Campus Activewear Ltd. · NSE:CAMPUS
Campus Activewear — Q3 FY26 Earnings Presentation
33 slides from Campus Activewear's earnings presentation, Feb 2, 2026
Slide 1: Exchange filing cover letter under Regulation 30
2nd February 2026 To, BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department Exchange Plaza, C-1, Block G, 1st Floor, New Trading Ring, Rotunda Building, Bandra Kurla Complex, Bandra (East), P. J. Towers, Dalal Street, Mumbai – 400 051 Mumbai – 400 001 SCRIP CODE: 543523
Slide 2: Campus Activewear Limited Investor Presentation Q3 FY26
CAMPUS ACTIVEWEAR LIMITED INVESTOR PRESENTATION Q3- FY 26 | 02 FEB 2026
Slide 3: Table of Contents
TABLE OF CONTENTS 01 Business Snapshot 02 Business Highlights 03 Business Performance – Q3 FY26 04 Growth Vectors 05 Industry Landscape
Slide 4: Disclaimer
Disclaimer IMPORTANT: You must read the following before continuing. The following applies to this document, the oral presentation of the information in this document by Campus Activewear Limited (the “Company”) or any person on behalf of the Company, and any question-and-answer session that follows
Slide 5: Our Journey to Become India's #1 S&A Footwear Brand
Our Journey to Become India’s #1 S&A Footwear Brand Backward integration initiative – Upper EBO store Manufacturi count ng facility at crosses 250 Haridwar Backward & integration Inception of Successful initiative - Sole IPO – Campus Upper the EBO store Implentation Manufacturing On- launch of Manuf
Slide 6: Business Snapshot
01 BUSINESS SNAPSHOT 5
Slide 7: India's Largest & Fastest Growing Scaled Sports & Athleisure Footwear Brand
CAMPUS - India’s Largest & Fastest Growing Scaled Sports & Athleisure Footwear Brand 50.6% 29,000+ Revenue from Operations* 50.6% Revenue Contribution from Direct-to- 29,000+ Retailers across 700+ districts and 28 Q3 FY26: INR 588.6 Cr (+14.3% YoY Gr%) Consumer Channels during Q3 FY26 vs 48.2% state
Slide 8: Product – Placement – Promotion Interplay Generating Business MOAT
Product – Placement – Promotion Interplay Generating Business MOAT Internal Strengths Curated Over the Years Across Product Design, Supply Chain, Distribution and Marketing is Onerous to Replicate Sustained focus on Product Innovation and Design Integrated Manufacturing Ecosystem 30.7 mm Exclusive a
Slide 9: Experienced Management & Professional Board at the Helm of Affairs
Experienced Management & Professional Board at the Helm of Affairs Key Management Board of Directors Mr. H.K. Agarwal Mr. Nikhil Sanjay Chhabra ◼ Whirlpool Chairman & Aggarwal Chief Financial Mr. H.K. Agarwal Mr. Nikhil ◼ One of the ◼ One of the ◼ Carlsberg Managing Promoters of CEO & Whole-Time Pro
Slide 10: Key Pillars of Business MOAT
Key Pillars of Business MOAT Superior Product Vertically Integrated Omni-Channel Innovative Marketing Digitization of Sales 1 Innovation and Design 2 Manufacturing 3 4 5 Customer Experience Capabilities Process Capabilities Ecosystem Innovation, Annual assembly Pan-India omni- Move from stand- Advan
Slide 11: Business Highlights
«© CAMPUS 02 BUSINESS HIGHLIGHT
Slide 12: Superior Product Innovation and Design Capabilities
Manufacturing Product Design Distribution Marketing Digitization Ecosystem 1 Superior Product Innovation and Design Capabilities Highly experienced in-house Global Design Consultancy Network team of 30+ designers and Design Sourcing Tie-ups Deliver New and Identify emerging international fashion tre
Slide 13: Vertically Integrated Manufacturing Ecosystem
Manufacturing Product Design Distribution Marketing Digitization Ecosystem 2 Vertically Integrated Manufacturing Ecosystem Annual Assembly Capacity of 30.7 mm pairs (1) Uppers In-house 32.7% Haridwar I ✓ 90% domestic raw material sourcing Haridwar II Outsourced 67.3% Paonta ✓ Exclusive ancillary net
