MUFTI Credo Brands Marketing Q3 FY26 results (Oct–Dec 2025) and concall
Credo Brands reported a challenging Q3 FY26 with revenue and PAT declines, primarily due to a muted apparel market and temporary gross margin impact from GST reforms. Despite this, the company is progressing with its MUFTI 2.0 transformation, opening new premium stores and increasing marketing spend to strengthen brand equity. Management expects profitability to be impacted in the short-term due to these investments but remains confident in long-term growth and a demand pick-up from Spring/Summer '26.
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What they filed
Q3 FY26: revenue down 6.4%, net profit down 61.1% against the same quarter last year.
| Line item | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 124 | 186 | 156 | 153 | 120 −3% | 164 −12% | 146 −6% |
| EBITDA | 33 | 58 | 48 | 41 | 31 −6% | 48 −17% | 34 −29% |
| Net profit | 10 | 26 | 18 | 14 | 6 −40% | 19 −27% | 7 −61% |
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.





