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Go Fashion (India) Ltd Q1FY24; 8% rise in Profits

Incorporated in 2010, Go Fashion Limited (GFIL) is one of the largest women’s bottom-wear brands in India. The company is engaged in the development, design, sourcing, marketing, and retailing of a range of women’s bottom-wear products under the brand, ‘Go Colors’. The company offers one of the widest portfolios of bottom-wear products among women’s apparel retailers in terms of colors and styles. As of May 31, 2021, Go Colors sold bottom-wear in over 50 styles in more than 120 colors.

Financial Results:

  • Go Fashion (India) Ltd reported Revenues for Q1FY24 of ₹190.00 Crores up from ₹165.00 Crore year on year, a rise of 15.15%.
  • Total Expenses for Q1FY24 of ₹159.00 Crores up from ₹137.00 Crores year on year, a rise of 16.06%.
  • Consolidated Net Profit of ₹26.00 Crores up 8.33% from ₹24.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹4.87, up 7.51% from ₹4.53 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Fashion
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