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		01-04-2025
Date of end of financial year		31-03-2026
Date of board meeting when results were approved		07-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange		02-11-2025
Description of presentation currency		INR
Level of rounding		Millions
Reporting Type		Quarterly
Reporting Quarter		Second quarter
Nature of report standalone or consolidated		Standalone
Whether results are audited or unaudited for the quarter ended		Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended		Unaudited
Segment Reporting		Single segment
Description of single segment		Retailing of men’s casual wear
Start date and time of board meeting		07-11-2025 16:45
End date and time of board meeting		07-11-2025 17:45
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		01-07-2025	01-04-2025
Date of end of reporting period		30-09-2025	30-09-2025
Whether results are audited or unaudited		Unaudited	Unaudited
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	1637.26	2836.65
	Other income	19.11	35.26
	Total income	1656.37	2871.91
2	Expenses
(a)	Cost of materials consumed	19.54	67.6
(b)	Purchases of stock-in-trade	573.7	1140.11
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	108.28	-44.84
(d)	Employee benefit expense	89.33	173.2
(e)	Finance costs	63.94	125.92
(f)	Depreciation, depletion and amortisation expense	183.76	366.03
(g)	Other Expenses
1	Aggregate	365.19	708.91
	Total other expenses	365.19	708.91
	Total expenses	1403.74	2536.93
3	Total profit before exceptional items and tax	252.63	334.98
4	Exceptional items	0	0
5	Total profit before tax	252.63	334.98
6	Tax expense
7	Current tax	82.58	106.31
8	Deferred tax	-18.67	-23.08
9	Total tax expenses	63.91	83.23
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	188.72	251.75
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	188.72	251.75
17	Other comprehensive income net of taxes	-0.18	-0.28
18	Total Comprehensive Income for the period	188.54	251.47
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	130.74	130.74
	Face value of equity share capital	2	2
22	Reserves excluding revaluation reserve
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	2.89	3.86
	Diluted earnings (loss) per share from continuing operations	2.89	3.86
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	2.89	3.86
	Diluted earnings (loss) per share from continuing and discontinued operations	2.89	3.86
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 Financial Results for the quarter and six months ended September 30, 2025 were reviewed by the Audit Committee and were approved by the Board of Directors in its meeting held on November 7, 2025. The Statutory Auditors have conducted limited review on these Financial Results.

2 The 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 Unaudited Statement of Assets and Liabilities as at September 30, 2025 and Unaudited Statement of Cash Flow Statement for the period ended September 30, 2025 are annexed.

4 During the quarter ended December 31, 2023, the Company had 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, were borne by the Selling Shareholders. The Company had set aside Rs. 414.00 million in the separate escrow account from offer for sales proceeds towards offer expense. All offer-related expenses have been paid from the said escrow account and remaining amount lying thereunder was transferred to the Selling Shareholders. As on reporting date, there is no balance lying in the escrow account.

5 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.

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

For Credo Brands Marketing Limited
Kamal Khushlani
Chairman and Managing Director
DIN_00638929.
Place_Mumbai
Date_November 7, 2025

Statement of Asset and Liabilities
Particulars		Half Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2025
Date of end of reporting period		30-09-2025
Whether results are audited or unaudited		Unaudited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	685.74
	Capital work-in-progress	1.28
	Investment property	15.71
	Goodwill	0
	Other intangible assets	0.83
	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	199.75
	Total non-current financial assets	199.75
	Deferred tax assets (net)	330.03
	Other non-current assets	2313.88
	Total non-current assets	3547.22
2	Current assets
	Inventories	1052.47
	Current financial asset
	Current investments	0
	Trade receivables, current	2690.07
	Cash and cash equivalents	216.71
	Bank balance other than cash and cash equivalents	1.62
	Loans, current	0
	Other current financial assets	44.24
	Total current financial assets	2952.64
	Current tax assets (net)	0
	Other current assets	217.57
	Total current assets	4222.68
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	7769.9
	Total current assets	4222.68
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	7769.9
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	130.74
	Other equity	4029.99
	Total equity attributable to owners of parent	4160.73
	Non controlling interest
	Total equity	4160.73
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	8.9
	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	2371.12
	Total non-current financial liabilities	2380.02
	Provisions, non-current	39.21
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	2419.23
	Current liabilities
	Current financial liabilities
	Borrowings, current	3.57
	Trade Payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	66.21
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	161.33
	Total Trade payable	227.54
	Other current financial liabilities	454.71
	Total current financial liabilities	685.82
	Other current liabilities	476.07
	Provisions, current	24.61
	Current tax liabilities (Net)	3.44
	Deferred government grants, Current
	Total current liabilities	1189.94
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	3609.17
	Total equity and liabilities	7769.9
	Disclosure of notes on assets and liabilities	Textual Information(1)

