Campus Activewear are Tables Turned !

Campus Activewear are Tables Turned !

The company made its stock market debut on 9th May 2022 Campus Activewear IPO price band was set at 278 to 292 per share. On the listing day itself there was 30% appreciation but prices have been in correction mode ever since Oct 2022.

Campus Activewear CMP 296

Campus Activewear manufactures and distributes a variety of footwear like Running Shoes, Walking Shoes, Casual Shoes, Floaters, Slippers, Flip Flops and Sandals in multiple colours and styles at affordable prices.

Campus Activewear’s CEO Nikhil Agarwal comments on the recently announced Q4 FY 23-24 results of the company -

"Campus Activewear continued to expand its geographical footprint in FY24. The Company added 66 stores in Western, Southern, and Eastern states of India taking the total EBOs to 250+ during the year. 

Despite of the challenging business environment, we remained committed to strengthening our balance sheet. The Company repaid its borrowing of INR 156 Crore in FY24, thereby achieving net-debt-free status during FY24. 

Additionally, we have made significant improvement in our working capital days from 108 days in FY23 to 79 days in FY24 led by lower inventory and conscious trimming of receivable days".

 

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