General information about company
Scrip code*		544058
NSE Symbol*		MUFTI
MSEI Symbol*		NOTLISTED
ISIN*		INE220Q01020
Name of company		CREDO BRANDS MARKETING LIMITED
Type of company		Main Board
Class of security		Equity
Date of start of financial year		01-04-2024
Date of end of financial year		31-03-2025
Date of board meeting when results were approved		22-05-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange		17-05-2025
Description of presentation currency		INR
Level of rounding		Millions
Reporting Type		Quarterly
Reporting Quarter		Fourth quarter
Nature of report standalone or consolidated		Standalone
Whether results are audited or unaudited for the quarter ended		Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended		Audited
Segment Reporting		Single segment
Description of single segment		Retailing of men’s casual wear
Start date and time of board meeting		22-05-2025 18:15
End date and time of board meeting		22-05-2025 19:00
Whether cash flow statement is applicable on company		Yes
Type of cash flow statement		Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification		Declaration of unmodified opinion
Whether the company has any related party?		Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?		Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public		NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of bank’s staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.		NA
(III) Whether the company is a ‘high value debt listed entity’ according to regulation 15 (1A)?		No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?		Yes
Latest Date on which RPT policy is updated		25-03-2025
Indicate Company website link for updated RPT policy of the Company		https://www.credobrands.in/wp-content/uploads/2025/04/Policy-on-Materiality-of-and-Dealing-with-Related-Party-Transactions.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?		No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No	Not Applicable

Financial Results – Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-01-2025	01-04-2024
Date of end of reporting period		31-03-2025	31-03-2025
Whether results are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	1532.08	6181.8
	Other income	28.74	60.79
	Total income	1560.82	6242.59
2	Expenses
(a)	Cost of materials consumed	37.55	151.94
(b)	Purchases of stock-in-trade	622.89	2271.97
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	44.12	218.84
(d)	Employee benefit expense	84.63	320.58
(e)	Finance costs	64.84	254.78
(f)	Depreciation, depletion and amortisation expense	185.64	685.65
(g)	Other Expenses
1	Aggregate of Other Expenses	331.81	1420.53
	Total other expenses	331.81	1420.53
	Total expenses	1371.48	5324.29
3	Total profit before exceptional items and tax	189.34	918.3
4	Exceptional items	0	0
5	Total profit before tax	189.34	918.3
6	Tax expense
7	Current tax	68.07	275.11
8	Deferred tax	-17.01	-40.9
9	Total tax expenses	51.06	234.21
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	138.28	684.09
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	138.28	684.09
17	Other comprehensive income net of taxes	1.47	2.01
18	Total Comprehensive Income for the period	139.75	686.1
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	130.62	130.62
	Face value of equity share capital	2	2
22	Reserves excluding revaluation reserve		3971.16
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	2.13	10.54
	Diluted earnings (loss) per share from continuing operations	2.13	10.52
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
iii	Earnings per equity share (for continuing and discontinued operations)
	Basic earnings (loss) per share from continuing and discontinued operations	2.13	10.54
	Diluted earnings (loss) per share from continuing and discontinued operations	2.13	10.52
24	Debt equity ratio			Textual Information( 1)
25	Debt service coverage ratio			Textual Information( 2)
26	Interest service coverage ratio			Textual Information( 3)
27	Disclosure of notes on financial results	Textual Information(4)

Text Block

Textual Information(4)

Notes:

1 The Standalone Financial Results for the quarter and year ended March 31, 2025 were reviewed by the Audit Committee and were approved by the Board of Directors in its meeting held on May 22, 2025. The Statutory Auditors have audited the Standalone Financial Results for the year ended March 31, 2025 and have expressed an unmodified opinion thereon.

2 The Standalone Financial Results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”) prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules thereunder and the terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

3 The figures for the quarter ended March 31, 2025 and March 31, 2024 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year and previous financial year respectively which were subject to limited review by the respective Statutory Auditors.

