Campus Activewear Ltd

Q2 FY26Consumer Durables

Campus Activewear Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹228

Market cap₹6.7K Cr

P/E43.3

Updated23 Aug 2026

Read4 min read

The short version

The company anticipates sustained momentum post-GST implementation as consumers who had delayed purchases resume buying. Campus Activewear expects sustained momentum post-GST implementation, anticipating growth in consumer demand especially in the premium segment and distribution channels.

From Campus Activewear Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

The company anticipates sustained momentum post-GST implementation as consumers who had delayed purchases resume buying.
Distribution channel inventory is healthy (~100 days), indicating steady secondary demand.
Emphasis on expanding the premium sneaker segment, which is growing 100%+ year-on-year.
EBO (Exclusive Brand Outlet) expansion to ramp up with 70-75 new stores per year over the next 2-3 years, targeting ~500 stores by 2028.
Online channel sales affected by timing of festive sales; however, strong traction seen in Big Billion Day sales with volume recognition expected in Q3.
Capacity expansions, especially at the new Pant Nagar plant, aim to support incremental pairs production (e.g., 3 lakh pairs/month augmentation planned).

2 more points management made on revenue & sales performance

Profitability & Margins

Campus Activewear expects sustained momentum post-GST implementation, anticipating growth in consumer demand especially in the premium segment and distribution channels.
The company plans to expand its premium portfolio and EBO stores aggressively, targeting around 70–75 new stores per year to reach nearly 500 stores in 3 years, supporting growth and premiumization.
EBITDA margins are expected to improve from a normalized 16% towards aspirational levels of 17–18%, driven by premium portfolio growth and operational efficiencies.
Capacity expansions at Pant Nagar and other plants aim to support increasing volumes, including 6 lakh pairs/month upper assembly capacity, supporting future volume growth.

2 more points management made on profitability & margins

See what Campus Activewear Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Campus Activewear has outlined a CAPEX plan of around INR 230 crores over 3 financial years.
Year 1 focuses on setting up an upper line increasing capacity by approx. 3 lakh pairs per month (36 lakh pairs/year).
Phase 2 will replicate this upper capacity expansion.
Phase 3 will augment assembly capacity.
The Pant Nagar facility involves a capital investment of around INR 110-115 crores, including land and building.
Routine/maintenance CAPEX is estimated at INR 40-50 crores annually, covering stores, IT infrastructure, and molds for soles.

2 more points management made on capital expenditure plans

Top-ranked in Consumer Durables

Ranked on what management guided this quarter

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3₹2.5K Cr

Rev 1Mar 2

4₹1.7K Cr

Rev 1Mar 3

5₹1.7K Cr

Rev 1Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The transcript does not explicitly mention any current or planned fundraising through debt or equity.
Working capital borrowings have increased to meet immediate needs but are expected to normalize by year-end.
The company is investing in a significant CAPEX plan (~INR 230 crores over 3 years), funded presumably from internal accruals or existing resources; no mention of new equity/debt issuance.

2 more points management made on fundraising & capital structure

See what Campus Activewear Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention the current or expected orderbook or pending orders for Campus Activewear Limited. However, related insights include: - Inventory levels at distributors remain healthy at about 100 days, indicating steady channel stock (no significant upstocking). - Secondary demand and traction in distribution channels are strong, with good secondary replenishment cycles. - Online sales momentum expecting improvement post the GST implementation. - Production capacity expansion is planned at Pant Nagar with phased CAPEX over 3 years to augment premium upper and assembly capacities by several lakhs of pairs per month.

2 more points management made on order book & pipeline

Campus Activewear Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹456 Cr, net profit ₹44 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Campus Activewe.'s management said in earlier quarters

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Frequently Asked Questions

What were Campus Activewear Ltd Q2 FY26 results?

What is Campus Activewear Ltd share price analysis?

Campus Activewear Ltd currently shows a neutral. The stock trades at a P/E of 43.3 with a market cap of ₹6,676 Cr. Investors should review the full earnings analysis for detailed insights.

Is Campus Activewear Ltd planning capital expenditure?

Campus Activewear has outlined a CAPEX plan of around INR 230 crores over 3 financial years. - Year 1 focuses on setting up an upper line increasing capacity by approx.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.