Mufti Jeans share price target 2024, 2025, 2026, 2027, 2030 prediction
Mufti Jeans is one of the leading homegrown brands in the mid-premium and premium men’s casual wear market in India. The company, which operates under the name Credo Brands Marketing Limited, offers a wide range of products for various occasions and lifestyles, such as shirts, t-shirts, jeans, chinos, jackets, blazers, and sweaters. In this article, we will look at Mufti Jeans share price target 2024, 2025, 2026, 2027, 2030.
The Mufti Jeans brand was launched in 1998 by Kamal Khushlani, with a vision to redefine menswear and provide a casual alternative with a focus on creative, bold, and expressive clothing. Mufti Jeans has a pan-India presence through a multi-channel distribution network of exclusive brand outlets, large format stores, multi-brand outlets, and online channels.
In this blog post, we will analyze the Mufti Jeans stock in detail and look at its overview, competitors, growth opportunity, SWOT analysis, financials, and key things to watch out for.
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Page Contents
Mufti Jeans share price target 2024, 2025, 2026, 2027, 2030
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2024 | ₹450 | ₹540 | ₹495 |
| 2025 | ₹563 | ₹675 | ₹619 |
| 2026 | ₹703 | ₹844 | ₹773 |
| 2027 | ₹879 | ₹1,055 | ₹967 |
| 2028 | ₹1,099 | ₹1,318 | ₹1,208 |
| 2029 | ₹1,373 | ₹1,648 | ₹1,511 |
| 2030 | ₹1,717 | ₹2,060 | ₹1,888 |
| 2031 | ₹2,146 | ₹2,575 | ₹2,360 |
| 2032 | ₹2,682 | ₹3,219 | ₹2,950 |
| 2033 | ₹3,353 | ₹4,023 | ₹3,688 |
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Mufti Jeans share price target 2024
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2024 | ₹450 | ₹540 | ₹495 |
Mufti Jeans share price target 2024: In 2024, analysts projected Mufti Jeans’ share price target to range from a minimum of ₹450 to a maximum of ₹540, with an average target of ₹495.
Mufti Jeans share price target 2025
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2025 | ₹563 | ₹675 | ₹619 |
Mufti Jeans share price target 2025: For the year 2025, analysts anticipated Mufti Jeans’ share price to be in the range of ₹563 (minimum) to ₹675 (maximum), with an average target of ₹619.
Mufti Jeans share price target 2026
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2026 | ₹703 | ₹844 | ₹773 |
Mufti Jeans share price target 2026: In 2026, Mufti Jeans’ share price target was estimated to have a minimum target of ₹703, a maximum target of ₹844, and an average target of ₹773.
Mufti Jeans share price target 2030
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2030 | ₹1,717 | ₹2,060 | ₹1,888 |
Mufti Jeans share price target 2030: For the year 2030, analysts expected Mufti Jeans’ share price to fall within the bracket of ₹1,717 (at the lower end) to ₹2,060 (at the upper end), while setting an average target at ₹1,888.
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Competitors of Mufti Jeans Stock
Mufti Jeans is a prominent player in the dynamic men’s casual wear industry, poised for substantial growth with a projected 18% compound annual growth rate (CAGR) from FY23 to FY27, as per RedSeer Consulting’s report. This segment’s competitiveness stems from a blend of national and international brands like Levi’s, Wrangler, Lee, Pepe Jeans, Spykar, and Killer. These brands vie for market dominance through various strategies focusing on product quality, design innovation, pricing models, distribution networks, marketing initiatives, and building customer loyalty.
Distinctly, Mufti Jeans has carved its niche by offering a diverse product range that resonates with the modern Indian man’s evolving fashion preferences. Its extensive distribution network spans 591 cities in India (as of September 30, 20232), reinforcing its market presence.
Additionally, Mufti Jeans’ commitment to marketing and brand promotion is evident through its use of digital and social media, billboards, cinema advertising, and engaging in live events. The brand boasts a significant customer retention rate, with 65% of its clientele making repeat purchases in FY232.
The financial performance of Mufti Jeans, compared to its peers like Levi Strauss India, Kewal Kiran Clothing, and Future Lifestyle Fashions for FY 2023, is detailed in the table below:
Comparative Financial Analysis (FY 2023)
| Financial Metrics | Mufti Jeans | Levi Strauss India | Kewal Kiran Clothing | Future Lifestyle Fashions |
|---|---|---|---|---|
| Revenue (in Rs Crore) | 498 | 1,025 | 443 | 5,431 |
| Net Profit (in Rs Crore) | 77.5 | 104.4 | 64.9 | 11.2 |
| EBITDA Margin (%) | 23.8 | 18.9 | 24.7 | 9.9 |
| Return on Equity (%) | 29.98 | 25.8 | 14.8 | 1.9 |
| ROCE (%) | 28.16 | 30.6 | 18.9 | 3.8 |
| Debt/Equity Ratio | 0.65 | 0.03 | 0.01 | 1.02 |
| Earnings Per Share (Rs) | 0.54 | 1.04 | 8.16 | 0.22 |
| Price/Earnings Ratio | 23.22 | 36.54 | 17.77 | 68.18 |
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Growth Opportunity for Mufti Jeans Stock
Mufti Jeans is on a robust growth trajectory, bolstered by its strong brand recognition, a diverse range of products, scalable operations, and favorable market dynamics. Despite the challenges posed by the COVID-19 pandemic in FY21, the company has demonstrated a remarkable rebound in its financial performance. here are the key highlights:
- Brand Recognition and Diversified Portfolio: Mufti Jeans is known for its strong brand presence and a wide range of products.
