Q4 margin show and recovery hopes drive gains in Campus Activewear

From its lows over the past month, the stock of footwear major Campus Activewear gained 13 per cent to Rs 280.4 a share.

The gains came on the back of better than expected operating profit margins in Q4, reduction of debt and expectations of market share improvement.

The company expects volume growth, which has thus far missed expectations, to recover going ahead on the back of multiple triggers.

The company’s revenue performance was broadly in line with a 4.6 per cent growth in revenues, brought on by a 4 per cent improvement in volumes and a marginal gain in realisations.