Campus Activewear reports Q1FY23 results

Campus Activewear reports Q1FY23 results

17 August 2022, Mumbai:

India's largest omnichannel sports and athleisure footwear brand, Campus Activewear has reported a 287.5 percent Y-o-Y growth in EBITDA to Rs 622.4 million in Q1 FY23.

Campus activewear director Chairman & Managing Director, Nikhil Aggarwal’s enterprise profit after tax grew by 13.5x times to Rs 286.6 million.

Revenue from Campus activewear the shoemaker operations increased by 149.6 percent Y-o-Y to Rs3,377.1 million supported by strong demand from across segments coupled with a robust omnichannel presence. Both Trade Distribution and Direct-to-Customer channels have demonstrated robust Y-o-Y growth to the tune of 147 percent and 150 percent respectively.

The sales volume stood at 5.6 million pairs in Q1FY23 as against 2.3 million pairs in Q1FY22, thereby registering 141.0 percent Y-o-Y volume growth

Campus activewear the shoemaker continues to enhance its omnichannel experience focusing on premiumization and product diversification across product segments and categories.

Campus activewear Gurgaon aims to widen its presence in Western and Southern parts of India. It has a robust business model facilitating the company to tap the growing Indian sports and athleisure footwear industry.

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