Campus Activewear

Campus Activewear disclosed on June 12 that its chief financial officer, Sanjay Chhabra, has resigned effective from the close of business on July 7, 2026, citing personal reasons. The company said it is in the process of finding a replacement and will notify stock exchanges in due course. Chhabra also ceased to be the chief risk officer effective the same date.

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June 12 (Reuters) - Campus Activewear Ltd CAMU.NS:

• CAMPUS ACTIVEWEAR - SANJAY CHHABRA, CHIEF FINANCIAL OFFICER, RESIGNS

• CAMPUS ACTIVEWEAR - IN PROCESS OF APPOINTING NEW CHIEF FINANCIAL OFFICER

Source text: ID:nBSE5RF6zz

Further company coverage: CAMU.NS

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** Shares of Campus Activewear CAMU.NS rise 8% to 255.87 rupees, trading at an over two-week high

** Stock set for its best day in nearly two years, if gains hold; volumes at nearly 200 times its 30-day average

** CAMU reports a 25.7% rise in Q4 profit to 441 million rupees ($4.62 million), helped by strong demand in online channels and continued momentum in sneakers

** India's largest sports and athleisure footwear maker by volume's revenue rose 12.3% year-on-year

** Campus says it has taken price increases across its portfolio to offset elevated input costs, particularly in crude-linked raw materials such as EVA and polyurethane

** Ambit Capital said Campus continued to gain market share, outpacing industry growth estimated at 7–8%, aided by strong online execution

** Campus saw its direct-to-consumer (D2C) business expand, with the segment contributing 48.3% of revenue in the quarter

** Campus trades at a premium, with a 12-month price-to-earnings ratio of 38.79, vs the average 24.04; Stock down 10% YTD

($1 = 95.3800 Indian rupees)

(Reporting by Pranav Kashyap in Bengaluru)

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May 25 (Reuters) - Campus Activewear Ltd CAMU.NS:

• CAMPUS ACTIVEWEAR MARCH-QUARTER PROFIT 441.4 MILLION RUPEES

• CAMPUS ACTIVEWEAR MARCH-QUARTER REVENUE FROM OPERATIONS 4.56 BILLION RUPEES

• CAMPUS ACTIVEWEAR LTD - RECOMMENDS FINAL DIVIDEND OF 1.50 RUPEE PER SHARE

• CAMPUS ACTIVEWEAR LTD - RE-APPOINTS NIKHIL AGGARWAL AS CEO

Source text: ID:nBSE12BdvS

Further company coverage: CAMU.NS

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Feb 9 (Reuters) - Footwear chain Bata India BATA.NS posted a 13% rise in its quarterly profit on Monday, helped by festive demand and consumption tax cuts by the government.

The company, which sells Hush Puppies and North Star shoes in India, posted a consolidated quarterly profit of 661 million rupees ($7.29 million) for the third quarter ended December 31, up from 587 million rupees a year earlier.

Bata's quarterly revenue rose 3% to 9.45 billion rupees, returning to growth after declines in the first two quarters.

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KEY CONTEXT

India's government last September cut the goods and services tax on footwear priced below 2,500 rupees, supporting demand for affordable shoes.

Bata India had flagged signs of a recovery in demand during the local festive season late last year after reporting a steep profit decline in the July–September quarter, when consumers delayed purchases to wait for lower tax rates.

Peers Metro Brands METB.NS and Campus Activewear CAMU.NS also posted strong quarterly profit growth in the corresponding period.

PEER COMPARISON

* The mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

OCTOBER-DECEMBER STOCK PERFORMANCE FOR PEERS

-- All data from LSEG

-- $1 = 90.6540 Indian rupees

(Reporting by Surbhi Misra in Bengaluru and Praveen Paramasivam in Chennai; Editing by Ronojoy Mazumdar and Shreya Biswas)

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Feb 2 (Reuters) - Campus Activewear Ltd CAMU.NS:

• CAMPUS ACTIVEWEAR LTD DEC-QUARTER REVENUE FROM OPERATIONS 5.89 BILLION RUPEES

• CAMPUS ACTIVEWEAR LTD - DEC-QUARTER PROFIT 636.8 MILLION RUPEES

Further company coverage: CAMU.NS

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By Vibhuti Sharma and Aditya Kalra

MUMBAI, Jan 13 (Reuters) - Indian footwear firm RedTape is wooing proposals from private equity firms Blackstone and KKR as its founders look to sell a majority stake or even their entire holding worth nearly $510 million, according to sources and a document seen by Reuters.

