Credo Brands Marketing (Mufti) has released its audited standalone financial results for the quarter and year ended March 31, 2026. The company reported a net profit of ₹474.24 million for the full year, a decrease of 31% from ₹684.09 million in the previous year. Revenue from operations stood at ₹5,921.03 million, down from ₹6,181.80 million in the prior year. The board has recommended a final dividend of ₹2.00 per equity share for FY26, subject to shareholder approval.

Annual Financial Performance

The full-year results reflect a period of transition, with total income declining to ₹6,029.53 million from ₹6,242.59 million in the prior year, while total expenses rose to ₹5,377.56 million from ₹5,324.29 million. Profit before tax for the year stood at ₹638.00 million, compared to ₹918.30 million in the prior year. Total comprehensive income for the year was ₹475.64 million versus ₹686.10 million previously. Basic earnings per share fell to ₹7.26 from ₹10.54, while diluted earnings per share stood at ₹7.25 compared to ₹10.52. Paid-up equity share capital (face value ₹2 per share) was ₹130.74 million, with other equity at ₹4,255.26 million.

Q4 Performance

For the quarter ended March 31, 2026, Credo Brands delivered an improvement in profitability on a year-over-year basis. Net profit for the quarter came in at ₹152.30 million, compared to ₹138.28 million in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹1,623.04 million, up from ₹1,532.08 million year-on-year. Profit before tax for the quarter was ₹206.07 million versus ₹189.34 million in the corresponding prior-year period. Total comprehensive income for the quarter was ₹154.08 million compared to ₹139.75 million. EBITDA for the quarter was ₹415 million versus ₹411 million in the corresponding prior-year period, while EBITDA margin stood at 25.57% compared to 26.83% year-on-year.

Strategic Update

Commenting on the performance, Mr. Kamal Khushlani, Chairman & MD, stated that FY26 was a year of transition and disciplined execution. Despite challenging market conditions, the company focused on strengthening the brand through its "MUFTI 2.0" transformation. Q4 revenues reflected stability supported by better product mix and inventory management. The company invested approximately 8% of quarterly revenues in advertising to scale visibility. Sales from the company's own website grew by approximately 74% during FY26. The total number of Exclusive Brand Outlets (EBOs) stood at 429 stores as of March 31, 2026.

Board Decisions

The board approved the audited standalone financial statements and results for the quarter and year ended March 31, 2026. Based on the recommendation of the Nomination and Remuneration Committee, the board approved the re-appointment of Mr. Kamal Khushlani as Chairman and Managing Director for a period of five years, effective from March 08, 2027, subject to shareholder approval at the forthcoming Annual General Meeting.

Credo Brands Marketing Limited has received a confirmation from its promoter, Kamal Khushlani, regarding the status of share encumbrances for the financial year ended March 31, 2026. The disclosure was submitted to the stock exchanges in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Disclosure Details

The confirmation, addressed to BSE Limited and the National Stock Exchange of India Limited, states that the promoters and the promoter group, along with persons acting in concert (PAC), have not made any encumbrance on shares, directly or indirectly, during the specified period. The letter was signed by Kamal Khushlani on April 03, 2026.

Regulatory Compliance

The disclosure was made to ensure transparency and adherence to regulatory requirements concerning substantial acquisitions of shares and takeovers. The company has requested the exchanges to take the confirmation on record and acknowledge receipt.

A copy of the disclosure has also been forwarded to the Chairman of the Audit Committee of Credo Brands Marketing (Mufti) .