Campus Activewear reports exceptional FY22 performance, Revenue surged by 67.9% YoY to INR 11,941.8 Mn., PAT grew by 363.1% YoY to INR 1,244.1 Mn.

Campus Activewear Limited, India’s largest omnichannel sports and athleisure footwear brand has announced its results for the quarter and year ended on March 31, 2022.

Campus Activewear Logo

Quarterly Financial Highlights

  • Revenue from operations increased by 28.1% YoY to INR 3,523.4 million during the quarter while encountering tailwinds such as Covid-19 third wave impact witnessed during January and mid-February 2022.
  • EBITDA was at INR 787.1 million as compared to INR 655.3 million in Q4 FY21. EBITDA margin stood at 22.3% in Q4 FY22
  • Net Profit during the quarter stood at INR 396.1 million, PAT margins expanded by 760 bps YoY to 11.2 % in Q4 FY22

FY22 Financial Highlights

  • FY22 sales volume registered at 19.3 million pairs as against 13.0 million pairs in FY21, thereby generating 48.1% YoY volume growth
  • FY22 aggregate ASP stood at INR 620 per pair versus INR 547 per pair in FY21, thereby resulting in 13.3% YoY ASP growth
  • Revenue from operations increased by 67.9% YoY to INR 11,941.8 mm in FY22 despite Covid19 related adverse impact witnessed from April – May 2021 and Jan – Feb 2022.
  • FY22 Full year EBITDA stood at INR 2,439.2 mm as compared to INR 1,198.1 mm in FY21, demonstrating 103.6% YoY growth. FY22 EBITDA margin stood at 20.4% vs. 16.8% in FY21
  • Net Profit during the year FY22 stood at INR 1,244.1 mm (PAT margin: 10.4%) as against PAT of INR 268.6 mm in FY21 (PAT margin: 3.8%).

Balance Sheet Highlights

  • The Company’s Debtors Turnover ratio improved to 40 days in FY22 from 69 days in FY21 and Inventory turnover ratio improved to 86 days in FY22 from 96 days in FY21.
  • The Company’s return ratios i.e. ROCE improved from 18.5% in FY21 to 29.7% in FY22 and similarly ROE is also improved from 9.0% in FY21 to 32.9% in FY22.