Investor Presentation

------------------------------------------------------------------------------------------------------------------ November 04, 2026 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street, Mumbai – 400 001 Bandra Kurla Complex Bandra (E), Mumbai – 400 051 Scrip Code: 544058 Scrip Symbol: MUFTI Dear Sir/Madam, Sub: Presentation on Un-audited Financial Results for the quarter and half year ended September 30, 2026 Pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the presentation on Un-audited Financial Results for the quarter and half year ended September 30, 2026. The above is being made available on the Company's website i.e. www.credobrands.in. This is for your information and dissemination on your website. Thanking you, Yours faithfully, For Credo Brands Marketing Limited Sanjay Kumar Mutha Company Secretary and Compliance Officer Encl. As above Credo Brands Marketing Limited Investor Presentation November’26 MUFTI - Premium Retail Experience × Elevated Merchandise × Brand Storytelling Safe Harbor This presentation has been prepared by and is the sole responsibility of Credo Brands Marketing Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer or recommendation to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment thereof. In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. There is no obligation to update, modify or amend this communication or to otherwise notify the recipient if the information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate. 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Important factors that could cause actual results, performance or achievements to differ materially include, among others: (a) our ability to successfully implement our strategy, (b) our growth and expansion plans, (c) changes in regulatory norms applicable to the Company, (d) technological changes, (e) investment income, (f) cash flow projections, and (g) other risks. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes. Q2 & H1FY27 FINANCIAL HIGHLIGHTS MD’s Comments Commenting on the Result, Mr. Kamal Khushlani, Chairman & MD, Credo Brands Marketing Limited said “The first half of the year has been a strong one for Mufti, and an encouraging sign that the choices we have made over the past year are beginning to reflect in our performance. In H1 FY27, revenue grew 11% year-on-year to Rs. 315 crore, supported by positive same-store sales growth. Q2 was a milestone quarter for us, with revenue of Rs. 189 crore, our highest-ever. Gross profit for the half year grew 12% to Rs. 188 crore, and gross margins expanded by 80 bps to 59.8%, driven by a richer product mix and better price realisations. EBITDA grew 9% to Rs. 86 crore at a margin of 27.4%, and Profit After Tax grew 18% to Rs. 30 crore. We continue to operate with a debt-free balance sheet. Our new-format premium stores are doing well, and the response from customers has been encouraging. These stores bring the elevated Mufti experience to life through better design, curation and service, and they are becoming the template for how we want the brand to look and feel across the network. During the quarter, we have opened 14 stores of the New Mufti 2.0 identity (including renovated 12 stores). As on today, we have 57 Stores under New Mufti 2.0 identity. We will keep reshaping the network with the same discipline, prioritizing productivity over pure store count. We have also made a real step up in the quality of our merchandise, with sharper designs, better fabrics and improved fits and finishes across categories. Customers are recognizing this, and it is visible in our numbers: average selling prices rising, with shirts, t-shirts and bottom wear all Mr. Kamal Khushlani seeing healthy improvement in sales. PROMOTER AND CMD Our increased investment in branding is starting to show green shoots. Campaigns such as Prateik x Mufti, Flow Linen and Havana, amplified through digital platforms like Google and Meta, have helped refresh how potential consumers see the brand. This is now the third consecutive quarter of positive SSSG, a meaningful turnaround. Brand building takes time, but the early signals give us confidence that we are investing in the right direction. Mufti 2.0 is a multi-year journey, and we are progressing steadily along it. We will keep working on our merchandise mix and a reimagined store experience that reflects where the brand is headed, so that we can bring more customers into our stores, convert more of those visits into purchases, and build healthier sales as the season unfolds. Our aspiration is unchanged: to make Mufti one of India’s most loved and enduring home-grown menswear brands and a leading name in premium clothing, built with discipline and with profitability and sustainability at its core.” Q2 FY27 Operational & Financial Performance 1.9% Rs. 189.3 crores +16% YoY 419 1.4% Shirts 13.2% Bottomwear Revenue from Operations Total Store Count 38.3% T-shirts Outerwear Other Rs. 111.0 crores +19% YoY 58.6% +150 bps YoY 45.2% Gross Profit Gross Profit Margin Product Mix (Q2 FY27) Rs. 59.5 crores +24% YoY 31.4% +200 bps YoY 11.9% EBOs 1.5% 3.5% EBITDA EBITDA Margin MBO 47.1% Online Others 36.0% Rs. 27.3 crores 14.4% +45% YoY +290 bps YoY Profit After Tax (PAT) PAT Margin Sales Mix (Q2 FY27) H1 FY27 Operational & Financial Performance 0.9% Rs. 314.6 crores +11% YoY 419 12.2% 2.6% Shirts Bottomwear Revenue from Operations Total Store Count 41.6% T-shirts Outerwear Other Rs. 188.2 crores +12% YoY 59.8% +80 bps YoY 42.7% Gross Profit Gross Profit Margin Product Mix (H1 FY27) 2.8% Rs. 86.1 crores +9% YoY 27.4% -50 bps YoY 11.8% EBOs 4.0% EBITDA EBITDA Margin MBO 52.7% Online 28.7% Others Rs. 29.6 crores 9.4% +18% YoY +50 bps YoY Profit After Tax (PAT) PAT Margin Sales Mix (H1 FY27) Cash Flow & Balance Sheet Working Capital (in Days) Cash Flow from Operations (Rs. Crs.) Inventory Debtors Creditors Post IND AS 116 184 196 217* 162 159 67 65 69 16 16 14 FY 25 FY 26 H1 FY27 Return on Capital Employed^* Return on Equity [Showing first 8,000 characters — download PDF for full document]