Mufti

Mumbai, India Founded: 2023 • Age: 3 yrs Listed
Casual mens clothing is designed, manufactured, and marketed.

About Mufti

Mufti is a publicly listed company based in Mumbai (India) founded in 2023 by Kamal Khushlani. Casual mens clothing is designed, manufactured, and marketed. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model. The company has 16 employees. Its chief executive, as recorded, is Kamal Khushlani. Its Indian entity Credo Brands Marketing Limited reported revenue of β‚Ή663 Cr. Mufti offers products and services including Men's Clothing and Athleisure Wear. Its focus areas include Consumer Goods, Apparel and Men's Clothing. Its competitors include Hopscotch, Bewakoof and Styched; 3 of its 3 listed competitors have raised funding.

Company details

Mens apparel is designed, manufactured, and distributed by Mufti under Credo Brands Marketing Limited. Operations are focused on the Indian market with a wide range of clothing categories including shirts, jeans, polos, t-shirts, sweatshirts, outerwear, and athleisure. Accessibility is ensured through a nationwide presence with over 1800 outlets, including exclusive brand outlets, multi-brand outlets, and department stores. The brand caters to diverse moods and moments in mens lives, emphasizing style and expression. Sourcing is conducted both domestically and internationally to meet annual procurement needs of over 4 million units.

  • Headquarters Mumbai, India
  • Employees 16
  • Founders Kamal Khushlani
  • Stage Public
  • Sectors
    Retail
  • Website credobrands.in
  • Social LinkedIn YouTube
  • Legal Name Credo Brands Marketing Limited
Key Metrics
  • Market Cap
    ₹526 Cr

    MUFTI · NSE

  • Share Price
    ₹76.55

    -4.81% today

  • Revenue
    ₹680 Cr

    FY 2024-25 · +7.9% YoY

  • EBITDA
    ₹180 Cr

    Margin 26.4%

  • Net Profit
    ₹69.18 Cr

    FY 2024-25 · +16.1% YoY

  • P/E (TTM)
    7.4x

    P/B 1.3x

  • ROE
    18.2%

    ROCE 17.6%

  • Debt / Equity
    0.65

    Interest cover 22.9x

  • Employee Count
    16

Products & Services of Mufti

Mufti offers a comprehensive portfolio of products and services, including Men's Clothing and Athleisure Wear.

Men's Clothing
Apparel

Men's clothing is offered across various casual styles.

Athleisure Wear
Apparel

Athleisure wear is provided for active lifestyle needs.

Apps and channels of Mufti

its YouTube channel Mufti Jeans has 25.1K subscribers and 30 videos.

Mufti Jeans
YouTube 25.1K subscribers 30 videos Howto & Style
Open channel

Videos from Mufti

The most watched videos on Mufti's YouTube channel, Mufti Jeans (25.1K subscribers). Click a video to play it here.

Mufti's Autumn Winter '23.
63M views
All Same By Mufti | All Beige
10.8M views
All Same By Mufti | All Sage
9.4M views
All Same By Mufti | All Lilac
4.7M views

More on Mufti Jeans.

Board of directors of Credo Brands Marketing Limited (Mufti)

Credo Brands Marketing Limited is the primary company behind Mufti. The board of Credo Brands Marketing Limited currently have 6 directors; the longest-serving is Kamal D Khushlani, appointed in 1999. 7 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Kamal D Khushlani
DIN 00638929
Managing Director29 Apr 199927 yrs 6 moCredo Brands Marketing Limited
Poonam Khushlani
DIN 01179171
Whole-time director29 Apr 199927 yrs 6 moCredo Brands Marketing Limited
Amer Inayat Jaleel
DIN 03194596
Director05 Nov 20206 yrsCredo Brands Marketing Limited
Paresh Vasant Bambolkar
DIN 00260136
Director09 May 20233 yrs 6 moCredo Brands Marketing Limited
Manoj Nakra
DIN 08566768
Director09 May 20233 yrs 6 moCredo Brands Marketing Limited
Ramona Haresh Jogeshwar
DIN 10100012
Director09 May 20233 yrs 6 moCredo Brands Marketing Limited

People of Mufti

1 people are tracked at Mufti (1 in leadership); the tracked headcount is 16.

