Campus Activewear strengthens athleisure leadership with 37% Y-o-Y net profit rise in Q3, FY26
03 February 2026, Mumbai
Campus Activewear has strengthened its leadership in the Indian sports and athleisure segment, posting a 37 per cent year-on-year increase in net profit to Rs 63.68 crore in Q3, FY26 ended December 2025.
This bottom-line growth outperformed revenue expansion, which rose 14.33 per cent to Rs 588.61 crore. The company’s ability to drive profitability despite an 11.44 per cent rise in total expenses reflects a successful transition toward a high-margin product mix. Operationally, the brand achieved a sales volume of 8.3 million pairs, an 8.6 per cent increase, while simultaneously improving its Average Selling Price (ASP) to Rs 711. This dual growth in volume and value indicates a robust capture of the ‘premium-plus’ segment, which now accounts for approximately 58.4 per cent of total revenue.
The digital and direct-to-consumer advantage
A critical factor in the quarterly performance was the Direct-to-Consumer (D2C) channel, which contributed 50.6 per cent to the total revenue. By bypassing traditional wholesale intermediaries, Campus has optimized its gross margins and accelerated its responsive manufacturing cycle.
This omni-channel approach is supported by an extensive network of 28,000 retail touchpoints across 700 districts. To sustain this momentum, the group recently acquired a 4,700-sq-m facility in Uttarakhand for Rs 74.75 crore, aimed at scaling in-house upper manufacturing. This strategic vertical integration is designed to insulate the brand from supply chain volatility while meeting the rising demand for women's and kids' footwear, segments that saw a 2 per cent uptick in market saliency this quarter.
Industry tailwinds and future outlook
The broader footwear sector is currently navigating a period of significant regulatory support, notably the GST reduction to 5per cent on shoes priced below Rs 2,500. This fiscal tailwind has been instrumental in driving mass-market penetration for Campus. While the company maintains a debt-free balance sheet and a robust Return on Capital Employed (ROCE) of 25.5 per cent, management is now targeting international expansion into markets like Sri Lanka and Morocco.
As India’s health-conscious population is projected to reach 142 million by late 2026, Campus Activewear is well-positioned to leverage its ‘first-mover’ advantage in the domestic athleisure market to drive sustainable long-term value.
Founded in 2005, Campus Activewear is India's largest sports and athleisure footwear brand with a 17 per cent market share. It specializes in high-performance running and casual shoes. With a debt-free balance sheet and a 30-million-pair annual capacity, the group plans to expand its EBO network to 500 stores by 2028.
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