Go Fashion (India) (GOCOLORS) Q2 25/26 earnings summary

Executive summary

• Q2 FY26 revenue reached INR 224 crore (₹22,417.29 lakhs), up 7–8% YoY, with EBITDA at INR 67 crore (+5% YoY) and PAT at INR 22 crore (+6% YoY); H1 FY26 revenue was INR 447 crore (+4% YoY).

• Festive season saw positive consumer sentiment and improved demand, especially in key markets like Tamil Nadu and Maharashtra.

• Store expansion was measured, with 36 net new stores in H1 FY26, totaling 812 stores; full-year guidance revised to 80-90 net additions.

• Focus remains on bottom-wear innovation, with new launches and category extensions planned for H2 FY26.

• Unaudited financial results for the quarter and six months ended September 30, 2025, were approved by the Board on November 7, 2025.

Financial highlights

• Q2 FY26 revenue: INR 224 crore (₹22,417.29 lakhs), gross profit: INR 140 crore (+7% YoY), GP margin 62.6%.

• Q2 EBITDA: INR 67 crore (+5% YoY), margin 29.7%; PAT: INR 22 crore (+6% YoY), margin 9.7%.

• H1 FY26 revenue: INR 447 crore (+4% YoY); gross profit: INR 289 crore (+5% YoY), GP margin 62.8%.

• H1 EBITDA: INR 135 crore, margin 30.3%; PAT: INR 44 crore, margin 9.9%.

• Cash and cash equivalents at INR 259 crore (₹1,940.76 lakhs) as of September 30, 2025.

Outlook and guidance

• FY26 net store addition guidance revised to 80-90 (from 120) due to measured expansion amid slow growth.

• H2 store expansion to remain disciplined, prioritizing profitability and catchment quality.

• Focus on achieving low single-digit SSSG and improving store productivity.

• Gross margin expected to remain steady at 62%-63% in H2.

• Continued investment in omni-channel and digital strategies to grow online sales.