Credo Brands Marketing, which manages the men’s casual apparel label ‘Mufti’, reported its July-September quarter results for fiscal 2023-24 (Q2FY ’24). The company’s consolidated net profit increased by 5.7 per cent to Rs. 37 crore, compared to Rs. 35 crore in 2023.
In the second quarter of the current FY, the company’s income from operations increased by 16 per cent to Rs. 165.62 crore, up from Rs. 143 crore in FY ’24.
Following the Credo Brands IPO, the company’s equity shares were listed on the National Stock Exchange of India Limited and BSE Limited on 27th December 2023. As a result, the Consolidated Financial Results for the quarter and six months ended 30th September 2023 are prepared for the first time in line with SEBI Listing Regulations,” Credo Brands stated in a regulatory filing to the stock market.
Credo Brands Marketing Limited was formed on 29th April 1999. Its flagship brand, “Mufti,” sells casual men’s clothes. The company’s product mix has changed dramatically over the last few years, from only shirts, T-shirts, and trousers in 1998 to sweatshirts, jeans, cargos, chinos, jackets, blazers, and sweaters in relaxed holiday casuals, authentic daily casuals, urban casuals, party wear, and athleisure categories.
