CAMPUS

Campus Activewear share price & financials

Price
₹235.97
Market cap
₹6.7k Cr
Sector
Consumer Durables
Calls analysed
7
Latest concall · Q1 FY27 · call held 06 Aug 2026

Campus Activewear Limited Q1 FY27

EBITDA Margin 15.9%

What went well

  • Delivered 12.2% revenue growth in Q1 FY27.
  • Achieved 11.7% volume growth in Q1 FY27.
  • Reported 17.7% growth in profit after tax.

What to watch

  • Temporary factors suppressed ASP by approximately 4.5-5% (Walmart accounting change and school shoes product mix).
  • Faced geopolitical uncertainties, volatility across global supply chains, and inflationary pressures on raw materials.
Read the full call →

What Campus Activewear Limited does

Campus Activewear designs, manufactures and markets sports & athleisure (S&A) footwear under the Campus brand, and is extending the brand into an emerging apparel and accessories range. It runs a vertically integrated manufacturing ecosystem across in-house facilities at Haridwar, Paonta Sahib, Pant Nagar, Ganaur, Baddi and Dehradun, covering uppers, soles and final assembly, backed by a network of third-party manufacturing partners. Products reach customers through a pan-India omni-channel network spanning distributors, general trade retail touchpoints, exclusive brand outlets (EBOs) and large-format store counters, alongside online marketplaces and a growing direct-to-consumer presence.

Segments

  • Footwear
  • Apparel
Retail touchpoints
30,000+ across 800+ districts and 28 states
In-house manufacturing facilities
8 (Haridwar I & II, Paonta, Pant Nagar, Ganaur, CAL Baddi I & II, Dehradun)
Annual shoe assembly capacity (installed)
30.7 million pairs
Exclusive Brand Outlets (EBOs)
300
Large Format Store (LFS) counters
2,300+
Distributors
260+
Company website

Guidance record · Q1 FY27

what the last two calls moved 14 tracked 4 delivered 2 missed 8 open
  • Non-BIS Inventory Liquidation went quiet said Q3 FY25 Promised: Liquidate majority of our non-BIS inventory by March end. Q1 FY27: No mention of non-BIS inventory. The revised deadline of June 2026 has passed.
  • EBITDA Margin at risk said Q3 FY25 Promised: 17% to 19% is what we are aspiring for. Q1 FY27: Q1 EBITDA margin was 15.9%, below the guided range. However, management reiterated high confidence in achieving 17-19% for the full year FY27.
  • Pant Nagar Monthly Output on track said Q4 FY26 Promised: these units are delivering an approximately 2 lakhs average monthly output, which is likely to double by end of FY27 Q1 FY27: No specific update on the output numbers, but the target is for end of FY27. Presumed on track.

All 14 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 12.2%, net profit up 18.2% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue333 515 406 343 387 +16%589 +14%456 +12%385 +12%
EBITDA38 82 71 49 50 +32%110 +34%82 +15%55 +12%
Net profit14 46 35 22 20 +43%64 +39%44 +26%26 +18%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −20.9% 1Y

₹220₹240₹260₹280Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 2 Feb 2026Q4 FY26 — 25 May 2026Q1 FY27 — 6 Aug 2026

1Y: ₹271.05 on 10 Sept 2025 → ₹214.36. High ₹285.4 (13 Oct 2025), low ₹213.68 (10 Sept 2026).

How the price took the results

close before → close after

Q1 FY27
−3.3%
6 Aug
Q4 FY26
−0.3%
25 May
Q3 FY26
+6.7%
2 Feb
Q2 FY26
+0.3%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 6.1% a year over 3 years, FY23 to FY26. Operating margin narrowed to 16.4%.

Year endingFY23FY24FY25FY26
Revenue₹1.5k Cr₹1.4k Cr₹1.6k Cr₹1.8k Cr
Operating profit₹254 Cr₹210 Cr₹243 Cr₹291 Cr
Operating margin17.1%14.5%15.3%16.4%
Interest₹29 Cr₹23 Cr₹18 Cr₹24 Cr
Depreciation₹72 Cr₹72 Cr₹76 Cr₹88 Cr
Net profit₹115 Cr₹89 Cr₹120 Cr₹150 Cr
Net margin7.7%6.1%7.5%8.5%
Cash from operations₹126 Cr₹264 Cr₹235 Cr₹135 Cr
Free cash flow₹60 Cr₹220 Cr₹176 Cr₹46 Cr
ROCE23.0%17.0%20.0%21.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹152 Cr₹152 Cr₹152 Cr₹153 Cr₹153 Cr₹153 Cr
Reserves₹161 Cr₹275 Cr₹400 Cr₹499 Cr₹641 Cr₹753 Cr
Borrowings₹177 Cr₹289 Cr₹335 Cr₹178 Cr₹381 Cr₹236 Cr
Other liabilities₹196 Cr₹247 Cr₹297 Cr₹286 Cr₹357 Cr₹349 Cr
Total liabilities₹686 Cr₹964 Cr₹1.2k Cr₹1.1k Cr₹1.5k Cr₹1.5k Cr
Fixed assets₹255 Cr₹322 Cr₹373 Cr₹354 Cr₹497 Cr₹516 Cr
Capital work in progress₹0 Cr₹2 Cr₹4 Cr₹20 Cr₹26 Cr₹11 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹431 Cr₹639 Cr₹807 Cr₹741 Cr₹1.0k Cr₹964 Cr
Total assets₹686 Cr₹964 Cr₹1.2k Cr₹1.1k Cr₹1.5k Cr₹1.5k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +1.07 pp while FIIs trimmed −0.64 pp. The shareholder count shrank 10% to 1,77,825.

