5440582025-01-012025-03-315440582025-03-315440582024-03-315440582024-04-012025-03-315440582025-01-012025-03-31in-capmkt:OtherExpenses1Member5440582024-04-012025-03-31in-capmkt:OtherExpenses1Member5440582025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15440582024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15440582025-01-012025-03-31RelatedPartyTransactionDomain15440582024-12-31RelatedPartyTransactionDomain15440582025-03-31RelatedPartyTransactionDomain15440582025-01-012025-03-31RelatedPartyTransactionDomain25440582024-12-31RelatedPartyTransactionDomain25440582025-03-31RelatedPartyTransactionDomain25440582025-01-012025-03-31RelatedPartyTransactionDomain35440582024-12-31RelatedPartyTransactionDomain35440582025-03-31RelatedPartyTransactionDomain35440582025-01-012025-03-31RelatedPartyTransactionDomain45440582024-12-31RelatedPartyTransactionDomain45440582025-03-31RelatedPartyTransactionDomain45440582025-01-012025-03-31RelatedPartyTransactionDomain55440582024-12-31RelatedPartyTransactionDomain55440582025-03-31RelatedPartyTransactionDomain55440582025-01-012025-03-31RelatedPartyTransactionDomain65440582024-12-31RelatedPartyTransactionDomain65440582025-03-31RelatedPartyTransactionDomain65440582025-01-012025-03-31RelatedPartyTransactionDomain75440582024-12-31RelatedPartyTransactionDomain75440582025-03-31RelatedPartyTransactionDomain75440582025-01-012025-03-31RelatedPartyTransactionDomain85440582024-12-31RelatedPartyTransactionDomain85440582025-03-31RelatedPartyTransactionDomain85440582025-01-012025-03-31RelatedPartyTransactionDomain95440582024-12-31RelatedPartyTransactionDomain95440582025-03-31RelatedPartyTransactionDomain95440582025-01-012025-03-31RelatedPartyTransactionDomain105440582024-12-31RelatedPartyTransactionDomain105440582025-03-31RelatedPartyTransactionDomain105440582025-01-012025-03-31RelatedPartyTransactionDomain115440582024-12-31RelatedPartyTransactionDomain115440582025-03-31RelatedPartyTransactionDomain115440582025-01-012025-03-31RelatedPartyTransactionDomain125440582024-12-31RelatedPartyTransactionDomain125440582025-03-31RelatedPartyTransactionDomain125440582025-01-012025-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares544058MUFTINOTLISTEDINE220Q01020CREDO BRANDS MARKETING LIMITEDMain BoardEquity2024-04-012025-03-312025-05-222025-05-17INRMillionsQuarterlyFourth quarterSingle segmentRetailing of men’s casual wear2025-05-2218:15:002025-05-2219:00:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2025-03-25https://www.credobrands.in/wp-content/uploads/2025/04/Policy-on-Materiality-of-and-Dealing-with-Related-Party-Transactions.pdffalsefalseNot Applicable2025-01-012025-03-31AuditedStandalone1532080000287400001560820000375500006228900004412000084630000648400001856400003318100001371480000189340000018934000068070000-170100005106000001382800000000138280000147000013975000013062000022.132.13002.132.131 The 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. <BR> <BR> 2 The 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. <BR> <BR> 3 The 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. <BR> <BR> 4 The 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. <BR> 5 During 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. <BR> <BR> 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. <BR> <BR> 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. 23.28 million is lying in the escrow account. <BR> <BR> 7 The 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. <BR> <BR> 8 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 men s casual wear. <BR> <BR> 9 During 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. <BR> <BR> The 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. <BR> <BR> 10 Figures for the previous periods year have been regrouped reclassified wherever necessary to make them comparable. <BR> <BR> 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. <BR> 2024-04-012025-03-31AuditedStandalone61818000006079000062425900001519400002271970000218840000320580000254780000685650000142053000053242900009183000000918300000275110000-409000002342100000684090000000068409000020100006861000001306200002397116000010.5410.520010.5410.52Aggregate of Other Expenses331810000Aggregate of Other Expenses14205300007454900007040000159000000125000000000024604200002460420000306860000549000035424500001018160000023912100004523000001620000083230000292836000002033300004149850000769230000013062000039711600004101780000410178000010740000000107400003802000000239330000024420600003420000798400001760900002559300003874800006468300004598600002282000018950000011484600000035905200007692300000230680000231230000-2705300000-19510000459300000923000003858000004480000006856500000-253700000-201500000002700000057600000067400000-9330000092671000018450100000002538100000159120000000000000153000021305000000040000000000000000000170600000-2180000-1970400000026000000000000361190000556410000324800003426000000-958340000435820000043582000016480000452300000Re-measurement gain or loss on defined benefit liability19700001970000Re-measurement gain or loss on defined benefit liability2690000269000050000068000014700002010000Credo Brands Marketing Limited******Amer Jaleel******DirectorAny other transactionSitting Fees750000None28000000Credo Brands Marketing Limited******Paresh Bambolkar******DirectorAny other transactionSitting Fees750000None23000000Credo Brands Marketing Limited******Ramona Jogeshwar******DirectorAny other transactionSitting Fees880000None18000000Credo Brands Marketing Limited******Manoj Nakra******DirectorAny other transactionSitting Fees730000None23000000Credo Brands Marketing Limited******Kamal Khushlani******PromoterRemuneration36900000None2664000020000007800000Credo Brands Marketing Limited******Andrew Khushlani******Promoter GroupRemuneration870000None7300009000070000Credo Brands Marketing Limited******Sonakshi Khushlani******Promoter GroupRemuneration1110000None960000120000110000Credo Brands Marketing Limited******Poonam Khushlani******PromoterRemuneration3980000None2520000310000160000Credo Brands Marketing Limited******Rasik Mittal******Chief Financial OfficerRemuneration11280000None102300005900003230000Credo Brands Marketing Limited******Sanjay Kumar Mutha******Company SecretaryRemuneration4240000None3250000320000670000Credo Brands Marketing Limited******KAPS Mercantile Private Limited******Subsidiary CompanyAny other transactionReimbursement of Expenses980000None0-400000Credo Brands Marketing Limited******SmartGlobal Solutions and Services******Entity controled by DirectorPurchase of goods or services2440000None156000029000031000046810000AuditedtrueM S K C & ASSOCIATES LLPtrue2026-09-30