How has been the historical performance of Credo Brands?

Answer:The historical performance of Credo Brands shows a trend of increasing net sales and operating income over the past three years, with net sales rising from 498.18 Cr in Mar'23 to 618.18 Cr in Mar'25. Total operating income followed a similar trajectory, reaching 618.18 Cr in Mar'25, up from 498.18 Cr in Mar'23. Despite the increase in sales, total expenditure also grew, from 334.33 Cr in Mar'23 to 438.43 Cr in Mar'25, leading to an operating profit of 185.83 Cr in Mar'25, which is an increase from 174.99 Cr in Mar'23. However, profit before tax saw fluctuations, peaking at 103.81 Cr in Mar'23 before dropping to 91.79 Cr in Mar'25. Profit after tax also decreased from 77.51 Cr in Mar'23 to 68.37 Cr in Mar'25, reflecting a decline in the PAT margin from 15.56% to 11.06% over the same period.

Breakdown:
Credo Brands has demonstrated a consistent growth in net sales, which increased from 498.18 Cr in Mar'23 to 618.18 Cr in Mar'25, indicating a strong upward trend in revenue generation. Operating income mirrored this growth, reaching 618.18 Cr in Mar'25. However, the company's total expenditure also rose significantly, from 334.33 Cr in Mar'23 to 438.43 Cr in Mar'25, which impacted profitability. Operating profit saw a slight increase to 185.83 Cr in Mar'25, but profit before tax fluctuated, peaking at 103.81 Cr in Mar'23 before declining to 91.79 Cr in Mar'25. Consequently, profit after tax decreased from 77.51 Cr in Mar'23 to 68.37 Cr in Mar'25, resulting in a lower PAT margin. The company's balance sheet reflects a growing total asset base, increasing from 554.23 Cr in Mar'23 to 683.23 Cr in Mar'24, while total liabilities also rose, indicating a potential increase in financial leverage. Cash flow from operating activities showed a decline from 72.00 Cr in Mar'23 to 56.00 Cr in Mar'24, contributing to a net cash outflow in the latest period.