual wear in India under the Mufti brand, which launched in 1998. Operates 429 exclusive brand outlets across 233 cities, supplemented by sales through multi-brand outlets, large-format stores, and an own e-commerce site. The omnichannel mix in FY26 was 54% EBO, 27% MBO, 11% online, 5% large-format stores, and 3% others. The business is in the middle of a 'Mufti 2.0' premiumisation programme, with 31 new-identity stores opened or renovated and same-store sales flat in Q4. Other operating expenses — dominated by advertising — are the largest cost line at 26.3% of revenue, with ad spend raised to ~8% of revenue in Q4 and guided to 9-10% in FY27. Cotton at INR 62,000/candy is flagged as a raw-material risk, with gross margin guided to the 56-58% range. FY26 revenue was INR 592.1 crore and net profit INR 47.4 crore.

Revenue mix · reported segments
Exclusive Brand Outlets (EBOs)54.0%
Multi-Brand Outlets (MBOs)27.0%
Online (own website + marketplaces)11.0%
Large-Format Stores (LFS)5.0%
Others3.0%
Operating scale
Exclusive Brand Outlets
429 stores across 233 citiesMarch 2026
Mufti 2.0 new-identity stores
31 opened/renovatedAs of Q4 FY26 call
Capex per new store (Mufti 2.0)
INR 40-45 lakhFY27 guidance
Loyalty programme members (Muftisphere)
2.5 million (~35-40% active)Q4 FY26
Average ticket size in EBOs
INR 5,200Q4 FY26
Website business growth
~75% YoYFY26
Who pays it
Indian consumers buying mid-premium men's casual apparel, served through company-owned exclusive brand outlets, third-party multi-brand retailers, large-format stores, and the company's own e-commerce site.
Biggest cost
Other operating expenses at 26.3% of revenue — dominated by advertising (raised to ~8% of revenue in Q4 FY26, guided to 9-10% in FY27); cotton raw-material cost flagged as a gross-margin risk.
Kind of business
Brand-led speciality retail of mid-premium men's casual wear, store-heavy with company-operated outlets but channel-diversified across EBOs, MBOs, LFS and online.
Where it sits
Mid-premium men's casual wear speciality retailer operating 429 exclusive brand outlets across 233 cities; the Mufti brand has been in the Indian market since 1998.
Market Cap
₹444 Cr
P / E (TTM)
6.4×
EV / EBITDA
2.1×
Div Yield
0.73%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
17.9%▲
ROCE (FY25)
ROE 16.7% · margin 30.1%
Leverage
0.00·
Debt / Equity · low
Net cash ₹44 Cr
Moves on a normal day
1.24%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 19 Speciality Retail peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#4/19
P/B#4/14
ROCE#6/20
ROE#4/14
Debt / Equity#3/14
EBITDA margin#4/14
Revenue growth#10/16
Profit growth#1/13

Scorecard

Measured from the filed financials, judged against its Speciality Retail peers · as of FY25 — not investment advice

Strengths
Returns on capital 17.9%
#6 of 20 in Speciality Retail on the latest reported figures
Debt at 0.00× equity
lower than 85% of its 14 Speciality Retail peers
Concerns
Heavy working capital — 186 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

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Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from CREDO BRANDS MARKETING L's filed financials and exchange disclosures

What does CREDO BRANDS MARKETING L do?

CREDO BRANDS MARKETING L is a Retailing company listed on NSE and BSE, trading under the symbol MUFTI.

Is CREDO BRANDS MARKETING L profitable?

Yes. Over the trailing twelve months CREDO BRANDS MARKETING L reported a net profit of ₹68 Cr on revenue of ₹618 Cr.

Does CREDO BRANDS MARKETING L pay a dividend?

Yes. The dividend yield is 0.73% at the current price. It paid out 5% of its profit as dividend in FY25.

Is CREDO BRANDS MARKETING L debt-free?

On a net basis, yes. It reported borrowings of ₹1.42 Cr on its 31 Mar 2025 balance sheet, but holds ₹44 Cr more cash than debt.

Is CREDO BRANDS MARKETING L expensive compared with its peers?

On trailing P/E, CREDO BRANDS MARKETING L ranks 4 of 19 in Speciality Retail — cheaper than 83% of them, against an industry median of 26.3×. This is a position, not a valuation judgement.

How much does the CREDO BRANDS MARKETING L share price move in a day?

On a typical session CREDO BRANDS MARKETING L moves 1.24% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track CREDO BRANDS MARKETING L's announcements?

Every NSE and BSE filing by CREDO BRANDS MARKETING L appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.