Go Fashion (India) share price & results

Go Fashion (India) Limited· Consumer Services· Consumer Discretionary

Results to: Jun 2026
Latest analysed call: Q1 FY27
Ownership as of: Sept 2026

Direct-to-consumer 'Go Colors' brand and India's largest branded women's bottom-wear retailer.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	223 ₹ crore	0.0% YoY	Quarterly, as filed	Quarter to Jun 2026	Revenue from operations as filed.
Operating margin	27.0 %	−4.0 pts YoY	Operating profit / revenue	Quarter to Jun 2026	For the quarter; a change is in percentage points.
Net profit	16.0 ₹ crore	−27.3% YoY	Quarterly, as filed	Quarter to Jun 2026	Profit after tax as filed.
Return on equity	Unavailable	+7.8 ptsFY Mar 2018 vs FY Mar 2017	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.
Free cash flow margin	Unavailable	—	Fiscal year	FY · period unavailable	Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)	Unavailable	−15.3 ptsFY Mar 2018 vs FY Mar 2017	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

2 of 7 judged targets kept · 8 open · verdicts reflect calls analysed to Q1 FY27.

Go Fashion (India) Limited management guidance track record on Inve: 15 targets tracked across analysed earnings calls (2 achieved, 5 missed, 8 open).

Target	Original wording	Said	Latest call	Verdict
Gross Margin	Maintain between 62% and 63% Call transcript, Q3 FY25 · 27 Jan 2025	Q3 FY25	Q1 FY27:Achieved 62.9% in Q1 FY27, within the guided range of 62-63.5%. Call transcript, Q1 FY27 · 30 Jul 2026	Achieved
Net Store Additions	120 to 150 stores for FY26 Call transcript, Q3 FY25 · 27 Jan 2025	Q3 FY25	Q1 FY27:Promise pertains to FY26 and is now closed. Call transcript, Q1 FY27 · 30 Jul 2026	Missed
Net Retail Square Feet Growth	Adding at least more than 10% more square feet in the coming year (FY27) Call transcript, Q4 FY26 · 30 Apr 2026	Q4 FY26	Q1 FY27:Guidance for FY27 net square feet addition revised down to 8-10% from 'at least more than 10%' previously. Q1 saw a net reduction of 7,000 sq ft. Call transcript, Q1 FY27 · 30 Jul 2026	Revised Down

Source: Inve Guidance Tracker for Go Fashion (India) Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of Go Fashion (India) Limited's 15 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 12 more targets are in the full ledger.

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Price

₹257.5 +1.02% · +₹2.6

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −62.2% 1Y

1Y: ₹682 on 24 Oct 2025 → ₹257.5. High ₹682 (24 Oct 2025), low ₹238.4 (17 Mar 2026).

Previous close: ₹254.9
Market cap: ₹1.3k Cr
52-week range: ₹238.4 – ₹668.05
One year: −61.45%

Overview

Symbol: NSE:GOCOLORS
Sector: Consumer Services
Industry: Consumer Discretionary
Exchange: NSE
Currency: INR

What Go Fashion (India) Limited does

Based on the company's own presentations, annual report and earnings calls.

Go Fashion (India) Limited designs, sources and retails women's bottom wear under the 'Go Colors' brand, spanning ethnic, western, fusion, denim, athleisure and lounge categories. It earns primarily through its own Exclusive Brand Outlets (EBOs) supplemented by Large Format Store (LFS) shelf space, online channels and Multi-Brand Outlets (MBOs), while manufacturing is fully outsourced to a network of third-party suppliers and job-workers under the company's in-house design and quality control. It has also begun piloting an extension into women's top wear, casual wear and men's apparel, and entered the Middle East via a franchise store in Dubai.

Segments

EBOs (Exclusive Brand Outlets)
LFS (Large Format Stores)
Online
MBO & Others

Market position: Among the largest branded women's bottom-wear (WBW) companies in India, with ~8% share of the branded WBW market
EBO stores: 802 stores across 23 states and UTs (as of March 2026)
Large Format Store (LFS) counters: 2,568 across 31 states and UTs (as of March 2026)
Cities present: 195 cities (as of March 2026)
Total retail area: 4,33,979 sq. ft. across the EBO network (as of March 2026)
Product range: 50+ styles of bottom wear in 120+ colours across ethnic, western, fusion, athleisure, denim, lounge, plus-size and girls' wear categories

Founded 2010Headquarters Chennai, Tamil Nadu, IndiaEmployees 5,410 (FY2024-25) Company website

How the price took the results

close before → close after

Q1 FY27: +6.2%; 30 Jul
Q4 FY26: −7.4%; 30 Apr
Q3 FY26: −6.6%; 29 Jan
Q2 FY26: −2.5%; 7 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Guidance

What management said, and what became of it

2 of 7 judged targets kept · 8 open · verdicts reflect calls analysed to Q1 FY27.

Go Fashion (India) Limited management guidance track record on Inve: 15 targets tracked across analysed earnings calls (2 achieved, 5 missed, 8 open).

