Arthneeti

Go Fashion (India) Q1 FY27 Share Price & Earnings Call Analysis

₹256.90-0.52% today
Market cap
₹1,353 Cr
P/E
25.34
ROE
8.52%
PEG
-2.55
Price to sales
1.61
Debt to equity
0.77
52W high / low
₹665 / ₹238
Sales growth (5Y)
27.30%
EBITDA margin
27.37%
Net profit margin
7.05%
Promoter holding
55.45%
Sales (last year)
₹838 Cr

Incorporated in 2010, Go Fashion Limited (GFIL) is one of the largest women's bottom-wear brands in India. The company is engaged in the development, design, sourcing, marketing, and retailing of a range of women's bottom-wear products under the brand, 'Go Colors'. The company offers one of the widest portfolios of bottom-wear products among women's apparel retailers in terms of colors and styles. As of May 31, 2021, Go Colors sold bottom-wear in over 50 styles in more than 120 colors.[1]

Guidance scorecard · Q1 FY27 call

What Go Fashion (India) Ltd's management guided
and where it ranks in Retailing

#26of 29 in
Retailing
Revenue10–20%MarginsFlatCapexPlannedFundraisingNone plannedOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Go Fashion aims to significantly expand its footprint over the next five years, potentially doubling the square feet deployed in the business.
  • For FY27, the company plans to add 8% to 10% net retail store area through opening larger format stores while closing smaller ones.
  • Same-store sales growth (SSSG) turned positive in Q1 FY27 at 0.6%, with early signs encouraging but management remains cautious to confirm a trend.
  • The new daily wear concept stores are performing well, with plans to scale to 25-30 stores by end of FY27.
  • LFS channel showed a 2% year-on-year growth, signaling recovery.

2 more points from Go Fashion (India) Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Go Fashion (India) Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Go Fashion (India) Limited plans to continue its store format transformation focused on migrating to larger-sized stores, closing smaller stores, and opening premium experience stores.
  • The company expects operating cash flows to be strong enough to fully finance capex internally.
  • Inventory investments will be optimized, with inventory days targeted between 90-100 days.

2 more points from Go Fashion (India) Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

None planned

See what Go Fashion (India) Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • Focus on store transition strategy with closures of smaller stores and opening larger stores aim to increase retail space by 8-10% year-on-year.
  • Expansion plans to add 10-12 new refreshing products in FY27.
  • Target to scale daily wear concept stores from 15 to 25-30 by end of FY27.

2 more points from Go Fashion (India) Ltd's call on the order book

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Full Q1 FY27 analysis
Full Retailing ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Retailing
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Entero Healthcare Solutions LtdGood growth
    3
See all potential multibaggersWhere does Go Fashion (India) Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Retailing companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹6,264 Cr38.2
240%+Flat₹6,053 Cr53.9
3Entero Healthcare Solutions Ltd20–40%Up 0–2%₹6,899 Cr53.5
420–40%Up 0–2%₹790 Cr19.0
520–40%Flat₹3.14L Cr725.0
620–40%Flat₹1.12L Cr170.8

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Financials of Go Fashion (India) Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Go Fashion (India) Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +157.59190.10188.85202.13181.74220.09208.53214.73204.81222.83224.17194.89196.12
Expenses +107.91125.88132.25134.61127.84147.95144.93144.94142.39154.12157.52142.79146.48
Operating Profit49.6864.2256.6067.5253.9072.1463.6069.7962.4268.7166.6552.1049.64
OPM %31.52%33.78%29.97%33.40%29.66%32.78%30.50%32.50%30.48%30.84%29.73%26.73%25.31%
Other Income +2.613.713.924.185.555.807.115.846.645.227.295.068.39
Interest8.438.218.9210.5011.5011.0411.4611.6312.2211.9812.1512.4312.80
Depreciation24.5924.9025.8428.9130.7329.4731.0631.7431.4232.2732.7934.7834.83
Profit before tax19.2734.8225.7632.2917.2237.4328.1932.2625.4229.6829.009.9510.40
Tax %23.30%24.50%22.20%27.53%24.22%23.46%26.82%24.61%21.75%25.03%24.83%27.84%23.56%
Net Profit +14.7826.2820.0423.4013.0528.6520.6324.3219.8922.2621.807.177.95
EPS in Rs2.744.873.714.332.425.303.824.503.684.124.041.331.47

Financials of Go Fashion (India) Ltd

Profit & Loss

Annual income statement trend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +114189285392251401665763848838
Expenses +99153204264203277450517577601
Operating Profit16368112847124215246271237
OPM %14%19%28%33%19%31%32%32%32%28%
Other Income +1165322112172526
Interest121218222531424949
Depreciation243247607287110124135
Profit before tax13314268-34810911012379
Tax %40%34%27%23%13%26%24%25%24%25%
Net Profit +8213153-43683839459
EPS in Rs8.0320.5910.3117.54-1.186.5915.3315.3317.3110.96
Dividend Payout %0%0%0%0%0%0%0%0%0%0%

Financials of Go Fashion (India) Ltd

Balance Sheet

Capital structure and asset base

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital10103030305454545453
Reserves41138149207204384466550643638
Borrowings +3252203259281250340469507532
Other Liabilities +12152325366871758373
Total Liabilities952154055215517569311,1481,2881,296
Fixed Assets +1926186256260291394527560584
CWIP122899711118
Investments7812394646226103
Other Assets +68106194248237410508604707700
Total Assets952154055215517569311,1481,2881,296

Financials of Go Fashion (India) Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +6-433579033104219199165
Cash from Investing Activity +-15-11-5-18-47-58-28-129-7638
Cash from Financing Activity +-099-31-44-3764-84-108-123-206
Net Cash Flow-1084-3-5539-8-180-3
Free Cash Flow-7-17729801369175159129
CFO/OP55%23%62%60%190%36%63%104%86%69%

Financials of Go Fashion (India) Ltd

Ratios

Working capital efficiency and return ratios

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days76565152695540384646
Inventory Days191257272302333459386317336376
Days Payable41475329424860534335
Cash Conversion Cycle226266269325359466366302338388
Working Capital Days123129125127168123121101101117
ROCE %23%19%20%4%12%18%16%15%11%

Guidance history

How Go Fashion (India) Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlannedNone planned—
Q4 FY26 call →0–10%Up 0–2%Planned——
Q3 FY26 call →0–10%FlatPlanned——
Q2 FY26 call →0–10%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

9out of 100

Momentum score · price trend

9 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−61.4%1%
Last 6 months−8.9%38%
Last 3 months−25.1%7%

The price is 81.6% below its all-time high of ₹1,399.3 (28 Oct 2022). Stocks more than 20% below their peak have their score halved, so 17 became 9.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Go Fashion (India) Ltd: 0.4 × 1 + 0.4 × 38 + 0.2 × 7 = 17, halved to 9 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Go Fashion (India) Ltd's management said in earlier quarters

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