Mumbai, January 31, 2025 – Credo Brands Marketing Limited (NSE: MUFTI, BSE: 544058) has announced its consolidated and standalone unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported robust revenue growth and profitability, reflecting strong consumer demand and effective operational management.
Key Financial Highlights (₹ in Millions)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 1,555.16 | 1,855.70 | 1,501.44 | 4,649.73 | 4,342.52 | 5,673.32 |
| Total Income | 1,569.94 | 1,860.94 | 1,511.94 | 4,681.76 | 4,374.05 | 5,719.44 |
| Profit Before Tax (PBT) | 244.51 | 353.57 | 207.28 | 728.60 | 690.12 | 788.94 |
| Net Profit After Tax (PAT) | 183.13 | 264.62 | 155.89 | 545.45 | 521.36 | 591.98 |
| Earnings Per Share (EPS) - Basic (₹) | 2.81 | 4.10 | 2.42 | 8.37 | 8.11 | 9.20 |
| Earnings Per Share (EPS) - Diluted (₹) | 2.81 | 4.10 | 2.42 | 8.47 | 8.10 | 9.20 |
Performance Analysis
- Revenue Growth:
- Q3 FY25 revenue grew to ₹1,555.16 million, a 3.6% YoY increase compared to ₹1,501.44 million in Q3 FY24.
- For the nine-month period, revenue reached ₹4,649.73 million, reflecting a 7.1% YoY growth.
- Profitability & Margins:
- The company achieved a net profit of ₹183.13 million in Q3 FY25, a 17.5% YoY increase.
- The net profit for 9M FY25 stood at ₹545.45 million, a 4.6% YoY growth.
- Cost Management:
- Employee benefits expense remained stable at ₹81.67 million.
- Finance costs slightly increased to ₹66.07 million in Q3 FY25.
- Depreciation and amortization expenses stood at ₹180.63 million, reflecting consistent investment in assets.
Strategic & Corporate Updates
- Employee Stock Option Plan (ESOP):
- The company allotted 225,500 equity shares under the Credo Stock Option Plan 2020 during the quarter.
- IPO & Listing:
- The company completed its Initial Public Offering (IPO) in December 2023, raising ₹5,497.79 millionthrough an offer for sale.
- Shares were listed on NSE & BSE from December 27, 2023.
- Subsidiary Closure:
- KAPS Mercantile Private Limited, a wholly owned subsidiary, has applied for strike-off under Section 248(2) of the Companies Act, 2013.
Management Commentary
Kapil Khushlani, Chairman & Managing Director of Credo Brands Marketing Limited, stated: "Our strong Q3 FY25 results highlight the resilience of our brand and business model. Despite a competitive retail environment, our focus on premium men’s fashion and operational efficiency has driven consistent growth. We remain committed to expanding our reach and delivering value to our stakeholders."Outlook & Future Prospects
- The company expects continued revenue momentum, driven by:
- Expansion of its retail presence.
- Strengthened brand positioning in men’s casual wear.
- Strategic cost optimizations and digital transformation efforts.
- The impact of consumer demand trends and macroeconomic factors will be closely monitored.