Credo Brands Marketing Ltd (NSE:MUFTI)
₹ 84.98 +0.35 (+0.41%) Market Cap: 5.56 Bil Enterprise Value: 7.06 Bil PE Ratio: 11.71 PB Ratio: 1.27 GF Score: 39/100

Q4 2026 Credo Brands Marketing Ltd Earnings Call Transcript

May 22, 2026 / 08:30AM GMT
Release Date Price: ₹89.26 (+8.88%)

Key Points

Positve
  • Credo Brands Marketing Ltd (NSE:MUFTI) reported a 6% year-on-year revenue growth in Q4 FY26, reaching INR162 crores, supported by an improved product mix and disciplined inventory management.
  • The company's gross profit grew by 15% year-on-year to INR96 crores, with a gross profit margin of 58.8% for the quarter.
  • The company's website business grew approximately 75% year-on-year in FY26, indicating strong digital engagement and brand visibility.
  • Credo Brands Marketing Ltd (NSE:MUFTI) maintained a healthy balance sheet, despite increased investments in advertising and branding.
  • The company is focusing on premiumization and brand building, with plans to open 20 new premium format stores, enhancing the brand's long-term relevance and consumer connect.
Negative
  • Consumer sentiment remained cautious throughout FY26, with discretionary spending uneven and footfalls across retail channels under pressure.
  • Same-store sales growth for the quarter was flat, indicating challenges in increasing sales per store.
  • The company plans to close approximately 20 underperforming stores in the coming financial year, reflecting ongoing challenges in certain locations.
  • Advertising and branding investments are expected to increase to 8% to 10% of revenues, potentially creating short-term pressure on profitability.
  • The broader operating environment remains uncertain due to geopolitical developments and inflationary trends, impacting near-term demand visibility.
Operator

Ladies and gentlemen, good day, and welcome to Credo Brands Marketing Limited Q4 and FY26 earnings conference call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Kamal Khushlani, Managing Director. Thank you, and over to you, Mr. Khushlani.

Kamal Khushlani
Credo Brands Marketing Ltd - Executive Chairman of the Board, Managing Director

Thank you, Renju. Good afternoon, everyone, and thank you for joining us today. I have with me Mr. Rasik Mittal, our Chief Financial Officer; and SGA, our Investor Relations Advisers. I trust you have received the investor presentation. If not, it is available on the stock exchange website as well as on our company website. Before coming to the company's

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