Go Fashion (India) Limited — Updates, 25-01-2025: Press Release

Go Fashion (India) Limited reported a revenue of ₹643 crore for the nine months ending December 2024, reflecting an 11% year-on-year growth. In Q3 FY25, revenue reached ₹215 crore, up by 6% compared to the same quarter last year. The gross profit also showed positive momentum, totaling ₹405 crore for nine months, with a 14% increase year-on-year, while the EBITDA for this period stood at ₹206 crore, an increase of 9%.

The company added a net of 61 exclusive brand outlets (EBOs) in the first nine months, bringing the total to 775 stores. Looking ahead, Go Fashion plans to add 80-90 stores in FY25, aiming for continued market share growth. Despite a soft demand environment, the firm maintained a healthy EBITDA margin of 32% and anticipates stabilizing inventory days to 90-95 days for FY25. Overall, the financial performance indicates a positive outlook, showcasing resilience and strategic growth initiatives amidst market challenges.