Campus Activewear’s fourth quarter net profit tripled to Rs 39.6 crore

Campus Activewear Ltd announced on Tuesday that it tripled its consolidated net profit to Rs 39.60 crore for the fourth quarter ended March 2022.

The cobbler, which was listed on BSE earlier this month, posted a net profit of Rs 10.01 crore in the January to March quarter a year ago, Campus Activewear Ltd said in a filing. regulatory.

Its operating revenue increased by 28.07% to Rs 352.33 crore from Rs 275.10 crore a year ago.

“Net profit during the quarter amounted to Rs 39.61 croe, PAT (Profit After Tax) margins increased by 760 basis points year-on-year to 11.2% in Q4 FY22,” said Campus Activewear in a post-earnings release.

The company’s total expenditure was Rs 295.30 crore, up 31.05% in Q4 FY22 from Rs 225.32 crore in Q4 FY21.

For the full fiscal year ending March 2022, Campus Activewear’s net profit more than quadrupled to Rs 124.41 crore. It had reported a net profit of Rs 26.86 crore in the previous financial year.

Its operating revenue was Rs 1194.18 crore in 2021-22. This is 67.89% more than Rs 711.28 crore in FY21.

Campus Activewear President and CEO HK Agarwal said the company achieved its “highest revenue ever” in a fiscal year, despite multiple disruptions caused by the second wave of COVID-19, the fear of the Omicron variant and a rise in GST rates.

“The company continues to leverage its strategic mix of in-house and backward integration capabilities allowing for flexibility in design, quality control, cost control and time to market. Campus Activewear design is well equipped to identify new international fashion footwear trends and customize it, which will delight customers in the Indian market,” he said.

Campus Activewear aspires to strengthen its footprints in Western and Southern India.

“The company will continue to accentuate its omnichannel experience with a focus on premiumization and product diversification across all product segments and categories. With increasing disposable income and rising consumer health quotient, Campus Activewear is well positioned to reap the benefits of the growing sports and leisure footwear industry in India,” added Agarwal.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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