Date: November 04, 2026

Board Meeting Outcomes

The Board of Directors meeting was held on November 04, 2026, commencing at 4:45 p.m. and concluding at 5:30 p.m. The Board approved the Un-audited Standalone Financial Results of the Company for the quarter and half year ended September 30, 2026, as recommended by the Audit Committee. No other material decisions were announced.

Financial Results (Standalone)

Quarterly Performance (Q2 FY27 ended September 30, 2026)

  • Revenue from operations: ₹1,893.01 million
  • Other Income: ₹23.36 million
  • Total Income: ₹1,916.37 million
  • Total Expenses: ₹1,550.57 million
  • Profit before exceptional items and tax: ₹365.80 million
  • Exceptional items: ₹0.00 million (None in current quarter; Refer to Note 4 for prior year impact)
  • Profit before tax: ₹365.80 million
  • Tax expense: ₹93.33 million (Current tax: ₹148.47 million, Deferred tax credit: ₹(55.14) million)
  • Net profit after tax: ₹272.47 million
  • Other comprehensive income (net of tax): ₹1.12 million
  • Total comprehensive income: ₹273.59 million
  • Earnings per share (EPS) (face value ₹2 per share, not annualized):
  • Basic: ₹4.17
  • Diluted: ₹4.16

Half-Yearly Performance (H1 FY27 ended September 30, 2026)

  • Revenue from operations: ₹3,145.70 million
  • Other Income: ₹44.31 million
  • Total Income: ₹3,190.01 million
  • Total Expenses: ₹2,792.78 million
  • Profit before exceptional items and tax: ₹397.23 million
  • Exceptional items: ₹0.00 million
  • Profit before tax: ₹397.23 million
  • Tax expense: ₹101.91 million (Current tax: ₹148.47 million, Deferred tax credit: ₹(46.56) million)
  • Net profit after tax: ₹295.32 million
  • Other comprehensive income (net of tax): ₹1.30 million
  • Total comprehensive income: ₹296.62 million
  • Earnings per share (EPS) (face value ₹2 per share, not annualized):
  • Basic: ₹4.52
  • Diluted: ₹4.51

Comparative Figures

Quarter ended June 30, 2026 (Q1 FY27)

  • Revenue from operations: ₹1,252.69 million
  • Net profit after tax: ₹22.85 million
  • Basic EPS: ₹0.35

Quarter ended September 30, 2025 (Q2 FY26)

  • Revenue from operations: ₹1,637.26 million
  • Net profit after tax: ₹188.72 million
  • Basic EPS: ₹2.89

Year ended March 31, 2026 (FY26)

  • Revenue from operations: ₹5,921.03 million
  • Net profit after tax: ₹474.24 million
  • Basic EPS: ₹7.26

Balance Sheet Highlights (as at September 30, 2026)

Assets

  • Total Assets: ₹8,177.91 million (vs. ₹8,019.34 million as at March 31, 2026)
  • Non-current assets: ₹3,518.70 million
  • Property, plant and equipment: ₹679.01 million
  • Right of use assets: ₹1,924.23 million
  • Deferred tax assets (net): ₹400.25 million
  • Current assets: ₹4,659.21 million
  • Inventories: ₹1,306.83 million
  • Trade receivables: ₹2,851.82 million
  • Cash and cash equivalents: ₹127.84 million

Equity and Liabilities

  • Total Equity: ₹4,553.51 million
  • Equity share capital: ₹130.79 million (face value ₹2 per share)
  • Other equity: ₹4,422.72 million
  • Total Liabilities: ₹3,624.40 million
  • Non-current liabilities: ₹2,152.19 million
  • Lease liabilities: ₹1,726.55 million
  • Current liabilities: ₹1,472.21 million
  • Trade payables: ₹453.28 million
  • Current tax liabilities (net): ₹76.96 million

Cash Flow Statement (H1 FY27)

  • Cash flows from operating activities: ₹41.48 million
  • Cash generated from operations: ₹157.48 million
  • Income tax paid (net): ₹(116.00) million
  • Cash flows from investing activities: ₹43.55 million
  • Purchase of property, plant and equipment: ₹(124.44) million
  • Proceeds from bank deposits: ₹150.00 million
  • Cash flows from financing activities: ₹(481.64) million
  • Repayment of lease liabilities: ₹(339.94) million
  • Dividend paid: ₹(130.74) million
  • Interest paid: ₹(11.71) million
  • Net decrease in cash and cash equivalents: ₹(396.61) million
  • Cash and cash equivalents at beginning of period: ₹524.45 million
  • Cash and cash equivalents at end of period: ₹127.84 million

Notes to Financial Results

  • The financial results were reviewed by the Audit Committee and approved by the Board on November 04, 2026. Statutory Auditors M S K C & Associates LLP conducted a limited review and issued an unmodified review report.
  • The results are prepared in accordance with Indian Accounting Standard 34 (Ind AS 34).
  • Note 4 - Exceptional Item: During FY26, the company recognized a past service cost of ₹13.97 million related to the implementation of New Labour Codes (effective November 21, 2025), which impacted gratuity calculations. This was presented as an exceptional item in FY26.
  • Note 5 - Segment Reporting: The company operates as a single business segment - retailing of men's casual wear.
  • Note 6: The company has no subsidiary, associate, or joint venture company.
  • The financial results are available on the company's website (www.credobrands.in) and stock exchange websites.

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified (The cash flow statement shows dividend paid of ₹130.74 million for H1 FY27, but no new declaration is mentioned in this announcement)

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Not Specified