Credo Brands Marketing Ltd

Credo Brands Marketing Ltd announced that its shareholders, at the Annual General Meeting held on September 11, 2026, approved the reappointment of Mr. Kamal Khushlani as Chairman and Managing Director. His new term will be for five years, commencing from March 08, 2027, and concluding on March 07, 2032. Mr. Khushlani, a promoter, has been instrumental in building the 'Mufti' brand and possesses over 34 years of experience in the apparel industry. He is not related to any other director, except for Mrs. Poonam Khushlani, a Whole-time Director.

Credo Brands Marketing Ltd is providing shareholders without registered email IDs access to the 27th Annual General Meeting notice and FY 2025-26 Annual Report via a weblink and QR code. This complies with SEBI regulations. The AGM is scheduled for September 11, 2026. Key dates include August 28, 2026, for TDS exemption forms and the record date for final dividend, with e-voting from September 8-10, 2026. Shareholders are advised to update KYC and can register email IDs for future communications. TDS will be applicable on dividends.

Credo Brands Marketing Ltd has announced its 27th Annual General Meeting (AGM) scheduled for September 11, 2026. The AGM will be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM) starting at 12:30 P.M. (IST). The company will present the Audited Financial Statement for FY 2025-26, along with the Board and Auditor reports. A dividend of ₹2.00 per equity share for FY 2025-26 is proposed for declaration. Additionally, Mrs. Poonam Khushlani is proposed for re-appointment as a Director, and Mr. Kamal Khushlani for re-appointment as Chairman and Managing Director for a term of five years.

Credo Brands Marketing Ltd has announced its 27th Annual General Meeting (AGM) will be held on Friday, September 11, 2026, at 12:30 PM IST via Video Conferencing. The company will present the Audited Financial Statements for FY 2025-26, along with the Board and Auditor reports. A key agenda item is the declaration of a dividend of ₹2.00 per equity share for FY 2025-26. Additionally, the AGM will address the re-appointment of Mrs. Poonam Khushlani as a Director and the re-appointment of Mr. Kamal Khushlani as Chairman and Managing Director for a five-year term starting March 8, 2027. The Annual Report for FY 2025-26 is also being shared electronically with members.

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.

Credo Brands Marketing Ltd announced that its 27th Annual General Meeting (AGM) will be held on Friday, September 11, 2026, at 12:30 PM via Video Conferencing. The company also fixed Friday, August 28, 2026, as the record date for the proposed dividend of ₹2:00 per share, if declared at the AGM. The Board meeting to approve these matters commenced at 4:45 p.m. and concluded at 6:00 p.m. The Annual Report for FY 2025-26 and the AGM notice will be sent electronically to shareholders.

Credo Brands Marketing Ltd has announced that the record date for the payment of its proposed final dividend has been fixed as Friday, August 28, 2026. The dividend amount, if declared at the forthcoming 27th Annual General Meeting (AGM), will be ₹2.00 per share. The AGM is scheduled to be held on Friday, September 11, 2026, at 12:30 P.M. IST via Video Conferencing. The Board of Directors approved this decision during their meeting, which concluded at 6:00 p.m. The Annual Report and AGM notice for the financial year 2025-26 will be disseminated electronically to shareholders.

Credo Brands Marketing Ltd announced its unaudited standalone financial results for the quarter ended June 30, 2026. The Board of Directors approved the results, which were recommended by the Audit Committee. The company's financial statements were prepared in accordance with Indian Accounting Standard 34 and comply with SEBI LODR Regulations. An independent auditor's review report was also provided. The results are available on the company's website and stock exchange websites.

Credo Brands (MUFTI) reported standalone Q1 FY27 (quarter ended June 30, 2026) revenue of ₹125.3 Cr, up 4.4% YoY from ₹119.9 Cr, but standalone PAT fell 63.8% YoY to ₹2.3 Cr from ₹6.3 Cr, with basic EPS at ₹0.35 versus ₹0.97 a year ago; net profit margin compressed to 1.8% from 5.2%. Against the seasonally stronger Q4 FY26 (EOSS-driven), revenue was down 22.8% and PAT down 85% QoQ — a sequential drop that reflects Q1's structurally weak seasonality for apparel retail rather than fresh deterioration, so the YoY read is the one that matters. The squeeze sits below the gross-profit line. Gross margin held broadly flat at ~61.6% (vs ~61.5% a year ago; gross profit grew ~4.6% YoY, matching management's own claim in its press release that "gross profit grew 5%" YoY), so premiumisation under Mufti 2.0 isn't costing margin at the product level. Instead, employee costs rose to 7.5% of revenue (from 7.0%) and other expenses — which include the guided step-up in advertising/branding spend (9-10% of revenue for FY27) — rose to 32.9% of revenue from 28.7%. Finance costs plus depreciation climbed to 25.5% of revenue from 20.4%, as the Mufti 2.0 store-network build-out adds fixed costs ahead of the sales base catching up. Combined, operating margin (OPM) fell to 21.2% — below management's guided FY27 EBITDA margin band of 23-24% — versus 25.9% YoY and 25.6% in Q4 FY26. Management's own framing calls this "steady performance despite continued softness in discretionary spending," and 4.4% YoY revenue growth is broadly consistent with its guided mid-single-digit growth for FY27. But this quarter's OPM print running below the 23-24% guided band is a miss on the profitability guidance specifically, even allowing for Q1 seasonality — prior-year Q1 OPM of 25.9% was still above the current guided range, so seasonality alone doesn't explain the shortfall. No brokerage consensus estimates for this specific quarter turned up in search, so the beat/miss versus Street is unknown. Concurrently with the results, the board fixed August 28, 2026 as the dividend record date and set the AGM for September 11, 2026.

Credo Brands Marketing Ltd has announced that its Board of Directors will convene on August 11, 2026. The primary agenda for this meeting is to consider and approve the un-audited standalone financial results for the first quarter ended June 30, 2026. Concurrently, the company has closed its trading window from July 01, 2026, which will remain shut until 48 hours after the announcement of these financial results, in compliance with SEBI regulations. The company will also upload this intimation on its official website.