Launched in 1996, RedTape REDT.NS competes with global giants such as Nike NKE.N, Adidas ADSGn.DE, Bata India BATA.NS, and Campus Activewear CAMU.NS in a sector set to grow 11% a year to $21 billion by 2028, market research firm 1Lattice estimates.

RedTape's founding family, the Mirzas, have appointed global consultancy Ernst & Young as the exclusive financial adviser for "divestment of their stake", according to a document dating from December detailing the planned transaction, seen by Reuters.

EY has reached out to private equity firms Blackstone and KKR & Co to explore potential offers for the family's stake, said two of the three sources.

It is currently seeking non-binding indicative offers, added one of the three sources, who all sought anonymity, as the process is confidential.

RedTape's Managing Director Shuja Mirza and his father, the company's chairman, Rashid Ahmed Mirza, did not respond to a request for comment from Reuters.

EY and KKR declined to comment, while Blackstone did not respond to Reuters queries.

POPULAR FOR LEATHER SHOES, SNEAKERS

Family-run Indian companies are luring foreign investors for their strong grip on domestic markets.

Singapore's state investor Temasek acquired a 10% stake in the snacks business of India's Haldiram's last year, valuing the company at about $10 billion.

While two of the sources said the Mirzas are eyeing the sale of at least a majority stake, they added they could consider selling the entire stake of 71.8% if they secure a good deal.

The third source said the family was keen only on the sale of the full stake.

At Monday's closing price, a stake of 50% of the company would be worth $355.58 million, while the entire 71.7% would be worth $509.42 million.

It was not immediately clear why the Mirzas were seeking to sell their stake. RedTape shares have been under pressure since early 2025 and lost 43% last year.

Popular for its leather shoes, RedTape has also diversified into sneakers, shirts, wallets and belts.

It sells items in more than 600 Indian retail stores and has a presence in 14 countries, from Australia to Britain and the United States, Australia, as well as in Europe and West Asia, the company says on its website.

RedTape earned revenue of $223.91 million in the fiscal year 2024/25, up 9.7% from a year earlier, though profit fell 3.5% to $18.84 million.

(Reporting by Vibhuti Sharma in Mumbai and Aditya Kalra in New Delhi; Editing by Clarence Fernandez)

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Oct 16 (Reuters) - Metro Brands METB.NS missed its second-quarter profit estimates on Thursday, as footwear demand softened in anticipation of India's consumption tax cuts.

The firm, which sells Crocs and Fila besides its own brands, posted consolidated quarterly profit of 676.9 million rupees ($7.69 million), missing analysts' expectation of 822.6 million rupees, according to data compiled by LSEG.

A consumption slowdown in India's urban centers have dragged earnings for footwear retailers including rivals Bata BATA.NS and Campus Activewear CAMU.NS, which are yet to report their results.

Metro's quarterly revenue grew about 11% to 6.51 billion rupees, helped by e-commerce sales that have grown 39% from a year ago.

But analysts expect a demand boost in the second half of the year due to festivals and tax cuts. Shares of the company have risen 7% since the consumption tax cuts were announced.

Demand remains strong for products that cater to upper middle class and richer Indians, despite the dampening effect of the high cost of living on overall urban consumption.

Metro has benefited from such premiumization as 54% of sales in the first half were from footwear retailing for more than 3,000 rupees.

