Campus Activewear: Business Overview & Financial Analysis
Campus Activewear is India's leading sports and athleisure footwear enterprise, headquartered in New Delhi. Promoted by Hari Krishan Agarwal and Nikhil Aggarwal, the company designs, manufactures, and distributes lifestyle footwear, running shoes, sneakers, and sandals under the flagship 'Campus' brand. Operating an omni-channel distribution network across trade channels, exclusive brand outlets (EBOs), and e-commerce platforms, the brand serves style-conscious consumers across 650+ cities in India.
Business Segments & Product Portfolio of Campus Activewear (FY2026)
Campus Activewear structures its operational revenue across core footwear categories, spanning sports shoes, casual sneakers, and open footwear suites.
- Sports & Running Footwear Share – 62.0% of Total Revenue Contribution
- Casual Sneakers & Athleisure Share – 28.0% of Total Revenue Contribution
- Open Footwear & Sandals Share – 10.0% of Total Revenue Contribution
- Total Active Product Design Catalog – 2,100+ active footwear SKUs
- Average Selling Price (ASP) Realisation – Rs 780 to Rs 820 per pair
Sports footwear serves as the primary revenue engine, backed by continuous design introductions across men's, women's, and kids' categories. Expanding casual sneakers and lifestyle footwear enhances product realisations across urban markets.
Sales Channel Revenue Breakdown of Campus Activewear (Q1 FY2027)
Campus Activewear balances product dispatches across traditional trade distribution networks, direct-to-consumer digital marketplaces, and exclusive retail stores.
- Direct-to-Consumer (D2C) & E-Commerce Channel Share – 46.1% of Total Revenue
- Traditional Trade Distribution Channel Share – 44.2% of Total Revenue
- Exclusive Brand Outlets (EBOs) Channel Share – 9.7% of Total Revenue
- Total Operational Exclusive Showrooms Base – 420+ active EBO stores nationwide
- Total City Coverage Reach – Dispatches across 650+ cities and 20,000+ retail touchpoints
Direct-to-consumer digital channels generate nearly half of quarterly turnover, reflecting strong online brand equity across tier-1 and tier-2 markets. Traditional trade distribution provides deep market penetration across semi-urban and rural commercial hubs.
Operational KPIs & Volume Throughput of Campus Activewear (Q1 FY2027)
Campus Activewear tracks quarterly sales volume dispatches, pair realisations, channel mix shifts, and customer engagement metrics.
- Quarterly Footwear Sales Volume – 5.71 million pairs (+11.7% YoY vs 5.11 million pairs in Q1 FY2026)
- Average Selling Price (ASP) – Rs 675 per pair
- Premium Segment Revenue Share (>Rs 1,500 ASP) – 42.0% of total product sales
- Digital App & Web Customer Traffic – 15.0+ million annual active digital engagements
Sales volumes expanded 11.7% year-on-year to 5.71 million pairs during the first quarter, driven by volume growth across online and offline channels. Increasing sales of premium footwear priced above Rs 1,500 anchors product margin improvement.
Manufacturing Infrastructure & Supply Chain Scale of Campus Activewear (FY2026)
The company manages an integrated manufacturing network combining in-house sole manufacturing, uppers fabrication, and final shoe assembly units.
- Total Integrated Manufacturing Facilities Base – 6 production units in India
- Primary Manufacturing Locations – Ganaur (Haryana), Baddi (Himachal Pradesh), Haridwar, and Dehradun (Uttarakhand)
- Annual Installed Assembly Capacity Scale – 35.8 million pairs per annum
- In-House Sole Manufacturing Integration Rate – 100% of internal sole requirements
- In-House Upper Fabrication Integration Rate – ~70% internal upper fabrication capacity
Operating integrated manufacturing plants across Northern India ensures tight quality management and rapid stock replenishment. In-house production of 100% of sole requirements optimizes unit manufacturing expenses.
Latest Quarterly Financial Performance of Campus Activewear (Q1 FY2027)
Campus Activewear delivered steady top-line revenue expansion and net profit growth during the first quarter of FY2027.
- Standalone Revenue from Operations – Rs 385.20 crore (+12.21% YoY vs Rs 343.27 crore in Q1 FY2026)
- Standalone Operating EBITDA – Rs 54.67 crore (+10.96% YoY vs Rs 49.27 crore in Q1 FY2026)
- Standalone Operating EBITDA Margin – 15.90% (Sustained YoY vs 15.90% in Q1 FY2026)
- Standalone Profit Before Tax (PBT) – Rs 35.29 crore (+16.16% YoY vs Rs 30.38 crore in Q1 FY2026)
- Standalone Net Profit After Tax (PAT) – Rs 26.14 crore (+17.75% YoY vs Rs 22.20 crore in Q1 FY2026)
- Diluted Earnings Per Share (EPS) – Rs 0.86 per share (+17.81% YoY vs Rs 0.73)
First-quarter top-line turnover expanded 12.21% year-on-year to Rs 385.20 crore, supported by 11.7% volume growth in pair dispatches. Standalone Net Profit After Tax rose 17.75% to Rs 26.14 crore, while operating EBITDA margins held firm at 15.90%.
