{"id":11839,"date":"2022-08-26T11:29:03","date_gmt":"2022-08-26T05:59:03","guid":{"rendered":"https:\/\/blogs.univest.in\/?p=11839"},"modified":"2022-10-03T16:16:05","modified_gmt":"2022-10-03T10:46:05","slug":"campus-activewear-share-gains-20-after-posting-resilient-q1fy23-numbers","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/campus-activewear-share-gains-20-after-posting-resilient-q1fy23-numbers\/","title":{"rendered":"Campus Activewear share gains 20% after posting resilient Q1FY23 numbers"},"content":{"rendered":"<p>Campus is India\u2019s largest sports and athleisure footwear brand. According to value and volume, &#8220;Campus&#8221; is India&#8217;s top sports and athleisure brand in fiscal 2021. Campus was launched in 2005 as a lifestyle-focused sports and athleisure brand that provides a wide range of product options for the entire family. In India&#8217;s branded sports and athleisure footwear market, Campus had a value market share of over 15% in FY20; this figure rose to roughly 17% in FY21. Additionally, they are one of the very few well-known Indian brands in a market that is predominantly dominated by foreign companies. Campus Activewear was listed in May 2022 with the launch of their initial public offering (IPO) to collect Rs 1400 crore through the sale of equity shares with a face value of Rs 5 in a price range of Rs 272 to Rs 292.<\/p>\n<p>Campus Activewear announced their <a href=\"https:\/\/univest.in\/itc-q1fy23-result-reports-a-robust-growth-across-segments\/\">Q1FY23<\/a> numbers on 12<sup>th<\/sup> August, where they reported an exceptional performance with top &amp; bottom line growing in triple digits. Part of this growth can be associated to low base effect due to covid while other can be the increasing volume and growing market share.<\/p>\n<p>Even on the stock exchanges the Campus Active share price has gone significantly up from their IPO price as it is currently trading above 500. While in the last 4 trading sessions after the announcement of Q1FY23 number the Campus stock has gained almost 20%, highlighting optimism among investors. Let\u2019s now analyse their Q1FY23 results in greater detail to understand their true potential &amp; future prospects.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/campus-activewear-share-gains-20-after-posting-resilient-q1fy23-numbers\/#Key_Highlights_of_Campus_Activewear_Q1FY23_results\" title=\"Key Highlights of Campus Activewear Q1FY23 results\">Key Highlights of Campus Activewear Q1FY23 results<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/campus-activewear-share-gains-20-after-posting-resilient-q1fy23-numbers\/#Campus_Activewear_results_Q1FY23_Net_profit_increased_135X_times_with_revenue_growing_150_YoY\" title=\"Campus Activewear results Q1FY23: Net profit increased 13.5X times with revenue growing 150% YoY\">Campus Activewear results Q1FY23: Net profit increased 13.5X times with revenue growing 150% YoY<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/campus-activewear-share-gains-20-after-posting-resilient-q1fy23-numbers\/#Campus_Activewear_results_Q1FY23_Robust_EBITDA_Margin_with_ROCE_above_30_in_Q1FY23\" title=\"Campus Activewear results Q1FY23: Robust EBITDA Margin % with ROCE above 30% in Q1FY23\">Campus Activewear results Q1FY23: Robust EBITDA Margin % with ROCE above 30% in Q1FY23<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/campus-activewear-share-gains-20-after-posting-resilient-q1fy23-numbers\/#Technical_Analysis_of_Campus_Activewear_share_price\" title=\"Technical Analysis of Campus Activewear share price\">Technical Analysis of Campus Activewear share price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/campus-activewear-share-gains-20-after-posting-resilient-q1fy23-numbers\/#Our_view\" title=\"Our view\">Our view<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/campus-activewear-share-gains-20-after-posting-resilient-q1fy23-numbers\/#About_the_Author\" title=\"About the Author\">About the Author<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Highlights_of_Campus_Activewear_Q1FY23_results\"><\/span><strong>Key Highlights of Campus Activewear Q1FY23 results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Campus Activewear&#8217;s Revenue from operations surged 6% YoY to Rs 337.7 crore in the Q1FY23, while it fell 4% QoQ<\/li>\n<li>Consolidated net profit surged 1350% YoY to Rs 29 crore in Q1FY23, while it fell 27% QoQ<\/li>\n<li>PAT margin stood at 5% in Q1FY23 vs. 1.5% in Q1FY22<\/li>\n<li>Q1FY23 sales volume registered at 6 million pairs as against 2.3 million pairs in Q1FY22, thereby generating 