The call ran from 12:31 PM to 1:13 PM IST (43 min).
Key takeaways
Credo Brands (Mufti) delivered its highest quarterly revenue but remains cautious due to macroeconomic inflationary pressures.
| Management target | Revenue 10.0% FY27 |
|---|
| Revenue growth | 16% YoY growth to ₹189 Cr, highest quarterly revenue ever. |
|---|---|
| Margins | Gross margins expanded 150 bps to 58.6% on richer product mix. |
| Demand visibility | Mixed discretionary environment; consumers remain selective despite festive optimism. |
| Management confidence | Cautiously optimistic, focusing on premiumization and Mufti 2.0 store formats. |
Growth
Revenue grew 16% YoY to ₹189 Cr, supported by positive same-store sales and premiumization.
Outlook
Management guides for 8-10% annual revenue growth and 8-10% marketing spend for FY27.
Risks
High trade receivables and selective consumer spending in discretionary apparel pose liquidity and demand risks.
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Credo Brands Marketing Q2 FY27 Results: Net Profit ₹27.2 Cr, Up 43.9% YoY
Credo Brands (Mufti) reported Q2 FY27 revenue from operations of Rs 1,893.01 million and net profit of Rs 272.47 million for the quarter ended September 2026. The results are unaudited, with a limited review report from MSKC & Associates.
- Key figure
- Net profit ₹27.2 Cr · +43.9% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Guided for mid-single-digit growth in FY27. Ad spend increasing to 8-10% of revenue. 20 new store openings planned.
Growth they described
Q4 revenue grew 6% YoY to INR162cr; FY26 revenue flat at INR592cr. Q4 PAT rose 11% to INR15.3cr.
Call details
| Company | Credo Brands Marketing Ltd |
|---|---|
| NSE symbol | MUFTI |
| ISIN | INE220Q01020 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 12:30 PM IST |
| Length | 43 min |
| Audio | Our stream on YouTube ↗ |
Credo Brands Marketing Ltd: key numbers
- Share price
- ₹76.98
- Market cap
- ₹503.4 Cr
- Revenue (annual)
- ₹592.1 Cr
- Net profit (annual)
- ₹47.42 Cr
- P/E (TTM)
- 9.7×Sector 64.2×
- Promoter holding
- 54.99%+0.00% QoQ
- FII holding
- 0.51%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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