Detailed Coverage

Campus Activewear Posts Strong FY26 Results

Campus Activewear's revenue grew 11.4% to ₹1,774.12 crore in FY26, while Profit After Tax (PAT) increased by 23.8% to ₹150.09 crore.

Reader Takeaway: Double-digit growth and margin expansion are positive; watch CFO transition and competition.

What just happened

Campus Activewear announced its financial results for the fiscal year 2025-26. Revenue from operations reached ₹1,774.12 crore, a notable increase from ₹1,592.96 crore in FY25. Profit After Tax (PAT) saw a significant jump of 23.8%, reaching ₹150.09 crore compared to ₹121.18 crore in the previous fiscal year. EBITDA also improved to ₹314.73 crore from ₹258.22 crore, with margins expanding to 17.5% from 16.1%.

Why this matters

The strong financial performance indicates the company's ability to grow its top line while improving profitability through operational efficiencies and a favourable product mix. The recommended dividend payout signals confidence in future earnings and a commitment to shareholder returns.

The backstory

Campus Activewear operates a substantial manufacturing base with an annual capacity of 30.7 million pairs across 8 facilities. Its extensive distribution network covers over 29,000 retail touchpoints in 800 districts. In FY26, the company focused on expanding its athleisure apparel range and optimizing its online sales strategy.

What changes now

With these results, Campus Activewear demonstrates continued momentum in the competitive footwear market. The company's strategic initiatives, including premiumization of its sneaker portfolio and a marketplace-led online approach, are yielding positive outcomes. The board has recommended a final dividend of ₹1.50 per share for FY26.

Risks to watch

Key concerns include intensifying competition from both global and domestic players in the athleisure segment. Input cost inflation remains a factor that needs careful management. Additionally, the resignation of its CFO, Sanjay Chhabra, effective July 7th, 2026, represents a significant change in key management.

Peer comparison

Campus Activewear operates in the highly competitive footwear and athleisure market. Its growth in revenue and profit, alongside margin expansion, positions it against other major players in the Indian market, though specific peer financial data for FY26 is not provided in this filing.

Context metrics (time-bound)

• FY26 Revenue: ₹1,774.12 crore (up 11.4% from FY25)
• FY26 PAT: ₹150.09 crore (up 23.8% from FY25)
• FY26 EBITDA Margin: 17.5% (up from 16.1% in FY25)
• ROCE: 22.40%
• Recommended Final Dividend: ₹1.50 per share

What to track next

Investors will be keen to observe how Campus Activewear navigates the competitive landscape, manages input cost pressures, and ensures a smooth transition following the CFO's departure. Continued focus on premiumization and e-commerce strategy will also be critical.