Leather · CAMPUS
Footwear
from 222 today
We recommend Buy on Campus with a price target of Rs.277, driven by changing footwear industry dynamics in India, premiumisation of the product portfolio, rising share of the D2C model, and discount valuations.
Campus Activewear reported a slightly weaker 1Q with revenue growing 12% YoY, coming in below expectations due to one-off factors. Management is confident of delivering mid-teen revenue growth, and we reiterate BUY with a revised target price of INR310.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
