Go Fashion (India) (GOCOLORS) Q4 24/25 earnings summary

Executive summary

• Revenue for FY25 grew 11% YoY to INR 848 crore, with PAT up 13% YoY to INR 93 crore; Q4 FY25 revenue rose 13% YoY to INR 205 crore, and PAT increased 52% YoY to INR 20 crore.

• Maintained leadership in branded women's bottom wear with ~8% market share and a pan-India presence of 776 EBOs.

• SSSG for Q4 FY25 was 2.1%, reflecting early demand recovery and improved business efficiency.

• The company is piloting new categories in women's and men's everyday wear, leveraging existing store space.

• Audited financial results for FY25 were approved by the Board on April 30, 2025, with an unmodified auditor opinion.

Financial highlights

• FY25 gross profit rose 14% YoY to INR 537 crore, with a gross margin of 64.3%; EBITDA increased 11% YoY to INR 268 crore, and EBITDA margin stood at 31.6%.

• PAT margin for FY25 was 11%; Q4 FY25 PAT margin was 9.7%.

• Cash and equivalents as of March 31, 2025, were INR 249 crore.

• Inventory days maintained at 102; working capital cycle stable.

• Earnings per share (basic and diluted) for FY25 stood at ₹17.31, up from ₹15.32 in FY24.

Outlook and guidance

• Targeting net addition of 120–130 EBOs annually from FY26, focusing on Tier 2 and Tier 3 cities.

• Expecting continued demand improvement and positive SSSG in FY26.

• International expansion underway with first Middle East store opening in Dubai by May or June.

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