Go Fashion (India) Ltd
NSE:GOCOLORS
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
Go Fashion (India) Ltd
NSE:GOCOLORS
|
IN |
|
S
|
Shanghai Information2 Software Inc
SSE:688435
|
CN |
|
L
|
Lifestyle International Holdings Ltd
HKEX:1212
|
HK |
|
M
|
Memsensing Microsystems Suzhou China Co Ltd
SSE:688286
|
CN |
Go Fashion (India) Ltd
Go Fashion (India) Ltd. manufactures women's bottom wears. The company is headquartered in Chennai, Tamil Nadu. The company went IPO on 2021-11-30. The firm is engaged in the development, design, sourcing, marketing and retailing of a range of women's bottom-wear products under the brand, Go Colors. The Company’s bottom-wear products, including churidars, leggings, dhotis, harem pants, Patiala, palazzos, culottes, pants, trousers and jeggings, are sold across multiple categories such as ethnic wear, western wear, fusion wear, athleisure, denim, plus sizes and girl’s wear. The firm facilitates to customer to shop its products by color. Its distribution channels also have large format stores (LFS) including Reliance Retail, Central, Unlimited, Family Fashion Store, Lifestyle, Globus Stores and Spencer's Retail among others. The firm also sells products through its own Website and online marketplaces and through multi-brand outlets (MBOs). The firm has approximately 440 stores across in India over 110 cities.
Go Fashion (India) Ltd. manufactures women's bottom wears. The company is headquartered in Chennai, Tamil Nadu. The company went IPO on 2021-11-30. The firm is engaged in the development, design, sourcing, marketing and retailing of a range of women's bottom-wear products under the brand, Go Colors. The Company’s bottom-wear products, including churidars, leggings, dhotis, harem pants, Patiala, palazzos, culottes, pants, trousers and jeggings, are sold across multiple categories such as ethnic wear, western wear, fusion wear, athleisure, denim, plus sizes and girl’s wear. The firm facilitates to customer to shop its products by color. Its distribution channels also have large format stores (LFS) including Reliance Retail, Central, Unlimited, Family Fashion Store, Lifestyle, Globus Stores and Spencer's Retail among others. The firm also sells products through its own Website and online marketplaces and through multi-brand outlets (MBOs). The firm has approximately 440 stores across in India over 110 cities.
Challenging Quarter: Go Fashion reported a tough Q3, with revenue impacted by weak footfalls and subdued discretionary spending across the apparel industry.
LFS Channel Impact: A key Large Format Store (LFS) partner paused inventory intake for 45 days, causing a 30% drop in LFS sales and significantly affecting overall Q3 results.
Margins Stable: Gross margin remained strong at 64.3% due to disciplined full-price sales (over 95%), despite headwinds and channel mix changes.
Store Strategy: Expansion is being calibrated, with a focus on store profitability and reducing small, underperforming stores; expected FY26 net additions of 60-70 stores.
Muted SSSG: Same-store sales growth (SSSG) was negative, mainly due to weak footfalls and smaller store performance; management aims to return SSSG to positive territory.
Inventory Management: Inventory days rose to 114 due to new daily wear concept and sales slowdown; expected to normalize to around 100 days by year-end.
Buyback Announced: The company initiated a buyback of 1,413,000 shares at INR 460 per share, totaling INR 65 crores.
Guidance Cautious: Management is not providing aggressive store opening guidance for next year, prioritizing profitability and SSSG recovery over expansion.
