Mumbai, Aug. 1 -- Profit before tax (PBT) declined 36.93% YoY to Rs 8.23 crore in Q1 FY26.

EBITDA stood at Rs 31 crore in Q1 FY26, registering de-growth of 7% compared with Rs 33.4 crore in Q1 FY25. EBITDA margin contracted 100 bps to 25.9% in Q1 FY26 from 26.9% in Q1 FY25.

Mufti added 3 new Exclusive Brand Outlets (EBOs) on a net basis in Q1 FY26, bringing the total store count to 444 as of 30th June 2025.

Kamal Khushlani, chairman & MD, Credo Brands Marketing, said, "During the quarter, revenues remained steady at approximately Rs.120 crores, reflecting the continued softness in discretionary spending, particularly across Tier 2 and Tier 3 markets, where consumer sentiment remains muted.

We at MUFTI, are entering into a phase of tra...