Campus Activewear Shares Surge 14% on Strong Q4 Results

Campus Activewear's shares surged 14% after posting strong Q4FY24 earnings.

Net profit increased by 42.6% YoY, reaching ₹32.7 crore.

Revenue for Q4FY24 rose 4.6% YoY to ₹364 crore.

EBITDA grew 16% YoY, hitting ₹66.4 crore with an improved EBITDA margin of 18.3%.

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Sequentially, net profit grew 31.5% from Q3FY24, while revenue declined 23% due to seasonal effects.

Despite this, shares hit a high of ₹296.10.

For FY24, net profit fell 23.7% to ₹89.4 crore, and revenue dropped 2.4%.

Campus Activewear repaid ₹156 crore, achieving net-debt-free status.

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