MOFSL backs Arvind Fashions, Campus Activewear with 33-40% upside on D2C and premiumisation bets
Motilal Oswal issues Buy ratings on Arvind Fashions (target Rs 620, 33% upside) citing the D2C-led Arvind 3.0 strategy and USPA traction, and on Campus Activewear (target Rs 325, 40% upside) on ASP growth, premiumisation and expansion into sneakers, women's and kids categories. Brokerage models 13% revenue CAGR and 155bp Ebitda margin expansion over FY26-28.
MOFSL issues Buy ratings on Arvind Fashions (Rs 620, 33% upside) citing D2C-led Arvind 3.0 strategy and USPA traction, and Campus Activewear (Rs 325, 40% upside) on premiumisation, ASP growth and category expansion into sneakers, women's and kids.