Credo Brands Marketing Limited — Investor Meet, 16-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Credo Brands reported Q3 FY26 revenue of INR146.1 Cr and PAT of INR7 Cr, down year-over-year. For 9M FY26, revenue stood at INR430 Cr with PAT of INR32 Cr. Gross margins were temporarily impacted by GST changes, with benefits passed to customers. The company is advancing its "MUFTI 2.0" transformation, focusing on premium store experiences and merchandise. They opened 12 new-identity stores (27 new overall, 22 underperforming closed) in 9M. Ad spend will rise to 8-10% of revenue for brand awareness, impacting short-term profitability but seen as vital for long-term relevance. Despite muted apparel demand, management is confident in future growth, though Q4 revenue is expected to be 5-6% lower year-over-year. Website sales grew 87%.