Credo Brands Marketing Limited (MUFTI), a leading player in men’s casual wear in India, has announced its Unaudited Financial Results for the Quarter and Half Year ended 30th September 2026. The company reported a revenue growth of 16% year-on-year to Rs. 189 crore in Q2 FY27 and 11% to Rs. 315 crore in H1 FY27. EBITDA grew by 24% to Rs. 59.5 crore in Q2 FY27 and 9% to Rs. 86 crore in H1 FY27. Profit After Tax (PAT) grew by 45% to Rs. 27.3 crore in Q2 FY27 and 18% to Rs. 29.6 crore in H1 FY27.

MUFTI 2.0 Transformation

The company has continued its premiumization journey with elevated stores, sharper merchandise, and stronger brand storytelling. New-format premium stores in strategic locations have received encouraging consumer response. The company is focused on improving retail productivity through selective store rationalization and expansion into premium retail destinations.

Digital & Omnichannel Capabilities

MUFTI has strengthened its digital and omnichannel capabilities with increased investments in digital marketing and content-led consumer engagement. The omnichannel strategy continues to connect online discovery with offline conversion. These initiatives aim at strengthening long-term consumer engagement and sustainable future growth.

Commenting on the results, 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.’ He further added that the company will continue to work on its merchandise mix and a reimagined store experience to bring more customers into stores and build healthier sales as the season unfolds.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Credo Brands Marketing Limited

Credo Brands Marketing Limited belongs to the Consumer Cyclical › Apparel Retail sector. Here’s a quick read on where the business and the stock stand today.

Credo drops 19.1% over three months and trades near its 52-week lows. Thin margins at 7.3% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue contracts at 5.9% CAGR. That signals structural headwinds, not a short-term blip. The stock sits at 10% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 5.9% yet the PEG reaches 99.00 — expensive for that growth. Furthermore, the stock drops 19.1% in three months. Neither value nor momentum supports this setup. It needs an earnings beat or a price reset first. Check Fundamentals of Credo Brands Marketing Limited.

V2 Retail Limited (V2RETAIL), one of India’s leading and fastest growing value retail company, has announced its financial results for the quarter and half year ended September 30, 2026. The company reported a strong growth momentum in H1 FY27 with revenue up 42% and margins expanding. The company’s strategic focus on reducing off-season discounting and driving a healthier sales mix resulted in gross margin expansion of 310 basis points, improving to 31.1% from 28.0% in Q2 FY26, underscoring its commitment to sustainable and profitable growth.

Q2 FY27 Performance

In Q2 FY27, revenue from operations reached ₹905.6 crore, delivering a robust 28% year-on-year growth despite the festive season demand being deferred to Q3 compared with the previous year. EBITDA for Q2 FY27 grew 41% year-on-year to ₹120.3 crore, from ₹85.4 crore in Q2 FY26. PAT for Q2 FY27 increased to ₹18.2 crore, compared with ₹17.2 crore in the corresponding quarter of the previous year, registering a 6% year-on-year growth.

H1 FY27 Performance

For H1 FY27, revenue from operations stood at ₹1,902.8 crores, registering a growth of 42% on Y-O-Y basis. EBITDA for H1 FY27 stood at ₹259.7 crores as compared to ₹172.7 crores in H1 FY26, registering a growth of 50% on Y-O-Y basis. PAT for the H1 FY27 stood at ₹60.9 crores as compared to ₹41.9 crores in H1 FY26, registering a growth of 43% on Y-O-Y basis.

The operating environment continues to remain favourable, supported by increasing consumption across non-metro markets, rising penetration of organised retail, and growing consumer preference for quality products at compelling value propositions. The company remains well positioned to capitalize on these structural growth opportunities through its differentiated value-fashion offering, strong brand equity, and expanding geographic presence.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of V2 Retail Limited

V2 Retail Limited belongs to the Consumer Cyclical › Apparel Retail sector. Here’s a quick read on where the business and the stock stand today.

V2 falls 22.3% over three months and has not found a floor yet. Thin margins at 5.2% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. The stock sits at 20% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 54.1% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of V2 Retail Limited.

Arvind Fashions Limited (AFL), India’s No.1 casual and denim player, has declared its financial results for the second quarter of FY27 ended Sept 30, 2026. The company reported its highest ever revenue and EBITDA, delivering a revenue growth of 10.0% and EBITDA growth of 15.5%.

Revenue Growth

Revenue grew by ~10.0% to Rs. 1,559 Crs compared to Rs. 1,418 Crs in Q2 FY26, aided by 15.4% growth in retail and higher marketing investments. Adjusted for festive shift and online tower events, overall growth is ~15% in Q2.

EBITDA and PAT Growth

On a Pre-Ind AS basis, EBITDA & PAT grew by 18% and 38% respectively. On a Post -Ind AS basis, EBITDA grew by 15.5% to Rs. 216 Crs compared to Rs. 187 Crs in Q2 FY26. EBITDA margin improved by ~67 bps to 13.9%. PAT* growth of 29.6% to 49 Crs compared to 38 Crs in Q2 FY26.

Looking Ahead

Commenting on the performance of the company, Ms. Amisha Jain, MD & CEO said, “Q2 delivered another quarter of profitable growth, with revenue up 10.0% and EBITDA up 15.5%. Adjusted for the shift in the festive season and online tower events, underlying growth was ~15%, in line with our guidance. Delivering this against a volatile macro backdrop reflects the strength of our marquee brands and the consistency of our execution. Working capital remained healthy at 65 days. Looking ahead, we remain watchful of external macro-economic factors like inflation, geopolitical developments, potential El Nino effect & repo rates changes. We are confident of sustaining our growth trajectory, with our focus firmly on accelerating profitable growth across our marquee brands, deepening consumer engagement and increasing the share of direct channels, while driving efficiency across the business.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Arvind Fashions Limited

Arvind Fashions Limited belongs to the Consumer Cyclical › Apparel Retail sector. Here’s a quick read on where the business and the stock stand today.

Arvind falls 14.2% over three months and has not found a floor yet. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. 1 loss quarter(s) over five years signals earnings fragility — not chronic but worth noting. The stock sits at 17% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 9.0% CAGR — a respectable pace. However, the stock drops 14.2% in three months without an obvious fundamental trigger. Sector-wide pressure or a valuation re-rating can persist for longer than expected. Therefore, there is no rush to step in. Check Fundamentals of Arvind Fashions Limited.