Revenue from operations increased 1.37% year on year (YoY) to Rs 472.01 crore in the third quarter of FY24.

Profit before tax fell 48.50% to Rs 33.47 crore in the quarter ended December 2023 as compared with Rs 65 crore posted in Q3 FY23.

EBITDA slipped 37.9% to Rs 57.6 crore in Q3 FY24 as against Rs 92.8 crore posted in Q3 FY23. EBITDA margin contracted to 12.2% in Q3 FY24 as against 19.9% recorded in the same period last fiscal.

The sales volume stood at 6.9 million pairs in Q3 FY24 while the company’s ASP stood at Rs 681 in Q3 FY24 as compared with Rs 669 in Q3 FY23.

Campus Activewear’s CEO, Nikhil Agarwal, said, “The company successfully navigated the aftereffects of B2B platforms of Q2FY24 with increased focus on the market-place albeit with increased marketing spe...

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