4 The Standalone Statement of Assets and Liabilities as at March 31, 2025 and Standalone Statement of Cash flows for the year ended March 31, 2025 are annexed.

5 During the quarter under review, the Company has allotted an aggregate of 1,20,000 Equity Shares of Rs. 2/- each to the eligible employees of the Company upon exercise of Stock Options under the Credo Stock Option Plan 2020 of the Company.

6 "During the quarter ended December 31, 2023, the Company has completed its Initial Public Offer (“IPO”) of 19,634,960 equity shares of face value of Rs. 2/- each at an Issue price of Rs. 280/- per share (Including share premium of Rs. 278/- per share), comprising of offer for sale of 19,634,960 equity shares by Selling Shareholders aggregating to Rs. 5,497.79 million. Pursuant to the IPO, the equity shares of the Company were listed on the National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”) with effect from December 27, 2023.

Pursuant to Section 28(3) and other applicable provisions of the Companies Act, 2013, all expenses (except listing fees) incurred in connection with IPO, would be borne by the Selling Shareholders. The Company has set aside Rs. 414.00 million in the separate escrow account from offer for sales proceeds towards offer expense. As on reporting date, a balance of Rs. 23.28 million is lying in the escrow account."

7 The Board of Directors has recommended a final dividend of Rs. 3 per share of face value of Rs. 2/- each for the financial year 2024-25, subject to the approval of the Shareholders in the ensuing Annual General Meeting.

8 Based on the "management approach" as defined in Ind AS 108-Operating Segments, the Chief Operating Decision Maker evaluates the Company's performance as a single business segment namely retailing of men’s casual wear.

9 "During the current financial year, KAPS Mercantile Private Limited (“KMPL”, a wholly owned subsidiary of the Company) had filed an application for Striking off it's name from the Register of Companies, under Section 248(2) of the Companies Act, 2013, on January 21, 2025. Subsequently, the name of KMPL has been struck off from the Register of Companies w.e.f. April 23, 2025 as per the Form STK-7 received by the company and KMPL is hence dissolved subsequent to the balance sheet date.

The value of the Investment held by the Company in KMPL, has already been fully impaired in the financial year 2022-23. Hence, there would be no financial impact in the books of account of the Company, although the investment shall be written off in the books of accounts in financial year 2025-26 being the year in which the actual Form STK-7 has been received giving effect to the Strike Off and dissolution of KMPL."

10 Figures for the previous periods / year have been regrouped / reclassified wherever necessary to make them comparable.

11 These financial results are available on the website of the Company viz. www.credobrands.in and on the website of BSE Limited ("BSE") (www.bseindia.com) and National Stock Exchange of India Limited ("NSE") (www.nseindia.com).

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2024
Date of end of reporting period		31-03-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	745.49
	Capital work-in-progress	7.04
	Investment property	15.9
	Goodwill	0
	Other intangible assets	1.25
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	2460.42
	Total non-current financial assets	2460.42
	Deferred tax assets (net)	306.86
	Other non-current assets	5.49
	Total non-current assets	3542.45
2	Current assets
	Inventories	1018.16
	Current financial asset
	Current investments	0
	Trade receivables, current	2391.21
	Cash and cash equivalents	452.3
	Bank balance other than cash and cash equivalents	1.62
	Loans, current	0
	Other current financial assets	83.23
	Total current financial assets	2928.36
	Current tax assets (net)	0
	Other current assets	203.33
	Total current assets	4149.85
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	7692.3
	Total current assets	4149.85
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	7692.3
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	130.62
	Other equity	3971.16
	Total equity attributable to owners of parent	4101.78
	Non controlling interest
	Total equity	4101.78
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	10.74
	Trade Payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities
	Total non-current financial liabilities	10.74
	Provisions, non-current	38.02
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	2393.3
	Total non-current liabilities	2442.06
	Current liabilities
	Current financial liabilities
	Borrowings, current	3.42
	Trade Payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	79.84
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	176.09
	Total Trade payable	255.93
	Other current financial liabilities	387.48
	Total current financial liabilities	646.83
	Other current liabilities	459.86
	Provisions, current	22.82
	Current tax liabilities (Net)	18.95
	Deferred government grants, Current	0
	Total current liabilities	1148.46
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	3590.52
	Total equity and liabilities	7692.3
	Disclosure of notes on assets and liabilities	Textual Information(1)

