Campus Activewear has officially accepted the resignation of Chief Financial Officer Sanjay Chhabra, who has stepped down from his position due to personal reasons. According to the company's regulatory filing disclosed to stock exchanges on June 12, 2026, Chhabra's resignation will be effective from the close of business hours on July 7, 2026. The company stated that the CFO tendered his resignation citing personal reasons and will cease to be associated with the company upon completion of his notice period. Chhabra is also stepping down as a Key Managerial Personnel under Section 203 of the Companies Act 2013 and has also resigned from his position as Chief Risk Officer appointed under Regulation 21 of the SEBI LODR Regulations. As per the disclosure, this cessation of roles is effective July 7, 2026.
The company delivered strong financial results in Q4 FY26, with net profit jumping 26.01% to ₹44.14 crore on a 12.3% increase in revenue from operations to ₹455.63 crore compared to Q4 FY25. This robust performance demonstrates the company's operational efficiency and market positioning in the sports footwear sector. The latest quarterly disclosure shows net profit of ₹32.7 crore with revenue from operations of ₹310.2 crore for the reporting period. EBITDA margins have stabilized at 15.8% amidst rising input costs, representing the company's strongest defensive metric during a period of strategic consolidation.
Following the leadership announcement, Campus Activewear shares gained 1.20% to ₹241.15 on the BSE on Friday, June 12, 2026, after market hours. The positive market reaction suggests investor confidence in the company's ability to manage this leadership transition smoothly. The stock movement indicates that market participants view the CFO resignation as a manageable operational change rather than a fundamental business concern, with the company's strong Q4 financial performance providing a solid foundation for the transition period.
Campus Activewear is undergoing a strategic shift from aggressive mass-market expansion to premiumization and direct-to-consumer (D2C) efficiency. The company currently operates 200+ exclusive brand outlets and has established a strong presence across India with a wide range of products spanning footwear, apparel and accessories. Direct-to-consumer sales now contribute significantly more to the top line than traditional distribution channels, highlighting the company's successful transition toward higher-margin retail models. The firm's ability to maintain 15.8% EBITDA margins remains its strongest defensive metric as it navigates the competitive footwear sector.
