Credo Brands Board Approves Financial Results, Recommends ₹2 Dividend; Reappoints Chairman
Credo Brands Marketing Limited announced significant updates following its Board of Directors meeting held on May 21, 2026. The Board approved the Audited Standalone Financial Statements for the year ended March 31, 2026, and the audited standalone financial results for the quarter and year ended March 31, 2026.In a key governance decision, the Board also recommended a dividend of ₹ 2.00 per equity share of ₹ 2 each for the financial year ended March 31, 2026.
Furthermore, based on the recommendation of the Nomination and Remuneration Committee, the Board approved the re-appointment of Mr. Kamal Khushlani as the Chairman and Managing Director of the Company. This appointment is effective from March 08, 2027, and covers a period of five years, subject to the approval of the Company's Members at the forthcoming Annual General Meeting.
Financial Performance Summary
The financial results for the quarter and year ended March 31, 2026, reflect key operational figures, detailed in the audited statements.The combined revenues showed the following figures (in Millions, unless otherwise stated):
| Particulars | March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|
| Revenue from operations | 1,623.04 | 5,921.03 |
| Other income | 42.19 | 108.50 |
| Total income | 11,665.23 | 61,029.53 |
Total expenses were reported at 11,459.16 Millions for the quarter ending March 31, 2026, compared to 51,377.56 Millions for the full year of the same period.
Despite the significant operational period, the net profit after tax was reported at 152.30 Millions for the quarter ending March 31, 2026, compared to 474.24 Millions for the full fiscal year.
Company Position and Liquidity
The company's balance sheet as of March 31, 2026, reported total assets of 8,019.34 Millions. This was supported by total equity and liabilities of 8,019.34 Millions.Key components of the balance sheet include:
- Total non-current assets: 3,560.04 Millions (up from 3,542.45 Millions in the previous year).
- Total current assets: 4,459.30 Millions (up from 4,149.85 Millions).
- Total equity: 4,386.00 Millions (Other equity stood at 4,255.26 Millions).
The company's liquidity profile, as shown in the audited statement of cash flows, indicates a net cash generation from operating activities of 1,323.35 Millions for the year ended March 31, 2026, compared to 1,591.20 Millions in the previous year.
The detailed breakdown of the audited assets and liabilities as of March 31, 2026, and the audited cash flows for the year ended March 31, 2026, have been made available alongside the announcements.
MUFTI Stock Price Movement
Today, Credo Brands Marketing Limited shares rallied to close at ₹81.98, securing an impressive 9.90% gain for the day. The stock finished its session on high volume, with a total of 359,415 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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