Campus Activewear Ltd., a leading sports and athleisure footwear company, announced its financial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
Q4FY24 Financial Highlights:
Revenue from Operations: ₹363.9 crore (down 22.9% QoQ due to seasonality, but renewed focus on trade distribution)
Sales Volume: 5.7 million pairs
Average Selling Price (ASP): ₹636 (vis-a-vis ₹632 in Q4FY23)
EBITDA: ₹66.4 crore (EBITDA margin: 18.3%)
PAT: ₹32.7 crore (PAT margin: 9.0%)
FY24 Financial Highlights:
Revenue from Operations: ₹1,484.3 crore
Sales Volume: 22.2 million pairs
Average Selling Price (ASP): ₹652 (vis-a-vis ₹631 in FY23)
EBITDA: ₹215.3 crore (EBITDA margin: 14.9%)
PAT: ₹89.4 crore (PAT margin: 6.2%)
Key Points:
Strong Comeback in H2FY24: The company saw a strong rebound in the second half of the fiscal year, focusing on trade distribution and new product launches.
Geographical Expansion: Campus Activewear added 66 stores in Western, Southern, and Eastern India, bringing the total number of exclusive brand outlets (EBOs) to over 250.
Financial Strength: The company repaid borrowings of ₹156 crore in FY24, achieving a net-debt-free status.
Working Capital Improvement: Significant improvement in working capital days from 108 days in FY23 to 79 days in FY24.
Management Commentary:
CEO Nikhil Agarwal described FY24 as a transitional year, with a strong comeback in the second half. He highlighted the company's focus on trade distribution, new product launches, and expanding geographical footprint. He also expressed commitment to strengthening the balance sheet and improving working capital.
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