Target	Original wording	Said	Latest call	Verdict
Gross Margin	Maintain between 62% and 63% Call transcript, Q3 FY25 · 27 Jan 2025	Q3 FY25	Q1 FY27:Achieved 62.9% in Q1 FY27, within the guided range of 62-63.5%. Call transcript, Q1 FY27 · 30 Jul 2026	Achieved
Net Store Additions	120 to 150 stores for FY26 Call transcript, Q3 FY25 · 27 Jan 2025	Q3 FY25	Q1 FY27:Promise pertains to FY26 and is now closed. Call transcript, Q1 FY27 · 30 Jul 2026	Missed
Net Retail Square Feet Growth	Adding at least more than 10% more square feet in the coming year (FY27) Call transcript, Q4 FY26 · 30 Apr 2026	Q4 FY26	Q1 FY27:Guidance for FY27 net square feet addition revised down to 8-10% from 'at least more than 10%' previously. Q1 saw a net reduction of 7,000 sq ft. Call transcript, Q1 FY27 · 30 Jul 2026	Revised Down

Source: Inve Guidance Tracker for Go Fashion (India) Limited · to Q1 FY27

The full ledger

Open Go Fashion (India) Limited’s full ledger

A free account opens 5 company ledgers a month. All 15 tracked commitments, with each call’s wording and source.

Browse the register

Latest analysed call: Q1 FY27, 30 Jul 2026. 7 calls analysed.

Call summaries

Q1 FY27 — 30 Jul 2026

Go Fashion (India) Limited Q1 FY27

Go Fashion (India) Limited reported a flat revenue of INR223 crores in Q1 FY27, alongside a 2% degrowth in EBITDA to INR67.4 crores, impacted by an exceptional write-off of INR6.5 crores. Despite this, the company achieved positive same-store sales growth of 0.6% for its EBO channel and saw a 2% recovery in its LFS channel. Strategic initiatives like the new daily wear concept stores are showing promising unit economics, and the company is focused on network consolidation and product portfolio refresh, though rising fabric costs pose a near-term margin concern.

Read the full call

Q4 FY26 — 30 Apr 2026

Go Fashion (I) Q4 FY26

Go Fashion (India) Limited reported a challenging Q4 and FY26, marked by a 26.25% YoY decline in FY26 PAT to INR 59 crores and a 60% YoY drop in Q4 PAT to INR 8 crores. Despite revenue growth of 15.23% YoY to INR 838 crores for FY26, profitability was impacted by negative same-store sales growth and margin compression. The company is undergoing a strategic transformation, focusing on larger store formats, product portfolio diversification, and brand building, with expectations for SSSG and margin recovery from Q2 FY27.

Read the full call

Q3 FY26 — 29 Jan 2026

Go Fashion (I) Q3 FY26

Go Fashion reported a challenging Q3 FY26, marked by lower footfalls and a significant 30% drop in LFS channel sales due to an operational issue with a key partner. Despite a negative Same-Store Sales Growth (SSSG) of -5%, the company maintained healthy gross margins at 64.3%. Management emphasized a cautious approach to store expansion, focusing on improving SSSG and optimizing inventory levels, which stood at 114 days.

Read the full call

Summaries of each call, in Inve’s own words; the transcript is not reproduced. Not investment advice.

Every analysed call

Go Fashion (India) Limited earnings calls (GOCOLORS)

Fundamentals

Ratios, each with its period

Current values with the period they cover; the trend reads across the 3 fiscal years held (Mar 2016 to Mar 2018).

Mar 2016 Mar 2017 Mar 2018
75.00 days 67.00 days 54.00 days

How it is calculated. Reported receivable days from the annual accounts.
Mar 2016 Mar 2017 Mar 2018
389.00 days 247.00 days 257.00 days

How it is calculated. Reported inventory days, using material cost / cost of goods sold.
Mar 2016 Mar 2017 Mar 2018
79.00 days 53.00 days 49.00 days

How it is calculated. Reported payable days, using material cost / cost of goods sold.
Mar 2016 Mar 2017 Mar 2018
384.00 days 261.00 days 262.00 days

How it is calculated. Reported debtor days plus inventory days less payable days.
Mar 2016 Mar 2017 Mar 2018
203.00 days 119.00 days 120.00 days

How it is calculated. Reported net working capital days from the annual accounts.
Mar 2016 Mar 2017 Mar 2018
0.00% 0.00% 0.00%

How it is calculated. Reported dividend payout as a percentage of annual profit.
Mar 2016 Mar 2017 Mar 2018
— — —

How it is calculated. Market capitalisation from the current stock record.

Mar 2016	Mar 2017	Mar 2018
75.00 days	67.00 days	54.00 days

Mar 2016	Mar 2017	Mar 2018
389.00 days	247.00 days	257.00 days

Mar 2016	Mar 2017	Mar 2018
79.00 days	53.00 days	49.00 days

Mar 2016	Mar 2017	Mar 2018
384.00 days	261.00 days	262.00 days

Mar 2016	Mar 2017	Mar 2018
203.00 days	119.00 days	120.00 days

Mar 2016	Mar 2017	Mar 2018
0.00%	0.00%	0.00%

Mar 2016	Mar 2017	Mar 2018
—	—	—

A dash means inputs are missing or too old, the ratio does not apply, or the value is outside the supported range. FY uses the reported fiscal period; TTM the latest twelve months; valuations use the current market cap with the chosen earnings period. Screen Indian stocks on these ratios →

Financials

What the filings say

Net profit, year on year: −27% (quarter to jun 2026 against jun 2025).

