India · Delayed Price · Currency is INR Go Fashion (India) Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw a strategic pivot to larger stores and value-added products, with stable gross margins but margin pressure from transition costs. Positive SSG and margin recovery are targeted for FY 2027, supported by brand investments and store consolidation.
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Q3 FY26 saw revenue of INR 195 crores and gross margin of 64.3%, but weak footfalls and LFS partner disruptions led to negative SSSG and cautious expansion plans. Focus remains on improving store productivity, maintaining high full-price sales, and disciplined capital allocation.
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Revenue and profitability grew modestly YoY in Q2 FY26, with strong festive demand in key markets and a disciplined approach to store expansion. New product launches and pilots in top-wear and international markets are expected to drive future growth, while gross margins remain steady.
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Revenue remained stable at INR 223 crores in Q1 FY26, with gross margin improving to 63% and EBITDA margin at 30.8%. Store network expanded to 803, but SSSG declined 2% due to softer footfalls and supply chain issues. Expansion into new categories and markets continues.
Fiscal Year 2025
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Q4 FY25 revenue grew 13% YoY with strong EBITDA and PAT growth, while SSSG turned positive at 2.1%. The company is piloting new women's and men's everyday wear categories in select stores, maintaining robust cash flows and planning 120+ store additions in FY26.
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Revenue and EBITDA grew year-over-year despite weak consumer demand and flat SSSG, supported by strong cost control and disciplined discounting. Store expansion and product innovation continue, with a focus on new markets and operational efficiency.
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Revenue grew 13% YoY in H1 FY25 to INR 429 crores, with EBITDA up 12% and margins stable despite a soft demand environment. Store expansion continues with a focus on larger, more productive outlets, and inventory days improved. Management remains optimistic for H2, targeting 15%-20% growth.
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Revenue grew 16% YoY to INR 220 crore in Q1 FY25, with gross margin at 61.8% and PAT up 9% YoY. Inventory days dropped to 87, and 20 net stores were added, targeting 120-150 for FY25. SSG is expected to reach 4%-5% by year-end, with EBITDA margin guidance at 19%-20%.