Latest news with #GoFashion
Business Upturn
a day 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
3 days ago
- Business
- Business Standard
Go Fashion gains after broker initiates 'Buy' rating
Go Fashion (India) rose 2.77% to Rs 884.50 after a domestic brokerage initiated coverage with a 'buy' rating and a target price of Rs 1,127, citing strong brand presence and first-mover advantage as key growth catalysts. The brokerage highlighted that Go Fashion, which operates under the brand 'Go Colors', is a category leader in the womens bottom-wear segment with an 8% share in the organized market. Leveraging its early-mover advantage, Go Colors has built a robust direct-to-consumer (D2C) brand, selling a wide range of products through 776 exclusive brand outlets (EBOs) across 180 cities. The brokerage noted that bottom wear, positioned as a core wardrobe essential, serves functional and repeat-use needs. Its lower dependence on fashion trends, compared to top wear, supports steady demand and enables better pricing discipline. Looking ahead, the brokerage expects Go Fashions revenue to grow at a 16% CAGR over FY25-28, driven by 18% growth in EBO and online channels. EBITDA and PAT are forecast to grow at 19% and 20% CAGR, respectively, during the same period. Go Fashion (India) is a women's bottom-wear brand in India, with a market share of approximately 8% in the branded womens bottom-wear market. On a standalone basis, 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 over Q4 FY24.
Economic Times
3 days ago
- Business
- Economic Times
Go Fashion shares rally 5% as Motilal Oswal initiates coverage with buy, sees 31% upside
Shares of Go Fashion climbed as much as 5.1% on Tuesday to Rs 904.50 on the BSE after brokerage Motilal Oswal initiated coverage on the stock with a 'buy' rating and a target price of Rs 1,127, citing the company's category leadership in women's bottom-wear and a scalable, brand-led retail model. ADVERTISEMENT The target price of Rs 1,127 indicates an upside potential of 31% from current levels. Motilal Oswal described Go Fashion, which operates under the 'Go Colors' brand, as 'a pioneer and category leader in the women's bottom wear market, holding an 8% share of the organized market.' The brokerage added that the company has 'successfully established a direct-to-consumer (D2C) brand, offering a wide range of products through 776 exclusive brand outlets (EBOs) across 180 cities.' The brokerage highlighted that 'bottom wear addresses functional, repeat-use needs and is less susceptible to fashion cycles compared to top wear,' enabling steady demand and operational stability. The segment, valued at Rs 135 billion in 2020, is the fastest-growing sub-category in the apparel market, with about 12% CAGR and relatively low organized retail penetration, estimated at about 38% by to the brokerage, 'GOCOLORS's success stems from its exclusive focus on women's bottom-wear, a structurally underserved category, which enabled the company to build deep domain expertise, high product variety, and strong brand recall, and its early transition to the EBO model, which provided complete control over pricing, merchandising, and consumer experience.' ADVERTISEMENT Between FY19 and FY25, the company delivered a 20% CAGR in revenue and profit, with EBOs contributing 73% of sales. Gross margins improved 350 basis points to 63.3% over the period, though EBITDA margins stayed flat at about 17% due to negative operating leverage in Go Fashion generated Rs 3.3 billion in cash from operations and Rs 1.6 billion in free cash flow, maintaining an 18% return on capital. ADVERTISEMENT Looking ahead, Motilal Oswal sees a 16% revenue CAGR through FY28, driven by 18% growth in EBO and online channels. It expects operating leverage to offset some pressure from raw material costs, expanding EBITDA margins to 18.2%.'We value the stock at 45x FY27E EPS to arrive at our TP of INR 1,127,' the note said, adding that the stock currently trades at 34x FY27E EPS after a recent correction. ADVERTISEMENT Go Fashion shares have declined 8% over the past year and are down 21% in the last six months. However, the stock has recovered 25% over the past three months and gained 4.3% in the last the stock is trading above six of its eight key simple moving averages, including the 5-day, 10-day, 20-day, 30-day, 50-day, and 100-day SMAs. It remains below the 150-day and 200-day SMAs. The Relative Strength Index (RSI) stands at 56.6, indicating the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 18.7, above its centerline but below the signal line. ADVERTISEMENT Also read | Why is it the perfect time to invest in Nifty 200 Momentum 30 Index? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
Go Fashion shares rally 5% as Motilal Oswal initiates coverage with buy, sees 31% upside
Go Fashion shares: Motilal Oswal referred to Go Fashion, the company behind the 'Go Colors' brand, as a trailblazer and market leader in the women's bottom wear segment, commanding an 8% share of the organized market. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Financial performance and projections Technical outlook and recent stock performance Tired of too many ads? Remove Ads Shares of Go Fashion climbed as much as 5.1% on Tuesday to Rs 904.50 on the BSE after brokerage Motilal Oswal initiated coverage on the stock with a 'buy' rating and a target price of Rs 1,127, citing the company's category leadership in women's bottom-wear and a scalable, brand-led retail target price of Rs 1,127 indicates an upside potential of 31% from current Oswal described Go Fashion, which operates under the 'Go Colors' brand, as 'a pioneer and category leader in the women's bottom wear market, holding an 8% share of the organized market.' The brokerage added that the company has 'successfully established a direct-to-consumer (D2C) brand, offering a wide range of products through 776 exclusive brand outlets (EBOs) across 180 cities.'The brokerage highlighted that 'bottom wear addresses functional, repeat-use needs and is less susceptible to fashion cycles compared to top wear,' enabling steady demand and operational stability. The segment, valued at Rs 135 billion in 2020, is the fastest-growing sub-category in the apparel market, with about 12% CAGR and relatively low organized retail penetration, estimated at about 38% by to the brokerage, 'GOCOLORS's success stems from its exclusive focus on women's bottom-wear, a structurally underserved category, which enabled the company to build deep domain expertise, high product variety, and strong brand recall, and its early transition to the EBO model, which provided complete control over pricing, merchandising, and consumer experience.'Between FY19 and FY25, the company delivered a 20% CAGR in revenue and profit, with EBOs contributing 73% of sales. Gross margins improved 350 basis points to 63.3% over the period, though EBITDA margins stayed flat at about 17% due to negative operating leverage in Go Fashion generated Rs 3.3 billion in cash from operations and Rs 1.6 billion in free cash flow, maintaining an 18% return on ahead, Motilal Oswal sees a 16% revenue CAGR through FY28, driven by 18% growth in EBO and online channels. It expects operating leverage to offset some pressure from raw material costs, expanding EBITDA margins to 18.2%.'We value the stock at 45x FY27E EPS to arrive at our TP of INR 1,127,' the note said, adding that the stock currently trades at 34x FY27E EPS after a recent correction. Go Fashion shares have declined 8% over the past year and are down 21% in the last six months. However, the stock has recovered 25% over the past three months and gained 4.3% in the last the stock is trading above six of its eight key simple moving averages, including the 5-day, 10-day, 20-day, 30-day, 50-day, and 100-day SMAs. It remains below the 150-day and 200-day SMAs. The Relative Strength Index (RSI) stands at 56.6, indicating the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 18.7, above its centerline but below the signal line.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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
