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Indian footwear giants' Q3 FY24 revenue rises amid profit challenges

Campus Activewear reported a slight increase in revenue, reaching &#****;***.** crore in December ****, up from &#****;***.** crore in December ****. However, the company saw a notable decrease in profitability, with profit before tax (PBT) dropping to &#****;**.** crore from &#****;**.** crore, and net profit halving to &#****;**.** crore from &#****;**.** crore year-on-year (YoY). Earnings per share (EPS) also decreased from &#****;*.** to &#****;*.**. The operating profit margin (OPM) and net profit margin (NPM) declined to **.** per cent and *.** per cent, respectively, compared to **.** per cent and **.** per cent in the previous year.

Bata India experienced marginal revenue growth, with revenue rising to &#****;***.** crore in December **** from &#****;***.** crore in December ****. Total income increased slightly to &#****;***.** crore. However, like Campus Activewear, Bata India witnessed a decline in profitability metrics; PBT fell to &#****;**.** crore from &#****;***.** crore, and net profit decreased to &#****;**.** crore from &#****;**.** crore YoY. EPS dropped from &#****;*.** to &#****;*.**, with OPM and NPM percentages moving to **.** per cent and *.** per cent from **.** per cent and *.** per cent, respectively.