Campus Activewear Ltd

AGM details

• Date: 20 Aug 2026; 11:00 AM–12:23 PM; mode: VC/OAVM.
• Record date: 13 Aug 2026.

Key resolutions

• Resolution 1 (Ord): Adopt financial statements; passed.
• Resolution 2 (Ord): Re-appoint director by rotation—Nikhil Aggarwal; passed.
• Resolution 3 (Ord): Declare final dividend for FY2026; passed.
• Resolution 4 (Special): Re-appoint Anil Kumar Chanana as Non-Executive Independent Director; passed.
• Resolution 5 (Special): Re-appoint Jai Kumar Garg as Non-Executive Independent Director; passed.
• Resolution 6 (Special): Re-appoint Madhumita Ganguli as Non-Executive Independent Director; passed.
• Resolution 7 (Special): Re-appoint Nitin Savara as Non-Executive Independent Director; passed.
• Resolution 8 (Special): Modify Vision Pool: ESOP 2021; passed with 84.21% in favour.

Dividend

• Final dividend declared on equity shares for FY2026.

Directors & governance

• Nikhil Aggarwal re-appointed by rotation.
• Anil Kumar Chanana re-appointed Non-Executive Independent Director.
• Jai Kumar Garg re-appointed Non-Executive Independent Director.
• Madhumita Ganguli re-appointed Non-Executive Independent Director.
• Nitin Savara re-appointed Non-Executive Independent Director.

ESOP approvals

• Vision Pool: Campus Activewear Limited Employee Stock Option Plan 2021 modified; approved.

AGM Details

• AGM held on 20 August 2026 via VC/OAVM from 11:00 to 12:23 IST.
• Total attendees via VC: 220 members.
• Notice and annual report circulated; remote e-voting window 17–19 August 2026.
• Meeting concluded at 12:23 PM.

Resolutions Put to Vote

• Adopt audited financial statements for the year ended 31 March 2026.
• Re-appoint director retiring by rotation (Nikhil Aggarwal).
• Declare final dividend for FY2025-26.
• Re-appoint Anil Kumar Chanana as Non-Executive Independent Director.
• Re-appoint Jai Kumar Garg as Non-Executive Independent Director.
• Re-appoint Madhumita Ganguli as Non-Executive Independent Director.
• Re-appoint Nitin Savara as Non-Executive Independent Director.
• Modify ESOP 2021 Vision Pool.

Voting Results

• Voting results not disclosed in Annexure A.

Dividend Detail

• Final dividend on equity shares declared; amount per share not disclosed.

Directors / Board Changes

• Anil Kumar Chanana reappointed as Non-Executive Independent Director.
• Jai Kumar Garg reappointed as Non-Executive Independent Director.
• Madhumita Ganguli reappointed as Non-Executive Independent Director.
• Nitin Savara reappointed as Non-Executive Independent Director.

Other Material Approvals

• Modification of Campus Activewear ESOP 2021 – Vision Pool.

Auditors & Related Party Transactions

• No auditor changes announced.
• No material related party transactions disclosed.

CFO appointment and governance

• Board approved Mr. Rakesh Thakur as CFO and KMP, effective 17 August 2026.
• 49-year-old Chartered Accountant with 22+ years’ experience; ex-Group CFO at Imagine Marketing Limited (boAt).
• Board authorized KMPs to determine materiality of events for disclosures.
• Effective date and Schedule III disclosures annexed.
• Appointment approved following recommendations of Nomination and Remuneration Committee and Audit Committee.

Financial Performance

• Q1 FY'27 revenue growth 12.2%, volume 11.7%, EBITDA margin 15.9%, PAT growth 17.7%.
• Geopolitical uncertainty, supply-chain volatility, and raw-material inflation were headwinds.
• Rs 2.5 crore depreciation charge added from Paonta Sahib and Pantnagar; labor costs rose.
• MRP increases of about 8%; underlying ASP up ~5% in core Stuck-On category.
• Two temporary drags: 2.5% from GT charges; 2% dilution from school shoes migration.
• RM inflation fully absorbed; no MRPs correction expected; benefits to flow back from Q2.
• Q1 production highest ever; momentum continued into July.

Portfolio and Brand Update

• Growth broad-based across channels, categories, geographies; women and kids performed well.
• Launched Elan by Campus; neo-casual segment; price Rs1899–Rs2599; sold in 100–110 stores.
• New logo unveiled May; widely accepted; connects to younger audience.
• Distributor meet delivered record orders; strengthens visibility for the upcoming festive season.
• Sneaker category growth near 30% this year; Haridwar, Pantnagar, Paonta Sahib support.
• FOFO stores opened ~18 this quarter; highest in six to eight quarters.

Stores and Franchise Model

• FY27 store openings target 80–120; near-term 90–100.
• Franchise model: no rent; Campus holds inventory; deposits; discounting and replenishment controlled.
• ROI on franchise stores expected 18%–30%.
• Gujarat top state with 60 stores; Delhi/NCR ~40; Mumbai exposure; Tier-2/3 expansion.
• Online presence growing; brand.com up sharply; within overall growth.

Outlook and Guidance

• Mid-double-digit annual growth target; ASP growth 6–7%; margins 17–19%.
• Diwali period shift: big events start October; Diwali in November; revenue timing adjusted.
• RM inflation to taper; no further MRPs correction planned.
• Minimum wage impact: HR costs rising; total ~15%; 10% annualization, 5% new hiring.
• Capacity realignment: DIP down to 31 million; moved to Stuck-On; 4–5 million DIP closed.
• Festival-readiness: inventory built ahead; demand environment remains positive.

