The global sports and athleisure market is projected to grow at a compound annual rate of 6-8% over the next five years. The Indian sports & athleisure market, comprising apparel, footwear, and sports gear, reflects the global trend with sales growth that is at par with the international market.
The country’s athleisure market was valued at ₹19,500 crores in fiscal 2020 and is expected to grow at a rate of approximately 16% through fiscal 2025.
Campus Activewear Limited recently filed preliminary papers with capital market regulator SEBI to gather up funds through an initial share sale. The IPO involves an offer for the sale of 5.1 crore shares by promoters and existing shareholders, according to the draft red herring prospectus. So, Campus Activewear will not receive any proceeds from the offer.
Sports and Athleisure
The company, which was founded in 2006, is one of the leading players in the organized sports and casual footwear sector of India. It owns the popular Campus brand, a lifestyle-oriented sport and athleisure footwear business offering a diverse product portfolio. The company offers multiple choices across styles, colour palettes and price points, with one of the key attractions being the lightweight casual footwear for youth.
The Delhi-based firm has a network of over 15,000 multi-brand retail stores, company-owned exclusive outlets and e-commerce portals. The Campus brand accounts for around 17% of the country’s branded sports and athleisure footwear market.
Key Numbers
Campus Activewear generated a net total income of ₹7,341 crores in the year ended March 2021, compared to ₹5,967 crores in the previous year. Total comprehensive net income for the period was ₹612 crores, versus ₹386 crores in 2020.
The company engages third-party logistics providers to outsource the operation and leasing of its trade distribution warehouses. Potential losses and damages to the warehouses and inventory – due to natural calamity, fire, theft, pandemic etc. — could affect its ability to sever customers effectively.