NameRoleGroup
Founder & CEOLeadership
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IPO & Listings of Mufti

Mufti is a publicly listed company on the NSE with ticker symbol MUFTI in India, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date27 Dec 2023
  • Listed onNSE: MUFTI · BSE: 544058
  • Listed entityCredo Brands Marketing Limited
  • Exchange sectorRetail trade
  • ISININE220Q01020
  • Share price₹70.09 (+1.18% on the day) · 2026-10-14
  • Market capitalisation₹454 Cr
  • Price to earnings10.6
  • EPS (diluted, trailing year)₹6.64
  • Dividend yield2.88%
  • Volume (last session)33,030

Financials of Mufti

Exchange-reported figures of Credo Brands Marketing Limited, the listed company behind Mufti (NSE: MUFTI).

Financial Highlights

FY 2024-25 Β· Consolidated
Revenue
₹680 Cr
+7.9% YoY
EBITDA
₹180 Cr
+12.0% YoY
Profit After Tax
₹69.18 Cr
+16.1% YoY
Net Worth
₹410 Cr
+20.0% YoY
Total Assets
₹692 Cr
+8.4% YoY
Total Debt
₹237 Cr
-6.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue680630537341245
Revenue growth+7.9%+17.4%+57.3%+39.4%-
EBITDA18016116495.1048.48
EBITDA margin+26.5%+25.5%+30.5%+27.9%+19.8%
Profit before tax91.8078.9010447.834.01
Net profit69.1859.5977.8036.113.15
Net profit margin+10.2%+9.5%+14.5%+10.6%+1.3%
EPS (β‚Ή)10.479.18241.10111.9710.78
Balance sheet
Total assets692639513425369
Net worth410342281236192
Total debt237253192154144
Cash & bank45.392.498.9151.4125.97
Net working capital338296226201165
Cash flow
Cash from operations15956.2672.4178.3895.64
Cash from investing(19.70)(34.56)(19.09)(27.95)(5.91)
Cash from financing(95.83)(27.77)(81.87)(39.04)(66.09)
ParticularsMar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023Jun 2023
Revenue153156186124133150166118
Revenue growth (YoY)+15.1%+3.6%+12.1%+4.6%+0.2%---
Other income2.871.480.521.201.461.051.170.94
EBITDA41.1247.6557.6433.3730.9342.5156.8330.25
EBITDA margin+26.8%+30.6%+31.1%+26.9%+23.2%+28.3%+34.3%+25.5%
Depreciation18.5618.0616.5015.4316.1116.1815.3914.51
Interest6.486.616.306.086.406.665.635.37
Profit before tax18.9524.4635.3613.069.8820.7236.9811.31
Tax5.116.148.893.282.825.149.002.73
Net profit13.8418.3226.479.787.0615.5827.988.58
EPS (β‚Ή)2.132.814.101.521.102.424.351.33
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue652680630537341293450
Revenue growth-4.0%+7.9%+17.4%+57.3%+16.3%-34.8%-
EBITDA15318016116293.1028.4643.82
EBITDA margin+23.4%+26.5%+25.5%+30.1%+27.3%+9.7%+9.7%
Profit before tax63.8091.8378.8510445.8412.0626.23
Net profit50.8969.2159.5477.7334.119.5916.18
Net profit margin+7.8%+10.2%+9.5%+14.5%+10.0%+3.3%+3.6%
EPS (β‚Ή)7.2510.479.18240.91105.7429.0348.45
Balance sheet
Total assets712692639513425246264
Net worth439410342281236198188
Total debt22823725319215415.1643.37
Cash & bank72.6145.392.488.8951.3325.881.85
Net working capital356338296226201162174
Cash flow
Cash from operations13215956.2674.5278.3861.1625.34
Cash from investing(35.39)(19.70)(34.56)(21.21)(27.95)(6.79)(14.32)
Cash from financing(89.73)(95.83)(27.77)(81.80)(39.02)(30.74)(11.10)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue189125162146164120153156
Revenue growth (YoY)+15.6%+4.4%+5.9%-6.0%-11.8%-3.2%--
Other income2.342.104.223.111.911.622.871.48
Total expenses13098.6912111411688.89112108
EBITDA59.4626.5841.5132.1148.1331.0541.1147.68
EBITDA margin+31.4%+21.2%+25.6%+22.0%+29.4%+25.9%+26.8%+30.7%
Depreciation19.0419.2418.7818.9918.3818.2318.5618.06
Interest6.186.296.346.546.396.206.486.61
Profit before tax36.583.1520.619.6925.278.2418.9424.49
Tax9.340.865.372.676.391.935.116.14

