Go Fashion (India) Limited , the company behind the popular women's bottom-wear brand 'Go Colors', has announced its financial results for the first quarter, along with significant changes to its board of directors.

Q1 Financial Highlights

The company reported a revenue from operations of ₹222.83 crore for Q1, marking a slight increase from ₹220.09 crore in the same quarter last year. However, profit after tax (PAT) saw a decline, standing at ₹22.26 crore compared to ₹28.65 crore in the corresponding quarter of the previous year.

The company's EBITDA margin decreased to 30.8% from 32.8% in the corresponding quarter. Basic earnings per share (EPS) for the quarter stood at ₹4.12, down from ₹5.30 in the same quarter of the previous year.

Operational Performance

Go Fashion continued its expansion strategy, adding 27 new Exclusive Brand Outlets (EBOs) on a net basis during the quarter, bringing the total store count to 803. The company maintained a strong full-price sell-through rate of 97%, reflecting robust unit economics.

Board Restructuring

The board of directors approved several key appointments and re-appointments:

• Mr. Srinivasan Sridhar, Mr. Dinesh Madanlal Gupta, and Mrs. Rohini Manian were re-appointed as Independent Directors for second consecutive terms of 5 years each.
• Mr. Prakash Kumar Saraogi was re-appointed as Managing Director for a second term of 5 years.
• Mr. Gautam Saraogi was re-appointed as Executive Director for a 5-year term.
• Mr. Vinod Kumar Saraogi was appointed as Additional Director (Non-Executive and Non-Independent).
• Mr. Rahul Saraogi resigned as Non-Executive and Non-Independent Director due to other professional commitments.

Future Outlook

Gautam Saraogi, CEO of Go Fashion, commented on the results: "We are encouraged by a strong recovery in the latter part of the quarter, particularly during the EOSS, which reflects improving consumer traction across our retail network." He also mentioned plans to pilot new categories, including women's top wear and select men's wear, across 15-20 existing stores in the coming months.

The company remains optimistic about India's consumption story and is positioning itself to capitalize on the anticipated demand revival in upcoming quarters through its strong brand, disciplined execution, and expanding footprint.

Go Fashion has scheduled its 15th Annual General Meeting for September 4, to be held through video conferencing.

Go Fashion (India) Limited , known for its women's bottom-wear brand 'Go Colors', has reported a robust performance for the first quarter ended June 30, alongside significant changes to its board composition.

Financial Performance

The company announced a year-on-year increase in revenue from operations, which stood at ₹22,282.53 lakh for Q1, compared to ₹22,009.37 lakh in the same quarter of the previous year. This represents a growth of approximately 1.24%.

Despite the growth in revenue, the company experienced a decline in profitability. Profit after tax decreased to ₹2,225.99 lakh from ₹2,865.03 lakh in the corresponding quarter, marking a 22.30% reduction. This resulted in a lower basic earnings per share of ₹4.12 compared to ₹5.30 in the previous year's quarter.

Board Restructuring

Go Fashion announced several key changes to its board composition:

1. Re-appointments: The board approved the re-appointment of three Independent Directors - Mr. Srinivasan Sridhar, Mr. Dinesh Madanlal Gupta, and Mrs. Rohini Manian - for second consecutive terms of 5 years each, effective from 2026, subject to shareholder approval.

2. Executive Re-appointments: Mr. Prakash Kumar Saraogi was re-appointed as Managing Director, and Mr. Gautam Saraogi as Executive Director, both for 5-year terms starting from 2026 and 2025 respectively, pending shareholder approval.

3. New Appointment: Mr. Vinod Kumar Saraogi was appointed as Additional Director (Non-Executive and Non-Independent) effective August 1, 2025.

4. Resignation: Mr. Rahul Saraogi resigned from his position as Non-Executive and Non-Independent Director due to other professional commitments.

Other Corporate Actions

The company also made several other announcements:

• Appointment of M/s. Sridharan & Sridharan Associates as Secretarial Auditor for a five-year term.
• Scheduling of the 15th Annual General Meeting for September 4, 2025, to be held via video conferencing.
• Setting August 28, 2025, as the cut-off date for determining voting eligibility for the AGM.

These developments reflect Go Fashion's efforts to strengthen its governance structure while navigating the challenges in the retail sector. The company's ability to grow its revenue in a competitive market, despite facing pressure on profitability, will be closely watched by investors in the coming quarters.