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Published
Nov 11, 2022
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Campus Activewear Q2 net profit declines 49 percent to Rs 15 crore

Published
Nov 11, 2022

Footwear maker Campus Activewear reported a 49 percent decline in its net profit to Rs 15 crore ($1.9 million) for the second quarter ended September 2022, as against a net profit of Rs 28 crore reported in the year-ago period.


Campus Activewear Q2 net profit declines 49 percent to Rs 15 crore - Campus Activewear


The company’s revenue for the quarter rose by 22 percent to Rs 333 crore, as against Rs 273 crore reported in the corresponding period of the previous fiscal year.

Commenting on the results, Nikhil Aggarwal, CEO of Campus Activewear in a statement said, “The company continues to leverage its strong brand recall including array of choices across styles, colour palettes, price points and an attractive product value proposition of bestsellers making Campus Activewear the preferred sports and athleisure footwear brand amongst consumers.”

“Campus Activewear is expected to benefit from Campus AI Private Limited merger with the Company on account of cost rationalisation, simplification of business operations delivering customer satisfaction. It has simplified the corporate structure making it lean and agile for rapid future growth,” he added.

Campus Activewear claims to be India's largest sports and athleisure footwear brand in terms of value and volume. The brand was launched in 1997 and currently has 20 manufacturing units, over 100 stores and an e-commerce website.

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