Campus Activewear – betting on the India Consumption Theme

I’m not an expert in understanding business but what I have understood from the concall is

• This was the worst quarter, now all next quarters will be better than this.
• Management is not bullish for the next quarters but we might see normal growth.
• Some impact was due to the festive season being shifted to the next quarter.
• Feel free to add if anything is missing or incorrect.

Something does not feel right as other footwear companies posted some positive results with some percentage of decline and not ~99% decline or ~0 profit.

Currently, the stock is at a PE of 76.7 & PB of 13.3, I don’t think it deserves this valuation for negligible growth.

Disc: Exited my entire holding on Friday, might take re-entry if it crashes a lot.

Note: This is not a buy/sell recommendation.