Campus Activewear Ltd

- The company continues to be a debt-free entity as of FY25. - There was no mention of any current or planned debt raising in the FY25 earnings call. - Interest expenses currently come from leases on Right of Use (ROU) assets only, such as warehouses and outlets. - No indications or disclosures about future equity fundraising were made during the call. - The company appears focused on internal cash flow and operational efficiency for growth investments. - Overall, there is no evidence from the provided transcript that Campus Activewear plans any new fundraising through debt or equity in the near term.

- The company commenced commercial production from its new Haridwar II facility for manufacturing high-quality uppers for sneakers in March 2025. - The Haridwar II facility represents an additional manufacturing capacity that will benefit the company fully in FY26. - The company has invested around INR 21 crore in the Haridwar facility, amortized over 15 years. - There is ongoing investment in leasehold assets including new warehouses: Kulana (chief warehouse for online business), Haridwar II facility, and a raw material warehouse. - The company went live with SAP on April 4, 2025, to streamline operations, improve inventory control, and enhance planning and forecasting, which supports operational efficiency and future growth. - No explicit mention of other large capex or strategic investments beyond these expansions and IT system upgrades.

- The company expects to maintain double-digit volume growth, as achieved this year, driven by strong execution at the distributor and outlet levels. - Revenue growth is anticipated to be in the mid-teens percentage range, supported by premiumization, ASP growth, and expansion across channels. - The sneaker portfolio, which grew ~150% in FY25 and contributes about 8.5% of sales, is expected to grow further with new manufacturing capacity coming online. - Distribution channel expansion is a key growth driver, with an aim to add around 1,500 new counters annually and increase wallet share per outlet. - Positive momentum is expected in the North, East, and West regions with some flattish trends in South and Central. - Online channel growth will continue focusing on marketplace sales, supplemented by outright business growth. - Internal initiatives like supply chain consolidation and operational efficiencies are expected to support sustainable growth.

- The company expects continued volume and revenue growth, targeting mid-teens percentage growth in total revenue. - EBITDA margins are projected to improve, with an aspiration to reach a range of 17-19% within the next 1-2 years. - Non-BIS inventory liquidation will marginally impact margins by 20-40 bps in FY26, considered part of normal business costs. - Brand building and marketing spend is expected to remain stable around 8.4-8.5% of sales in FY26, funded by ASP increases without margin erosion. - Operational efficiencies and cost control are anticipated to support margin expansion. - Expansion of sneaker segment (currently 8.5% contribution with 150% growth in FY25) and premium product mix will drive ASP and profitability. - Working capital improvements (net working capital days reduced from 92 to 71 in FY25) will enhance cash flows. - New manufacturing capacity at Haridwar II facility starting full production in FY26 will support higher volumes and margins.

The provided pages of the document do not contain any information or discussion related to the company's current or expected order book or pending orders. The Q&A and management commentary focus on revenue splits, marketing spends, inventory management, margin guidance, sales channel performance, and competitive landscape, but there is no mention of order book status or pending orders. If you need specific details on order book or pending orders, please share relevant pages or specify if it's mentioned elsewhere in the document.