Go Fashion (India) (GOCOLORS) Q4 21/22 earnings summary

Executive summary

• FY22 revenues rebounded to pre-COVID levels, with profitable growth despite pandemic restrictions, supply-chain disruption and commodity inflation.

• Focus remained exclusively on women’s bottomwear, supported by a D2C-led model, 503 EBOs and a broad portfolio spanning 3,000+ SKUs.

• IPO and listing in Nov 2021 marked a new phase; the IPO was oversubscribed 135x.

Financial highlights

• Revenue from operations rose 60.1% YoY to ₹401.31 crore; sales volume increased 34% to 81.57 lakh pieces.

• EBITDA increased 157% YoY to ₹119.02 crore; PAT was ₹35.60 crore versus a ₹3.54 crore loss in FY21.

• Q3 was the highest-revenue quarter to date, driven by festive demand; two price increases addressed higher sourcing costs.

Outlook and guidance

• Plans called for 120–130 new EBOs in FY23, healthy same-store sales growth and a seamless omnichannel experience.

• Priorities include bottomwear-led product additions across ethnic, western, fusion and lounge categories, plus online and data-analytics investments.

• Financial objectives include revenue growth without stretching working capital and improved profitability through sourcing, inventory management and pricing discipline.