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, reaching INR 1,774.12 crore, with strong gains in online and D2C channels and a 10.6% YoY increase in Q4 sales volume to 6.8 million pairs.

• EBITDA grew 21.9% YoY to INR 314.7 crore for FY26, with Q4 EBITDA margin at 19.2% and full-year margin at 17.5%.

• PAT increased 23.8% YoY to INR 150.1 crore for FY26, with Q4 PAT margin at 9.6% and full-year margin at 8.4%.

• Launched a new brand logo and refreshed identity, expanded into apparel, and maintained a steady EBO network at 300 stores.

• 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 455.63 crore (+12.3% YoY); FY26 revenue: INR 1,774.12 crore (+11.4% YoY).

• Q4 EBITDA: INR 88.5 crore (19.2% margin); FY26 EBITDA: INR 314.7 crore (17.5% margin).

• Q4 PAT: INR 44.1 crore (9.6% margin); FY26 PAT: INR 150.1 crore (8.4% margin).

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

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

Outlook and guidance

• Expecting monthly output from new facilities to double by end of FY27, supporting demand growth.

• Margin guidance remains at 17%-19% for FY27, with no further price hikes anticipated as raw material inflation is expected to ease.

• Focus on innovation, premiumization, omni-channel expansion, and expanding sneaker production capacity.

• Plans to diversify into allied categories and apparel, with enhanced focus on women and children.

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