Apparels & Accessories company Go Fashion (India) announced Q3FY25 results Total Revenue: Rs 214.7 crore, up 6% YoY (from Rs 202.1 crore in Q3FY24) Gross Profit: Rs 137.7 crore, up 11% YoY (from Rs 124.3 crore in Q3FY24) Gross Profit Margin: 64.1%, up from 61.5% in Q3FY24 EBITDA: Rs 69.8 crore, up 3% YoY (from Rs 67.5 crore in Q3FY24) EBITDA Margin: 32.5%, down from 33.4% in Q3FY24 Profit Before Tax (PBT): Rs 32.3 crore, no change YoY (same as Q3FY24) Profit After Tax (PAT): Rs 24.3 crore, up 4% YoY (from Rs 23.4 crore in Q3FY24) PAT Margin: 11.3%, down from 11.6% in Q3FY24 Gautam Saraogi, CEO, Go Fashion (India), said: “We at Go Colors continue to out-perform expectations and despite the soft demand environment we have continued to maintain our growth trajectory. Revenue from operations during 9MFY25 grew by 11% to Rs 643 crore, and EBITDA grew by 9% to Rs 206 crore. Even though SSSG has remained flattish we have maintained an EBITDA Margin of 32%. As of December, our Average Selling Price (ASP) stood at Rs 769, driven by a favorable shift in our product mix. Over the years, we have seen a significant transformation in our mix from our earlier reliance on leggings and churidars. This shift underscores the strong market acceptance of our value-added products and reflects our evolution into a comprehensive bottom-wear brand, capable of catering to diverse customer needs across all categories. Given our diverse portfolio and large amount of SKU’s, we still continue to maintain inventory levels at 99 days as of December 2024. For the full year FY25, we anticipate inventory days to stabilize within the range of 90–95 days, ensuring operational efficiency and healthy working capital management and high operating cash flows. Our strong focus on inventory and working capital efficiency will help us achieve our target of converting more than 50% of our EBITDA into operating cashflows. We are on track to achieve the same for FY25. In 9MFY25, we added a net of 61 new stores, bringing our total store count to 775 stores. For the full year FY25 we plan to do a total of 80-90 net additions. Going forward we plan to add between ~120 - 150 stores per year. We look forward to continuing our innovative and creative approach and launch more designs while providing more brand destinations for our consumers which will help us grow and gain market share in the coming years.” Result PDF
Conference Call with Go Fashion (India) Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.