Go Fashion FY26 Results: Revenue ₹838 Cr, Profit Falls 37% to ₹59.2 Cr

Go Fashion (India) Limited announced its audited financial results for the quarter and year ended March 31, 2026, revealing continued pressure on profitability metrics amid strategic business transformation. The company reported total revenue of ₹838.0 crores for FY26, marking a 1% decline from ₹848.2 crores in FY25. Net profit decreased significantly by 37% to ₹59.2 crores compared to ₹93.5 crores in the previous year.

FY26 Financial Performance

EBITDA for the full year stood at ₹237.1 crores against ₹268.0 crores in FY25, representing a 12% decline with EBITDA margin compressing to 28.3% from 31.6%. Gross profit declined 1% to ₹529.3 crores from ₹536.8 crores, with gross profit margin at 63.2% compared to 63.3% in FY25. Earnings per share decreased 37% to ₹10.97 from ₹17.31 in the previous year.

Parameter	FY26	FY25	Change (%)
Total Revenue	₹838.0 crores	₹848.2 crores	-1%
Gross Profit	₹529.3 crores	₹536.8 crores	-1%
EBITDA	₹237.1 crores	₹268.0 crores	-12%
Net Profit	₹59.2 crores	₹93.5 crores	-37%
EBITDA Margin	28.3%	31.6%	-
Earnings Per Share	₹10.97	₹17.31	-37%

Q4 FY26 Results

The fourth quarter showed notable challenges with revenue declining 4% to ₹196.1 crores from ₹204.8 crores in Q4 FY25. EBITDA fell sharply by 20% to ₹49.6 crores compared to ₹62.4 crores, with margin compression to 25.3% from 30.5%. Net profit declined 60% to ₹7.9 crores from ₹19.9 crores in Q4 FY25.

Metric	Q4 FY26	Q4 FY25	Change (%)
Total Revenue	₹196.1 crores	₹204.8 crores	-4%
EBITDA	₹49.6 crores	₹62.4 crores	-20%
EBITDA Margin	25.3%	30.5%	-
Net Profit	₹7.9 crores	₹19.9 crores	-60%

Business Transformation and Strategic Initiatives

Go Fashion continued its strategic shift with approximately 70% Value Added Bottoms Portfolio mix, moving away from traditional leggings. The company added 43,283 sq. ft. retail space during FY26, bringing total area to 4,33,979 sq. ft., representing 11% growth. Total EBO stores reached 802 with addition of 26 net stores during the year. Average selling price for FY26 stood at ₹811, representing 12% growth over the last 3 years.

Sales mix for FY26 comprised EBO at 72.7%, LFS at 21.7%, Online at 3.0%, and MBO & Others at 2.7%. Same Store Sales Growth for EBOs stood at -3.4%, while Same Cluster Sales Growth was -0.1%. Full price sales accounted for 95% of total sales. Working capital days stood at 152 days with inventory days at 117 days. Cash and cash equivalents stood at ₹181 crores as on March 31, 2026.

CEO Commentary and Future Outlook

Commenting on the results, Mr. Gautam Saraogi, CEO, stated that the company has evolved alongside industry transformation, with portfolio mix shifting to approximately 70% Value Added Bottoms Portfolio. The company is focusing on larger EBO stores of 700+ sq. ft. to enhance customer experience and display full inventory. Over the next five years, the company aims to nearly double its scale in terms of square footage.

The company plans to turn Same Store Sales Growth positive by end of FY27, successfully migrate to larger EBO stores, refresh product range, and expand the Daily Wear concept to 25-30 stores by end of FY27. In January 2026, the company collaborated with a leading influencer to launch a new collection, and by June 2026, a brand ambassador will be in place to enhance brand visibility.

Financial Ratios and Cash Flow

Return on Capital Employed stood at 10.5% and Return on Equity at 8.5% for FY26. Operating Cash Flow (Pre IND-AS 116) for FY26 stood at ₹25 crores. The company remains committed to maintaining healthy working capital position and generating sufficient internal cash flows.

Source: Company/INE0BJS01011/5d793754a6be4bfe.pdf

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.91%	+7.12%	+6.70%	-37.30%	-62.59%	-74.08%

Go Colors announced on April 28, 2026, that it received additional requests from 6 promoter group members seeking reclassification from 'Promoter and Promoter Group' category to 'Public' category shareholders under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This development follows the company's earlier intimation dated April 22, 2026, regarding similar requests from 20 promoter group members.

Additional Reclassification Requests

The company received these new requests on April 28, 2026, pursuant to Regulation 31A of SEBI LODR Regulations. All requesting entities currently hold NIL equity shares in the company, representing NIL percentage shareholding. The requests include a mix of individuals and corporate entities.

Entity Name	Category	Current Shareholding
Neha Garodia	Promoter Group	NIL
Corona Creatives	Promoter Group	NIL
Corona International	Promoter Group	NIL
Corona Steel Industry Private Limited	Promoter Group	NIL
Priyanka Vivek Taparia	Promoter Group	NIL
Ava Living LLP	Promoter Group	NIL

Regulatory Compliance Framework

Each requesting entity has declared compliance with Regulation 31A provisions, confirming they do not hold more than 10.00% of total paid-up share capital or voting rights, do not exercise control over company affairs directly or indirectly, have no special rights through formal or informal arrangements, are not represented on the board of directors, do not act as key managerial persons, are not wilful defaulters per RBI Guidelines, are not fugitive economic offenders, and have no pending regulatory actions.

Next Steps and Approval Process

The company will place these reclassification requests before the Board of Directors for consideration at its forthcoming meeting. Following board approval, Go Fashion will submit applications seeking no-objection from both the National Stock Exchange of India Limited and BSE Limited. Company Secretary and Compliance Officer Gayathri Kethar signed the regulatory intimation, confirming that all request letters have been attached as supporting documentation. The intimation has been uploaded on the company's website at https://www.gocolors.com/investorrelations for public access and transparency.