Footwear firm Campus Activewear announced Q1FY23 Result :
- Revenue from operations increased by 149.6% YoY to INR 3,377.1 Mn in Q1 FY23 supported by strong demand from across segments coupled with robust omnichannel presence. Both Trade Distribution and Direct-to-Customer channels have demonstrated robust YoY growth to the tune of 147% and 150% respectively.
- EBITDA witnessed a strong growth of 287.5% YoY to INR 622.4 Mn
- EBITDA margins expanded by 656 bps YoY to 18.4% in Q1 FY23 owing to better operating leverage
- PAT grew 13.5x times YoY to INR 286.6 Mn in Q1 FY23; PAT margins expanded by 703 bps YoY to 8.5% in Q1 FY23
Commenting on the results and performance, Campus Activewear’s CEO, Mr. Nikhil Aggarwal said, “Campus Activewear began its FY23 journey on a positive note by delivering healthy operational performance during Q1FY23. This performance was largely supported by robust product portfolio of fashion forward designs, best product value proposition and never-out-of-stock approach. The Company’s strong brand recall amongst preferred sports and athleisure footwear brand positions us uniquely to garner a wider share of the market.
Campus Activewear continues to enhance its omnichannel experience focusing on premiumization and product diversification across product segments and categories. The Company aims to widen its presence in Western and Southern parts of India. Campus Activewear has a robust business model facilitating the Company to tap the growing Indian sports and athleisure footwear industry.”