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsMar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023Jun 2023
Revenue153156186124133150166118
Revenue growth (YoY)+15.1%+3.6%+12.1%+4.6%+0.2%---
Other income2.871.480.521.201.461.051.170.94
EBITDA41.1247.6557.6433.3730.9342.5156.8330.25
EBITDA margin+26.8%+30.6%+31.1%+26.9%+23.2%+28.3%+34.3%+25.5%
Depreciation18.5618.0616.5015.4316.1116.1815.3914.51
Interest6.486.616.306.086.406.665.635.37
Profit before tax18.9524.4635.3613.069.8820.7236.9811.31
Tax5.116.148.893.282.825.149.002.73
Net profit13.8418.3226.479.787.0615.5827.988.58
EPS (β‚Ή)2.132.814.101.521.102.424.351.33
ParticularsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue680630537341245
Revenue growth+7.9%+17.4%+57.3%+39.4%-
Other income6.084.6111.1413.6616.33
Total expenses500469373246196
Employee cost32.0631.5526.7629.1821.83
EBITDA18016116495.1048.48
EBITDA margin+26.5%+25.5%+30.5%+27.9%+19.8%
Depreciation68.5662.1953.4345.8944.08
Interest25.4824.0617.7515.0416.72
Profit before tax91.8078.9010447.834.01
Tax23.4219.7026.2912.100.57
Net profit69.1859.5977.8036.113.15
Net profit margin+10.2%+9.5%+14.5%+10.6%+1.3%
EPS (β‚Ή)10.479.18241.10111.9710.78
ParticularsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital13.0612.903.223.193.19
Reserves & surplus397329278233189
Shareholders' funds (net worth)410342281236192
Minority interest0.000.000.000.000.00
Secured loans1.4237.5410.0813.4015.17
Unsecured loans236216182141129
Total debt237253192154144
Total liabilities692639513425369
Assets
Gross block441409335225211
Net block291281237179167
Capital work in progress0.700.830.210.560.44
Investments0.000.000.000.000.00
Inventories10212511365.7458.61
Sundry debtors239212137124122
Cash & bank balances45.392.498.9151.4125.97
Loans & advances28.6627.0028.0211.075.90
Total current assets415367288252213
Total current liabilities77.0971.1461.8650.9048.15
Net working capital338296226201165
Total assets692639513425369
ParticularsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash1.667.7236.2724.881.24
Net cash from operating activities15956.2672.4178.3895.64
Net cash from investing activities(19.70)(34.56)(19.09)(27.95)(5.91)
Net cash from financing activities(95.83)(27.77)(81.87)(39.04)(66.09)
Net change in cash43.57(6.06)(28.55)11.3923.63
Closing cash45.392.498.9151.4125.97
ParticularsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+7.9%+17.4%+57.3%+39.4%-
EBITDA growth+12.0%-2.0%+72.3%+96.2%-
PBT growth+16.4%-24.0%+117.0%+1092.8%+9997.0%
Net income growth+16.1%-23.4%+115.5%+1046.4%-
Revenue CAGR (3Y)+25.8%+37.0%---
EBITDA CAGR (3Y)+23.6%+49.1%---
Profitability & leverage
Net income margin+10.1%+9.4%+14.4%+10.5%+1.4%
Return on capital employed+17.6%+17.9%+25.9%+15.8%+5.9%
Return on net worth+18.2%+19.0%+30.0%+16.7%+1.6%
Debt / equity0.650.710.670.700.75
Long-term debt / equity0.510.550.540.560.61
Interest cover22.9124.4616.0730.56380.00
Efficiency & per share
Fixed asset turnover1.601.691.921.571.16
Inventory turnover5.995.295.995.494.18
Debtors turnover3.013.604.112.772.00
EPS (β‚Ή)10.479.18241.10111.9710.78
Dividend per share (β‚Ή)3.000.500.000.000.00
Book value per share (β‚Ή)62.8052.99875.12738.49602.55
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue189125162146164120153156
Revenue growth (YoY)+15.6%+4.4%+5.9%-6.0%-11.8%-3.2%--
Other income2.342.104.223.111.911.622.871.48
