MUFTI Credo Brands Marketing Q2 FY26 results (Jul–Sep 2025) and concall
Credo Brands reported a challenging Q2 and H1 FY26 with revenue declines attributed to soft demand, muted footfalls, and temporary supply chain disruptions. Despite these headwinds, gross margins improved, and digital sales saw significant growth. The company is undergoing a 'MUFTI 2.0' transformation, investing in premium stores and marketing, and anticipates a flattish revenue trajectory for the next 1.5 years before returning to growth. Working capital days increased but are expected to normalize.
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What they filed
Q2 FY26: revenue down 11.8%, net profit down 26.9% against the same quarter last year.
| Line item | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 124 | 186 | 156 | 153 | 120 −3% | 164 −12% |
| EBITDA | 33 | 58 | 48 | 41 | 31 −6% | 48 −17% |
| Net profit | 10 | 26 | 18 | 14 | 6 −40% | 19 −27% |
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.
