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CAMPUS Campus Activewear News Story

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India's Campus Activewear falls on Q1 profit drop

** Footwear retailer Campus Activewear CAMU.NS falls 2.18% to 255 rupees

** Co's profit after tax drops 12.6% y/y, weighed by higher depreciation expenses from capacity expansion

** Revenue rises 1.2%, as sales volumes drop 11.6% but average selling price rises 14.5% y/y

** Consolidation of 3 warehouses into one led to loss of 15-20 selling days in online channels, resulting in volume decline

** CAMU falls ~21% YTD

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))

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