Campus Activewear Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 13, 2023 at 06:36 pm IST
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Campus Activewear Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 4,656.21 million compared to INR 4,335.48 million a year ago. Revenue was INR 4,664.97 million compared to INR 3,339.11 million a year ago. Net income was INR 483.14 million compared to INR 547.18 million a year ago. Basic earnings per share from continuing operations was INR 1.59 compared to INR 1.8 a year ago. Diluted earnings per share from continuing operations was INR 1.58 compared to INR 1.8 a year ago.
For the nine months, sales was INR 11,364.99 million compared to INR 8,418.44 million a year ago. Revenue was INR 11,386.72 million compared to INR 8,439.46 million a year ago. Net income was INR 941.73 million compared to INR 855.83 million a year ago. Basic earnings per share from continuing operations was INR 3.09 compared to INR 2.82 a year ago. Diluted earnings per share from continuing operations was INR 3.09 compared to INR 2.82 a year ago.
Campus Activewear Limited is an India-based sports and athleisure footwear company. The Company is primarily engaged in the business of manufacturing and trading sports and athleisure footwear and accessories through its retail and wholesale networks. The Companyâs brand includes CAMPUS. The Company offers a diverse product portfolio for the entire family. It offers a range of style, color, size and functionality options for men, women, kids, and children. It has over 2,100 active styles of footwear for men, women, kids and children. The style of its footwear is categorized into open footwear and closed footwear categories. Open footwear includes sandals and slippers. Closed footwear refers to footwear such as shoes and boots. It owns and operates five manufacturing facilities across India. The Company has two channels of distribution, namely, trade distribution, and direct-to-consumer.