MUFTI Credo Brands Marketing Q1 FY26 results (Apr–Jun 2025) and concall
Credo Brands reported steady revenues of INR119.9 crores in Q1 FY26 amidst soft discretionary spending, particularly in smaller markets. Despite this, gross margins expanded by 290 basis points to 61.6%, and EBITDA margin was 25.9%. The company is undertaking a significant retail transformation, investing in premium store designs, increased digital marketing, and higher advertising spend (6-7% in FY26, 8-10% in FY27) to reposition Mufti as a premium menswear brand, expecting benefits from FY28 onwards.
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What they filed
Q1 FY26: revenue down 3.2%, net profit down 40.0% against the same quarter last year.
| Line item | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 |
|---|---|---|---|---|---|
| Revenue | 124 | 186 | 156 | 153 | 120 −3% |
| EBITDA | 33 | 58 | 48 | 41 | 31 −6% |
| Net profit | 10 | 26 | 18 | 14 | 6 −40% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