($1 = 87.9930 Indian rupees)

(Reporting by Komal Salecha and Urvi Dugar; Editing by Sahal Muhammed)

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** Footwear makers Campus Activewear CAMU.NS, Metro Brands METB.NS, Bata India BATA.NS jump 2%-7% on govt's GST cut announcement

** For BATA, 40% of sales under 1,000 rupees to move from 12% to 5% GST, while rest mostly under 2,500 rupees, moving from 18% to 5% - Goldman Sachs

** Adds, for METB, 50% of sales under 2,500 rupees to move to 5% tax slab

** Apparel retailers Trent TREN.NS, Aditya Birla Fashion ADIA.NS, Baazar Style BAAZ.NS, Vishal Mega Mart VSSL.NS rise 2%-5%

** Trent's Zudio stores benefit as large chunk of sub-2,500 rupee apparel now taxed at 5% vs 12%

** Vishal Mega Mart gets nearly 50% revenue from apparel; Baazar Style gets 86%

(Reporting by Nandan Mandayam in Bengaluru)

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Sept 3 (Reuters) - Campus Activewear Ltd CAMU.NS:

• CAMPUS ACTIVEWEAR LTD - BUYS LAND FROM NAINIPANEL INDUSTRIES

• CAMPUS ACTIVEWEAR LTD - DEAL FOR 747.5 MILLION RUPEES

Source text: ID:nBSEbZC5Gw

Further company coverage: CAMU.NS

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** Footwear retailer Campus Activewear CAMU.NS falls 2.18% to 255 rupees

** Co's profit after tax drops 12.6% y/y, weighed by higher depreciation expenses from capacity expansion

** Revenue rises 1.2%, as sales volumes drop 11.6% but average selling price rises 14.5% y/y

** Consolidation of 3 warehouses into one led to loss of 15-20 selling days in online channels, resulting in volume decline

** CAMU falls ~21% YTD

(Reporting by Ananta Agarwal in Bengaluru)

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Aug 13 (Reuters) - Campus Activewear Ltd CAMU.NS:

• JUNE-QUARTER PROFIT 222 MILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 3.43 BILLION RUPEES

Source text: ID:nBSEbhW7q6

Further company coverage: CAMU.NS

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May 29 (Reuters) - Campus Activewear Ltd CAMU.NS:

• MARCH-QUARTER PROFIT 350.3 MILLION RUPEES

• MARCH-QUARTER REVENUE FROM OPERATIONS 4.06 BILLION RUPEES

Source text: ID:nBSE2lQ1Ht

Further company coverage: CAMU.NS

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** Indian footwear stocks jump as Finance Minister Nirmala Sitharaman announces new policy to support domestic leather industry, footwear sector

** Bata India BATA.NS and Metro Brands METB.NS rise 2.2% and 1.8% respectively; Liberty Shoes LIBS.NS jump 6.5%

** Relaxo Footwear RLXO.NS climbs 6%, Khadim India KHAD.NS and Campus Activewear CAMU.NS advance 2.5% and 5.2% respectively

** Sitharaman says policy measures expected to generate employment for 2.2 mln people, achieve revenue of 400 bln rupees

(Reporting by Hritam Mukherjee and Ashna Teresa Britto in Bengaluru)

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Nov 11 (Reuters) - Campus Activewear Ltd CAMU.NS:

• SEPT-QUARTER PAT 143 MILLION RUPEES

• SEPT-QUARTER REVENUE FROM OPERATIONS 3.33 BILLION RUPEES

• TO SET UP NEW PREMISES AT HARIDWAR, INCREASE CAPACITY IN GANNAUR PLANT

Source text: ID:nBSE3hR80g

Further company coverage: CAMU.NS

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Aug 12 (Reuters) - Campus Activewear Ltd CAMU.NS:

• CAMPUS ACTIVEWEAR JUNE-QUARTER PAT 253.8 MILLION RUPEES

• CAMPUS ACTIVEWEAR JUNE-QUARTER REVENUE FROM OPERATIONS 3.39 BILLION RUPEES

• CAMPUS ACTIVEWEAR- REAPPOINTS HARI KRISHAN AGARWAL AS CHAIRMAN, MD

• CAMPUS ACTIVEWEAR- REAPPOINTS NIKHIL AGGARWAL AS CEO

Source text for Eikon: [ID:]

