Profit before tax increased marginally year on year to Rs 42.40 crore during the quarter.

EBITDA stood at Rs 66.4 crore in Q1 FY24 as compared with Rs 62.2 crore posted in same quarter last year. EBITDA margin was at 18.8% in Q1 FY24 as against 18.4% in Q1 FY23.

The sales volume stood at 5.6 million pairs up by 0.7% YoY. The company's ASP stood at Rs 629 in Q1 FY24 as against Rs 604 in Q1 FY23.

Campus Activewear's CEO Nikhil Agarwal said, “Campus Activewear registered 4.8% revenue growth YOY to Rs 353.8 crore in Q1 FY24 despite subdued demand, witnessed across the rural and semiurban areas. Company continued its premiumisation journey through new product offerings & enhancing its retail footprint in new geographies. During the quarter company added 24 new stores.

Our vertically integrated manufacturing ecosystem enables design, quality and cost proposition leading to launch new styles at a lightening space. Campus Activewear is well-placed in the Indian Sports and Athleisure footwear industry to ride on the growing sports and fitness tide amongst customers backed with premiumization of its diverse product portfolio across categories.”

Campus Activewear is India's largest sports and athleisure footwear brand in terms of value and volume.