Campus Activewear Ltd reported an over three-fold increase in its consolidated net profit at Rs 39.60 crore for the fourth quarter ended March 2022. The shoemaker, which was listed on BSE earlier this month, had posted a net profit of Rs 10.01 crore in the January-March quarter a year ago, said Campus Activewear Ltd in a regulatory filing.
Its revenue from operation rose 28.07 percent to Rs 352.33 crore against Rs 275.10 crore in the year-ago period. The company's total expenses were at Rs 295.30 crore, up 31.05 percent in Q4 FY22 compared to Rs 225.32 crore in Q4 FY21.
For the entire fiscal ended March 2022, Campus Activewear's net profit was up over four-fold to Rs 124.41 crore. It had reported a net profit of Rs 26.86 crore in the previous fiscal. Its revenue from operations was Rs 1,194.18 crore in 2021-22. This is 67.89 percent higher than Rs 711.28 crore in FY21.
Campus Activewear chairman and managing director H K Agarwal said the company achieved its "highest-ever revenue" in a financial year, despite multiple disruptions caused by the second wave of COVID-19, the Omicron variant scare, and a hike in GST rates.
"The company continues to reap benefits from its strategic blend of in-house capability and backward integration enabling flexibility in design, quality control, cost control, and timing to market. Campus Activewear's design team is well-equipped to identify emerging international fashion footwear trend and customize it, thereby bringing customer delight to the Indian market," he said.
Campus Activewear aspires to strengthen its footprints in the western and southern parts of India.
"The company will continue to accentuate its omnichannel experience with a sustained focus on premiumization and product diversification across product segments and categories. With rising disposable income and increasing health quotient amongst consumers, Campus Activewear is well-placed to reap the benefits of the growing sports and athleisure footwear industry in India,” Agarwal added.