Incorporated in 1998, Credo Brands Marketing retails casual clothing for men under its flagship brand 'Mufti.'
Strong distribution network: As of September 30, 2023, it had 1,807 retail touchpoints.
Brick-and-mortar stores account for a significant portion of its revenue. In FY23, only 5.1 per cent of the revenue came from online distribution channels.
Lack of exclusivity agreements with manufacturers. It outsources its manufacturing but does not have exclusive agreements with the manufacturers.
Are Credo Brands' earnings before tax more than Rs 50 crore in the last 12 months? Yes, the company's earnings before tax was Rs 104 crore as of March 31, 2023.