141% YoY volume growth<\/li>\n<li>During the Q1FY23 both channels Trade Distribution and D2C exhibited similar YoY growth profile in at 150% YoY growth<\/li>\n<li>Q1FY23 aggregate ASP (Average selling Price) stood at Rs 597 per pair versus Rs 580 per pair in Q1FY22, thereby resulting in 3% YoY ASP<\/li>\n<li>EBITDA grew 287% YoY Rs 2 crores in Q1FY23 as compared to Rs 16 crores in Q1FY22<\/li>\n<li>EBITDA margin stood at 4% in Q1FY23 as compared to 11% in Q1FY22<\/li>\n<li>Campus Activewear outperforms in terms of profitability as well, with a ROCE of 5% in Q1FY23<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Campus_Activewear_results_Q1FY23_Net_profit_increased_135X_times_with_revenue_growing_150_YoY\"><\/span>Campus Activewear results Q1FY23: Net profit increased 13.5X times with revenue growing 150% YoY<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><a href=\"https:\/\/wap.business-standard.com\/article\/news-cm\/campus-activewear-reports-strong-q1-numbers-122081300416_1.html\" rel=\"nofollow noopener\" target=\"_blank\">Campus Activewear<\/a>&#8216;s consolidated net profit surged 1350% YoY to Rs 29 crore in Q1FY23 from Rs 2 crore posed in Q1FY22. While Revenue from operations surged 149.6% YoY to Rs 337.7 crore in the Q1FY23 as against Rs 135.3 crore in the Q1FY22. PAT margin stood at 8.5% in Q1FY23 vs. 1.5% in Q1FY22.<\/p>\n<p>On a sequential basis revenue declined to Rs 338 crores in Q1FY23, from Rs 352 crores in Q4FY22 resulting in 27% QoQ decline in PAT to Rs 29 crores from Rs 40 crores in Q4FY22.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-11842 size-full\" src=\"https:\/\/univest.in\/wp-content\/uploads\/2022\/08\/CA1.png\" alt=\"campus activewear share\" width=\"940\" height=\"480\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/08\/CA1.png 940w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/08\/CA1-300x153.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/08\/CA1-768x392.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/p>\n<p>Q1FY23 sales volume registered at 5.6 million pairs as against 2.3 million pairs in Q1FY22, thereby generating 141% YoY volume growth. During Q1FY23 both channels viz. Trade Distribution and D2C exhibited similar YoY growth profile in at 150% YoY growth.<\/p>\n<p>Q1FY23 aggregate ASP (Average Selling Price) stood at Rs 597 per pair versus Rs 580 per pair in Q1FY22, thereby resulting in 3% YoY ASP growth.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-11843 size-full\" src=\"https:\/\/univest.in\/wp-content\/uploads\/2022\/08\/CA2.png\" alt=\"campus activewear share\" width=\"940\" height=\"484\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/08\/CA2.png 940w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/08\/CA2-300x154.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/08\/CA2-768x395.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/p>\n<p>Commenting on the results and performance, Campus Activewear&#8217;s CEO, Mr. Nikhil Aggarwal said, &#8220;Campus Activewear began its FY23 journey on a positive note by delivering healthy operational performance during Q1FY23. This performance was largely supported by robust product portfolio of fashion forward designs, best product value proposition and never-out-of-stock approach. The Company&#8217;s strong brand recall amongst preferred sports and athleisure footwear brand positions us uniquely to garner a wider share of the market.&#8221;<\/p>\n<p style=\"text-align: right;\"><em>You may also like:<a href=\"https:\/\/univest.in\/strong-volume-growth-doubles-varun-beverages-ltd-revenues-in-q2cy22\/\"> Varun Beverages Ltd revenues in Q2CY22 results<\/a><\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Campus_Activewear_results_Q1FY23_Robust_EBITDA_Margin_with_ROCE_above_30_in_Q1FY23\"><\/span>Campus Activewear results Q1FY23: Robust EBITDA Margin % with ROCE above 30% in Q1FY23<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>EBITDA grew 287% YoY to Rs 62.2 crores in Q1FY23 as compared to Rs 16 crores in Q1FY22. EBITDA margin stood at 18.4% in Q1FY23 as compared to 11% in Q1FY22. While on a sequential basis both EBITDA &amp; EBITDA Margin fell from Rs 78 crores and 22% in Q4FY22 to Rs 62 crores and 18% respectively in Q1FY23.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-11844 size-full\" src=\"https:\/\/univest.in\/wp-content\/uploads\/2022\/08\/CA3.png\" alt=\"campus activewear share\" width=\"940\" height=\"484\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/08\/CA3.png 940w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/08\/CA3-300x154.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/08\/CA3-768x395.