Apparels & Accessories company Go Fashion (India) announced Q1FY26 results Total Revenue: Rs 222.8 crore compared to Rs 220.1 crore during Q1FY25, change 1%. Gross Profit: Rs 140.3 crore compared to Rs 136.0 crore during Q1FY25, change 3%. EBITDA: Rs 68.7 crore compared to Rs 72.1 crore during Q1FY25, change -5%. EBITDA Margin: 30.8% for Q1FY26. PAT: Rs 22.3 crore compared to Rs 28.7 crore during Q1FY25, change -22%. Gautam Saraogi, CEO, Go Fashion (India), said: “In Q1FY26, we reported revenues of Rs 223 crore, broadly stable on a YoY basis. The quarter witnessed some temporary headwinds in our LFS channel at a few key partner stores and supply chain disruptions arising from the Bangladesh route blockade. Despite this, we are encouraged by a strong recovery in the latter part of the quarter, particularly during the EOSS, which reflects improving consumer traction across our retail network. We continue to see improvement in our gross margins which stood at 63% driven by further easing of raw material costs and a favorable product mix. Our Average Selling Price (ASP) stood at Rs 805 as of June 2025, driven by a continued shift toward value-added products. This transformation of a more premium offering highlights our evolution into a comprehensive bottom-wear brand, with increasing relevance across multiple product categories. We at Go Colors remain firmly committed to strong unit economics and maintaining a healthy balance sheet. We continued to deliver best-in-class unit economics, reflected in a full-price sell-through of 97%. Our inventory days stood at 98 days, which we look to optimize further. In Q1FY26, we added a net total of 27 new stores, taking our total store count to 803 stores. We remain on track to achieve our target of ~120 net store additions for the full year. In line with our long-term growth strategy, we plan to pilot new categories—including women’s top wear and select men’s wear across 15–20 existing stores in the coming months. Our recently launched first store in Dubai has received an encouraging response and is witnessing strong initial traction. We remain confident in the strength of India’s consumption story and expect to see a revival in demand in the upcoming quarters. As the environment improves, we are well-positioned to capitalize on the recovery through our strong brand, disciplined execution, and expanding footprint going forward.“ Result PDF