Campus Activewear Limited is an India-based sports and athleisure footwear company primarily engaged in the business of manufacturing and trading sports and athleisure footwear and accessories through its retail and wholesale networks. Campus Activewear is India's largest sports and athleisure brand (in terms of value and volume). It boasts a 15% market share in India's branded sports and athleisure footwear industry by value for Fiscal 2020, which increased to approximately 17% in Fiscal 2021.
Campus Activewear Limited was incorporated in 2008 as Action Renewable Energy Private Limited. The company underwent two name changes, in 2015 to Campus Activewear Private Limited followed by its conversion from a Private Limited Company to a Public Limited Company in 2021, changing its name to Campus Activewear Limited. The company launched the exclusive brand CAMPUS in 2005 and also curates and launches special drops, collaborations, and channel partner exclusive merchandise.
Campus (NSE: CAMPUS) is India's largest sports and athleisure footwear brand in terms of value and volume in Fiscal 2021 (13.6 million pairs). Having a 17% market share in branded sports and athleisure footwear, Campus is one of the fastest-growing brands in the space from FY 2019 to FY 2021. In the financial year 2023, Campus held around 17% of the country's branded sports and athleisure footwear market. In the same year, the company sold 23.5 million pairs of shoes, out of which 7.9 million were through online channels.
The brand has established itself as a dominant player in the Indian footwear market by focusing on sports and athleisure categories. Campus Activewear, India's leading sports and athleisure footwear brand since 2005, focuses on offering a wide range of trendy and affordable products for all ages. By prioritizing consumer needs, they've excelled through digital sales processes, ensuring better forecasting and quicker product launches. Their target market, primarily aged 14 to 35, constitutes a significant portion of India's sports and athleisure footwear market.
The brand operates five state-of-the-art manufacturing facilities, with an annual assembly capacity of 34.8 million pairs and works with over 100 third-party partners. Through its manufacturing facilities, the company can manufacture 37.5% of its requirement of soles and 8.98% of shoe uppers in-house while it assembles 100% of its products in-house. Approximately 85% of the company's raw materials are sourced locally in India. The remainder of the raw materials is sourced from China, South Korea, and other South-East Asian countries.
This extensive reach is supported by a network of over 20,000 geo-tagged retail touchpoints, more than 425 distributors, and 200 exclusive brand outlets spread across more than 650 cities in 28 states. It has 400 distributors directly servicing over 18,200 retailers in India, being the largest sports and athleisure footwear brand in terms of value and volume.
The Company has two channels of distribution, namely, trade distribution, and direct-to-consumer. In 2018, Campus expanded its distribution strategy by entering the Direct-to-Consumer (D2C) space and opening its first exclusive brand outlets (EBOs).
The Company offers a diverse product portfolio for the entire family. It offers a range of style, color, size and functionality options for men, women, kids, and children. It has over 2,100 active styles of footwear for men, women, kids and children. This infrastructure enables the company to continuously expand its product offerings, which include over 2,500 active shoe styles, with around 300 new designs launched in FY22-23 alone.
For the full year, net profit rose 35.49% to ₹121.18 Crore in the year ended March 2025, as against ₹89.44 Crore during the previous year ended March 2024. Sales rose 9.99% to ₹1,592.96 Crore in the year ended March 2025, as against ₹1,448.29 Crore during the previous year ended March 2024.
Net profit of Campus Activewear rose 86.70% to ₹46.47 Crore in the quarter ended December 2024, as against ₹24.89 Crore during the previous quarter ended December 2023. Sales rose 9.07% to ₹514.80 Crore in the quarter ended December 2024, as against ₹472.01 Crore during the previous quarter.
EBITDA stood at ₹85.9 Crore in Q3 FY25, EBITDA margin expanded by 4.4 bps YoY to 16.6% during the quarter owing to operating leverage driven by 10.0% volume growth and cost efficiencies. The sales volume grew by 10.0% YoY to 76.2 million pairs in Q3 FY25.
Market Cap: ₹8,232 Crore (down -8.33% in 1 year), Revenue: ₹1,593 Crore, Profit: ₹121 Crore. Stock is trading at 10.9 times its book value. Promoter holding has decreased over last quarter: -1.70%. Promoter Holding: 72.1%.
As of June 30, 2025, 12:34 PM, the market cap of Campus Activewear Ltd stood at ₹8,517.55 Crore.
Promoter holding in Campus Activewear Ltd has gone down to 72.14% as of March 2025 from 73.86% as of June 2024. Campus has the backing of two marquee investors, TPG Growth III SF Pte. Ltd. and QRG Enterprises Limited.
Campus Activewear announced that the Board of Directors of the Company at its meeting held on May 29, 2025, inter alia, have recommended the final dividend of ₹0.3 per equity Share (i.e., 6%), subject to the approval of the shareholders. Campus Activewear announced that the Board of Directors of the Company at its meeting held on February 11, 2025, has recommended an Interim dividend of ₹0.70 per share (i.e., 14%), subject to the approval of the shareholders.
Earnings are forecast to grow 24.07% per year. Earnings grew by 49.3% over the past year. Analysts are in good agreement that stock price will rise by 32.9%. Campus Activewear target price ₹312.88, a slight upside of 12.96% compared to current price of ₹275.08.
Today, Campus Activewear's strategy revolves around maintaining its growth trajectory by continually expanding its retail presence, investing in new technology, and innovating in product design to cater to evolving consumer preferences. The company is well-positioned to capitalize on the growing sports and athleisure footwear market in India, backed by strong brand recognition, extensive distribution network, and robust manufacturing capabilities.
