Trade distribution channel supports growth

Company

29 May 2024 | 5 Min Read

Campus Activewear posted 5% YoY revenue growth in 4QFY24.

EBITDA and PAT grew 13% and 43% YoY respectively.

Reduction in factory overhead and lower ad spending contributed to growth.

Company maintains estimates with 14%/35% revenue/PAT CAGR over FY24-26.

Stock has corrected sharply, but strong market position indicates market recovery.

Reiterate BUY with a TP of INR295.