Slide 14: Omni Channel Platform to Reach Customers Where They Are
Manufacturing Product Design Distribution Marketing Digitization Ecosystem 3 Omni Channel Platform to Reach Customers Where They Are Pan-India Distribution Presence (29,000+ Retail Touchpoints in more than Pan India Distribution Presence All-Inclusive Use of E-commerce Channels 700+ districts and we
Slide 15: Building Women's Category #YouGoGirl Campaign
Manufacturing Product Design Distribution Marketing Digitization Ecosystem BUILDING WOMEN'S CATEGORY #YOUGOGIRL CAMPAIGN • YGG campaign celebrated how women choose to move through life — unapologetically, emotionally, socially and on their own terms. • Kriti Sanon was a natural fit as a cultural mir
Slide 16: Retailer Meet 2025 - Move Together Grow Together
Manufacturing Product Design Distribution Marketing Digitization Ecosystem RETAILER MEET 2025 - MOVE TOGETHER GROW TOGETHER Deepening the commitment to celebrate individuality, self-assured expression, and authenticity. ACTIVATING MULTIPLE CONSUMER TOUCHPOINTS • TV campaign || 640 GRPs across 12600
Slide 17: Digitization of Sales Process has Generated a Virtuous Flywheel
Manufacturing Product Design Distribution Marketing Digitization Ecosystem 5 Digitization of Sales Process has Generated a Virtuous Flywheel enabling Faster Speed to Market Our Data Centric Approach allows us to understand Investment in D2C & Faster customer Consumer Demand Trends, Tech initiatives
Slide 18: Business Performance
«© CAMPUS 03 BUSINESS PERFORMANCE
Slide 19: Q3 FY26 – Financial & Business Highlights
Q3 FY26– Financial & Business Highlights In INR Cr. YOY QOQ Parameters Q3 Q2 Q3 Growth Growth (INR Cr.) FY26 FY26 FY25 % % Revenue* 588.6 386.6 514.9 14.3% 52.2% EBITDA 115.8 55.0 85.9 34.8% 110.4% PAT 63.7 20.1 46.5 37.0% 217.5% FINANCIAL HIGHLIGHTS Q3FY26 vs Q3FY25 (YoY) ❖ Sales volume at 82.8 lac
Slide 20: 9M FY26 – Financial & Business Highlights
9M FY26– Financial & Business Highlights In INR Cr. YOY Parameters 9M FY26 9M FY25 Growth (INR Cr.) % Revenue* 1,318.5 1,187.3 11.1% EBITDA 226.2 181.5 24.6% PAT 106.0 86.1 23.0% FINANCIAL HIGHLIGHTS 9MFY26 vs 9MFY25 (YoY) ❖ Sales volume at 191.5 lacs pairs vs 187.6 lacs pairs in 9M FY25, +2.0% YoY
Slide 21: Statement of Profit & Loss
Statement of Profit & Loss In INR Cr. Particulars (INR Cr) Q3-FY26 Q2-FY26 Q3-FY25 Gr% vs LY Gr% QoQ Revenue from Operations* 588.6 386.6 514.9 14.3% 52.2% Total Income** 594.1 391.8 518.6 14.6% 51.7% 315.2 211.3 265.5 18.7% 49.1% Gross Margin 53.1% 53.9% 51.2% 3.6% -1.7% Employee Cost 36.8 34.2
Slide 22: Q3 FY26 & TTM 9MFY26 – Financial Highlights
Q3 FY26 & TTM 9MFY26– Financial Highlights Revenue from Operations (1) (INR Cr) Volume Sold (# mm) Average Selling Price (INR / Pair) 8.3 669 682 675 658 671 672 711 588.6 7.6 585 622 514.9 7.0 6.9 465.6 472.1 6.2 5.8 5.8 Quarterly 405.7 386.6 5.4 339.2 333.3 343.3 5.1 Q2FY26 Q3FY23 Q3FY24 Q1FY25 Q2
Slide 23: Q3 FY26 & TTM 9MFY26 Revenue: Segmental Analysis
Q3 FY26 & TTM 9MFY26 Revenue: Segmental Analysis Trade Distribution Channel Campus Activewear Limited (1) 832.9 906.0 743.2 813.0 767.8 535.3 1,724.2 1,593.0 1,484.3 1,448.3 FY21 FY22 FY23 FY24 FY25 TTM 9MFY26 Annual 1,194.2 711.3 Direct to Consumer Channel FY21 FY22 FY23 FY24 FY25 TTM 9MFY26 804.5
Slide 24: Q3 FY26 & TTM 9MFY26 – Financial Highlights
Q3 FY26 & TTM 9MFY26– Financial Highlights Revenue from Operations (1) (INR Cr) EBITDA (2)&(4) (INR Cr) Profit After Tax (3)&(4) (INR Cr) 19.9% 12.2% 15.8% 12.4% 16.6% 18.7% 10.4% 5.3% 4.2% 9.0% 6.4% 5.2% 15.9% 14.0% 19.5% 7.4% 8.5% 10.8% 588.6 EBITDA Margin (%) 514.9 PAT Margin (%) 465.6 472.1 115.
