NSE: GOCOLORS | BSE: 543401

Falling Comet

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664.15 -9.80 (-1.45%)

High vol. this week

NSE 17 Oct, 2025 3:31 PM (IST)

3,587

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.

Go Fashion (India) Ltd.

25 Jul 2024

664.15

-1.45%

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 unpledged 0.44% of shares in last quarter. Total pledge stands at 19.95% of promoter holdings

Go Fashion (India) Ltd.

12 Jul 2024

664.15

-1.45%

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.

Number of FII/FPI investors decreased from 106 to 97 in Sep 2025 qtr

Go Fashion (India) Ltd.

04 May 2024

664.15

-1.45%

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.

Number of FII/FPI investors decreased from 106 to 97 in Sep 2025 qtr

Go Fashion (India) Ltd.

01 Nov 2023

664.15

-1.45%

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 -26.40% in the last 3 Months

Go Fashion (India) Ltd.

06 May 2023

664.15

-1.45%

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 1040.25 from 4 brokers.

Go Fashion (India) Ltd.

27 Jan 2023

664.15

-1.45%

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. average weekly volume is high.

Go Fashion (India) Ltd.

07 Nov 2022

664.15

-1.45%

Revenue up, working capital improves. Lower margins in short term

Buy: Go Fashion (India) Ltd.

Target

ICICI Securities Limited

2QFY23 revenue print of Rs1.66bn (up 48% QoQ) was good. Higher EOSS sequentially (GM dilutive) and sharp increase in other opex (mainly ad-spends) led to (reported) EBITDA margin print of 29.8%.

Go Fashion (India) Ltd. is trading below all available SMAs

Go Fashion (India) Ltd.

11 Aug 2022

664.15

-1.45%

Great quarter, Decent internals, Good investments

Buy: Go Fashion (India) Ltd.

Target

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.

Go Fashion (India) Ltd. has lost -26.40% in the last 3 Months

Go Fashion (India) Ltd.

10 May 2022

664.15

-1.45%

On the right track – the repeatability ‘template’ is intact

Buy: Go Fashion (India) Ltd.

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 1040.25 from 4 brokers.

Go Fashion (India) Ltd.

16 Nov 2021

664.15

-1.45%

Go Fashion (India) Limited (Go Colors) - IPO Note - 16112021

IPO Note: Go Fashion (India) Ltd.

HDFC Securities

Issue Open: Nov 17 Nov 22 2021 Price Band: Rs. 655 690 *Issue Size: Rs 1014.0 cr (Fresh issue of Rs 125 cr+ offer for sale of 12,878,389 eq sh) Reservation for: QIB atleast 75% eq sh Non Institutional Upto 15% eq sh Retail Upto 10% eq sh Go Fashion (India) Limited (Go Colors) - IPO Note

Number of FII/FPI investors decreased from 106 to 97 in Sep 2025 qtr

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

38 Votes:

Buy 76.32%

Sell 13.16%

Hold 10.53%

RESEARCH REPORTS

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Buy SEE REPORTS >

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