Campus Activewear Ltd

- 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. - Some borrowings act as stop-gap arrangements leveraging arbitrage against fixed deposits. - No direct reference to plans for raising additional debt or equity capital in the near future was made during the call.

- 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. - Investment in own capacity for uppers and soles is strategic for IP protection, premium segment control, and deploying state-of-the-art technologies. - New categories like apparel and accessories are being piloted, indicating potential future strategic diversification. This three-year CAPEX roadmap aims to support capacity growth, premiumization, and operational control.

- 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). - Overall volume growth for Q2 was 7.5% despite GST-related disruptions. - Expectation of higher growth in Q3 and beyond, driven by GST benefits and improved execution across channels.

- 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. - Online channel sales growth is expected to improve as festive sales shift recognition to Q3, with strong brand-building and marketing investments to fuel further growth. - Export business, currently nascent, is expected to evolve with potentially higher margins due to India’s cost advantage, contributing to future profit.

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. - Business seasonality implies a pre-build of inventory in Q2 ahead of the largest quarter (Q3). - No direct statement on pending orders or orderbook volume, but optimistic outlook based on capacity expansion and channel demand.