Total expenses13098.6912111411688.89112108
EBITDA59.4626.5841.5132.1148.1331.0541.1147.68
EBITDA margin+31.4%+21.2%+25.6%+22.0%+29.4%+25.9%+26.8%+30.7%
Depreciation19.0419.2418.7818.9918.3818.2318.5618.06
Interest6.186.296.346.546.396.206.486.61
Profit before tax36.583.1520.619.6925.278.2418.9424.49
Tax9.340.865.372.676.391.935.116.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue652680630537341293450
Revenue growth-4.0%+7.9%+17.4%+57.3%+16.3%-34.8%-
Other income10.856.084.6113.1413.661.672.17
Total expenses500500469375248265406
Employee cost35.4232.0631.5526.7429.1821.1836.79
EBITDA15318016116293.1028.4643.82
EBITDA margin+23.4%+26.5%+25.5%+30.1%+27.3%+9.7%+9.7%
Depreciation74.3768.5762.2353.4345.8912.5813.19
Interest25.4725.5024.0617.7415.035.496.57
Profit before tax63.8091.8378.8510445.8412.0626.23
Tax16.3823.4219.7026.2912.102.8010.76
Net profit50.8969.2159.5477.7334.119.5916.18
Net profit margin+7.8%+10.2%+9.5%+14.5%+10.0%+3.3%+3.6%
EPS (β‚Ή)7.2510.479.18240.91105.7429.0348.45
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital13.0713.0612.903.223.193.193.19
Reserves & surplus426397329278233195185
Shareholders' funds (net worth)439410342281236198188
Secured loans0.001.4237.5410.0813.4015.1643.37
Unsecured loans2282362161821410.000.00
Total debt22823725319215415.1643.37
Total liabilities712692639513425246264
Assets
Gross block464441409335225105104
Net block27629128123717940.6647.48
Capital work in progress0.760.700.830.210.560.440.78
Investments0.000.000.000.000.010.000.00
Inventories11010212511365.7458.6160.04
Sundry debtors236239212137124122143
Cash & bank balances72.6145.392.488.8951.3325.881.85
Loans & advances26.6828.6627.0028.0211.071.672.04
Total current assets446415367288252209207
Total current liabilities90.0077.0971.1461.8550.8746.9232.81
Net working capital356338296226201162174
Total assets712692639513425246264
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash45.231.657.7136.2024.791.161.25
Net cash from operating activities13215956.2674.5278.3861.1625.34
Net cash from investing activities(35.39)(19.70)(34.56)(21.21)(27.95)(6.79)(14.32)
Net cash from financing activities(89.73)(95.83)(27.77)(81.80)(39.02)(30.74)(11.10)
Net change in cash7.2243.58(6.06)(28.49)11.4023.63(0.08)
Closing cash72.6145.392.488.8951.3325.881.85
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-4.0%+7.9%+17.4%+57.3%+16.3%-34.8%-
EBITDA growth-15.0%+12.0%-0.8%+73.8%+227.1%-35.1%-
PBT growth-30.5%+16.5%-24.0%+126.3%+280.1%-54.0%+4.3%
Net income growth-26.5%+16.2%-23.4%+127.9%+255.7%-40.7%-
Revenue CAGR (3Y)+6.7%+25.8%+29.0%+6.1%-4.8%--
EBITDA CAGR (3Y)-1.9%+24.5%+78.0%+54.6%+36.3%--
Profitability & leverage
Net income margin+7.3%+10.1%+9.4%+14.4%+9.9%+3.2%+3.4%
Return on capital employed+12.7%+17.6%+17.9%+25.9%+18.2%+6.9%+12.7%
Return on net worth+11.2%+18.2%+19.0%+30.0%+15.6%+4.8%+8.2%
Debt / equity0.550.650.710.670.390.150.20
Long-term debt / equity0.450.510.550.540.310.070.04
Interest cover32.4822.9224.4816.3731.8434.5721.45
Efficiency & per share
Fixed asset turnover1.441.601.691.922.072.814.66
Inventory turnover6.155.995.295.995.494.957.10
Debtors turnover2.743.013.604.122.772.213.49
EPS (β‚Ή)7.2510.479.18240.91105.7429.0348.45
Dividend per share (β‚Ή)2.003.000.500.000.000.000.00
Book value per share (β‚Ή)67.0962.8052.98875.14738.70620.66589.15

