Campus Activewear Limited — Investor Meet, 20-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Campus Activewear's Q1 FY'26 revenue grew 1.4% to 343.3 Cr, despite an 11.6% volume decline due to online channel disruption from warehouse consolidation and SAP implementation. ASP rose 14.7% to Rs. 671, driven by premiumization, especially 150% growth in sneakers. Gross margins expanded to 55.4%, EBITDA was 55.4 Cr (15.9% margin), and PAT 22.2 Cr (6.4% margin). Management expects recovery from Q2, with July sales showing good momentum. They remain on track for double-digit growth and aspire to 17-19% EBITDA margins. New raw material warehouse doubled throughput, de-bottlenecking supply chain. BIS benefits are starting, with local players gaining from reduced imports. Intense competition exists at lower price points.