Campus Activewear Ltd. share price target

Campus Activewear (Campus) delivered a strong 16% revenue growth, driven by strong traction in the premium segment (sneaker sales up 2x YoY, ASAP up by INR50 or 8% YoY).

Campus Activewear (Campus) delivered a healthy 12% YoY revenue growth, led by 8% increase in volumes and higher ASPs, supported by price hikes in open footwear and increased outright sales online.

Campus Activewear (Campus) delivered a decent 9% YoY revenue growth, driven by 10% YoY volume growth. However, the gross margin (GM) contracted 45bp YoY on account of RM inflation and non-BIS inventory liquidation.

Campus Activewear (Campus) delivered 29% YoY revenue growth (8% beat) on a lower base, driven by 36% YoY volume growth.

Campus Activewear (Campus) posted a revenue decline of 4% YoY (9% miss), due to weak performances of both the trade distribution channel (TD) and D2C online channel.

Campus Activewear (Campus) posted a 5% YoY revenue growth (in line) in
4QFY24. The decline in O2O/B2B channels was offset by growth in trade
distribution (TD) channel and marketplace model.

IPO Note

Campus has a pan-India trade distribution network with over 425 distributors servicing over 19200 retail touch points (major presence in northern region). In addition, it has an extensive online presence (D2C) which complements the trade channel in underpenetrated geographies It has a vertically integrated manufacturing process with 100% of shoe assembly operations done in-house. Furthermore, it manufactures 38% of sole requirements and 17% of uppers in-house. Combination of in-house manufacturing facilities combined with integrated supply chain gives...

The Company will not receive any proceeds of the Offer for Sale by the Selling Shareholder. (up to 8,000,000 equity shares by Hari Krishan Agarwal, up to 4,500,000 equity shares by Nikhil Aggarwal, up to 29,100,000 equity shares by TPG Growth III SF Pte. Ltd., upto 6,050,000 equity shares by QRG Enterprises Limited, upto100,000 equity shares by Rajiv Goel and upto...

Issue Snapshot: Issue Open: Apr 26 Apr 28, 2022 Price Band: Rs. 278 292 (Discount of Rs 27 for all eligible employees) *Issue Size: Rs 1400.1 cr (47950000 eq sharesEntirely Offer for sale) Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh (including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs) Retail atleast 35% eq sh Employees 200000 eq sh Face Value: Rs 5 Book value: Rs 13.25 (Dec 31, 2021) Bid size: - 51 equity shares and in multiples thereof 100% Book built Issue Campus Activewear Limited