Other Comprehensive Income
Date of start of reporting period		01-01-2025	01-04-2024
Date of end of reporting period		31-03-2025	31-03-2025
Whether results are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Re-measurement gain or loss on defined benefit liability	1.97	2.69
	Total Amount of items that will not be reclassified to profit and loss	1.97	2.69
2	Income tax relating to items that will not be reclassified to profit or loss	0.50	0.68
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income	1.47	2.01

Cash flow statement, indirect
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2024
Date of end of reporting period		31-03-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
Part I	Blue color marked fields are non-mandatory.
1	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax	918.3
2	Adjustments for reconcile profit (loss)
	Adjustments for finance costs	230.68
	Adjustments for decrease (increase) in inventories	231.23
	Adjustments for decrease (increase) in trade receivables, current	-270.53
	Adjustments for decrease (increase) in trade receivables, non-current	0
	Adjustments for decrease (increase) in other current assets	-19.51
	Adjustments for decrease (increase) in other non-current assets	45.93
	Adjustments for other financial assets, non-current	0
	Adjustments for other financial assets, current	9.23
	Adjustments for other bank balances	0
	Adjustments for increase (decrease) in trade payables, current	38.58
	Adjustments for increase (decrease) in trade payables, non-current	0
	Adjustments for increase (decrease) in other current liabilities	44.8
	Adjustments for increase (decrease) in other non-current liabilities	0
	Adjustments for depreciation and amortisation expense	685.65
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss	0
	Adjustments for provisions, current	-25.37
	Adjustments for provisions, non-current	0
	Adjustments for other financial liabilities, current	-20.15
	Adjustments for other financial liabilities, non-current	0
	Adjustments for unrealised foreign exchange losses gains	0
	Adjustments for dividend income	0
	Adjustments for interest income	27
	Adjustments for share-based payments	5.76
	Adjustments for fair value losses (gains)	0
	Adjustments for undistributed profits of associates	0
	Other adjustments for which cash effects are investing or financing cash flow	6.74
	Other adjustments to reconcile profit (loss)	0
	Other adjustments for non-cash items	-9.33
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships	0
	Total adjustments for reconcile profit (loss)	926.71
	Net cash flows from (used in) operations	1845.01
	Dividends received	0
	Interest paid	0
	Interest received	0
	Income taxes paid (refund)	253.81
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) operating activities	1591.2
3	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses	0
	Cash flows used in obtaining control of subsidiaries or other businesses	0
	Other cash receipts from sales of equity or debt instruments of other entities	0
	Other cash payments to acquire equity or debt instruments of other entities	0
	Other cash receipts from sales of interests in joint ventures	0
	Other cash payments to acquire interests in joint ventures	0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships	0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships	0
	Proceeds from sales of property, plant and equipment	1.53
	Purchase of property, plant and equipment	213.05
	Proceeds from sales of investment property	0
	Purchase of investment property	0
	Proceeds from sales of intangible assets	0
	Purchase of intangible assets	0.4
	Proceeds from sales of intangible assets under development	0
	Purchase of intangible assets under development	0
	Proceeds from sales of goodwill	0
	Purchase of goodwill	0
	Proceeds from biological assets other than bearer plants	0
	Purchase of biological assets other than bearer plants	0
	Proceeds from government grants	0
	Proceeds from sales of other long-term assets	0
	Purchase of other long-term assets	0
	Cash advances and loans made to other parties	0
	Cash receipts from repayment of advances and loans made to other parties	0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts	0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts	0
	Dividends received	0
	Interest received	17.06
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	-2.18
	Net cash flows from (used in) investing activities	-197.04
4	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries	0
	Payments from changes in ownership interests in subsidiaries	0
	Proceeds from issuing shares	26
	Proceeds from issuing other equity instruments	0
	Payments to acquire or redeem entity's shares	0
	Payments of other equity instruments	0
	Proceeds from exercise of stock options	0
	Proceeds from issuing debentures notes bonds etc	0
	Proceeds from borrowings	0
	Repayments of borrowings	361.19
	Payments of lease liabilities	556.41
	Dividends paid	32.48
	Interest paid	34.26
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) financing activities	-958.34
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes	435.82
5	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents	0
	Net increase (decrease) in cash and cash equivalents	435.82
	Cash and cash equivalents cash flow statement at beginning of period	16.48
	Cash and cash equivalents cash flow statement at end of period	452.3

