Credo Brands Marketing Ltd - 544058 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
Appointment of Statutoty Auditors30-08-2024
30-08-2024
Credo Brands Marketing Ltd - 544058 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Proceedings of AGM, voting results and Scrutiniser Report are enclosed.30-08-2024
Credo Brands Marketing Ltd - 544058 - Shareholder Meeting / Postal Ballot-Outcome of AGM
Proceeding of AGM, voting results and Scrutiniser Report are enclosed.30-08-2024
Credo Brands Marketing Ltd - 544058 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Allotment of Equity Shares under Credo Stock Option Plan 2020.17-08-2024
Credo Brands Marketing Ltd - 544058 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of Earning Call held on August 07, 202414-08-2024
Credo Brands Marketing Ltd - 544058 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the conference call held on August 07, 2024 on unaudited financial results of the Company for the quarter ended June 30, 2024, is available on the Company's website at https://www.credobrands.in/investors/financials/#acc_42.07-08-2024
Credo Brands Marketing Ltd - 544058 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication of Financial Results07-08-2024
Q1FY25 Quarterly Result Announced for Credo Brands Marketing Ltd.
Speciality Retail company Credo Brands Marketing announced Q1FY25 results: Financial Highlights: Revenue from Operations: Rs 123.9 crore in Q1FY25, representing a 5% increase compared to Rs 118.5 crore in Q1FY24. Gross Profit: Rs 72.6 crore in Q1FY25, a 9% increase from Rs 66.5 crore in Q1FY24. Gross Profit Margin: 58.6% in Q1FY25, up from 56.2% in Q1FY24. EBITDA: Rs 33.4 crore in Q1FY25, showing a 10% increase compared to Rs 30.3 crore in Q1FY24. EBITDA Margin: 26.9% in Q1FY25, improved from 25.5% in Q1FY24. Profit Before Tax (PBT): Rs 13.1 crore in Q1FY25, a 15% increase from Rs 11.3 crore in Q1FY24. Profit After Tax (PAT): Rs 9.8 crore in Q1FY25, up by 14% compared to Rs 8.6 crore in Q1FY24. PAT Margin: 7.9% in Q1FY25, an increase from 7.2% in Q1FY24. Commenting on the Result, Kamal Khushlani, Chairman & MD, Credo Brands Marketing said “MUFTI’s Revenues in Q1 FY25 grew by 5%, with EBITDA and PAT growing by 9% and 14% respectively, mainly due to cost optimization measures. The market for premium and mid-premium branded apparel continued to be subdued due to consumer behaviour influenced by an inflationary environment and a nationwide heatwave. Despite a difficult market, our SSSG growth for the quarter stood at 3%. Improved demand and increased foot traffic are anticipated in H2 FY25, driven by the marriages and upcoming festival season. In Q1 FY25, we added 5 net new stores to our portfolio, increasing our total store count to 430. We are optimistic about our continued store expansion efforts and aim to open between 25-30 new stores during FY25. We plan to expand our store network in existing and new cities. We have identified several markets as having potential for opening further EBOs. This offers the potential for market share gains, increased brand recognition and economies of scale. We are also looking to capitalize on the increasing e-commerce demand in Indian retail and grow our share of sales from own website and e-commerce partners. We intend to increase our salience a lot more on the digital platforms looking to improve market share in the D2C space. We continue to develop a strong brand identity through effective brand advertising and multiple marketing campaigns for our brand. Looking ahead, for FY25 the Company aspires to achieve mid-teens revenue growth backed by new store openings in new and existing geographies and subject to recovery in overall industry demand for Premium and Mid-Premium Brands. The Company is also targeting to improve profitability through implementation of various cost efficiency measures. Our sector's resilience, coupled with our adeptness in responding to evolving market dynamics and our commitments to technological advancements and product innovations, positions us favorably for attaining enduring growth. With focused expansion of our product portfolio, we intend to evolve brand Mufti as a 360°men’s lifestyle brand.” Result PDF06-08-2024
Credo Brands Marketing Ltd - 544058 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Media Release titled as "Q1FY25 Financial and Business Performance"06-08-2024
Credo Brands Marketing Ltd - 544058 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation on Unaudited Financial Results for quarter ended June 30, 202406-08-2024