Campus Activewear Share Price in Focus After Q2 FY26 Earnings Results: PAT Up 40% YoY

Campus Activewear Limited announced its standalone unaudited financial results for the quarter and half-year ended September 30, 2025. The sports and athleisure footwear company demonstrated strong revenue growth and robust profitability expansion, driven by festive season demand and continued brand-building momentum across its retail and distribution network.

Campus Activewear Q2 FY26 Earnings Results

For the quarter ended September 30, 2025, Campus Activewear achieved standalone revenue from operations of ₹386.61 crore, registering exceptional growth of 16% YoY and 13% QoQ. Total income stood at ₹391.76 crore, up 16% YoY and 12% QoQ compared to the respective periods.

Profit before tax reached ₹26.95 crore, marking an expansion of 38% YoY, though declining 11% QoQ. Profit after tax stood at ₹20.07 crore, demonstrating strong growth of 40% YoY, though declining 10% QoQ. Basic and diluted earnings per share were ₹0.66 for the quarter compared to ₹0.47 in Q2 FY25.

Campus Activewear Half Year FY26 Results

For the half year ended September 30, 2025, standalone revenue from operations reached ₹729.88 crore, up 9% from ₹672.45 crore in H1 FY25. Total income totalled ₹741.17 crore, reflecting 9% growth year on year.

Half-year PBT stood at ₹57.33 crore, growing 7% from ₹53.69 crore previously. PAT came to ₹42.27 crore, up 7% from ₹39.68 crore in H1 FY25. Earnings per share for the half year were ₹1.38, up 6% YoY.

Read More: ESAB India Q2 FY26 Earnings Results: Share Price Jumps 15% on Profit Surge of 83% YoY and ₹25 Dividend!

Operational Efficiency and Margins

Cost of materials consumed for Q2 FY26 was ₹240.15 crore compared to ₹185.58 crore in Q2 FY25. Changes in inventories showed favourable movement of ₹64.21 crore, reflecting strong inventory build-up ahead of the festive season. Employee benefits expense stood at ₹34.18 crore while other expenses totalled ₹122.11 crore for the quarter.

Balance Sheet Strength

Total assets stood at ₹1,531.84 crore as of September 30, 2025, up from ₹1,305.17 crore as of March 31, 2025. Inventories increased to ₹497.80 crore from ₹379.81 crore, reflecting inventory buildup for festive season sales. Trade receivables improved to ₹166.37 crore from ₹148.01 crore previously.

Total equity reached ₹793.69 crore compared to ₹756.51 crore at year's end. Non-current borrowings stood at ₹181.36 crore, while current borrowings were ₹165.25 crore. Cash and cash equivalents stood at ₹10.13 crore as of the reporting date.

Strategic Developments

The company acquired land and a building of approximately 47,000 square metres in Uttarakhand on September 2, 2025, for an all-cash consideration of ₹74.75 crore. This investment aims to expand existing capacity for manufacturing uppers and assembly of finished goods in a phased manner.

Accounting Policy Change

During Q2 FY26, the company changed its inventory valuation method from First In First Out to Moving Weighted Average. This change was made to better reflect consumption patterns and the cost flow of inventory, aligning with industry practices. The impact of this change on the current quarter is not material.

Campus Activewear Share Price Performance

On November 12, 2025, Campus Activewear share price opened at ₹275.00 on NSE, above the previous close of ₹274.65. During the day, it surged to ₹286.55 and dipped to ₹274.00. The stock is trading at ₹279.10 as of 1:32 PM. The stock registered a moderate gain of 1.62%.

Over the past week, it has moved up by 2.88%, over the past month, it has declined by 1.78%, and over the past 3 months, it has moved up by 6.79%.

Conclusion

Campus Activewear demonstrated strong standalone performance in Q2 and H1 FY26 with PAT growing 40% YoY and revenue expanding 16% YoY, supported by sustained brand momentum, expanding distribution reach, festive season demand and strategic capacity additions to support future growth in the sports and athleisure footwear segment.

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