Slide 25: Q3 FY26 & TTM 9MFY26 - Working Capital Trends
Q3 FY26 & TTM 9MFY26 - Working Capital Trends Days Sale Outstanding (2) Days Payable Outstanding (2) Net Receivables/Rs Cr. 121.3 115.9 155.2 147.5 133.1 194.5 Net Payables/Rs Cr. 146.0 183.3 205.5 207.3 213.0 261.6 131 116 62 Annual 102 109 41 89 88 36 39 37 31 FY21 FY22 FY23 FY24 FY25 TTM FY21 FY2
Slide 26: Q3 FY26 & TTM 9MFY26 - Return Ratios
Q3 FY26 & TTM 9MFY26 - Return Ratios Net Debt (1) Net Debt (1) / EBITDA INR Cr 134.6 173.9 156.8 128.7 1.1 0.7 Annual 0.6 0.4 (35.7) (0.2) (0.6) (161.5) FY21 FY22 FY23 FY24 FY25 TTM FY21 FY22 FY23 FY24 FY25 TTM 9MFY26 9MFY26 Return on Equity (2) (%) Return on Capital Employed (3) (%) 29.3% 30.6% 23.
Slide 27: Growth Vectors
«© CAMPUS 04 GROWTH VECTORS
Slide 28: Prime Growth Vectors Going Forward
Prime Growth Vectors Going Forward Product Diversification via Extension into Allied Categories Text Sustained Focus on Premiumization Across Product Segments Further Accentuate our Omni-channel Experience Steadily Extend into New Territories By Deepening our Presence in Western and Southern Regions
Slide 29: India S&A Footwear Market has Attractive Industry Prospects
India S&A Footwear Market has Attractive Industry Prospects Footwear is Expected to be among the fastest Growing segments within the Retail Industry Within Indian Retail Indian Footwear Market Size Total Addressable Market (FY25P) Industry, Footwear is 12% 15% 19% 21% Expected to be One of the 48% 5
Slide 30: Industry Landscape & Positioning
05 INDUSRY 05 INDUSTRY LANSCAP LANDSCAPE & & POSITIONING POSITIONING 29
Slide 31: S&A Footwear in India is Highly Underpenetrated
S&A Footwear in India is Highly Underpenetrated Structural Growth Drivers in Place – Increase in Fitness Consciousness and Disposable Income Annual Footwear Consumption Per Capita Annual Expenditure Share of S&A in Footwear Retail on S&A Footwear (pairs per capita) (in US$) 1.9 1.1 15% India’s Per C
Slide 32: Widest Presence Across Price Segments
Widest Presence Across Price Segments Largest Market Coverage Addressing 85%+ of the S&A Footwear Market S&A Footwear Market (FY21) Revenue Contribution for CAMPUS INR 90bn Q3 FY25 Q3 FY26 Premium-Plus Nike 13% (Above INR 3,000) Puma Adidas Priced above INR 1,500 Expansive and Diverse Entry to Premi
Slide 33: Thank You
«© CAMPUS THANK YOU