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(26/08/2026 19:00)

Credo Brands Mkt. Q1 net profit down 63.65% at Rs 2.29 cr

The company reported standalone net profit of Rs 2.29 crore for the quarter ended June 30, 2026 as compared to Rs 6.30 crore in the same period last year, registering a year-on-year decline of 63.65 per cent.

Net revenue of the company rose marginally by 4.44 per cent at Rs 125.27 crore in April-June quarter of this fiscal as against Rs 119.94 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 11.02 per cent to Rs 98.69 crore from Rs 88.89 crore in year ago period.

Other Income grew by 29.63 per cent at Rs 2.10 crore versus (Jun'25 Rs 1.62 crore).

Operating Profit slipped by 14.40 per cent to Rs 26.58 crore as against Rs 31.05 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 18.01 per cent in June quarter.

Interest grew by 1.45 per cent y-o-y to Rs 6.29 crore, while Taxation decreased by 55.44 per cent at Rs 0.86 crore (Jun'25 Rs 1.93 crore).