Further company coverage: CAMU.NS

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May 28 (Reuters) - Campus Activewear Ltd CAMU.NS:

• CAMPUS ACTIVEWEAR LTD MARCH-QUARTER PAT 327.5 MILLION RUPEES VERSUS 229.4 MILLION RUPEES

• CAMPUS ACTIVEWEAR LTD MARCH-QUARTER REVENUE FROM OPERATIONS 3.64 BILLION RUPEES VERSUS 3.48 BILLION RUPEES

Source text for Eikon: ID:nNSE17xp2x

Further company coverage: CAMU.NS

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March 14 (Reuters) - International Conveyors Ltd ICON.NS:

• ACQUIRED EQUITY SHARES OF CAMPUS ACTIVEWEAR

• DEAL FOR 46.9 MILLION RUPEES

Source text for Eikon: ID:nBSE1vJYSl

Further company coverage: ICON.NS

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** Shares of Campus Activewear CAMU.NS extend gains for second session, adding as much as 5.5% to 265.85 rupees apiece

** The sports and athleisure footwear maker's shares jumped about 3% on Wednesday, on block deals

** Today's rise comes after exchange data shows purchase of 1.33% stake in the company by SBI Mutual Fund while QRG Investments offloads 1.33% stake, via block deals

** QRG Investments has now almost exited the company; QRG held 1.38% stake in the company at the end of December quarter, according to National Stock Exchange data

** CAMU's shares down about 9% in 2024 so far, including session's gains - NSE data

(Reporting by Bharath Rajeswaran in Bengaluru)

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Feb 9 (Reuters) - Campus Activewear Ltd CAMU.NS:

• DEC-QUARTER PAT 248.9 MILLION RUPEES VERSUS 483.1 MILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 4.72 BILLION RUPEES VERSUS 4.66 BILLION RUPEES

Source text for Eikon: ID:nNSE2zw2Vh

Further company coverage: CAMU.NS

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** Shares of Campus Activewear CAMU.NS fall as much as 9.9% to 237.8 rupees - its lowest level since listing in May 2022

** Stock logs biggest intraday pct loss since Nov. 11, 2022; on track for a second consecutive session of losses, if trend holds

** Co reported 22.4% decline in Sept-qtr revenue from operations

** Profit after tax fell to 3.2 mln rupees ($38,423.44) from 145.4 mln rupees a year ago

** More than 6.4 mln shares change hands by 11:25 a.m. IST, 7x the 30-day avg

** Stock currently down 4.5%, dragging YTD losses to 39%

($1 = 83.2825 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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BENGALURU, Nov 8 (Reuters) - Bata India BATA.NS reported a 38% fall in second-quarter profit on Wednesday, hurt by a one-time charge and as inflationary pressures kept footfalls at its shoe outlets in check.

The footwear maker said its consolidated profit fell to 339.9 million rupees ($4.1 million) in the July-September quarter, from 548.2 million rupees in the year-ago quarter.

The latest quarter's results included a 409 million rupees charge related to a voluntary retirement scheme at one of its manufacturing units.

Bata India's revenue slipped 1.3% during the quarter.

Indian businesses grappled with lower footfall in the quarter as higher inflation pushed consumers to tighten their belts, particularly on non-essential spending.

While India's retail inflation has eased of late, it still remains uncomfortably high.

However Relaxo Footwear RLXO.NS posted a 97.3% surge in profit earlier in November, backed by strong demand. Khadim India KHAD.NS and Campus Activewear CAMU.NS will announce their results later this month.

Shares in Bata, a unit of its Netherlands-based namesake parent, closed up 1.2% ahead of its results.

($1 = 83.2673 Indian rupees)

(Reporting by Ashna Teresa Britto and Indranil Sarkar in Bengaluru; Editing by Savio D'Souza)

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BENGALURU, Aug 9 (Reuters) - Footwear maker Bata India BATA.NS reported its first drop in profit in eight quarters on Wednesday, as soft demand dragged its revenue growth to a nine-quarter low.

