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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