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

Executive summary

• Q2 FY26 revenue grew to INR 224 crore (up 7–8% YoY), with EBITDA up 5% and PAT up 6%.

• Festive season saw positive consumer sentiment and improved volumes in key markets, aided by government measures.

• New product launches and category extensions in bottom-wear and top-wear are planned to drive future growth.

• International foray in the Middle East and pilot launches in new categories are showing promising early traction.

• 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 (7–8% YoY growth); H1 FY26 revenue: INR 447 crore (4% YoY growth).

• Q2 FY26 gross profit: INR 140 crore (7% YoY), gross margin 62.6%.

• Q2 FY26 EBITDA: INR 67 crore (5% YoY), EBITDA margin 29.7%.

• Q2 FY26 PAT: INR 22 crore (6% YoY), PAT margin 9.7%.

• EPS for Q2 FY26 was ₹4.04, up from ₹3.83 in Q2 FY25.

Outlook and guidance

• FY26 net store addition guidance revised to 80-90 from 120, reflecting a measured approach amid slow growth.

• Focus remains on improving SSSG, store productivity, and maintaining strong inventory control.

• Gross margin expected to remain steady at 62%-63% in H2 FY26.

• ASP expected to grow 2%-3% YoY, driven by product mix, not price hikes.

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