NSE: GOCOLORS | BSE: 543401

Expensive Underperformer

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740.45 2.65 (0.36%)

47.40% Fall from 52W High

72,419 NSE+BSE Volume

NSE 22 Apr, 2025 3:31 PM (IST)

3,999.1

Market Cap

High in industry

0.6

Beta 1Year

Very Low volatility

Go Fashion (India) Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for GOCOLORS, BSE:543401 Go Fashion (India) Ltd.

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Go Fashion (India) Ltd.

27 Jan 2025

740.45

0.36%

Steady growth, better margins amid tough retail market; retaining a Buy

Buy: Go Fashion (India) Ltd.

Target

Anand Rathi

Go Fashion’s standalone Q3 6.2/3.3/3.9% y/y growth in sales/EBITDA/ PAT was anaemic but decent in the context of the weak demand situation. SSSG/SCSG was flat/4.8%. The gross margin rose 264bps y/y to 64.1%, led largely by low-cost inventory (but also by the favourable product mix and higher EBO sales).

Go Fashion (India) Ltd. has lost -36.36% in the last 1 Year

Go Fashion (India) Ltd.

27 Oct 2024

740.45

0.36%

Good growth, better margin in tough retail environment; retaining a Buy

Buy: Go Fashion (India) Ltd.

Target

Anand Rathi

Despite the challenging retail environment Go Fashion’s Q2 revenue grew 10.4% y/y, in line with ARe, led by 0.5% SSSG.

Go Fashion (India) Ltd. is trading above its 30 day SMA of 702.8

Go Fashion (India) Ltd.

17 Sep 2024

740.45

0.36%

SSG revival and improved cash flows to drive re-rating; reiterate BUY

Buy: Go Fashion (India) Ltd.

Target

Emkay

We hosted GOCOLORS (GO) for an Asia roadshow. GO remains confident of delivering medium-term revenue CAGR of >20%, with SSG recovery also helping EBITDA margin get back to the 20-21% range.

Go Fashion (India) Ltd. has lost -38.77% in the last 6 Months

Go Fashion (India) Ltd.

25 Jul 2024

740.45

0.36%

Green shoots emerging; execution steadily on track

Buy: Go Fashion (India) Ltd.

Target

ICICI Securities Limited

Go Fashion continues to report double-digit revenue growth (16% YoY in Q1FY25), primarily driven by retail area expansion (12% YoY EBO stores) while SSSG remains muted.

Go Fashion (India) L.. has an average target of 1398.33 from 3 brokers.

Go Fashion (India) Ltd.

25 Jul 2024

740.45

0.36%

In-line results, effective inventory management; maintaining a Buy

Buy: Go Fashion (India) Ltd.

Anand Rathi

Go Fashion’s Q1 revenue came in line with our estimates but the EBITDA margin was ~80bps lower than ARe at 32.8%, on the 0.2% y/y SSSG as sluggish demand was further hurt by the elections and searing heat.

Promoters pledged 3.97% of shares in last quarter. Total pledge stands at 21.35% of promoter holdings

Go Fashion (India) Ltd.

12 Jul 2024

740.45

0.36%

SSG Turnaround in sight; other concerns exaggerated; BUY

Buy: Go Fashion (India) Ltd.

Target

Emkay

We visited multiple Go Colors (GO) stores across Mumbai to validate our thesis
around the bottom-wear category and its TAM. Our conviction on category
relevance got strengthened when we saw customers walking in with their tops
to find their perfect color match.

Go Fashion (India) Ltd. is trading below its 50 day SMA of 751.5

Go Fashion (India) Ltd.

04 May 2024

740.45

0.36%

Weak trends, but outperformance endures; maintain BUY

Buy: Go Fashion (India) Ltd.

Emkay

GO’s Q4 print was weak, albeit results were largely in line and outperformance
(vs. peers) continued with 15% topline growth.

Go Fashion (India) Ltd. is trading below its 50 day SMA of 751.5

Go Fashion (India) Ltd.

01 Nov 2023

740.45

0.36%

Navigating short-term demand issues

Buy: Go Fashion (India) Ltd.

ICICI Securities Limited

Go Fashion reported revenue growth of 15% YoY driven by continued EBOs expansion (+19% YoY), while SSSG declined by 1% YoY (same-store volume declined by 6%) due to subdued consumer demand environment and seasonality shift. However, ~6% increase in average selling price is reflective of continued improvement in revenue mix (premiumisation from value-added products).

Go Fashion (India) Ltd. has lost -38.77% in the last 6 Months

Go Fashion (India) Ltd.

06 May 2023

740.45

0.36%

EBOs scaling up well. LFS faces one-off challenges

Buy: Go Fashion (India) Ltd.

Target

ICICI Securities Limited

In EBO channel (~74% revenue saliency) we liked the strong value (at 38%), volume (at 25%) and SSSG (at 17%: including 6% price hike, 5% volume and 6% from NPDs) led revenue performance. 10% increase in average selling price is reflective of improvement in revenue mix (from value-added products).

Go Fashion (India) L.. has an average target of 1398.33 from 3 brokers.

Go Fashion (India) Ltd.

27 Jan 2023

740.45

0.36%

Realising the benefits of upselling

Buy: Go Fashion (India) Ltd.

Target

ICICI Securities Limited

We like the high double-digit SSSG (both YoY and vs. pre-covid quarters) in EBO stores (73% saliency) in Q3FY23 while LFS maintained high-growth momentum. This was driven by premiumisation benefits (through category extensions, higher ASP) given that there was no price hike.

Go Fashion (India) Ltd. is trading above its 30 day SMA of 702.8

VOTE: Is Go Fashion (India) Ltd. worth buying?

30 Votes:

Buy 76.67%

Sell 10.0%

Hold 13.33%

RESEARCH REPORTS

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Buy SEE REPORTS >

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