Credo Brands Marketing Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹458 Cr
- P/E
- 10.32
- ROE
- 11.99%
- PEG
- -0.79
- Price to sales
- 0.76
- Debt to equity
- 0.52
- 52W high / low
- ₹116 / ₹62.1
- Sales growth (5Y)
- 15.08%
- EBITDA margin
- 25.06%
- Net profit margin
- 8.59%
- Promoter holding
- 54.99%
- Sales (last year)
- ₹597 Cr
Incorporated in 1999, Credo Brands Marketing Ltd is in the business of selling of fashion casual garments and accessories under the brand name MUFTI[1]
Guidance scorecard · Q1 FY27 call
What Credo Brands Marketing Ltd's management guided
and where it ranks in Retailing
RevenueQ1 FY27 call
0–10%- Management is positive about growth but unable to provide specific growth numbers for the next couple of years due to ongoing brand transformation and market conditions.
- They are seeing positive signals from changes made to the brand and are certain about getting back on a growth trajectory.
- Near-term demand visibility remains uneven; growth may not be immediate and is expected to be a longer-drawn process.
- The focus is on improving store performance, brand resilience, and customer experience rather than rapid expansion.
- Revenue growth in the short term is not expected to outpace marketing spend yet, as investments are aimed at long-term brand salience.
- Same-store sales are targeted to increase in mid-single digits for the current year.
2 more points from Credo Brands Marketing Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Credo Brands Marketing Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
None planned- The company is currently focused on retail transformation and premiumizing the Mufti brand, which involves investments in renovating existing stores and opening new premium format stores.
- Store expansion is measured; they opened 5 new stores in Q1 FY27 while closing 7 underperforming stores, with a total store count of 427.
- The emphasis is on improving store quality and productivity rather than aggressive new store additions.
- Inventory management is being sharpened to avoid increases in working capital.
2 more points from Credo Brands Marketing Ltd's call on capex
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FundraisingQ1 FY27 call
See what Credo Brands Marketing Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what Credo Brands Marketing Ltd said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Retailing
on management's own guidance
- Strong growth2
- Strong growth1
- Entero Healthcare Solutions LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Retailing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,264 Cr | 38.2 | |
| 2 | 40%+ | Flat | ₹6,053 Cr | 53.9 | |
| 3 | Entero Healthcare Solutions Ltd | 20–40% | Up 0–2% | ₹6,899 Cr | 53.5 |
| 4 | 20–40% | Up 0–2% | ₹790 Cr | 19.0 | |
| 5 | 20–40% | Flat | ₹3.14L Cr | 725.0 | |
| 6 | 20–40% | Flat | ₹1.12L Cr | 170.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Retailing rankingFinancials of Credo Brands Marketing Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Credo Brands Marketing Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 133 | 118 | 166 | 150 | 133 | 124 | 186 | 156 | 153 | 120 | 164 | 146 | 162 |
| Expenses + | 94 | 88 | 109 | 108 | 102 | 90 | 128 | 108 | 112 | 89 | 116 | 113 | 121 |
| Operating Profit | 39 | 30 | 57 | 43 | 31 | 33 | 58 | 48 | 41 | 31 | 48 | 34 | 42 |
| OPM % | 29% | 26% | 34% | 28% | 23% | 27% | 31% | 31% | 27% | 26% | 29% | 23% | 26% |
