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
Apparels & Accessories company Go Fashion (India) announced Q4FY25 results Q4FY25 Financial Highlights: Total Revenue: Rs 204.8 crore compared to Rs 181.7 crore during Q4FY24, change 13%. EBITDA: Rs 62.4 crore compared to Rs 53.9 crore during Q4FY24, change 16%. EBITDA margin: 30.5% for Q4FY25. Profit before Tax : Rs 25.4 crore compared to Rs 17.2 crore during Q4FY24, change 48%. Profit after Tax : Rs 19.9 crore compared to Rs 13.1 crore during Q4FY24, change 52%. PAT margin: 9.71% for Q4FY25. Gautam Saraogi, CEO, Go Fashion (India), said: “At Go Colors, we continue to deliver robust financial performance despite a challenging demand environment. During Q4FY25, Revenues grew by 13% YoY to Rs 205 crore. EBITDA stood at Rs 62 crore, a growth of 16% YoY. Q4FY25 witnessed a recovery in SSSG which stood at 2.1% for Q4FY25. This performance is inline with our efforts on improving business efficiency and implementing strong cost control measures. Over the years we have evolved from a leggings and churidar focused brand into a comprehensive bottom wear player. This transformation is reflected in the growth of our average selling price which stood at Rs 769 mainly driven by a shift in our product mix. We have maintained a strong full-price sales of 95.4%, highlighting both the strength of our pricing strategy and the continued acceptance of our products in the market. Our disciplined inventory management has resulted in a maintaining our inventory days at 102 days. We believe there is room to optimize this further by a few more days, which will contribute to a stronger balance sheet and support long-term, sustainable growth. We have successfully converted over 50% of EBITDA into operating cash flow. Looking ahead, we intend to sustain this as a core financial discipline, supported by robust inventory management. In FY25, we added a net total of 62 new stores, bringing our total store count to 776. Some store openings originally scheduled for Q4FY25 were delayed due to store readiness issues and have opened in Q1FY26. During the last year, we were focused on rationalizing our store portfolio, and all our store closures have been completed. With these closures done, we aspire to do a net addition of ~120 stores annually. Our ongoing investments in technology and product innovation continue to keep us ahead of industry trends. As the broader industry begins to recover, we are well-positioned to deliver stronger performance in the years to come.” Result PDF
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.