Credo Brands Q1 FY27 Revenue ₹125.3 Cr, PAT ₹2.3 Cr

Credo Brands Marketing Limited reported its unaudited financial results for Q1 FY27, with total revenue at ₹125.3 crore, a 5% increase year-on-year from ₹119.9 crore in Q1 FY26. Gross profit also grew 5% to ₹77.2 crore, maintaining a gross margin of 61.6%. However, EBITDA saw a 14% decline to ₹26.6 crore from ₹31.0 crore, resulting in a lower EBITDA margin of 21.2%. Profit After Tax (PAT) significantly decreased by 63% to ₹2.3 crore compared to ₹6.3 crore in the prior year's quarter. The company attributed the EBITDA dip to increased investments in brand building and marketing, which stood at 8.5% of revenue. Key operational highlights include 427 EBOs, a sales mix dominated by EBOs (61%), and a product mix led by shirts (47%). The company is progressing with its MUFTI 2.0 transformation, focusing on premiumization, store experience, and digital capabilities, including opening 5 new stores and closing 7 underperforming ones.