Campus Activewear Ltd share Price Today

Footwear company Campus Activewear announced Q1FY24 results:

• Revenue from operations grew by 4.8% YoY to Rs 353.8 crore in Q1FY24, driven by premiumization-led ASP Growth.
  • The sales volume stood at 5.6 million pairs up by 0.7% YoY.
  • Campus Activewear's ASP stood at Rs 629 in Q1FY24 vis-à-vis Rs 604 in Q1FY23.
• EBITDA stood at Rs 66.4 crore; EBITDA margins at 18.8% in Q1FY24.
• PAT stood at Rs 31.5 crore; PAT margin at 8.9% in Q1FY24.

Commenting on the results and performance, Campus Activewear’s CEO Nikhil Agarwal said, “Campus Activewear registered 4.8% revenue growth YoY to Rs 353.8 crore in Q1FY24 despite subdued demand, witnessed across the rural and semi-urban areas. The company continued its premiumisation journey through new product offerings & enhancing its retail footprint in new geographies. During the quarter company added 24 new stores.

We are judiciously investing in brand-building exercises across the omnichannel platform. We will continue our planned investments towards brand building, D2C network infrastructure expansion, and talent acquisition which is key to our growth in the coming quarters. These investments are expected to generate margin accretive impact in the future.

Our vertically integrated manufacturing ecosystem enables design, quality, and cost proposition leading to the launch of new styles in a lightening space. Campus Activewear is well-placed in the Indian Sports and Athleisure footwear industry to ride on the growing sports and fitness tide amongst customers backed with premiumization of its diverse product portfolio across categories."

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