MUFTI2023-07-012023-09-30 MUFTI2023-07-012023-09-30 MUFTI2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member MUFTI2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member MUFTI2023-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 544058 MUFTI NOTLISTED Credo Brands Marketing Limited Equity 2023-04-01 2024-03-31 2024-01-16 2024-01-08 INR Millions Half yearly 16:00:00 16:35:00 2024-01-16 2024-01-16 true Cash Flow Indirect Not applicable Single segment Retailing of men's wear 2023-07-01 2023-09-30 Unaudited Consolidated 1656180000.00 11800000.00 1667980000.00 29320000.00 750100000.00 -75990000.00 79020000.00 56310000.00 153940000.00 305560000.00 1298260000.00 369720000.00 0.00 369720000.00 151250000.00 -61250000.00 90000000.00 0.00 279720000.00 0.00 0.00 0.00 0.00 279720000.00 -250000.00 279470000.00 279720000.00 0.00 279470000.00 0.00 128600000.00 2 4.35 4.35 0.00 0.00 4.35 4.35 1 The unaudited Consolidated Financial Results of Credo Brands Marketing Limited (the 'Parent Company' / 'Company') and its subsidiary (collectively the 'Group') for the quarter and six months ended September 30, 2023, have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their respective meetings held on January 16, 2024. 2 The unaudited Consolidated Financial Results has 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. 3 The unaudited Consolidated Financial Results for the quarter and six months ended September 30, 2022 have not been subject to limited review or audit. However, the management has exercised necessary diligence to present these financial information. 4. The figures for the six months ended September 30, 2023 are aggregate of quarter ended June 30, 2023 which have been subjected to audit and quarter ended September 30, 2023 which have been subject to limited review. 5 The Statement of Unaudited Consolidated Assets and Liabilities as at September 30, 2023 and Statement of Unaudited Consolidated Cash Flow Statement for the period ended September 30, 2023 is annexed. 6 Subsequent to the period under review, 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 offer for sale of 19,634,960 equity shares by Selling Shareholders aggregating to Rs. 5,497.79 million. Pursuant to Section 28(3) of the Companies Act, 2013 and other applicable provisions, all expenses (except listing fees) incurred in connection with IPO, would be borne by the Selling Shareholders. 7 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”) effective December 27, 2023. Accordingly, the Consolidated Financial Results for the quarter and six months ended September 30, 2023 are drawn up for the first time in accordance with SEBI Listing Regulations. 8 Based on the management approach as defined in Ind AS 108-Operating Segments, the Chief Operating Decision Maker evaluates the Group's performance as a single business segment namely retailing of men’s casual wear. 9 During the quarter under review, the Company had granted 1,20,000 Employee Stock Options to eligible employee under Credo Stock Option Plan, 2020. 10 Figures for the previous periods / year have been regrouped / reclassified wherever necessary to make them comparable. 11 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). Single segment 2023-04-01 2023-09-30 Unaudited Consolidated 2841080000.00 21200000.00 2862280000.00 77270000.00 1227890000.00 -82850000.00 169920000.00 110030000.00 299020000.00 578160000.00 2379440000.00 482840000.00 0.00 482840000.00 174090000.00 -56720000.00 117370000.00 0.00 365470000.00 0.00 0.00 0.00 0.00 365470000.00 -1010000.00 364460000.00 365470000.00 0.00 364460000.00 0.00 128600000.00 2 5.68 5.68 0.00 0.00 5.68 5.68 Other expenses 305560000.00 Other expenses 578160000.00 661140000.00 13630000.00 16470000.00 0.00 3010000.00 0.00 0.00 164520000.00 164520000.00 259540000.00 2090700000.00 3209010000.00 1215040000.00 0.00 2246100000.00 7030000.00 7840000.00 0.00 49890000.00 2310860000.00 0.00 274630000.00 3800530000.00 0.00 0.00 7009540000.00 128600000.00 3050920000.00 3179520000.00 3179520000.00 50930000.00 377640000.00 428570000.00 39280000.00 1706280000.00 2174130000.00 430030000.00 372040000.00 10800000.00 812870000.00 749270000.00 36830000.00 56920000.00 1655890000.00 3830020000.00 7009540000.00 98700000.00 -81010000.00 -877950000.00 0.00 -74690000.00 5900000.00 0.00 -1150000.00 0.00 -52670000.00 0.00 270490000.00 0.00 299020000.00 0.00 10760000.00 0.00 -10410000.00 0.00 0.00 0.00 6280000.00 1580000.00 0.00 0.00 -2170000.00 0.00 420000.00 0.00 -419460000.00 63380000.00 0.00 0.00 0.00 117160000.00 0.00 -53780000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1130000.00 139970000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 60000.00 0.00 6330000.00 0.00 -132450000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 396790000.00 16620000.00 0.00 243820000.00 0.00 20330000.00 0.00 0.00 116020000.00 -70210000.00 0.00 -70210000.00 77240000.00 7030000.00 -330000.00 -1350000.00 -80000.00 -340000.00