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/p>\n<p>Campus Activewear outperforms in terms of profitability as well, with a ROCE of 37.5% in Q1FY23. Campus Activewear emerged as one of the strongest long-term investment options, with ROCE exceeding 20% in the last five quarters. Footwear is expected to be one of the fastest-growing retail segments in India. The Indian S&amp;A and Casual Footwear Market is anticipated to be worth INR 882 billion (US$11.7 billion) by FY25P. As a result, the campus&#8217;s future potential is enhanced.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-11845 size-full\" src=\"https:\/\/univest.in\/wp-content\/uploads\/2022\/08\/CA4.png\" alt=\"campus activewear share\" width=\"940\" height=\"481\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/08\/CA4.png 940w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/08\/CA4-300x154.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/08\/CA4-768x393.png 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Technical_Analysis_of_Campus_Activewear_share_price\"><\/span>Technical Analysis of Campus Activewear share price<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Campus Activewear is currently trading close to their all time high with the announcement of their Q1FY23 results. The Campus Activewear share gained almost 20% in last 4 trading sessions with increasing volumes. The Campus stock reached lowest share price of Rs 297 in mid-June, which was still above their issue price. It has delivered a return of 71% till now post listing, which is itself commendable.<\/p>\n<p>Campus Activewear stands out as an excellent source of investment for both short- and long-term investors because it is one of the largest domestic businesses in India&#8217;s footwear industry with a significant market share. As a result, current investors can hold onto their investments and anticipate further gains, while new investors with a medium- to long-term outlook can also take advantage of the opportunity.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-11846 size-full\" src=\"https:\/\/univest.in\/wp-content\/uploads\/2022\/08\/CA5.png\" alt=\"campus activewear share\" width=\"944\" height=\"392\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/08\/CA5.png 944w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/08\/CA5-300x125.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/08\/CA5-768x319.png 768w\" sizes=\"(max-width: 944px) 100vw, 944px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Our_view\"><\/span>Our view<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>India&#8217;s per-capita consumption of footwear is far lower than that of countries like the United States, the United Kingdom, Japan, Germany, Brazil, and China. Rising disposable income and an increase in health-conscious people would drive this sector. As a result, it presents a tremendous growth opportunity given the under-penetration of the Indian S&amp;A (sports and athleisure) market as a whole. Currently India is where China was in 2005, which has grown ~15x since then from ~US$3bn to US$48bn<\/p>\n<p>Campus Activewear has a sound business model that allows the company to capitalise on the expanding Indian sports and athleisure footwear market. Campus Activewear has a broad and diverse product portfolio across the price spectrum as well as the largest market coverage focused on 85%+ of the S&amp;A Footwear Market.<\/p>\n<p>With a strong showing in Q1FY23 , delivery of above average returns since listing and technical charts indicating a further upward movement, Campus Activewear is one stock that investors can expect above average returns in the medium to long term.<\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"About_the_Author\"><\/span>About the Author<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Ketan Sonalkar (SEBI Rgn No INA000011255)<\/p>\n<p>Ketan Sonalkar is a certified SEBI registered investment advisor and head of research at <a href=\"https:\/\/univest.in\/\">Univest<\/a>. He is one of the finest financial trainers, with a track record of having trained more than 2000 people in offline and online models. He serves as a consultant advisor to leading fintech and financial data firms. He has over 15 years of working experience in the finance field. He runs Advisory Services for Direct Equities and Personal Finance Transformation.