Credo Brands Q2 FY27 Revenue Jumps 16% to ₹189 Crore, PAT Up 45%
Credo Brands reported Q2 FY27 revenue of ₹189.3 crore, up 16% YoY, and PAT of ₹27.3 crore, up 45% YoY. H1 FY27 revenue grew 11% to ₹314.6 crore, with PAT up 18% to ₹29.6 crore. The company has 419 EBOs and is focusing on premiumization with its 'New Mufti 2.0' stores, of which 57 are operational.
The announcement contains key financial results, including significant revenue and profit growth, which are material for investors and directly impact the company's valuation and stock performance.
The company reported strong year-on-year growth in revenue, gross profit, EBITDA, and PAT for both the quarter and half-year ended September 30, 2026. Management commentary also reflects optimism regarding performance and strategic initiatives.
Credo Brands Marketing Limited has announced its Unaudited Financial Results for the Quarter and Half Year ended 30th September 2026.
For the second quarter of FY27, the company reported a Total Revenue of ₹189.3 crore, marking a 16% year-on-year increase from ₹163.7 crore in Q2 FY26. Gross Profit grew by 19% to ₹111.0 crore, with Gross Margin expanding by 150 basis points to 58.6%. EBITDA saw a significant rise of 24% to ₹59.5 crore, and EBITDA Margin improved by 200 basis points to 31.4%. Profit After Tax (PAT) surged by 45% to ₹27.3 crore, with PAT Margin increasing by 290 basis points to 14.4%.
For the first half of FY27 (H1 FY27), Total Revenue stood at ₹314.6 crore, an 11% increase compared to ₹283.6 crore in H1 FY26. Gross Profit for H1 FY27 was ₹188.2 crore, up 12% from ₹167.3 crore in H1 FY26, and Gross Margin improved by 80 basis points to 59.8%. EBITDA grew by 9% to ₹86.1 crore, though EBITDA Margin saw a slight decrease of 50 basis points to 27.4%. PAT for H1 FY27 increased by 18% to ₹29.6 crore, with PAT Margin improving by 50 basis points to 9.4%.
The company reported 419 EBOs (Exclusive Brand Outlets) as of 30th September 2026. The sales mix for H1 FY27 comprised 53% EBO, 29% MBO (Multi-Brand Outlets), 4% LFS (Large Format Stores), 12% Online, and 2% Others. The product mix was led by Bottom wear (43%) and Shirts (42%). Working Capital Days stood at 217 days, while RoCE was 14.6% and RoE was 11.9% for H1 FY27. Marketing and advertising spends were 6.7% of revenue for H1 FY27.
Mr. Kamal Khushlani, Chairman & MD, commented on the results, highlighting the strong performance in H1 FY27 with revenue growth of 11% to ₹315 crore, supported by positive same-store sales growth. He noted Q2 FY27 as a milestone quarter with the highest-ever revenue of ₹189 crore. The company continues to operate with a debt-free balance sheet. He also mentioned the positive customer response to the new-format premium stores, with 14 new stores opened under the 'New Mufti 2.0' identity during the quarter, bringing the total to 57 stores. Investments in branding and digital platforms like Google and Meta are also contributing to refreshing the brand's perception.
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Credo Brands Marketing Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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