- Robust Financial Growth: Significant increase in revenue (46.02% rise from FY22 to FY23) and net profit (116.88% increase).
- Solid Financial Indicators: EBITDA margin at 23.8%, return on equity at 29.98%, and return on capital employed at 28.16% in FY232.
- Product Expansion: Introduction of new categories like athleisure, party wear, and urban casuals.
- Increased Online Presence: Growth in online sales by 63.8% from FY22 to FY23, with strong performance on platforms like Myntra, Amazon, Flipkart, and Ajio.
- Digital Marketing and Social Media Campaigns: Plans to enhance online visibility and customer engagement.
- Favorable Industry Trends: Indian men’s apparel market projected to grow at a CAGR of 18% from FY23 to FY27.
- Growth in Casual Wear Segment: Expected CAGR of 20% between FY23 and FY27, driven by consumer preferences for comfort and style.
- Strong Position in Mid-Premium and Premium Segments: Benefiting from rising disposable income and brand consciousness.
- Online Channel Growth: Projected CAGR of 30% for the online men’s apparel market, influenced by increased internet and smartphone usage.
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SWOT Analysis of Mufti Jeans Stock
A SWOT analysis is a strategic tool that helps to identify the strengths, weaknesses, opportunities, and threats of a business or a project. Here is a SWOT analysis of Mufti Jeans stock:
Strengths
- Established Brand Equity: 25 years of presence in India.
- Diverse Product Range: Catering to multiple occasions and lifestyles.
- Scalable Business Model: Asset-light with outsourced manufacturing and in-house design.
- Extensive Distribution Network: 1,773 touchpoints across 591 cities.
- Robust Financial Health: Consistent growth in revenue and profitability.
- High Customer Loyalty: 65% repeat purchase rate in FY23.
Weaknesses
- Brand Dependence: Sole reliance on the ‘Mufti’ brand.
- Manufacturing Dependence: Relying on third-party manufacturers without exclusive agreements.
- Intense Competition: High rivalry with domestic and international casual wear brands.
- Lower Online Sales: Compared to offline sales.
Opportunities
- Casual Wear Market Growth: Rising demand in the Indian men’s apparel sector.
- Consumer Preference Shifts: Increasing inclination towards comfort, convenience, and style.
- Higher Disposable Income: Growing aspiration and brand awareness among consumers.
- Digital Expansion: Boosting online presence and engagement through digital marketing and social media.
- Product Line Diversification: Introduction of new categories like athleisure, party wear, and urban casuals.
Threats
- Market Competition: Stiff competition in the casual wear segment.
- Manufacturing Risks: Dependence on non-exclusive third-party manufacturing partners.
- Material Price Fluctuations: Variability in raw material costs and availability.
- Changing Consumer Trends: Shifts in fashion preferences and trends.
- Regulatory Challenges: Risks related to GST, labor laws, and intellectual property rights.
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Final Thoughts on Mufti Jeans share price target 2024, 2025, 2026, 2027, 2030 prediction
Mufti Jeans stands out as a prominent brand in India’s mid-premium and premium men’s casual wear sector. The company’s notable strengths include:
- Strong Brand Equity: Renowned for quality and style in the Indian market.
- Diverse Product Portfolio: Catering to various occasions and lifestyles.
- Scalable Business Model: Asset-light approach with effective cost management.
- Solid Financial Performance: Consistent revenue growth and profitability.
The industry environment is advantageous, with the casual wear segment poised for accelerated growth compared to the broader men’s apparel market. Mufti Jeans’ upcoming IPO, a book-built issue of Rs 549.78 crores, exclusively offers a sale of 1.96 crore shares by existing shareholders. The IPO price band is Rs 266 to Rs 280 per share, targeting a listing on BSE and NSE by December 27, 2023. This move aims to enhance brand visibility, provide liquidity to shareholders, and facilitate access to capital markets.
In summary, Mufti Jeans offers an appealing medium to long-term investment prospect, combining strong market potential and favorable industry trends with a judicious IPO valuation. However, investors should conduct thorough research and consider inherent risks and market uncertainties before investing.
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FAQs on Mufti Jeans share price target 2024, 2025, 2026, 2027, 2030 prediction
What is Mufti Jeans share price target 2024?
In 2024, analysts anticipated that Mufti Jeans share price target would vary from a minimum of ₹450 to a maximum of ₹540, while establishing an average target at ₹495.
What is Mufti Jeans share price target 2025?
In 2025, analysts expected Mufti Jeans share price target to fall within the range of ₹563 at the minimum to ₹675 at the maximum, while setting an average target at ₹619.
What is Mufti Jeans share price target 2026?
In 2026, Mufti Jeans share price target was estimated to encompass a minimum target of ₹703, a maximum target of ₹844, and an average target of ₹773.
What is Mufti Jeans share price target 2030?
In the year 2030, analysts anticipated that Mufti Jeans share price target would range from ₹1,717 at the lower end to ₹2,060 at the upper end, with an average target set at ₹1,888.