| Other Income + | 10 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 2 | 2 | 4 |
| Interest | 5 | 5 | 6 | 7 | 6 | 6 | 6 | 7 | 6 | 6 | 6 | 7 | 6 |
| Depreciation | 14 | 15 | 15 | 16 | 16 | 15 | 16 | 18 | 19 | 18 | 18 | 19 | 19 |
| Profit before tax | 29 | 11 | 37 | 21 | 10 | 13 | 35 | 24 | 19 | 8 | 25 | 10 | 21 |
| Tax % | 25% | 24% | 24% | 25% | 29% | 25% | 25% | 25% | 27% | 23% | 25% | 28% | 26% |
| Net Profit + | 22 | 9 | 28 | 16 | 7 | 10 | 26 | 18 | 14 | 6 | 19 | 7 | 15 |
| EPS in Rs | 67.12 | 1.33 | 4.35 | 2.42 | 1.09 | 1.51 | 4.07 | 2.81 | 2.12 | 0.96 | 2.89 | 1.07 | 2.33 |
Financials of Credo Brands Marketing Ltd
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 395 | 450 | 293 | 341 | 498 | 567 | 618 | 592 |
| Expenses + | 358 | 405 | 264 | 247 | 336 | 406 | 437 | 438 |
| Operating Profit | 37 | 45 | 29 | 94 | 162 | 161 | 181 | 154 |
| OPM % | 9% | 10% | 10% | 27% | 33% | 28% | 29% | 26% |
| Other Income + | 1 | 1 | 1 | 13 | 13 | 4 | 5 | 9 |
| Interest | 2 | 7 | 5 | 15 | 18 | 24 | 25 | 25 |
| Depreciation | 11 | 13 | 13 | 46 | 53 | 62 | 69 | 74 |
| Profit before tax | 25 | 26 | 12 | 46 | 104 | 79 | 92 | 64 |
| Tax % | 32% | 41% | 23% | 26% | 25% | 25% | 26% | 26% |
| Net Profit + | 17 | 15 | 9 | 34 | 77 | 59 | 68 | 47 |
| EPS in Rs | 53.76 | 48.46 | 29.01 | 105.73 | 240.89 | 9.17 | 10.47 | 7.25 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 5% | 29% | 0% |
Financials of Credo Brands Marketing Ltd
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 13 | 13 | 13 |
| Reserves | 187 | 185 | 195 | 233 | 278 | 329 | 397 | 426 |
| Borrowings + | 33 | 43 | 15 | 154 | 192 | 253 | 237 | 228 |
| Other Liabilities + | 54 | 66 | 79 | 86 | 101 | 115 | 122 | 135 |
| Total Liabilities | 277 | 297 | 292 | 476 | 574 | 710 | 769 | 802 |
| Fixed Assets + | 44 | 47 | 41 | 179 | 237 | 281 | 291 | 276 |
| CWIP | 5 | 1 | 0 | 1 | 0 | 1 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 228 | 249 | 251 | 296 | 338 | 428 | 478 | 525 |
| Total Assets | 277 | 297 | 292 | 476 | 574 | 710 | 769 | 802 |
Financials of Credo Brands Marketing Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 7 | 25 | 61 | 78 | 75 | 56 | 159 | 132 |
| Cash from Investing Activity + | -19 | -14 | -7 | -28 | -21 | -35 | -20 | -35 |
| Cash from Financing Activity + | 12 | -11 | -31 | -39 | -82 | -28 | -96 | -90 |
| Net Cash Flow | -0 | -0 | 24 | 11 | -28 | -6 | 44 | 7 |
| Free Cash Flow | -12 | 8 | 54 | 63 | 40 | 21 | 138 | 113 |
| CFO/OP | 53% | 65% | 222% | 105% | 65% | 50% | 102% | 98% |
Financials of Credo Brands Marketing Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 106 | 116 | 152 | 132 | 101 | 137 | 141 | 146 |
| Inventory Days | 142 | 114 | 175 | 163 | 195 | 189 | 141 | 163 |
| Days Payable | 41 | 43 | 103 | 91 | 73 | 33 | 35 | 40 |
| Cash Conversion Cycle | 208 | 186 | 224 | 204 | 223 | 293 | 246 | 269 |
| Working Capital Days | 117 | 117 | 167 | 125 | 134 | 145 | 150 | 146 |
| ROCE % | 15% | 8% | 20% | 28% | 19% | 19% | 14% |
Guidance history
How Credo Brands Marketing Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 0–10% | Flat | None planned | — | — |
| Q4 FY26 call → | 0–10% | Flat | Planned | — | — |
| Q3 FY26 call → | 0–10% | Down 0–2% | Planned | — | — |
| Q2 FY26 call → | 0–10% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Credo Brands Marketing Ltd's management said in earlier quarters
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