ICICI Securities Limited
We liked the intent to (1) drive investments (on tech., A&P (maybe a slight increase), building another (small) warehouse to drive efficiencies) and not be complacent, (2) comfort on margins (price increases taken), (3) continued thrust on EBO store addition (intent is to add 120-130 stores each year going forward), and (4) active (RM) inventory management given the challenges.
Go Fashion (India) L.. has an average target of 1100.00 from 4 brokers.
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