Standalone Annual Financial Performance of Campus Activewear (FY2026)
The enterprise achieved full-year turnover expansion and bottom-line earnings growth for full financial year FY2026.
- Full Year Standalone Revenue from Operations – Rs 1,774.12 crore (+11.37% YoY vs Rs 1,592.96 crore in FY2025)
- Full Year Operating EBITDA – Rs 291.89 crore (+19.86% YoY vs Rs 243.53 crore in FY2025)
- Full Year Operating EBITDA Margin – 16.45% (+117 bps YoY vs 15.28%)
- Full Year Net Profit After Tax (PAT) – Rs 150.09 crore (+23.86% YoY vs Rs 121.18 crore in FY2025)
- Full Year Diluted Earnings Per Share (EPS) – Rs 4.91 per share (+23.68% YoY)
Full-year operating turnover crossed Rs 1,770 crore in FY2026, as Net Profit After Tax expanded 23.86% to Rs 150.09 crore. Earnings expansion was supported by volume recovery, premium mix scaling, and supply chain efficiencies.
Balance Sheet Structure & Financial Health of Campus Activewear (Q1 FY2027)
Campus Activewear operates a low-debt financial structure backed by high promoter shareholding and equity reserves.
- Net Financial Debt to Equity Ratio – 0.04x (Virtually Debt-Free / Low Debt Gearing)
- Total Shareholder Equity Net Worth Base – Rs 906.25 crore (Share Capital: Rs 152.80 Cr / Reserves: Rs 753.45 Cr)
- Return on Equity (ROE) Realisation – 18.20%
- Return on Capital Employed (ROCE) Realisation – 26.65%
- Operating Cash Flow Conversion Ratio (CFO/PAT) – 1.33x 5-year average conversion
- Promoter Group Shareholding Share – 72.08% promoter equity stake
Operating with a 0.04x debt-to-equity ratio provides strong balance sheet resilience against macroeconomic fluctuations. Delivering return on capital employed of 26.65% underscores capital efficiency across manufacturing and retail assets.
Store Expansion & Capital Allocation Roadmap of Campus Activewear (FY2027)
Campus Activewear executes capital allocation outlays dedicated to expanding exclusive brand showrooms and upgrading automated assembly lines.
- Annual Exclusive Brand Store Addition Target – 50 to 60 net new EBO stores
- EBO Setup Outlay Guidance – Rs 0.40 to Rs 0.60 crore per store location
- Planned Annual Capex Outlay Guidance – Rs 80.00 to Rs 100.00 crore per annum
- Key Automation Projects – Automated optical cutting machines and automated sole injection bays
- Funding Strategy – 100% funded through internal operational cash accruals
Capital expenditure outlays of Rs 80–100 crore in FY2027 focus on opening exclusive stores and automating manufacturing processes. Internal cash generation fully funds planned retail store setups without external borrowing.
Management Commentary & Strategic Outlook of Campus Activewear (Q1 FY2027)
Management guidance outlines strategic priorities centered on top-line volume growth, margin recovery, and leadership updates.
- Management targets maintaining a top-line volume growth rate above industry averages throughout FY2027.
- Consolidated operating EBITDA margin target guidance is set between the 17.0% and 19.0% corridor.
- Direct-to-consumer digital channels will be scaled through targeted digital marketing outlays.
- Minimum wage revisions and input price volatility are being actively managed via product re-engineering.
- Newly appointed Chief Financial Officer Rakesh Thakur took charge on August 17, 2026, to lead corporate financial strategy.
- Capital allocation strategy will prioritize self-funded retail store expansion while preserving net debt-free status.
Management anticipates sustained consumer demand for sports and athleisure footwear to support sales volume off-take. Operational focus centers on achieving 17%–19% EBITDA margin targets, expanding premium footwear offerings, and managing operating expenses.
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Sources & References
- Campus Activewear Q1 FY2027 Standalone Financial Results Disclosures (August 6, 2026)
- Campus Activewear Investor Update & Analyst Interaction Announcement (September 7, 2026)
- Campus Activewear Stock Exchange Outcomes & BSE/NSE Regulatory Filings
- Ticker Finology Campus Activewear Page
Disclaimer
The information presented above on Campus Activewear has been compiled from the company's Annual Reports, Investor Presentations, Earnings Call (Concall) Transcripts, official regulatory filings and the financial data available on Finology Ticker. Certain figures, classifications or comparisons may vary due to differences in accounting policies, reporting methodologies or subsequent restatements by the company. This content is intended solely for informational purposes and should not be considered as investment advice. Investors are advised to refer to the latest company filings and the updated financial data, ratios and disclosures available on this Finology Ticker Campus Activewear page before making any investment decision. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.