Rahul Saraogi, a Promoter of Go Fashion (India) Limited , has declared that he did not create any encumbrance during the financial year 2025-26. The disclosure was submitted to BSE Limited and the National Stock Exchange of India Ltd. on April 07, 2026, in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Saraogi confirmed that no encumbrances were made directly or indirectly during the specified financial year, other than those that had already been disclosed previously. This declaration provides transparency regarding the financial standing of the promoter entity in relation to its shareholding in the company.

Disclosure Details

The following table summarizes the key details of the disclosure:

The declaration was addressed to the Audit Committee of Go Fashion (India) Limited and the stock exchanges. Rahul Saraogi signed the disclosure on behalf of the Promoter.

Go Colors has published its standalone audited financial results for the quarter and year ended March 31, 2026, adhering to Regulation 47 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The Board of Directors approved the results on April 30, 2026, following a review by Price Waterhouse Chartered Accountants LLP. The company also conducted an earnings call on April 30, 2026, to discuss the financial performance and strategic outlook.

Financial Performance for FY26

For the full year FY26, the company reported a revenue of INR838 crores. Gross profit stood at INR529 crores with a margin of 63.2%. EBITDA was INR237 crores, reflecting a margin of 28.3%, while Profit After Tax (PAT) reached INR59 crores. The company’s Return on Capital Employed (ROCE) was 11.5% and Return on Equity (ROE) was 8.9%, excluding Ind-AS impact. Cash and cash equivalents as of March 31, 2026, were INR181 crores.

In the fourth quarter (Q4 FY26), revenue stood at INR196 crores. Gross profit for the quarter was INR123 crores with a margin of 62.9%. EBITDA was INR50 crores at a margin of 25.3%, and PAT for the quarter was INR8 crores.

Strategic Initiatives and Store Expansion

Management outlined a significant shift in store network strategy, moving away from smaller formats to larger Exclusive Brand Outlets (EBOs) of 700 square feet and above. This shift aims to improve product discovery and customer experience as the portfolio expands into value-added bottom-wear. In FY26, the company added 43,000 square feet of retail space, an 11% growth, and shut down over 50 stores in overlapping catchment areas. An additional 50 small stores are planned for closure in Q1 FY27.

The company plans to add at least 10% more square footage in FY27, focusing on Tier 2 and Tier 3 cities. The goal is to nearly double the scale in terms of square feet over the next five years. Management emphasized that unit economics for larger stores are similar to smaller ones, with better conversion potential.

Product Portfolio and New Business

Approximately 70% of revenues now come from the value-added bottom-wear portfolio (non-leggings range). The company plans to add 10 to 12 new products in FY27 to target new purchase occasions. The Average Selling Price (ASP) is currently around INR800 to INR811, with management aiming to keep it below INR1,000.

The Daily Wear concept, launched as a pilot in 10 stores, has shown healthy unit economics. The company plans to expand this to 25 to 30 stores by the end of FY27. Additionally, Go Colors opened its first international store in the Middle East during FY26.

Brand Building and Future Outlook

To drive brand visibility, the company collaborated with an influencer in January 2026 and plans to appoint a brand ambassador in June 2026. Management is committed to turning Same-Store Sales Growth (SSG) positive by the end of FY27. Margins are expected to recover from Q2 FY27 onwards as cost savings from store closures materialize and revenue shifts to larger stores.

The publication of these results was signed by Gayathri Kethar, Company Secretary & Compliance Officer, and endorsed by Gautam Saraogi, Chief Executive Officer.