Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹589 Cr
verification pending
Revenue YoY
14.3%
reported change
EBITDA
₹115.8 Cr
latest reported figure
Source
bse pending
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Campus Activewear delivered a strong Q3 FY26 with revenue of ₹589 crore (+14.3% YoY) and PAT of ₹63.7 crore (+37% YoY), driven by festive demand, GST rationalization, and premiumization. EBITDA margin expanded 290 bps to 19.5% on better mix and fixed cost leverage. Key growth levers included a 5.2% ASP increase to ₹711, sneaker volumes doubling, and women's category mix rising to 22% (from 18.7%). The company launched athleisure apparel in January 2026 across 60+ EBOs and online platforms. Management expressed high confidence in sustaining growth, citing distribution expansion (29,000 touchpoints) and a strong product pipeline. Risk: demand recovery remains tepid industry-wide, and Q4 seasonality toward open footwear may pressure margins.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets gross margin improvement versus last year on a full-year basis, driven by product and channel mix.
- Apparel launched in 60+ EBOs and online; plans to expand to more EBOs after adding trial rooms.
- EBO count kept stable; focus on unit economics and profitability before resuming store additions.
Risks flagged
- Management noted that overall industry demand has not picked up as anticipated, which could cap growth.
- Analyst raised concern about inverted GST duty; management said they are filing refunds but impact not quantified.
- Q4 typically sees higher mix of open footwear, which may pressure ASP and margins.
Key quotes
- Our sneaker portfolio has doubled in volume validating strong consumer adoption.
- We are trying to get a unit economics at a store level perfectly right. The apparel and other ancillary category addition is an effort in that direction.
- We have a high degree of confidence on the way forward as a lot of initiatives planned for the past 3 years are now materializing.
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