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.

Sr. No.

Details of the party (listed entity /subsidiary) entering into the transaction

Details of the counterparty

Type of related party transaction

Details of other related party transaction

Value of the related party transaction as approved by the audit committee

Remarks on approval by audit committee

Value of the related party transaction ratified by the audit committee

Date of Audit Committee Meeting where the ratification was approved

Value of transaction during the reporting period

In case monies are due to either party as a result of the transaction

In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments

Details of the loans, inter-corporate deposits, advances or investments

Name

PAN

Name

PAN

Relationship of the counterparty with the listed entity or its subsidiary

Opening balance

Closing balance

Nature of indebtedness (loan/ issuance of debt/ any other etc.)

Details of other indebtedness

Cost

Tenure

Nature (loan/ advance/ intercorporate deposit/ investment)

Interest Rate (%)

Tenure

Secured/ unsecured

Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)

Notes

Credo Brands Marketing Limited

Amer Jaleel

Director

Any other transaction

Sitting Fees

0.75

None

0.28

Credo Brands Marketing Limited

Paresh Bambolkar

Director

Any other transaction

Sitting Fees

0.75

None

0.23

Credo Brands Marketing Limited

Ramona Jogeshwar

Director

Any other transaction

Sitting Fees

0.88

None

0.18

Credo Brands Marketing Limited

Manoj Nakra

Director

Any other transaction

Sitting Fees

0.73

None

0.23

Credo Brands Marketing Limited

Kamal Khushlani

Promoter

Remuneration

36.9

None

26.64

7.8

Credo Brands Marketing Limited

Andrew Khushlani

Promoter Group

Remuneration

0.87

None

0.73

0.09

0.07

Credo Brands Marketing Limited

Sonakshi Khushlani

Promoter Group

Remuneration

1.11

None

0.96

0.12

0.11

Credo Brands Marketing Limited

Poonam Khushlani

Promoter

Remuneration

3.98

None

2.52

0.31

0.16

Credo Brands Marketing Limited

Rasik Mittal

Chief Financial Officer

Remuneration

11.28

None

10.23

0.59

3.23

Credo Brands Marketing Limited

Sanjay Kumar Mutha

Company Secretary

Remuneration

4.24

None

3.25

0.32

0.67

Credo Brands Marketing Limited

KAPS Mercantile Private Limited

Subsidiary Company

Any other transaction

Reimbursement of Expenses

0.98

None

-0.04

Credo Brands Marketing Limited

SmartGlobal Solutions and Services

Entity controled by Director

Purchase of goods or services

2.44

None

1.56

0.29

0.31

Total value of transaction during the reporting period

46.81

Details of Impact of Audit Qualification
Whether results are audited or unaudited		Audited
Declaration of unmodified opinion or statement on impact of audit qualification		Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results		Yes
	Audit firm's name	Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI	Certificate valid upto
1	M S K C & ASSOCIATES LLP	Yes	30-09-2026

General information about company

Financial Results – Ind-AS

Text Block

Statement of Asset and Liabilities

Other Comprehensive Income

Cash flow statement, indirect

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Details of Impact of Audit Qualification