Campus Activewear appoints former boAt finance chief Rakesh Thakur as CFO

Campus Activewear has named Rakesh Thakur, formerly CFO at boAt Group, as CFO and Key Managerial Personnel. The omnichannel footwear company reported Q1 FY27 revenue of Rs 385.2 crore, up 12.2% year on year, with PAT rising 17.7% to Rs 26.1 crore.

— Source published Fri, 21 Aug, 2026, 14:58 IST · First seen Fri, 21 Aug, 2026, 15:01 IST · Source IMAGES Business of Fashion

What happened

Campus Activewear appointed former boAt Group CFO Rakesh Thakur as CFO. The Indian omnichannel footwear brand reported Q1 FY27 revenue of Rs 385.2 crore, up

Key facts

  • Rakesh Thakur appointed CFO and Key Managerial Personnel
  • Close to 23 years of experience
  • Q1 FY27 revenue: Rs 385.2 crore, up 12.2% YoY
  • Sales volumes: 57.1 million pairs, up 11.7% YoY
  • PAT: Rs 26.1 crore, up 17.7% YoY

Why this matters

Rakesh Thakur’s boAt experience could strengthen Campus Activewear’s capital allocation, planning and potential partnership or expansion readiness as its omnichannel footwear platform grows.

What to watch

  • Quarterly inventory growth relative to revenue growth and any changes in inventory days.
  • Operating cash flow, free-cash-flow conversion and working-capital movement.
  • Gross-margin and EBITDA-margin trajectory despite promotional intensity.
  • Store additions, ecommerce mix, marketplace performance and exclusive-brand-outlet productivity.
  • Management commentary on premiumization, new categories, exports, acquisitions or debt-funded expansion.
  • Any revision to FY27 growth, margin, capex or marketing-spend guidance.
  • Introduce tighter inventory, receivables and channel-credit targets in upcoming earnings commentary.
  • Review product and SKU profitability, potentially increasing emphasis on premium, sports-inspired and higher-margin footwear lines.
  • Reallocate marketing spending toward measurable digital, marketplace and omnichannel conversion outcomes.
  • Evaluate selective store expansion, franchise partnerships or distribution investments using stricter return-on-capital metrics.
  • Strengthen investor communication around cash conversion, gross margin, EBITDA margin and capital-allocation priorities.