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Go Fashion (India) Ltd.
11 Aug 2022, 12:00AM
675.75
-0.20%
ICICI Securities Limited
We like the increased ad-spends in the quarter (4.9% of sales vs typical 2%) – these are good spends and we expect (good) brands to increase it in the near-term given most have under-invested for last two years; that said, only limited ones have the required headroom given the inflationary pressure.
Promoters unpledged 0.96% of shares in last quarter. Total pledge stands at 20.39% of promoter holdings
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