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.
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.