Campus Activewear (CAMPUS) Q4 25/26 earnings summary

Executive summary

• Achieved 12.3% year-over-year revenue growth in Q4 FY26 and 11.4% for the full year, with revenue reaching INR 1,774.1 crore; online/D2C channels and premium sneakers drove growth.

• EBITDA grew 21.9% YoY to INR 314.7 crore for FY26, with Q4 EBITDA margin at 19.2%; PAT increased 23.8% YoY to INR 150.1 crore.

• Average selling price per pair increased 7% YoY to INR 683, led by premiumization and richer product mix.

• Launched a new brand logo and refreshed identity, emphasizing culture-led branding and premiumization.

• Board recommended a final dividend of Rs 1.50 per equity share for FY 2025-26, subject to shareholder approval.

Financial highlights

• Q4 FY26 revenue: INR 455.6 crore (+12.3% YoY); FY26 revenue: INR 1,774.1 crore (+11.4% YoY).

• Q4 EBITDA: INR 88.5 crore (19.2% margin); FY26 EBITDA: INR 314.7 crore (17.5% margin, up 145 bps YoY).

• Q4 PAT: INR 44.1 crore (9.6% margin); FY26 PAT: INR 150.1 crore (8.4% margin, up 80 bps YoY).

• Sold 6.8 million pairs in Q4 and 25.97 million pairs in FY26.

• Basic and diluted EPS for FY 2025-26 was INR 4.91, up from INR 3.97 in FY 2024-25.

Outlook and guidance

• Expecting monthly output from new facilities to double by end of FY27, supporting further growth in sneakers and fast-moving categories.

• Margin guidance for FY27 remains in the 17%-19% range, with no formal update.

• Plans to diversify into allied categories and apparel, with focus on premiumization and omni-channel expansion.

• Company continues to monitor regulatory changes, including new labour codes, with no material incremental liability expected.