Competitors of Mufti

Mufti has 3 listed competitors in our database, 3 of them funded. They include Hopscotch, Bewakoof and Styched.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
hopscotch.in2012Thane, India$71M109
Apparel and accessories for children are provided online.
bewakoof.com2011Mumbai, India$39.49M161
Multi-category fashion products are sold by an internet-first brand.
styched.in2019Bengaluru, India$925,098
Multi-category fashion for men and women is offered online.
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Detailed competitors of Mufti

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Web traffic of Mufti

The website of Mufti (credobrands.in) receives about 3.3K visits a month.

  • Monthly visits
    3.3K

    ▲ 25.4% vs previous month

Similar websites

Websites whose visitors overlap most with Mufti. Affinity shows how closely the audiences match.

Top companies in Fashion & Lifestyle E-Commerce

3 companies that operate in the same segment as Mufti (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Eyewear is offered online for men, women, and kids.
2010Gurugram, Haryana, IndiaUSD 1.04 BUSD 939.4 M18,984
Fashion and lifestyle products are offered via an online marketplace.
2007Bengaluru, Karnataka, IndiaUSD 123.71 MUSD 639.15 M1,031
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed.
2019Bengaluru, Karnataka, IndiaUSD 144.58 MUSD 32.66 M711
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Related news about Mufti

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Frequently Asked Questions about Mufti

Mufti was founded in 2023.

Mufti is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Kamal Khushlani is the CEO of Mufti, as recorded in our data. They have also founded this company.

Mufti has 16 employees.

The primary company behind Mufti, Credo Brands Marketing Limited, reported revenue of β‚Ή663 Cr for FY 2026, down 4% year on year.

Mens apparel is designed, manufactured, and distributed by Mufti under Credo Brands Marketing Limited. Operations are focused on the Indian market with a wide range of clothing categories including shirts, jeans, polos, t-shirts, sweatshirts, outerwear, and athleisure. Accessibility is ensured through a nationwide presence with over 1800 outlets, including exclusive brand outlets, multi-brand outlets, and department stores. The brand caters to diverse moods and moments in mens lives, emphasizing style and expression. Sourcing is conducted both domestically and internationally to meet annual procurement needs of over 4 million units.

Mufti's top competitors include Hopscotch, Bewakoof and Styched.

Mufti offers Men's Clothing and Athleisure Wear.

Yes, Mufti is publicly traded on NSE under the ticker symbol MUFTI.

Mufti operates through Credo Brands Marketing Limited.

The legal entities of Mufti currently have 8 directors, including Paresh Vasant Bambolkar, Kamal D Khushlani, Amer Inayat Jaleel and others.

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