Campus Activewear Limited delivered robust Q4 FY26 results with revenue from operations surging 12.3% YoY to ₹455.6 crore, driven by higher distribution channel sales. The company's sales volume grew 10.6% YoY to 6.8 million pairs in Q4 FY26, while average selling price (ASP) increased 1.5% YoY to ₹668 from ₹658 in Q4 FY25. EBITDA stood at ₹88.5 crore with margin expanding 51 bps YoY to 19.2%, and PAT reached ₹44.1 crore with margin expanding 102 bps to 9.6% during the quarter. The sneaker portfolio recorded exceptional growth of 109% YoY, contributing 12.7% to overall volumes.
For the complete financial year FY26, revenue from operations increased 11.4% YoY to ₹1,774.1 crore, surpassing the ₹1,770 crore revenue milestone. The company's sales volume grew 4.2% YoY to 26 million pairs in FY26, while ASP grew 6.9% YoY to ₹683 from ₹639 in FY25. EBITDA stood at ₹314.7 crore with margin expanding 145 bps YoY to 17.5%, and PAT reached ₹150.1 crore with margin expanding 81 bps to 8.4% during FY26. The company maintained robust working capital discipline even as it undertook capacity expansion, with Return on Equity at 18.1% and Return on Capital Employed at 22.4%.
According to CEO Nikhil Agarwal, the performance was driven by continued focus on expanding distribution, increasing online sales, and improving product mix. The company launched nearly 250 new SKUs during FY26 while maintaining exclusive brand outlet (EBO) network stable at 300 stores. Production at integrated manufacturing facilities in Paonta Sahib and Pant Nagar has stabilised at nearly 2 lakh pairs per month, enabling effective catering to rising sneaker demand. The company elevated brand positioning with the unveiling of a new identity by Shri Gautam Gambhir, former Indian cricketer and current head coach of the Indian men's team, marking evolution into a culture-driven brand resonating with young India.
Multiple brokerages have issued fresh views on key stocks heading into today's trade, with Kotak Securities upgraded Campus Activewear to Buy from Add with a target price of ₹310, following the company's all-round beat despite cutting EPS estimates by 2-10% due to raw material inflation impact. Macquarie maintained its Outperform rating on Delhivery with a target price of ₹570, expecting the company to further consolidate share in third-party ecommerce logistics and part-truckload business. The positive brokerage sentiment reflects strong fundamentals and growth prospects across multiple sectors.
Campus Activewear shares were trading at ₹236.80 on BSE compared to the previous close, with total shares traded of 41,445 in over 1,222 trades. The stock hit an intraday high of ₹246.85 and intraday low of ₹231.10, with net turnover of ₹99.44 lakh. The company continues to focus on profitability over aggressive retail expansion while maintaining strong financial metrics and market positioning in the sports and athleisure footwear segment.
