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-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	22-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	17-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Retailing of men’s casual wear
Start date and time of board meeting	22-May-2025   18:15:00
End date and time of board meeting	22-May-2025   19:00:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(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	NA
(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.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(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?	Yes
Latest Date on which RPT policy is updated	2025-03-25
Indicate Company website link for updated RPT policy of the Company	https://www.credobrands.in/wp-content/uploads/2025/04/Policy-on-Materiality-of-and-Dealing-with-Related-Party-Transactions.pdf
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	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	1532080000	6181800000
	Other income	28740000	60790000
	Total income	1560820000	6242590000
2	Expenses
(a)	Cost of materials consumed	37550000	151940000
(b)	Purchases of stock-in-trade	622890000	2271970000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	44120000	218840000
(d)	Employee benefit expense	84630000	320580000
(e)	Finance costs	64840000	254780000
(f)	Depreciation, depletion and amortisation expense	185640000	685650000
(f)	Other Expenses
1	Aggregate of Other Expenses	331810000	1420530000
	Total other expenses	331810000	1420530000
	Total expenses	1371480000	5324290000
3	Total profit before exceptional items and tax	189340000	918300000
4	Exceptional items	0	0
5	Total profit before tax	189340000	918300000
6	Tax expense
7	Current tax	68070000	275110000
8	Deferred tax	-17010000	-40900000
9	Total tax expenses	51060000	234210000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	138280000	684090000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	138280000	684090000
17	Other comprehensive income net of taxes	1470000	2010000
18	Total Comprehensive Income for the period	139750000	686100000
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	130620000	130620000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		3971160000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	2.13	10.54
	Diluted earnings (loss) per share from continuing operations	2.13	10.52
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	2.13	10.54
	Diluted earnings (loss) per share from continuing and discontinued operations	2.13	10.52
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1tThe Standalone Financial Results for the quarter and year ended March 31, 2025 were reviewed by the Audit Committee and were approved by the Board of Directors in its meeting held on May 22, 2025. The Statutory Auditors have audited the Standalone Financial Results for the year ended March 31, 2025 and have expressed an unmodified opinion thereon.ttttt ntttttt n2tThe Standalone 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.ttttt ntttttt n3tThe figures for the quarter ended March 31, 2025 and March 31, 2024 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year and previous financial year respectively which were subject to limited review by the respective Statutory Auditors.ttttt ntttttt n4tThe Standalone Statement of Assets and Liabilities as at March 31, 2025 and Standalone Statement of Cash flows for the year ended March 31, 2025 are annexed.ttttttttttt n5tDuring the quarter under review, the Company has allotted an aggregate of 1,20,000 Equity Shares of Rs. 2 each to the eligible employees of the Company upon exercise of Stock Options under the Credo Stock Option Plan 2020 of the Company.ttttt ntttttt n6tDuring 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 each at an Issue price of Rs. 280 per share Including share premium of Rs. 278 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. 23.28 million is lying in the escrow account. ntttttt n7tThe Board of Directors has recommended a final dividend of Rs. 3 per share of face value of Rs. 2 each for the financial year 2024 25, subject to the approval of the Shareholders in the ensuing Annual General Meeting.ttttt ntttttt n8tBased 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 men s casual wear.ttttt ntttttt n9tDuring the current financial year, KAPS Mercantile Private Limited KMPL, a 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 has been struck off from the Register of Companies w.e.f. April 23, 2025 as per the Form STK.7 received by the company and KMPL is hence dissolved subsequent to the balance sheet date. n nThe value of the Investment held by the Company in KMPL, has already been fully impaired in the financial year 2022 23. Hence, there would be no financial impact in the books of account of the Company, although the investment shall be written off in the books of accounts in financial year 2025 26 being the year in which the actual Form STK.7 has been received giving effect to the Strike Off and dissolution of KMPL.t ntttttt n10tFigures for the previous periods year have been regrouped reclassified wherever necessary to make them comparable.ttttt ntttttt n11tThese 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

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

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	745490000
	Capital work-in-progress	7040000
	Investment property	15900000
	Goodwill	0
	Other intangible assets	1250000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	2460420000
	Total non-current financial assets	2460420000
	Deferred tax assets (net)	306860000
	Other non-current assets	5490000
	Total non-current assets	3542450000
2	Current assets
	Inventories	1018160000
	Current financial asset
	Current investments	0
	Trade receivables, current	2391210000
	Cash and cash equivalents	452300000
	Bank balance other than cash and cash equivalents	1620000
	Loans, current	0
	Other current financial assets	83230000
	Total current financial assets	2928360000
	Current tax assets (net)	0
	Other current assets	203330000
	Total current assets	4149850000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	7692300000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	130620000
	Other equity	3971160000
	Total equity attributable to owners of parent	4101780000
	Non controlling interest
	Total equity	4101780000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	10740000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities
	Total non-current financial liabilities	10740000
	Provisions, non-current	38020000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	2393300000
	Total non-current liabilities	2442060000
	Current liabilities
	Current financial liabilities
	Borrowings, current	3420000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	79840000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	176090000
	Total Trade payable	255930000
	Other current financial liabilities	387480000
	Total current financial liabilities	646830000
	Other current liabilities	459860000
	Provisions, current	22820000
	Current tax liabilities (Net)	18950000
	Deferred government grants, Current	0
	Total current liabilities	1148460000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	3590520000
	Total equity and liabilites	7692300000
	Disclosure of notes on assets and liabilities

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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Re-measurement gain or loss on defined benefit liability	1970000	2690000
	Total Amount of items that will not be reclassified to profit and loss	1970000	2690000
2	Income tax relating to items that will not be reclassified to profit or loss	500000	680000
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
5	Total Other comprehensive income	1470000	2010000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			918300000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			230680000
	Adjustments for decrease (increase) in inventories			231230000
	Adjustments for decrease (increase) in trade receivables, current			-270530000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-19510000
	Adjustments for decrease (increase) in other non-current assets			45930000
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			9230000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			38580000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			44800000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			685650000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-25370000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			-20150000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			27000000
	Adjustments for share-based payments			5760000
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			6740000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-9330000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			926710000
	Net cash flows from (used in) operations			1845010000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			253810000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			1591200000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			1530000
	Purchase of property, plant and equipment			213050000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			400000
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			17060000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-2180000
	Net cash flows from (used in) investing activities	-197040000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			26000000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			361190000
	Payments of lease liabilities			556410000
	Dividends paid			32480000
	Interest paid			34260000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-958340000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			435820000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			435820000
	Cash and cash equivalents cash flow statement at beginning of period			16480000
	Cash and cash equivalents cash flow statement at end of period			452300000