Campus Activewear shares rally 4% as Q3 earnings impress Street; net profit nearly doubles

Campus Activewear stock price has had a terrible start year, falling nearly 20 percent since January.

Shares of Campus Activewear Limited rallied as much as 4 percent to Rs 273 in early trade on February 12 after the company delivered a robust performance across metrics in the December 2024 quarter.

The shoe manufacturer posted a massive net profit of 86 percent year-on-year to Rs 46.5 crore from Rs 25 crore in the same period last year. The strong bottom-line growth was driven by higher revenues and improved operational efficiency.

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Revenue for the quarter rose 9 percent to Rs 515 crore, up from Rs 472 crore in Q3 FY24, reflecting steady demand. At the operating level, EBITDA surged 46 percent to Rs 82.2 crore, compared to Rs 56.4 crore a year ago. The company also reported a sharp improvement in profitability, with the EBITDA margin expanding to 16 percent from 12 percent, aided by better cost management and operational efficiencies.

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Despite the impressive financial performance, shares of Campus Activewear fell 4.64 percent to Rs 263.25 on the BSE ahead of the results announcement. The decline was in line with broader market trends, as investors booked profits ahead of earnings.

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At about 9:20 am, shares of the company were trading  Rs 266, higher by 1.7 percent from the last close on the National Stock Exchange. Campus Activewear stock price has had a terrible start year, falling nearly 20 percent since January.

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