Campus Activewear Appoints Rakesh Thakur as New CFO

Campus Activewear has appointed Rakesh Thakur as its new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). This strategic move aims to strengthen the company’s financial governance and support its ambitious profitable growth plans within the dynamic Indian sports and athleisure footwear market.

Thakur brings extensive leadership experience, spanning nearly 23 years across prominent consumer organizations. His role will focus on crucial financial areas, working closely with the leadership team and Board.

Thakur’s Mandate and Background

• Enhance financial efficiency and optimize capital allocation.
• Improve cash generation and boost profit margins.
• Strengthen overall governance frameworks.
• Previous roles at boAt, Hindustan Unilever, GSK Consumer Healthcare, Samsung India, and PepsiCo India.

Prior to Campus Activewear, Thakur served as Group CFO at Imagine Marketing, the parent company of boAt. There, he was instrumental in driving significant operational improvements.

• Led profitable growth initiatives.
• Improved EBITDA and managed cash flow effectively.
• Reduced debt and reinforced governance structures.

Key Financial Highlights: Q1 FY27

Thakur joins Campus Activewear during a period of robust financial performance, as evidenced by its first-quarter results for FY27.

• Revenue reached ₹385.2 crore, marking a 12.2% increase year-on-year.
• Sales volumes rose by 11.7%, totaling 57.1 million pairs.
• Profit After Tax (PAT) grew by 17.7% year-on-year to ₹26.1 crore.
• Growth was broad-based, with significant contributions from women’s and kids’ categories.

Nikhil Aggarwal, CEO of Campus Activewear, expressed confidence that Thakur’s experience will be pivotal. He expects a fortified financial structure, improved capital efficiency, and more precise decision-making as the company scales.

Thakur affirmed his commitment to accelerating sustainable growth in both revenue and margins. He also emphasized enhancing financial discipline, capital efficiency, and scalable processes across the organization.

Campus Activewear’s Market Footprint

Established in 2005, Campus Activewear boasts a significant presence in the Indian market. Its operational scale supports its growth ambitions.

• Operates seven manufacturing facilities.
• Annual assembly capacity of 30.7 million pairs as of June 30, 2026.
• Extensive distribution network with over 260 distributors.
• Serves more than 31,000 retailers across 850+ districts in India.
• Over 305 exclusive brand outlets.
• Robust online presence across major e-commerce platforms, with online revenue growing at a CAGR of over 34% between FY2021 and March 2026.

Thakur’s appointment signals Campus Activewear’s commitment to leveraging seasoned financial leadership to navigate its expansion. This move is poised to solidify its operational efficiencies and capitalize on the growing athleisure market.