Go Fashion (India) Ltd Share Price – NSE /  BSE

Textiles, Small Cap

Go Colors, the women's bottomwear brand from Go Fashion (India), has opened its first ever international store in Dubai, marking its debut outside India. The new store is located in Silicon Central Mall and brings the brand's wide range of everyday and occasion-based bottomwear to a new, global audience.

Founded in India, Go Colors has built a strong presence across the country with a wide network of over 750 exclusive brand stores across India. The brand offers more than 50 bottomwear silhouettes in an extensive palette of colors, with inclusive sizing options designed to cater to womenandgirls across different age groups and body types.

 In Dubai, Go Colors has partnered with Apparel Group, one of the region's leading retail conglomerates. The collaboration marks a strategic step forward for both companies?extending Go Colors' reach into international markets while introducing a distinct, function-forward fashion label to Apparel Group's diverse brand portfolio.

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The brokerage highlighted that Go Fashion, which operates under the brand 'Go Colors', is a category leader in the women?s bottom-wear segment with an 8% share in the organized market.

Leveraging its early-mover advantage, Go Colors has built a robust direct-to-consumer (D2C) brand, selling a wide range of products through 776 exclusive brand outlets (EBOs) across 180 cities.

The brokerage noted that bottom wear, positioned as a core wardrobe essential, serves functional and repeat-use needs. Its lower dependence on fashion trends, compared to top wear, supports steady demand and enables better pricing discipline.

Looking ahead, the brokerage expects Go Fashion?s revenue to grow at a 16% CAGR over FY25-28, driven by 18% growth in EBO and online channels. EBITDA and PAT are forecast to grow at 19% and 20% CAGR, respectively, during the same period.

Go Fashion (India) is a women's bottom-wear brand in India, with a market share of approximately 8% in the branded women?s bottom-wear market. On a standalone basis, the company reported 52% jump in net profit to Rs 19.9 crore on a 13% increase in total revenue to Rs 204.8 crore in Q4 FY25 over Q4 FY24.

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Net profit of Go Fashion (India) rose 52.41% to Rs 19.89 crore in the quarter ended March 2025 as against Rs 13.05 crore during the previous quarter ended March 2024. Sales rose 12.69% to Rs 204.81 crore in the quarter ended March 2025 as against Rs 181.74 crore during the previous quarter ended March 2024.

For the full year,net profit rose 12.95% to Rs 93.50 crore in the year ended March 2025 as against Rs 82.78 crore during the previous year ended March 2024. Sales rose 11.19% to Rs 848.17 crore in the year ended March 2025 as against Rs 762.83 crore during the previous year ended March 2024.

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While EBITDA improved by 16% YoY to Rs 62.4 crore, EBITDA margin expanded by _ % basis points YoY to 30.5% in the fourth quarter.

Profit before tax in Q4 FY25 stood at Rs 25.4 crore, up by 48% from Rs 17.2 crore recorded in Q4 FY24.

Go Fashion has registered net profit and total revenue of Rs 93.5 crore (up 13% YoY) and Rs 848.2 crore (up 11% YoY), respectively, in FY25.

The company?s average selling price for FY25 stood at Rs 769. Full price sales for the period under review were 95.4%.

In FY25, 71.2% revenue came from exclusive brand outlets (EBOs), 23.9% from LFS, 2.8% from Online sales and 2.1% from MBO & Others.

Same store sales growth (SSSG) and same cluster sales growth (SCSG) for EBOs was 1% and 7%, respectively, in FY25 over FY24.

The company added 104 EBOs on a gross basis and 62 EBOs on a net basis in FY25. Total EBOs as on 31 March 2025 stood at 776 stores.

Go Fashion?s working capital days as on 31 March 2025 stood at 134 and inventory days were at 102.

Cash & cash equivalents stood at Rs 249 crore as on 31st March 2025.

Gautam Saraogi, CEO, Go Fashion (India) Limited said, ?At Go Colors, we continue to deliver robust financial performance despite a challenging demand environment.

Q4 FY25 witnessed a recovery in SSSG which stood at 2.1% for Q4 FY25. 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.

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 Q4 FY25 were delayed due to store readiness issues and have opened in Q1 FY26.

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 nearly 120 stores annually.

Go Fashion (India) is a women?s bottom-wear brand in India, with a market share of approximately 8% in the branded women?s bottom-wear market.

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