In ₹ crore. Oldest period first.

Line item	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	209	215	205	223	224	195	196	223
Expenses	145	145	142	154	158	143	146	162
Operating profit	64	70	62	69	67	52	50	61
Operating margin	30.0%	32.0%	30.0%	31.0%	30.0%	27.0%	25.0%	27.0%
Other income	7	6	7	5	7	5	8	8
Interest	11	12	12	12	12	12	13	13
Depreciation	31	32	31	32	33	35	35	35
Profit before tax	28	32	25	30	29	10	10	22
Tax rate	27.0%	25.0%	22.0%	25.0%	25.0%	28.0%	24.0%	25.0%
Net profit	21	24	20	22	22	7	8	16
EPS (₹ per share)	3.82	4.50	3.68	4.12	4.04	1.33	1.51	3.14

Source: Inve data · income statement, quarterly · to Jun 2026

In ₹ crore. Oldest period first.

Line item	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	662	763	849	838
Expenses	451	521	580	601
Operating profit	212	243	268	238
Other income	12	18	26	25
Interest	29	39	46	49
Depreciation	87	111	123	135
Profit before tax	109	110	122	79
Net profit	82	82	94	59

Source: Inve data · income statement, annual · to Mar 2026

In ₹ crore. Oldest period first.

Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sept 2025	Mar 2026
Equity capital	54	54	54	54	54	53
Reserves	384	466	550	643	687	638
Borrowings	250	340	469	507	535	532
Other liabilities	68	71	75	83	92	81
Total liabilities	756	931	1,148	1,288	1,368	1,303
Fixed assets	291	394	527	560	586	584
Capital work in progress	9	7	11	11	15	8
Investments	46	22	6	10	4	3
Other assets	410	508	604	707	763	708
Total assets	756	931	1,148	1,288	1,368	1,303

Source: Inve data · balance sheet · to Mar 2026

In days and %. Oldest period first.

Line item	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	69	55	40	38	46	46
Inventory days	333	459	386	317	336	387
Days payable	42	48	60	53	43	35
Cash conversion cycle	359	466	366	302	338	399
Working capital days	168	123	121	101	101	119
Return on capital employed	4.0%	12.0%	18.0%	16.0%	15.0%	11.0%
Dividend payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Source: Inve data · annual ratios · to Mar 2026

Ownership

Who owns it

Promoters hold 55.45% as of Sept 2026; institutions cut 0.98 pts since Jun 2026.

Promoters 0.00 pts 55.45%
Foreign institutions +0.59 pts 4.09%
Domestic institutions −1.57 pts 24.31%
Public +0.99 pts 16.17%

36,228 shareholders on the register.

Source: Exchange shareholding filings · to Sept 2026 · 8 filings held

Who was buying across the market this quarter

Who bought this quarter

since Jun 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

Mutual fund newly disclosed 2.81% held
+0.18 pp 1.75% held

The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.

Who is on the register

Named in the Sep 2026 filing

Every holder of Go Fashion (India) Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.

Holder	Stake	Change
	18.88%	unchanged
	18.88%	unchanged
	8.22%	unchanged
	8.22%	unchanged
Mutual fund	7.89%	unchanged
Mutual fund	7.51%	−0.46 pp
Insurer	4.14%	unchanged
Mutual fund	2.81%	newly disclosed
	1.75%	+0.18 pp
Sovereign	1.57%	unchanged
	1.24%	unchanged
Mutual fund	—	off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in GOCOLORS

Filings to Sep 2026

0 new, 0 added, 1 trimmed, 0 sold out — net −0.48 L shares (−0.6%).

Held by funds: ₹251 Cr; 6 schemes
Biggest holder: SBI Smallcap Fund; ₹99 Cr · 0.2% of that fund

Scheme	Holding	Last month	Held since
SBI Smallcap Fund SBI Mutual Fund	₹99 Cr	held	Dec '21
Nippon India Multi Cap Fund Nippon India Mutual Fund	₹64 Cr	held	May '25
Nippon India Small Cap Fund Nippon India Mutual Fund	₹50 Cr	held	Feb '25
SBI Balanced Advantage Fund SBI Mutual Fund	₹26 Cr	held	Jan '22
HDFC Dividend Yield Fund HDFC Mutual Fund	₹7 Cr	held	Dec '22
Nippon India Consumption Fund Nippon India Mutual Fund	₹5 Cr	−0.48 L	Sep '24

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Sep 2026

0 added, 1 trimmed — net −47,918 shares (−0.6%)

Funds are sitting on: -73%; vs est. average cost
Held by funds: ₹251 Cr; 6 schemes · ≈ 16% of the company
Biggest holder: SBI Smallcap Fund; ₹99 Cr · 0.2% of that fund

Shares held by these funds +58%

Oct '23 83.43 L shares Sep '26

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