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    Consumer Cyclical

  3. •

    Apparel - Retail
Credo Brands Marketing L

Credo Brands Marketing L

MUFTI.NS
Credo Brands Marketing LIN flagNational Stock Exchange of India
88.41
INR
-0.52
- -
5.78BMarket Cap
Credo Brands Marketing L
MUFTI.NS
(National Stock Exchange of India)

Recent

price

88.41

P/E

ratio

- -

div

yld

- -

ROIC.AI

2021
2022
2023
2024
2025
2026
TTM
FRC
38.07
53.06
77.48
88.19
95.25
90.64
90.66
Revenue per Share
0.54
5.56
12.05
9.2
10.54
7.26
7.26
Basic EPS, GAAP
13.95
9.82
5.9
3.16
21.23
17.26
- -
Free Cash Flow per Basic Share
- -
- -
5
- -
0.5
3
- -
Dividend per Share
0.6
0.78
41.14
51.82
61.46
2
2
Book Value per Share
29.88
36.64
43.7
53.08
63.18
67.13
67.14
Tangible Book Value per Share
64
64
64
64
65
65
65
Basic Weighted Avg Shares
2,448
3,412
4,982
5,673
6,182
5,921
5,921
Sales/Revenue/Turnover
2.27
14.69
22.94
17.49
18
13.48
13.48
Operating Margin (%)
441
459
534
622
686
744
744
Depreciation Expense
34
357
775
592
684
474
474
Net Income, GAAP
14.15
25.28
25.33
24.97
25.5
25.67
25.67
Effective Tax Rate (%)
1.41
10.48
15.56
10.43
11.07
8.01
8.01
Profit Margin (%)
1,386
1,678
1,919
2,286
3,001
3,098
3,098
Working Capital
1,180
1,212
1,580
1,863
1,992
1,820
1,820
LT Debt
1,923
2,357
2,814
3,417
4,102
4,386
4,386
Total Equity
- -
10.42
20.21
14.17
13.52
9.05
9.05
Return on Invested Capital (%)
- -
29.95
28.97
14.47
14.3
15.13
15.13
Return on Capital (%)
- -
806.95
57.52
19.8
18.68
23.02
23.02
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
448
- -
462
LT Borrowings
9
- -
- -
LT Finance Leases
1,962
- -
1,820
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
65
- -
65
Market Capitalization
7,059
6,578
4,184

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
4,223
- -
4,459
Cash, Cash Equivalents & STI
263
- -
780
Accounts Receivable, Net
2,690
- -
2,363
Inventories
1,052
- -
1,104
Total Current Liabilities
1,190
- -
1,362
Payables & Accruals
- -
- -
- -
ST Debt
448
- -
462
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
18.07%
6.93%
Free Cash Flow
- -
88.69%
-18.15%
Net Income, GAAP
- -
203.36%
-30.68%
Sales/Revenue/Turnover
- -
20.8%
-4.22%
Total Cash Common Dividend
- -
- -
503.29%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,185
1,656
1,501
1,331
5,673
2025
1,239
1,856
1,555
1,532
6,182
2026
1,199
1,637
1,461
1,623
5,921

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.33
4.35
2.42
- -
9.2
2025
1.52
4.1
2.81
2.13
10.54
2026
0.97
2.89
1.07
2.33
7.26

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.5
2026
- -
- -
- -
- -
3
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Business
Credo Brands Marketing Ltd (MUFTI.NS) markets and retails mid-premium to premium men's casual wear and accessories under the flagship MUFTI brand in India; its core product portfolio encompasses athleisure, shirts, t-shirts, jeans, chinos, trousers, polos, sweatshirts, sweaters, outerwear, blazers, jackets and eau de parfums inspired by Mumbai landmarks, categorized into Authentic Casual, Urban Casual, Relaxed Casual and Athleisure lines to address diverse occasions from daily wear to party and holiday styles. Founded in 1998 and headquartered in Mumbai, Maharashtra, the company pursues an asset-light model with outsourced manufacturing via over 45 suppliers and partners, distributing through an omnichannel network spanning 425 exclusive brand outlets, 1,342 multi-brand outlets, 77 large format stores, department stores and e-commerce platforms across 599 cities pan-India. Recent developments include listing on the NSE and BSE in December 2023 following an IPO comprising an offer for sale of up to 19.6 million equity shares; opening the 400th store in 2023 and reaching the 425th exclusive brand outlet by March 2024; forging strategic digital alliances with platforms like Meta and Google in 2024 to boost visibility and omnichannel growth; proposing a final dividend of INR 0.50 per share for FY 2024 alongside sustained profitability with FY 2024 revenue of INR 5,673 million, EBITDA of INR 1,605 million and net profit of INR 592 million.