| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 155.52 | 16.2% |
| Total Income | 156.99 | 15.6% |
| Expenditure | 132.54 | 12.1% |
| PBT | 24.45 | 30.9% |
| Net Profit | 18.31 | 30.8% |
| OPM | -1.09% | 7.57pp |
| NPM | 11.66% | 2.56pp |
| EPS | 2.81 | 31.5% |
Credo Brands Marketing Ltd Reports 4% YoY Revenue Growth and 17% YoY PAT Growth in Q3 FY25
01 Feb 2025 · 1 Feb 2025, 01:24 am
Summary
Credo Brands Marketing Ltd, a leading player in the men’s casual wear market, has announced its unaudited financial results for the quarter and nine months ended 31st December 2024. The company reported a 4% YoY increase in revenue, 210 basis points expansion in gross margins, and a 17% YoY growth in PAT for Q3 FY25. During 9M FY25, revenues grew by 7% to Rs. 465 crores, EBITDA grew by 7% to Rs. 139 crores, and PAT grew by 5% to Rs. 55 crores. The company has been focusing on managing inventory levels efficiently and reducing working capital days, which has resulted in a successful reduction from 77 days in March 2024 to 66 days as of December 2024. The company has opened 27 new stores on a gross basis in 9M FY25, taking the total count to 435 stores across 243 cities in India.
Key Highlights
- 1
Revenue growth of 4% in Q3 FY25
- 2
Gross margins expanded by 210 basis points to 61.9% in Q3 FY25
- 3
EBITDA increased by 12% YoY and PAT grew by 17% YoY in Q3 FY25
- 4
Revenues, EBITDA, and PAT grew by 7%, 7%, and 5% respectively during 9M FY25
- 5
Inventory days decreased from 77 days in March 2024 to 66 days as of December 2024
- 6
Opened 27 new stores on a gross basis in 9M FY25, taking the total count to 435 stores
Management Comments
Mr. Kamal Khushlani
Chairman & MD, Credo Brands Marketing Limited
Our commitment to achieving profitable growth is demonstrated as we delivered a decent Q3 FY25, with revenue growing by 4% and gross margins expanding by 210 basis points to 61.9%, despite subdued demand for premium and mid-premium branded apparel due to factors such as reduced discretionary spending and weaker consumer sentiment impacting overall industry consumption. Our cost optimization initiatives have helped us effectively manage expenses, resulting in a 12% YoY increase in EBITDA and a 17% YoY growth in PAT for the quarter.
Informational and educational content only. Not investment advice.