<\/p>\n<p><em>Note \u2013 This channel is for educational and training purpose only &amp; any stock mentioned here should not be taken as a tip\/recommendation\/advice<\/em><\/p>\n<p><em>You may also like: <strong><a href=\"https:\/\/univest.in\/dabur-india-ltd-results-new-products-add-to-q1fy23-profits-in-an-inflationary-environment\/\">Dabur India Ltd Results<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Campus is India\u2019s largest sports and athleisure footwear brand. According to value and volume, &#8220;Campus&#8221; is India&#8217;s top sports and athleisure brand in fiscal 2021. Campus was launched in 2005 as a lifestyle-focused sports and athleisure brand that provides a wide range of product options for the entire family. In India&#8217;s branded sports and athleisure<\/p>\n","protected":false},"author":10,"featured_media":26908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[426,428,430,427,431,429],"class_list":["post-11839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-campus-activewear","tag-campus-activewear-pvt-ltd","tag-campus-activewear-results","tag-campus-activewear-share","tag-campus-activewear-stock","tag-campus-activewear-website"],"metadata":{"_schema_ref":["11166"],"_edit_lock":["1664793866:8"],"_edit_last":["8"],"_nectar_gallery_slider":["off"],"_nectar_quote_author":[""],"_nectar_quote":[""],"_nectar_link":[""],"_nectar_video_m4v":[""],"_nectar_video_ogv":[""],"_nectar_video_poster":[""],"_nectar_video_embed":[""],"_nectar_audio_mp3":[""],"_nectar_audio_ogg":[""],"_post_item_masonry_sizing":["regular"],"_nectar_header_bg":[""],"_nectar_header_parallax":["off"],"_nectar_header_bg_height":[""],"_nectar_page_header_bg_alignment":["top"],"_nectar_header_bg_color":[""],"_nectar_header_font_color":[""],"_wpb_vc_js_status":["false"],"_yoast_wpseo_content_score":["30"],"_yoast_wpseo_estimated-reading-time-minutes":["7"],"nectar_blog_post_view_count":["328"],"_yoast_wpseo_focuskw":["Campus Activewear share"],"_yoast_wpseo_title":["Campus Activewear share gains 20% after posting resilient Q1FY23"],"_yoast_wpseo_metadesc":["Campus Activewear's consolidated net profit surged 1350% YoY to Rs 29 crore in Q1FY23 from Rs 2 crore posed in Q1FY22."],"_yoast_wpseo_linkdex":["65"],"_yoast_wpseo_primary_category":["24"],"_thumbnail_id":["26908"],"_schema_json":["a:13:{s:8:\"@context\";s:19:\"https:\/\/schema.org\/\";s:5:\"@type\";s:11:\"BlogPosting\";s:16:\"mainEntityOfPage\";a:2:{s:5:\"@type\";s:7:\"WebPage\";s:3:\"@id\";s:91:\"https:\/\/univest.in\/campus-activewear-share-gains-20-after-posting-resilient-q1fy23-numbers\/\";}s:3:\"url\";s:91:\"https:\/\/univest.in\/campus-activewear-share-gains-20-after-posting-resilient-q1fy23-numbers\/\";s:8:\"headline\";s:72:\"Campus Activewear share gains 20% after posting resilient Q1FY23 numbers\";s:13:\"datePublished\";s:25:\"2022-08-26T11:29:03+05:30\";s:12:\"dateModified\";s:25:\"2022-08-26T13:31:05+05:30\";s:9:\"publisher\";a:4:{s:5:\"@type\";s:12:\"Organization\";s:3:\"@id\";s:32:\"https:\/\/univest.in\/#organization\";s:4:\"name\";s:7:\"Univest\";s:4:\"logo\";a:4:{s:5:\"@type\";s:11:\"ImageObject\";s:3:\"url\";s:62:\"https:\/\/univest.in\/wp-content\/uploads\/2022\/06\/Univest-Logo.png\";s:5:\"width\";i:600;s:6:\"height\";i:60;}}s:5:\"image\";a:4:{s:5:\"@type\";s:11:\"ImageObject\";s:3:\"url\";s:68:\"https:\/\/univest.in\/wp-content\/uploads\/2022\/08\/Untitled-design-86.jpg\";s:5:\"width\";i:1280;s:6:\"height\";i:720;}s:14:\"articleSection\";s:6:\"Market\";s:8:\"keywords\";s:148:\"campus activewear, campus activewear pvt ltd, campus activewear results, campus activewear share, campus activewear stock, campus activewear website\";s:11:\"description\";s:312:\"Campus is India\u2019s largest sports and athleisure footwear brand. According to value and volume, \"Campus\" is India's top sports and athleisure brand in fiscal 2021. Campus was launched in 2005 as a lifestyle-focused sports and athleisure brand that provides a wide range of product options for the entire family.\";s:6:\"author\";a:4:{s:5:\"@type\";s:6:\"Person\";s:4:\"name\";s:10:\"Sonam Negi\";s:3:\"url\";s:37:\"https:\/\/univest.in\/author\/sonam-negi\/\";s:5:\"image\";a:4:{s:5:\"@type\";s:11:\"ImageObject\";s:3:\"url\";s:81:\"https:\/\/secure.gravatar.com\/avatar\/845bc2a0115cd624328a1c2e67010285?s=96&d=mm&r=g\";s:6:\"height\";i:96;s:5:\"width\";i:96;}}}"],"_schema_json_timestamp":["1661867960"],"_yoast_wpseo_wordproof_timestamp":[""],"rank_math_primary_category":["24"],"rank_math_title":["Campus Activewear share gains 20% after posting resilient Q1FY23"],"rank_math_description":["Campus Activewear's consolidated net profit surged 1350% YoY to Rs 29 crore in Q1FY23 from Rs 2 crore posed in Q1FY22."],"rank_math_focus_keyword":["Campus Activewear 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