Latest news about Credo Brands Marketing (Mufti)
Credo Brands Marketing (Mufti)
87.34
-2.04(-2.28%)
Company Performance:
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More news about Credo Brands Marketing (Mufti)
16Feb 26
Credo Brands Marketing Q3 FY26 Results: Revenue Declines 6.4% Amid MUFTI 2.0 Transformation
Credo Brands Marketing reported Q3 FY26 revenue decline of 6.4% to ₹146.1 crores amid ongoing MUFTI 2.0 transformation. Despite challenging market conditions, the company maintained EBITDA margin at 22.9% and improved working capital days to 179 from 217. The company opened 12 new premium stores during the quarter and plans to increase advertising spend to 8-10% of revenue to support brand premiumization efforts.
09Feb 26
Credo Brands Marketing Reports Q3FY26 Results with Revenue of ₹146.1 Crore
Credo Brands Marketing Limited announced Q3FY26 results showing revenue decline to ₹146.1 crore from ₹155.5 crore YoY, with significant margin compression across all metrics. The company is executing MUFTI 2.0 transformation strategy with premiumization initiatives and increased digital marketing investments, while facing headwinds from muted industry conditions and GST reform impacts.
15Nov 25
Credo Brands Marketing Reports Revenue Decline Amid Supply Chain Disruptions and Increased Marketing Spend in Q2 FY26
Credo Brands Marketing, owner of MUFTI brand, reported a revenue decline in Q2 and H1 FY26 due to supply chain disruptions and reduced footfall. Q2 revenue fell to INR 164.00 crores from INR 186.00 crores in Q2 FY25. H1 FY26 revenue was INR 284.00 crores, down from INR 310.00 crores in H1 FY25. Despite this, EBITDA margins held at 28% and gross profit margin improved by 200 bps to 59%. The company increased marketing spend to 5% of revenue, opened 5 new premium stores, and saw online sales double year-on-year in H1 FY26. Working capital days increased to 217 days. Management expects Q3 growth and a return to overall growth trajectory next year, maintaining EBITDA guidance of 27-30%.
07Nov 25
Credo Brands Targets 15-18% Annual Growth with Retail Expansion in Tier 2-3 Cities
Credo Brands Marketing, owner of MUFTI, plans to open over 100 new stores in three years, targeting 15-18% annual growth. The company reported a revenue decline of 11.77% and a 28.68% drop in net profit for Q2 FY26. Despite challenges, Credo Brands is focusing on premium store expansion, digital growth, and increased marketing investments. The company aims for a 20% margin expansion through cost efficiency and brand premiumization.
07Nov 25
Credo Brands Marketing Reports Decline in Q2 Financial Performance
Credo Brands Marketing, known for its men's casual wear brand Mufti, reported a decline in financial performance for Q2 FY2025-26. Revenue from operations decreased by 11.8% to ₹1,637.26 million. Net profit after tax fell by 28.7% to ₹188.72 million. EBITDA decreased to ₹482.00 million, with the EBITDA margin compressing to 29.44%. The company's cash and cash equivalents declined to ₹216.71 million at the end of the six-month period.
01Aug 25
CREDO Brands Reports Steady Q1 Performance, Unveils Premium Expansion Strategy
Credo Brands Marketing, owner of MUFTI, reported Q1 FY24 results with revenue at ₹119.90 crore (-3.23% YoY) and net profit at ₹6.30 crore (-35.71% YoY). The company announced a growth strategy focusing on premiumization and digital expansion. Plans include opening 20 new premium flagship stores, intensifying digital marketing efforts, and adopting an omnichannel approach. Despite current market softness, especially in Tier 2 and 3 markets, the company is increasing marketing investment to 6-7% of revenue, aiming to strengthen its position in the premium fashion segment.
01Aug 25
Credo Brands Marketing Reports Decline in Q1 Profitability Despite Stable Revenue
Credo Brands Marketing, the company behind MUFTI, reported a net profit of ₹63.00 million in Q1, down from ₹98.00 million last year. Revenue remained stable at ₹1.20 billion. EBITDA decreased to ₹310.00 million with a margin of 25.85%. The company expanded to 444 Exclusive Brand Outlets across 247 locations. Sales mix: EBOs 63%, MBOs 17%, Online 11%. Product mix: Bottomwear 43%, Shirts 41%. The company is focusing on premiumization and digital transformation, planning to open premium flagship stores and enhance digital marketing. A dividend of ₹3.00 per share was proposed.
22May 25
Credo Brands Marketing Reports Strong Q4 Results, Recommends Dividend
Credo Brands Marketing Ltd. reported impressive Q4 financial results with net profit rising to ₹138.00 crore from ₹71.00 crore year-over-year. Revenue increased to ₹1,500.00 crore, up 12.78% from the previous year. EBITDA grew to ₹411.00 crore, a 33.01% increase, with EBITDA margin expanding to 27.40%. The company recommended a dividend of ₹3.00 per equity share.
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