Integrated Filing — IndAS



General information about company
Scrip Code 544058
NSE Symbol MUFTI
MSEI Symbol NOTLISTED
ISIN INE220Q01020
Name of company CREDO BRANDS MARKETING LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 31-Jul-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 24-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment Retailing of men’s casual wear
Start date and time of board meeting 31-Jul-2025   17:45:00
End date and time of board meeting 31-Jul-2025   19:15:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.
Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1199390000
Other income 16150000
Total income 1215540000
2 Expenses
(a) Cost of materials consumed 48060000
(b) Purchases of stock-in-trade 566410000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -153120000
(d) Employee benefit expense 83870000
(e) Finance costs 61980000
(f) Depreciation, depletion and amortisation expense 182270000
(f) Other Expenses
1 Aggregate of Other Expenses 343720000 343720000
Total other expenses 343720000
Total expenses 1133190000
3 Total profit before exceptional items and tax 82350000
4 Exceptional items 0
5 Total profit before tax 82350000
6 Tax expense
7 Current tax 23730000
8 Deferred tax -4410000
9 Total tax expenses 19320000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 63030000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period 63030000
17 Other comprehensive income net of taxes -100000
18 Total Comprehensive Income for the period 62930000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 130740000
Face value of equity share capital 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.97
Diluted earnings (loss) per share from continuing operations 0.97
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.97
Diluted earnings (loss) per share from continuing and discontinued operations 0.97
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) Notes n n1 The Financial Results for the quarter ended June 30, 2025 were reviewed by the Audit Committee and were approved by the Board of Directors in its meeting held on July 31, 2025. The Statutory Auditors have conducted limited review on these Financial Results. n n2 The Financial Results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 _Interim Financial Reporting_ Ind AS 34_ prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules thereunder and the terms of the SEBI _Listing Obligations and Disclosure Requirements_ Regulations, 2015, as amended. n n3 The figures for the quarter ended March 31, 2025 are the balancing figures between the audited figures in respect of the full financial year and the limited reviewed year to date figures upto the quarter ended December 31, 2024. n n4 During the quarter under review, the Company has allotted an aggregate of 59,600 Equity Shares of Rs. 2.00 each to the eligible employees of the Company upon exercise of Stock Options under the Credo Stock Option Plan 2020 of the Company. n n5 During the quarter ended December 31, 2023, the Company has completed its Initial Public Offer _IPO_ of 19,634,960 equity shares of face value of Rs. 2.00 each at an Issue price of Rs. 280.00 per share _Including share premium of Rs. 278.00 per share_, comprising of offer for sale of 19,634,960 equity shares by Selling Shareholders aggregating to Rs. 5,497.79 million. Pursuant to the IPO, the equity shares of the Company were listed on the National Stock Exchange of India Limited _NSE_ and BSE Limited _BSE_ with effect from December 27, 2023. n nPursuant to Section 28.3 and other applicable provisions of the Companies Act, 2013, all expenses _except listing fees_ incurred in connection with IPO, would be borne by the Selling Shareholders. The Company has set aside Rs. 414.00 million in the separate escrow account from offer for sales proceeds towards offer expense. As on reporting date, a balance of Rs. 3.80 million is lying in the escrow account. n n6 Based on the _management approach_ as defined in Ind AS 108_Operating Segments, the Chief Operating Decision Maker evaluates the Company's performance as a single business segment namely retailing of mens casual wear. n n7 During the previous quarter ended March 31, 2025, KAPS Mercantile Private Limited _KMPL_, an erstwhile wholly-owned subsidiary of the Company, had filed an application for striking-off its name from the Register of Companies under Section 248.2 of the Companies Act, 2013, on January 21, 2025. Subsequently, the name of KMPL was struck off from the Register of Companies with effect from April 23, 2025, as per Form STK-7 received by the Company and accordingly, KMPL stands dissolved in the current quarter ended June 30, 2025. Consequently, the financial results for the current quarter have been prepared on a standalone basis, as the Group no longer exists as per the requirements of Ind AS 110_Consolidated Financial Statements. n n8 These financial results are available on the website of the Company viz. www.credobrands.in and on the website of BSE Limited _BSE_ www.bseindia.com_ and National Stock Exchange of India Limited _NSE_ www.nseindia.com. n nFor Credo Brands Marketing Limited nKamal Khushlani nChairman and Managing Director nDIN 00638929 n nPlace Mumbai nDate July 31, 2025



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement gain/(loss) on defined benefit liability -130000 -130000
Total Amount of items that will not be reclassified to profit and loss -130000
2 Income tax relating to items that will not be reclassified to profit or loss -30000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0
5 Total Other comprehensive income -100000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M S K C & ASSOCIATES LLP Yes 30-Sep-2026