GOCOLORS
Go Fashion (India) share price & financials
- Price
- ₹354.1
- Market cap
- ₹1.7k Cr
- Sector
- Consumer Services
- Calls analysed
- 7
Go Fashion (India) Limited Q1 FY27
What went well
- Same-store sales growth (SSSG) for EBO channel turned positive at 0.6% in Q1 FY27, the first positive SSSG in several quarters.
- Same cluster sales growth was 1.2% for the quarter.
- LFS channel grew 2% year-on-year to INR50 crores, indicating a return to normalcy after a challenging FY26.
What to watch
- An exceptional expense of INR6.5 crores was incurred for the write-off of capital expenditure due to store closures.
- EBITDA before exceptional items saw a 2% degrowth, reaching INR67.4 crores.
What Go Fashion (India) Limited does
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
Guidance record · Q1 FY27
what the last two calls moved 15 tracked 2 delivered 5 missed 8 open- Gross Margin delivered said Q3 FY25 Promised: Maintain between 62% and 63% Q1 FY27: Achieved 62.9% in Q1 FY27, within the guided range of 62-63.5%.
- Net Store Additions missed said Q3 FY25 Promised: 120 to 150 stores for FY26 Q1 FY27: Promise pertains to FY26 and is now closed.
- Net Retail Square Feet Growth revised down said Q4 FY26 Promised: Adding at least more than 10% more square feet in the coming year (FY27) 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.
All 15 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 0.0%, net profit down 27.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 209 | 215 | 205 | 223 | 224 +7% | 195 −9% | 196 −4% | 223 +0% |
| EBITDA | 64 | 70 | 62 | 69 | 67 +5% | 52 −26% | 50 −19% | 61 −12% |
| Net profit | 21 | 24 | 20 | 22 | 22 +5% | 7 −71% | 8 −60% | 16 −27% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −56.0% 1Y
1Y: ₹737.35 on 10 Sept 2025 → ₹324.75. High ₹739.3 (19 Sept 2025), low ₹238.4 (17 Mar 2026).
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.
Financials, as filed
Revenue grew 8.2% a year over 3 years, FY23 to FY26. Operating margin narrowed to 28.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹662 Cr | ₹763 Cr | ₹849 Cr | ₹838 Cr |
| Operating profit | ₹212 Cr | ₹243 Cr | ₹268 Cr | ₹238 Cr |
| Operating margin | 32.1% | 31.8% | 31.6% | 28.4% |
| Interest | ₹29 Cr | ₹39 Cr | ₹46 Cr | ₹49 Cr |
| Depreciation | ₹87 Cr | ₹111 Cr | ₹123 Cr | ₹135 Cr |
| Net profit | ₹82 Cr | ₹82 Cr | ₹94 Cr | ₹59 Cr |
| Net margin | 12.4% | 10.7% | 11.1% | 7.0% |
| ROCE | 18.0% | 16.0% | 15.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹30 Cr | ₹54 Cr | ₹54 Cr | ₹54 Cr | ₹54 Cr | ₹53 Cr |
| Reserves | ₹204 Cr | ₹384 Cr | ₹466 Cr | ₹550 Cr | ₹687 Cr | ₹638 Cr |
| Borrowings | ₹281 Cr | ₹250 Cr | ₹340 Cr | ₹469 Cr | ₹535 Cr | ₹532 Cr |
| Other liabilities | ₹36 Cr | ₹68 Cr | ₹71 Cr | ₹75 Cr | ₹92 Cr | ₹81 Cr |
| Total liabilities | ₹551 Cr | ₹756 Cr | ₹931 Cr | ₹1.1k Cr | ₹1.4k Cr | ₹1.3k Cr |
| Fixed assets | ₹260 Cr | ₹291 Cr | ₹394 Cr | ₹527 Cr | ₹586 Cr | ₹584 Cr |
| Capital work in progress | ₹9 Cr | ₹9 Cr | ₹7 Cr | ₹11 Cr | ₹15 Cr | ₹8 Cr |
| Investments | ₹46 Cr | ₹46 Cr | ₹22 Cr | ₹6 Cr | ₹4 Cr | ₹3 Cr |
| Other assets | ₹237 Cr | ₹410 Cr | ₹508 Cr | ₹604 Cr | ₹763 Cr | ₹708 Cr |
| Total assets | ₹551 Cr | ₹756 Cr | ₹931 Cr | ₹1.1k Cr | ₹1.4k Cr | ₹1.3k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Mutual funds in GOCOLORS
Filings to Aug 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹275 Cr
- 6 schemes
- Biggest holder
- SBI Smallcap Fund
- ₹108 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Smallcap Fund SBI Mutual Fund | ₹108 Cr | held | Dec '21 |
| Nippon India Multi Cap Fund Nippon India Mutual Fund | ₹70 Cr | held | May '25 |
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹55 Cr | held | Feb '25 |
| SBI Balanced Advantage Fund SBI Mutual Fund | ₹28 Cr | held | Jan '22 |
| HDFC Dividend Yield Fund HDFC Mutual Fund | ₹8 Cr | held | Dec '22 |
| Nippon India Consumption Fund Nippon India Mutual Fund | ₹7 Cr | held | 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 Aug 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- -63%
- vs est. average cost
- Held by funds
- ₹275 Cr
- 6 schemes · ≈ 18% of the company
- Biggest holder
- SBI Smallcap Fund
- ₹108 Cr · 0.3% of that fund
Shares held by these funds +55%
Aug '23 83.91 L shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Go Fashion (India) Limited
Guides on how to read this kind of business and the numbers that matter.