MUFTI2024-01-012024-03-31 MUFTI2024-01-012024-03-31 MUFTI2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member MUFTI2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member MUFTI2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 544058 MUFTI NOTLISTED Credo Brands Marketing Limited Equity 2023-04-01 2024-03-31 2024-05-30 2024-05-24 INR Millions Yearly 18:30:00 21:00:00 2024-05-30 2024-05-30 true Cash Flow Indirect Declaration of unmodified opinion Single segment Retailing of men’s casual wear 2024-01-01 2024-03-31 Audited Consolidated 1330800000.00 14580000.00 1345380000.00 29020000.00 610130000.00 -52010000.00 75920000.00 63960000.00 161100000.00 358400000.00 1246520000.00 98860000.00 0.00 98860000.00 48900000.00 -20700000.00 28200000.00 0.00 70660000.00 0.00 0.00 0.00 0.00 70660000.00 390000.00 71050000.00 0.00 0.00 0.00 0.00 128960000.00 2 1.10 1.10 0.00 0.00 1.10 1.10 1. The Consolidated Financial Results of Credo Brands Marketing Limited (the 'Holding Company' / 'Company') and its subsidiary (collectively the 'Group') for the year ended March 31, 2024 and Consolidated Financial Results for the quarter ended March 31, 2024 were reviewed by the Audit Committee and were approved by the Board of Directors in its meeting held on May 30, 2024. The Statutory Auditors have audited the Consolidated Financial Results for the year ended March 31, 2024 and have expressed an unmodified opinion thereon. 2. The Consolidated Financial Results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended), other accounting principles generally accepted in India and in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), as amended. 3. The figures for the quarter ended March 31, 2023 are balancing figures between audited figures in respect of full financial year and unaudited figures up to the third quarter ended December 31, 2022 as prepared by the management and reported in these financial results which were neither reviewed nor subjected to audit by the Statutory Auditors, in view of the listing of the equity shares of the Company with Stock Exchanges, effective from December 27, 2023. However, the management has exercised necessary due diligence to ensure that the financial results for this period provide a true and fair view of the Group's affairs. 4. The figures for the quarter ended 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 which were subject to limited review by the Statutory Auditors. 5. The Consolidated Statement of Assets and Liabilities as at March 31, 2024 and Consolidated Statement of Cash flows for the year ended March 31, 2024 are annexed. 6. During the quarter under review, the Company has allotted an aggregate of 179,340 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. 7. During the quarter ended September 30, 2023, the Company had granted 120,000 Employee Stock Options to eligible employee under the Credo Stock Option Plan, 2020. 8. During the year under review, (i) the Board of Directors at its Meeting held on April 07, 2023 allotted 9,645,282 equity shares of the Company of Rs. 10/- each as bonus equity shares (the “Bonus Equity Shares”) credited as fully paid-up, to the eligible shareholders of the Company in the proportion of 3 (Three) bonus equity shares of Rs. 10/- each (Rupees Ten only) for every 1 (One) equity share of Rs. 10/- each (Rupees Ten only). (ii) pursuant to a Board resolution dated April 07, 2023 and Shareholders’ resolution dated April 18, 2023, each existing equity shares of face value of Rs. 10/- each fully paid up in the authorized, issued, subscribed and paid-up Share Capital of the Company has been sub divided into 5 (five) equity shares of face value of Rs. 2/- each fully paid up. Accordingly, the equity shares and basic/diluted earnings per share for comparative quarter and year ended March 31, 2023 has been presented considering the adjustments for issue of bonus shares and sub-division of shares in accordance with Ind AS 33- Earnings per share . As per XBRL utility provided by Stock Exchanges, disclosure of notes on financial result should not contain more than 4000 characters. In view of such limitation, please refer Note no. 9 to 13 from the full results as available on our website of the Company or website of Stock Exchanges. Single segment 2023-04-01 2024-03-31 Audited Consolidated 5673320000.00 46120000.00 5719440000.00 167560000.00 2363570000.00 -118400000.00 315190000.00 240580000.00 621900000.00 1340100000.00 4930500000.00 788940000.00 0.00 788940000.00 260980000.00 -64020000.00 196960000.00 0.00 591980000.00 0.00 0.00 0.00 0.00 591980000.00 -410000.00 591570000.00 0.00 0.00 0.00 0.00 128960000.00 2 3287730000.00 9.20 9.19 0.00 0.00 9.20 9.19 Other Expenses 358400000.00 Other Expenses 1340100000.00 0.00 772220000.00 8340000.00 16280000.00 0.00 2250000.00 0.00 0.00 0.00 0.00 0.00 0.00 157680000.00 157680000.00 266680000.00 2208760000.00 3432210000.00 1249390000.00 0.00 2122410000.00 16640000.00 8290000.00 0.00 86260000.00 2233600000.00 0.00 183820000.00 3666810000.00 7099020000.00 128960000.00 3287730000.00 3416690000.00 3416690000.00 48460000.00 0.00 2213140000.00 2261600000.00 40190000.00 0.00 0.00 0.00 2301790000.00 326890000.00 295610000.00 366000000.00 988500000.00 337900000.00 48720000.00 5420000.00 1380540000.00 3682330000.00 7099020000.00 212950000.00 -115360000.00 -757050000.00 0.00 16110000.00 -37630000.00 0.00 -24330000.00 0.00 -129070000.00 0.00 201230000.00 0.00 621900000.00 0.00 24360000.00 0.00 10030000.00 0.00 0.00 0.00 13810000.00 5990000.00 0.00 0.00 1350000.00 0.00 3090000.00 0.00 19760000.00 808700000.00 0.00 0.00 0.00 246070000.00 0.00 562630000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5130000.00 359280000.00 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 30000.00 0.00 8570000.00 0.00 -345550000.00 0.00 0.00 5620000.00 0.00 0.00 0.00 0.00 0.00 308760000.00 34200000.00 511320000.00 0.00 0.00 46540000.00 0.00 0.00 -277680000.00 -60600000.00 0.00 -60600000.00 77240000.00 16640000.00 -390000.00 410000.00