Credo Brands Marketing Limited — Updates, 28-10-2024: Press Release

Credo Brands Marketing Limited announced its unaudited financial results for Q2 and H1 FY25, highlighting a 12% revenue increase year-on-year. Despite challenges like subdued demand, the company opened 17 new stores, bringing the total to 427. Operating cash flow was reported at Rs. 64 crores, with a debt-equity ratio of 0.05x. Gross profit margins remained stable, and management anticipates stronger demand due to the festive season and upcoming marriage events.