Campus Activewear Limited has informed the Exchange about Transcript
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Campus Activewear reported Q1 FY'26 revenue of Rs 343.3 crore, up just 1.4% YoY, as volumes fell 11.6% to 5.1 million pairs. Average selling price rose 14.7% YoY to Rs 671, supported by a sharp 150% YoY growth in sneakers (5.5 lakh pairs). Gross margin expanded 210 bps to 55.4%, but EBITDA margin rose only marginally to 15.9% and PAT margin slipped to 6.4% (from 7.4%) on higher depreciation. Online channel sales de-grew 8% due to a 15-20 day disruption from raw-material warehouse consolidation and SAP go-live, while distribution grew 8.6% and large format stores grew 20%. Management maintained double-digit revenue growth guidance for FY'26, reiterated the 17%-19% EBITDA margin aspiration (over a period longer than a year), and cited strong order visibility through December following the SHOECASE 2025 distributor meet.
Soft Q1 print with online channel disruption and double-digit volume decline tempers near-term sentiment, but premiumisation via sneakers, gross margin expansion, and a strong festive-season order pipeline support a recovery story; reaffirmed longer-term 17-19% margin aspiration is a positive watchpoint, though the CFO did not commit to hitting it within the current fiscal year.