The company's consolidated profit fell 10.5% to 1.07 billion Indian rupees ($12.92 million) in the April-June quarter, while revenue from operations increased just 1.6% to 9.58 billion rupees.

That was the slowest revenue growth since the March-quarter of 2021 as the company, which is better known for its formal shoes, grapples with a growing consumer preference for casual wear.

Bata has lagged its peers due to a slow pace of innovation and ebbing brand pull, while its lower-price products have grown at a slower pace, brokerage Ambit Capital had said in a note in May.

As a result, say analysts, it has struggled with high inventory, which forced it into an early end-of-season sale.

Compounding its problems, Bata's expenses increased 4.5% in the quarter, while inventory costs spiked to 3.83 billion rupees.

Relaxo Footwears RLXO.NS, which owns the Sparx sports shoe brand, had hiked prices to counter the increased costs, which helped it post an increase in profit last quarter.

Bata's peers Khadim India KHAD.NS and Campus Activewear CAMU.NS will announce their results later this month.

Shares of Bata, a unit of its Netherlands-based namesake parent, closed 3.2% lower ahead of the results.

That cut its gains for the year to 3.1%, which is still more than its peers. Relaxo's shares have inched up 1.6%, while Khadim has dipped 0.5% and Campus Activewear has slumped about 30%.

($1 = 82.8270 Indian rupees)

(Reporting by Biplob Kumar Das in Bengaluru; Editing by Savio D'Souza)

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** Shares of sports and athleisure foot wear co Campus Activewear CAMU.NS fall as much as 6.7% to 282.75 rupees, its lowest since market debut in May 2022

** About 4.7 mln shares changed hands via multiple block deals in price range of 289.35-295 rupees compared with previous close of 303 rupees, as per Refinitiv data

** About 8 mln shares are likely to be sold via block deals at a value of 2.40 bln rupees ($29.07 million), CNBC Awaaz reported on Tuesday

** CAMU did not immediately comment on block deals

** About 10.5 mln shares change hands, 17x 30-day avg of 615,843 shares

** CAMU shares are down 29% YTD

($1 = 82.5550 Indian rupees)

(Reporting by Nallur Sethuraman in Bengaluru)

(([email protected]; (+91 8061822737); Reuters Messaging: [email protected]))

** Shares of Campus Activewear Ltd CAMU.NS fall as much as 8% to 305.15 rupees, lowest since June 20, 2022

** Co reported flat PAT in Q4 at 229.5 mln rupees; Motilal Oswal says PAT was a 48% miss compared to their expectations

** Says decline in EBITDA and margin contraction was due to 50% rise in selling, general, and administrative (SG&A) expenses

** Adds half of SG&A jump due to higher ad spends, while some increase can be attributed to doubling of stores and warehouse rent

** Stock closed 7.6% lower on Tuesday after posting Q4 results on Monday

** Stock on track to fall for third straight session, if losses hold

** More than 2.5 mln shares change hands as of 2:30 p.m. IST, over 4.5x the 30-day moving average

** Avg rating of analysts around equivalent of 'buy;' median PT is 385.00 rupees - Refinitiv data

** Including day's fall, stock extends YTD decline to 25.3%

(Reporting by Varun Vyas in Bengaluru)

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** Shares of Campus Activewear Ltd CAMU.NS open 6.4% lower on Tuesday at 336 rupees, their steepest pct drop since March 24

** Co reported 1.3% decline in Q4 revenue from operations; profit after tax remained flat YoY

** Co also appointed Sanjay Chhabra as chief financial officer

** About 536,000 shares change hands by 10:22 a.m. IST, roughly equal to the 30-day avg - Refinitiv Data

** Stock on track to fall for second consecutive session, if trends hold

** Four analysts rate stock 'buy' or higher, one 'strong sell;' median PT is 450 rupees- Refinitiv data

** Stock last down 4.8%, extending YTD losses to 17.3%

(Reporting by Priya Sagar in Bengaluru)

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