About
Credo Brands Marketing Limited engages in the retail of men's casual wear under the MUFTI brand in India. The company offers athleisure merchandise, shirts, jeans, cargos, polos, t-shirts, sweatshirts, sweaters, outerwear, blazers, chinos, and trousers, as well as authentic, relaxed, and urban casuals. It also operates an online shop for its products. The company sells its products through multi-brand and exclusive brand outlets, large format stores, and online channels comprising its website and e-commerce marketplaces. The company was founded in 1998 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap490 Cr
P/E7.08
Div Yield2.66 %
Book Value₹62.80
52w High₹130.00
52w Low₹63.10
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 125.27 | 162.30 | 146.13 | 163.73 | 119.94 | 153.21 | 155.52 | 185.57 | 123.89 | 133.08 | 150.14 | 165.62 | 118.49 |
| Expenses | 98.70 | 120.79 | 112.62 | 115.61 | 88.90 | 112.10 | 107.84 | 127.93 | 90.50 | 102.14 | 107.63 | 108.80 | 88.24 |
| Operating Profit | 26.57 | 41.51 | 33.51 | 48.12 | 31.04 | 41.11 | 47.68 | 57.64 | 33.39 | 30.94 | 42.51 | 56.82 | 30.25 |
| OPM % | 21.21 | 25.58 | 22.93 | 29.39 | 25.88 | 26.83 | 30.66 | 31.06 | 26.95 | 23.25 | 28.31 | 34.31 | 25.53 |
| Other Income | 2.10 | 4.22 | 1.71 | 1.91 | 1.62 | 2.87 | 1.48 | 0.52 | 1.20 | 1.46 | 1.05 | 1.18 | 0.94 |
| Depreciation | 19.24 | 18.78 | 18.99 | 18.38 | 18.23 | 18.56 | 18.06 | 16.50 | 15.43 | 16.15 | 16.18 | 15.39 | 14.51 |
| Interest | 6.29 | 6.34 | 6.54 | 6.39 | 6.20 | 6.48 | 6.61 | 6.30 | 6.10 | 6.40 | 6.66 | 5.63 | 5.37 |
| Profit before tax | 3.14 | 20.61 | 9.69 | 25.26 | 8.23 | 18.94 | 24.49 | 35.36 | 13.06 | 9.85 | 20.72 | 36.98 | 11.31 |
| Tax % | 27.39 | 26.06 | 27.55 | 25.30 | 23.45 | 26.98 | 25.07 | 25.14 | 25.11 | 28.63 | 24.81 | 24.34 | 24.14 |
| Net Profit | 2.29 | 15.23 | 7.02 | 18.87 | 6.30 | 13.83 | 18.35 | 26.46 | 9.77 | 7.03 | 15.59 | 27.97 | 8.57 |
| EPS in Rs | 0.35 | 2.33 | 1.07 | 2.89 | 0.96 | 2.12 | 2.81 | 4.07 | 1.51 | 1.09 | 2.42 | 4.35 | 1.33 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Sales | 592.00 | 618.00 | 567.00 | 498.00 | 341.00 | 293.00 | 450.00 | 395.00 |
| Expenses | 434.00 | 437.00 | 406.00 | 336.00 | 247.00 | 264.00 | 405.00 | 358.00 |
| Operating Profit | 158.00 | 181.00 | 161.00 | 162.00 | 94.00 | 29.00 | 45.00 | 37.00 |
| OPM % | 27.00 | 29.00 | 28.00 | 33.00 | 27.00 | 10.00 | 10.00 | 9.00 |
| Other Income | 6.00 | 5.00 | 4.00 | 13.00 | 13.00 | 1.00 | 1.00 | 1.00 |
| Interest | 25.00 | 26.00 | 24.00 | 18.00 | 15.00 | 5.00 | 7.00 | 2.00 |
| Depreciation | 74.00 | 69.00 | 62.00 | 53.00 | 46.00 | 13.00 | 13.00 | 11.00 |
| Profit before tax | 64.00 | 92.00 | 79.00 | 104.00 | 46.00 | 12.00 | 26.00 | 25.00 |
| Tax % | 26.00 | 26.00 | 25.00 | 25.00 | 26.00 | 23.00 | 41.00 | 32.00 |
| Net Profit | 47.00 | 68.00 | 59.00 | 77.00 | 34.00 | 9.00 | 15.00 | 17.00 |
| EPS in Rs | 7.25 | 10.47 | 9.17 | 240.89 | 105.73 | 29.01 | 48.46 | 53.76 |
| Dividend Payout % | 28.00 | 29.00 | 5.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13.00 | 13.00 | 13.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Reserves | 426.00 | 397.00 | 329.00 | 278.00 | 233.00 | 195.00 | 185.00 | 187.00 |
| Borrowings | 228.00 | 237.00 | 253.00 | 192.00 | 154.00 | 15.00 | 43.00 | 33.00 |
| Other Liabilities | 135.00 | 122.00 | 115.00 | 101.00 | 86.00 | 79.00 | 66.00 | 54.00 |
| Total Liabilities | 802.00 | 769.00 | 710.00 | 574.00 | 476.00 | 292.00 | 297.00 | 277.00 |
| Fixed Assets | 276.00 | 291.00 | 281.00 | 237.00 | 179.00 | 41.00 | 47.00 | 44.00 |
| CWIP | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 | 0.00 | 1.00 | 5.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 525.00 | 478.00 | 428.00 | 338.00 | 296.00 | 251.00 | 249.00 | 228.00 |
| Total Assets | 802.00 | 769.00 | 710.00 | 574.00 | 476.00 | 292.00 | 297.00 | 277.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 132.00 | 159.00 | 56.00 | 75.00 | 78.00 | 61.00 | 25.00 | 7.00 |
| Cash from Investing Activity | -35.00 | -20.00 | -35.00 | -21.00 | -28.00 | -7.00 | -14.00 | -19.00 |
| Cash from Financing Activity | -90.00 | -96.00 | -28.00 | -82.00 | -39.00 | -31.00 | -11.00 | 12.00 |
| Net Cash Flow | 7.00 | 44.00 | -6.00 | -28.00 | 11.00 | 24.00 | 0.00 | 0.00 |
| Free Cash Flow | 113.00 | 138.00 | 21.00 | 40.00 | 63.00 | 54.00 | 8.00 | -12.00 |
| CFO/OP % | 95.00 | 102.00 | 50.00 | 65.00 | 105.00 | 222.00 | 65.00 | 53.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 146.00 | 141.00 | 137.00 | 101.00 | 132.00 | 152.00 | 116.00 | 106.00 |
| Inventory Days | 163.00 | 141.00 | 189.00 | 195.00 | 163.00 | 175.00 | 114.00 | 142.00 |
| Days Payable | 40.00 | 35.00 | 33.00 | 73.00 | 91.00 | 103.00 | 43.00 | 41.00 |
| Cash Conversion Cycle | 269.00 | 246.00 | 293.00 | 223.00 | 204.00 | 224.00 | 186.00 | 208.00 |
| Working Capital Days | 146.00 | 150.00 | 145.00 | 134.00 | 125.00 | 167.00 | 117.00 | 117.00 |
| ROCE % | 14.00 | 19.00 | 19.00 | 28.00 | 20.00 | 8.00 | 15.00 | — |
Corporate Actions
2 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 10 Sep 2025 | 10 Sep 2025 | — | 3.00 | |
| Dividend | 21 Aug 2024 | 21 Aug 2024 | — | 0.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update20 Feb from care
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Rating update21 Feb 2025 from care
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Rating update21 Feb 2024 from care