Campus Activewear Q1 Results Review - Volumes Grow By 3% In Subdued Demand Scenario: Yes Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Campus Activewear Ltd. registered topline decline of 4%YoY wherein volumes grew by 3%YoY (two-year compound annual growth rate stood at 2%) while ASP declined by 7%YoY due to higher contribution from open footwear category which constituted 22% of topline versus 18% in Q1 FY24.Consequently, the contribution of greater then Rs 1,500 constituted 40% of sales versus 46% in Q1 FY24. Incrementally new hiring and increase in minimum wage led to higher employee cost, which weighed on operating margins along with reduction in ASP and higher other cost. Hence, Ebitda margins came in at 15.3% versus 18.7%/17.6% in Q1 FY24/Q4 FY24 respectively.During the quarter, Campus Activewear has added 8 new distributors and couple of super-stockist to take the total reach to 23,100+ retail touchpoints. A new LFS account has also been added where products would be available in all their stores in three-four quarters.Campus Activewear has opened 13 new Exclusive Brand Outlet (7 Company Owned Company Operated+ 6 Franchise Owned Franchise Operated) taking total count to 275. direct-to-consumer channel contributed 48% to revenue versus 46.4% in Q1 FY24. Working capital days stood at 39-days versus 29-days in FY24..Click on the attachment to read the full report:.Ola Electric Stock Rallies Over 50% In Three Days — Six Upside And Three Downside Factors.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Campus Activewear Q1 Results Review - Volumes Grow By 3% In Subdued Demand Scenario: Yes Securities

The brokerage believes, the company will be one of the biggest beneficiaries of rapidly growing sports and athleisure segment.

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