Small cap stock jumps 18% after company’s net profit increased by 44% YoY

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Small cap stock jumps 18% after company’s net profit increased by 44% YoY
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The shares of a leading footwear manufacturer gained 18 % after the company’s net profit increased by 44 percent in Q4 FY24.

Campus Activewear (NS: CAMU ) Ltd. is a small-cap company with a market capitalization of Rs 8,889 crore. At 11:30 a.m., the company shares were trading at Rs 291 a share, which decreased by 16.3 percent from the previous close price of Rs 250.20 a share.

Campus Activewear Ltd. reported robust financial performance for Q4 FY24, with a consolidated net profit of ₹33 crores, reflecting a notable 44% increase from the corresponding quarter of the previous year. The total revenue for the same quarter reached ₹348 crores, marking a 4.5% rise compared to the previous year’s quarter.

For the fiscal year 2023-24, the company’s consolidated net profit stood at ₹89 crores, showing a substantial 24% decline from the preceding fiscal year. Similarly, the total revenue for the fiscal year witnessed a 2.5% decline, totaling ₹1,448 crores.

EBITDA for Q4 FY24 reached ₹66.4 Cr, up from ₹57.1 Cr in Q4 FY23. The EBITDA margin improved to 18.3% in Q4 FY24 from 16.4% in Q4 FY23. Over the past five years, the company’s revenue has grown at a CAGR of 18.7%.

In the latest shareholding pattern of Campus Activewear Ltd, the Promoters hold 73.88%, Retail shareholders own 13.10%, and Foreign Institutional Investors possess 5.22% of the company’s stake.

Campus Activewear Ltd is one of India’s leading sports and athleisure footwear brands, producing and selling a variety of shoes, including running shoes, walking shoes, casual shoes, and floaters. The company holds a 17% market share in the scaled sports and athleisure footwear segment.

Campus offers an extensive range of styles, colors, sizes, and functionality options for men, women, and children, with a total of 2,100 active styles.

Written by Omkar Chitnis

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