MUFTI2024-04-012024-06-30 MUFTI2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member MUFTI2024-06-30 MUFTI2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 544058 MUFTI NOTLISTED Credo Brands Marketing Limited Equity 2024-04-01 2025-03-31 2024-08-06 2024-07-31 INR Millions First quarter 16:30:00 17:20:00 2024-08-06 2024-08-06 Not applicable Single segment Retailing of men’s casual wear 2024-04-01 2024-06-30 Unaudited Consolidated 1238870000.00 12010000.00 1250880000.00 46920000.00 373320000.00 92180000.00 80310000.00 60810000.00 154340000.00 312480000.00 1120360000.00 130520000.00 0.00 130520000.00 32780000.00 40000.00 32820000.00 0.00 97700000.00 0.00 0.00 0.00 0.00 97700000.00 430000.00 98130000.00 0.00 0.00 129080000.00 2 1.52 1.52 0.00 0.00 1.52 1.52 Notes: 1 The Consolidated Financial Results of Credo Brands Marketing Limited (the 'Holding Company' / 'Company') and its subsidiary (collectively the 'Group') for the quarter ended June 30, 2024 were reviewed by the Audit Committee and were approved by the Board of Directors in its meeting held on August 6, 2024. The Statutory Auditors have conducted limited review on these Consolidated Financial Results. 2 The 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 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 respective financial year which were subject to limited review by the Statutory Auditors. 4 During the quarter ended March 31, 2024, 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. 5 During the quarter under review, the Company has allotted an aggregate of 60,200 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. 6 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/- 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. Pursuant 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. 31.00 million is lying in the escrow account. 7 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. 8 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). Aggregate 312480000.00 Re-measurement gain/(loss) on defined benefit liability 580000.00 580000.00 150000.00 0.00