Other Comprehensive Income
Date of start of reporting period		01-07-2025	01-04-2025
Date of end of reporting period		30-09-2025	30-09-2025
Whether results are audited or unaudited		Unaudited	Unaudited
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
	Total Amount of items that will not be reclassified to profit and loss
2	Income tax relating to items that will not be reclassified to profit or loss	0.24	0.37
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	-0.06	-0.09
5	Total Other comprehensive income	-0.18	-0.28

Cash flow statement, indirect
Particulars		Half Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2025
Date of end of reporting period		30-09-2025
Whether results are audited or unaudited		Unaudited
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	334.98
2	Adjustments for reconcile profit (loss)
	Adjustments for finance costs	116.25
	Adjustments for decrease (increase) in inventories	-34.31
	Adjustments for decrease (increase) in trade receivables, current	-298.86
	Adjustments for decrease (increase) in trade receivables, non-current	0
	Adjustments for decrease (increase) in other current assets	-14.24
	Adjustments for decrease (increase) in other non-current assets	12.15
	Adjustments for other financial assets, non-current	14.27
	Adjustments for other financial assets, current	0
	Adjustments for other bank balances	0
	Adjustments for increase (decrease) in trade payables, current	-28.42
	Adjustments for increase (decrease) in trade payables, non-current	0
	Adjustments for increase (decrease) in other current liabilities	24.63
	Adjustments for increase (decrease) in other non-current liabilities	0
	Adjustments for depreciation and amortisation expense	366.03
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss	0
	Adjustments for provisions, current	0
	Adjustments for provisions, non-current	2.61
	Adjustments for other financial liabilities, current	0
	Adjustments for other financial liabilities, non-current	-15
	Adjustments for unrealised foreign exchange losses gains	0
	Adjustments for dividend income	0
	Adjustments for interest income	21.9
	Adjustments for share-based payments	1.71
	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	1.55
	Other adjustments to reconcile profit (loss)	0
	Other adjustments for non-cash items	-6.94
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships	0
	Total adjustments for reconcile profit (loss)	119.53
	Net cash flows from (used in) operations	454.51
	Dividends received	0
	Interest paid	0
	Interest received	0
	Income taxes paid (refund)	130.5
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) operating activities	324.01
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	0.07
	Purchase of property, plant and equipment	50.88
	Proceeds from sales of investment property	0
	Purchase of investment property	0
	Proceeds from sales of intangible assets	0
	Purchase of intangible assets	0.1
	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	14.15
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	9.34
	Net cash flows from (used in) investing activities	-27.42
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	0
	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	1.87
	Proceeds from issuing debentures notes bonds etc	0
	Proceeds from borrowings	0
	Repayments of borrowings	1.69
	Payments of lease liabilities	323.6
	Dividends paid	195.85
	Interest paid	12.91
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) financing activities	-532.18
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-235.59
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	-235.59
	Cash and cash equivalents cash flow statement at beginning of period	452.3
	Cash and cash equivalents cash flow statement at end of period	216.71

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

None

0.2

Credo Brands Marketing Limited

Paresh Bambolkar

Director

Any other transaction

Sitting Fees

None

0.18

Credo Brands Marketing Limited

Ramona Jogeshwar

Director

Any other transaction

Sitting Fees

None

0.18

Credo Brands Marketing Limited

Manoj Nakra

Director

Any other transaction

Sitting Fees

None

0.23

Credo Brands Marketing Limited

Kamal Khushlani

Promoter

Remuneration

None

15.84

7.8

4.26

Credo Brands Marketing Limited

Andrew Khushlani

Promoter Group

Remuneration

2.1

None

0.83

0.07

-0.08

Credo Brands Marketing Limited

Sonakshi Khushlani

Promoter Group

Remuneration

2.1

None

0.73

0.11

0.33

Credo Brands Marketing Limited

Poonam Khushlani

Promoter

Remuneration

6.5

None

2.52

0.16

0.18

Credo Brands Marketing Limited

Rasik Mittal

Chief Financial Officer

Remuneration

None

10.53

3.23

1.67

Credo Brands Marketing Limited

Sanjay Kumar Mutha

Company Secretary

Remuneration

None

3.22

0.67

0.28

Credo Brands Marketing Limited

SmartGlobal Solutions and Services

Entity controled by Director

Purchase of goods or services

4.8

None

2.4

0.31

0.44

Total value of transaction during the reporting period

36.86

Details of Impact of Audit Qualification
Whether results are audited or unaudited		Unaudited
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