Latest news with #GautamSaraogi
Business Upturn
4 days ago
- Business
- Business Upturn
Go Fashion opens first international store in Dubai in partnership with Apparel Group
By Aditya Bhagchandani Published on June 5, 2025, 13:26 IST Shares of Go Fashion (India) Limited traded in focus on Thursday after the company announced the commercial launch of its first-ever international store in Dubai. The store, located in Silicon Central Mall, marks Go Colors' debut in the Middle East market through a strategic partnership with Dubai-based retail giant Apparel Group. The expansion is part of Go Fashion's broader ambition to strengthen its global footprint. According to the company's press release filed with the stock exchanges, the new store will offer a curated selection of bottomwear products, including leggings, joggers, trousers, and more—targeting diverse customer segments across occasions from casual to workwear. Commenting on the launch, Gautam Saraogi, ED & CEO of Go Fashion, stated that Dubai was chosen as the first international destination due to its diverse consumer base and strategic importance within the GCC. Apparel Group's extensive retail network and operational expertise are expected to support Go Colors' growth across the region. As of 2024, Go Colors operates 750+ exclusive brand stores in India and is present in over 2,000 large format stores. This international foray comes at a time when the brand is increasingly focusing on affordability, inclusive sizing, and variety—offering over 50 bottomwear silhouettes in vibrant colors. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
02-05-2025
- Business
- Business Standard
Go Fashion sizzles after Q4 PAT climbs 52% YoY to Rs 20 cr
Go Fashion (India) rallied 9.48% to Rs 858.95 after the company's standalone net profit jumped 52.41% to Rs 19.89 crore on 12.69% increase in revenue from operations to Rs 204.81 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) climbed 47.62% YoY to Rs 25.42 crore during the quarter ended 31st March 2025. EBTDA rose 16% to Rs 62.4 crore in Q4 FY25 from Rs 53.9 crore posted in Q4 FY24. EBITDA margin improved to 30.5% in Q4 FY25 as against 29.7% in Q4 FY24. In Q4 FY25, same store sales growth (SSSG) for exclusive brand outlet (EBOs) stood at 2% and same cluster sales growth (SCSG) for EBOs stood at 6%. On full year basis, the companys standalone net profit jumped 12.95% to Rs 93.49 crore on 11.19% increase in revenue from operations to Rs 848.16 crore in FY25 over FY24. Average Selling Price (ASP) for FY25 stood at Rs 769. As on 31st March 2025, total EBOs stood at 776 stores. Cash & cash equivalents stood at Rs 249 crore as on 31st March 2025. Gautam Saraogi, CEO, Go Fashion (India), said, 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. Our disciplined inventory management has resulted in a maintaining our inventory days at 102 days. We believe there is room to optimize this further by a few more days, which will contribute to a stronger balance sheet and support long-term, sustainable growth. 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 ~120 stores annually. Go Fashion (India) is a womens bottom-wear brand in India. It is engaged in the development, design, sourcing, marketing and retailing a range of womens bottom-wear products under the brand, Go Colors
Fashion Network
01-05-2025
- Business
- Fashion Network
Go Fashion Q4 net profit rises 54 percent to Rs 20 crore
Go Fashion India Limited, parent company of leading women's bottom wear brand 'Go Colors' reported a 54 percent increase in net profit to Rs 20 crore ($2.4 million) for the fourth quarter ended March 31, as against Rs 13 crore in the year-ago period. The company's revenue for the quarter rose by 13 percent to Rs 205 crore, as against Rs 182 crore in the corresponding quarter of the previous fiscal year. For the full financial year, Go Fashion reported a revenue of Rs 848 crore with a net profit of Rs 94 crore. Commenting on the result, Gautam Saraogi, CEO of Go Fashion in a statement said, 'At Go Colors, we continue to deliver robust financial performance despite a challenging demand environment. This performance is in line with our efforts on improving business efficiency and implementing strong cost control measures.' 'Our ongoing investments in technology and product innovation continue to keep us ahead of industry trends. As the broader industry begins to recover, we are well-positioned to deliver stronger performance in the years to come,' he added. During the financial year 2025, the company opened 62 new stores taking its total count to 776 stores as on 31st March 2025.
Business Standard
30-04-2025
- Business
- Business Standard
Go Fashion soars after recording PAT of nearly Rs 20 crore in Q4; EBO count rises to 776 stores
Go Fashion (India) jumped 10.22% to Rs 807.25 after 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 as compared with Q4 FY24. 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 companys 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 Fashions 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 womens bottom-wear brand in India, with a market share of approximately 8% in the branded womens bottom-wear market.
