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Earnings Call Transcript

Go Fashion (India) Earnings Call Transcript: Key Takeaways

Revenue declined 3% YoY due to festive timing shifts and higher raw material inflation impacting margins.

Highlights
Revenue growthRevenue fell 3% YoY to ₹218 Cr, festive timing impact.
MarginsGross margin at 60.8%, hit by raw material inflation.
Demand visibilityFestive season started on a decent note, demand shift expected.
Management confidenceBalanced, pivoting from small to large store formats.

Growth

H1 revenue fell 1.5%; ASP rose 6% driven by premiumization and new product mix.

Outlook

Management expects Q3/Q4 festive performance to restore growth; aiming for positive SSG in FY27.

Risks

Raw material inflation (8-10%) and store closure write-offs totaling ₹9.9 Cr in H1 pose margin risks.

Last quarter's promises, checked

Delivered

  • SSSG turn positive → Q1 +0.6% EBO (= BEAT)
  • Closures 'much lower' → 23 vs 66 in Q1 (= BEAT)
  • Shraddha Kapoor from July → signed (= BEAT)

Partly delivered

  • 25–30 Dailywear stores by FY27-end (15 in Q1) → count undisclosed (= PARTIAL)
  • +8–10% sq ft FY27 → net −14 stores, sq ft undisclosed (= PARTIAL)
  • 90–100 inventory days YE (100 in Q1) → undisclosed (= PARTIAL)

Missed

  • RM inflation to ease → still 8–10% vs 7–10% in Q1 (= MISS)
  • No price hike for now → calibrated hikes taken (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: GOCOLORS. Summary written with AI assistance from the document.

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Go Fashion (India) Ltd: key numbers

Share price
₹264.26
Market cap
₹1,427 Cr
Revenue (annual)
₹838.0 Cr
Net profit (annual)
₹59.18 Cr
P/E (TTM)
35.2×Sector 50.4×
Promoter holding
55.45%+0.00% QoQ
FII holding
4.09%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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