Campus Activewear (CAMPUS) Q4 24/25 earnings summary

Executive summary

• Achieved 10% year-over-year revenue growth in FY2025, reaching INR 1,593 crore, with 44.6% of Q4 revenue from D2C channels and annual sales of 24.94 million pairs (+12.3% YoY).

• Q4 FY25 revenue from operations was INR 405.7 crore (+11.5% YoY); Q4 sales volume was 6.17 million pairs (+7.8% YoY).

• Net profit for FY25 stood at INR 121.2 crore, with PAT margin expanding to 7.5%.

• Launched over 250 new styles, expanded into premium large-format stores, and enhanced online visibility with 30 new stores, totaling 296 exclusive brand outlets.

• Audited financial results for FY25 were approved with an unmodified audit opinion; new internal and secretarial auditors appointed for FY26.

Financial highlights

• FY25 operational revenue was INR 1,593 crore, up from INR 1,448.29 crore in FY24; Q4 operational revenue was INR 406 crore.

• FY25 EBITDA was INR 258.2 crore (16.1% margin); Q4 EBITDA was INR 76.7 crore (18.7% margin).

• FY25 PAT was INR 121.2 crore (7.5% margin); Q4 PAT was INR 35 crore.

• FY25 sales volume: 24.94 million pairs; ASP at INR 639 per pair, down from INR 652 last year.

• Basic and diluted EPS for FY25 was Rs. 3.97, up from Rs. 2.93 in FY24.

Outlook and guidance

• Growth to be driven by product diversification, premiumization, omni-channel expansion, and deeper penetration in western and southern India.

• Margin guidance remains at 17-19% EBITDA, with management expecting to reach this range within the next year, barring non-BIS inventory impacts.

• Distribution reach targeted to expand by at least 1,500 counters annually.

• Final dividend of Rs. 0.30 per share recommended, subject to shareholder approval.