Promoters
72.1%
FIIs
6.0%
DIIs
11.4%
Public
10.5%

Since Jun 2025

  • Public +1.07 pp
  • FIIs −0.64 pp
  • DIIs −0.40 pp

How it drifted, 12 quarters

Over this window DIIs went from 4.8% to 11.4% — +6.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.9%, FIIs 9.3%, DIIs 4.8%, Public 12.1%.Dec '23: Promoters 73.9%, FIIs 5.9%, DIIs 7.1%, Public 13.1%.Mar '24: Promoters 73.9%, FIIs 5.2%, DIIs 7.8%, Public 13.1%.Jun '24: Promoters 73.9%, FIIs 5.9%, DIIs 9.4%, Public 10.8%.Sep '24: Promoters 73.9%, FIIs 5.7%, DIIs 11.8%, Public 8.7%.Dec '24: Promoters 73.8%, FIIs 5.3%, DIIs 11.4%, Public 9.4%.Mar '25: Promoters 72.1%, FIIs 6.6%, DIIs 11.1%, Public 10.1%.Jun '25: Promoters 72.1%, FIIs 6.7%, DIIs 11.8%, Public 9.4%.Sep '25: Promoters 72.1%, FIIs 6.0%, DIIs 11.8%, Public 10.1%.Dec '25: Promoters 72.1%, FIIs 6.2%, DIIs 11.7%, Public 10.0%.Mar '26: Promoters 72.1%, FIIs 6.1%, DIIs 11.6%, Public 10.2%.Jun '26: Promoters 72.1%, FIIs 6.0%, DIIs 11.4%, Public 10.5%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Campus Activewear Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Hari Krishan Agarwal 55.84%unchanged
Nikhil Aggarwal 12.03%unchanged
Hkv Services Private Limited 3.98%unchanged
Mirae Asset Great Consumer Fund Mutual fund2.77%−0.32 pp
Fidelity Funds - India Focus Fund Global fund house2.64%−0.14 pp
Motilal Oswal Small Cap Fund Mutual fund2.39%+0.11 pp
DSP Small Cap Fund Mutual fund2.32%unchanged
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund1.33%unchanged
Charu Goel 0.23%unchanged
Hna Services Private Limited 0.00%unchanged
Prerna Aggarwal 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in CAMPUS

Filings to Aug 2026

0 new, 0 added, 1 trimmed, 0 sold out — net −1.80 L shares (−3.3%).

Held by funds
₹121 Cr
3 schemes
Biggest holder
Nippon India Small Cap Fund
₹92 Cr · 0.1% of that fund
SchemeHoldingLast month
Nippon India Small Cap Fund Nippon India Mutual Fund₹92 Crheld
SBI Consumption Opportunities Fund SBI Mutual Fund₹19 Cr−1.80 L
HDFC Balanced Advantage Fund HDFC Mutual Fund₹10 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 1 trimmed — net −1.80 L shares (−3.3%)

Funds are sitting on
-10%
vs est. average cost
Held by funds
₹121 Cr
3 schemes · ≈ 1.9% of the company
Biggest holder
Nippon India Small Cap Fund
₹92 Cr · 0.1% of that fund
Longest holder
HDFC Balanced Advantage Fund
3y 8m · since Dec '22

Shares held by these funds +536%

Aug '23 55.25 L shares Jul '26

What the price assumes

Growth trap

To justify its price of ₹214, this stock must grow earnings at 30% every year for 7 years. Our analysis caps realistic growth at ~4%. At that growth it is worth ₹57 — downside of 73%.

Growth the price implies
30.0% a year
for 7 years, fading to 4%
It has actually compounded at
4.4% a year
net profit, FY23–FY26 · EPS 4.5%
The gap
0.3 pp
-73% downside if it only repeats history
Price today ₹214.36 Value at the reference growth ₹57.07

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Campus Activewear Limited

Guides on how to read this kind of business and the numbers that matter.