Q&A Highlights

• Store openings reaffirmed; FY27 target 80–120; near-term 90–100; partner stores five–six.
• Franchise model: no rent; Campus inventory; deposits; control discounts and replenishment.
• Elan reception: two months; ~100–110 stores; Rs1899–2599; positive feedback.
• Sneaker growth: near 30% volume; supported by Haridwar, Pantnagar, Paonta Sahib.
• School shoes volume share about 40% this quarter; normalization expected next quarter.
• Diwali timing shift: September/October revenue timing; festive demand remains strong.
• RM inflation absorption confirmed; pricing actions accepted; demand resilience supported by secondary data.

Meeting Details

• Date: 6 August 2026; time not disclosed.
• Event: Analysts/Investors Earnings Call organised by Campus Activewear.
• Mode: virtual audio recording; group meeting.

Participants

• Key company participant: General Counsel & Company Secretary.

Purpose

• Purpose: audio recording of analysts/investors earnings call for quarter ended 30 June 2026.

Availability

• Recording available on the company website.

Financial highlights

• Revenue from operations rose 12.2% YoY to INR 385.2 Cr in Q1 FY27.
• EBITDA grew 13.3% YoY to INR 62.7 Cr; margin 15.9%.
• PAT rose 17.7% YoY to INR 26.1 Cr; PAT margin 6.6%.
• Volume grew 11.7% YoY to 57.1 million pairs; ASP flat at INR 674.

Product launches and production

• Launched Élan by Campus with Jim Sarbh to expand lifestyle proposition.
• Unveiling of new Campus logo as part of brand refresh.
• Q1 production reached highest-ever level, enabling readiness across channels.
• CEO commentary highlights broad-based growth in Women and Kids categories.

Brand and distribution updates

• Distributor meet held in May to strengthen partner engagement.
• Expanded distribution and strengthened category participation cited by management.
• Strong omnichannel investment and channel execution supported growth.

Scale and capacity

• Installed annual capacity of 30.7 million pairs across 7 facilities.
• 260+ distributors serving 31,000+ retailers in 850 districts.
• EBOs exceed 305 stores (COCO and franchise) as on June 30, 2026.
• E-commerce presence via marketplaces and own site; online growth 34%+ CAGR since 2021.

Outlook

• Management remains confident in growth journey, supported by category expansion and stronger distribution.

Business Overview

• Campus Activewear is India's largest, scaled sports and athleisure footwear brand.
• Operations combine in-house manufacturing with outsourcing, enabling capacity of 30.7 million pairs annually.
• Omni-channel distribution across 31,000+ retail touchpoints in 850+ districts nationwide.
• Launched Elan by Campus, introducing neo-casual category and refreshed brand identity.
• Strategic emphasis on design-led innovation, fast-to-market product cycles, and digitized sales.

Operational Highlights

• Capacity expansion supports 30.7 million pairs annually.
• Launched Elan Neo-Casual footwear; 11.7 million views across digital platforms.
• Q1 FY27: 100+ new designs launched.
• Q1 FY27 sales volume 57.1 lakh pairs; ASP INR 674.
• Revenue from operations rose 12.2% YoY to INR 385.2 Cr.
• Online D2C presence growing; 31,000+ retail touchpoints complement offline channels.
• Elan campaign generated 11.7 million+ views in month.

Financial Performance

• Q1 FY27 revenue 385.2 Cr; YoY growth 12.2%.
• Q1 FY27 EBITDA 62.7 Cr; margin 15.9%.
• Q1 FY27 PAT 26.1 Cr; margin 6.6%.
• FY26 revenue 1,774.1 Cr; YoY growth 11.4%.
• FY26 EBITDA 314.7 Cr; margin 17.5%; PAT 150.1 Cr.

Strategic Priorities & Outlook

• Growth vectors include nimble, fashion-forward product, and segmented offerings.
• India S&A footwear market expected fastest growth; TAM INR 882bn by FY25P.
• Elan expansion and Campus brand transformation to sustain growth.
• Digitization of sales enables faster speed to market and better merchandising.

Governance & Leadership

• Nikhil Aggarwal: CEO & Whole-Time Director.
• Board comprises independent directors including Anil Chanana and Madhumita Ganguli.
• Archana Maini: General Counsel & Company Secretary.

Financial results approved

• Unaudited standalone results for quarter ended 30 June 2026 approved.
• Limited Review Report from B S R and Co attached.

Financial highlights

• Revenue from operations Rs 385.20 crore; net profit Rs 26.14 crore for quarter.
• Total income Rs 393.24 crore for the quarter.
• Basic and diluted earnings per share Rs 0.86.

Dividend and equity actions

• Final dividend of Rs 11.50 per equity share recommended for year ended 31 March 2026.
• Record date fixed at 31 July 2026; subject to shareholder approval.

Accounting policy and regulatory updates

• Inventory valuation changed to moving weighted average; retrospective with no material current impact.
• Monitor Labour Codes amendments; no material impact yet; accounting effects to be reflected as clarified.

Meeting Details

• Date and time: 06 August 2026, 4:30 PM IST.
• Type and mode: group virtual earnings call.
• Event/organiser: Q1FY27 Earnings Call by Campus Activewear Limited.

Participants

• Company management: Whole-time Director & CEO; Chief Operating Officer.

Purpose

• Discuss Q1FY27 earnings results for quarter ended 30 June 2026.

Availability

• Pre-registration recommended to dial in; call details provided.