The retail market in India was valued at \u20b959.7 trillion in fiscal 2020 and is expected to grow at a CAGR of 6.23% to reach \u20b980.7 trillion by fiscal 2025. The apparel and accessories industry accounted for 7.9% of retail in 2020. Moreover, the woman\u2019s apparel segment increased from 19% in 2015 to 27% in 2020 and is expected to reach 42% by the end of 2025.<\/p>\n\n\n\n
Go Fashion India Ltd-owned GoColors, recently filed draft papers with the Securities Exchange Board of India to raise funds via a share sale. The initial public offering consists of a fresh issue of \u20b91.25 billion and an offer for sale (OFS) of up to 12.88 million shares by its existing shareholders and promoters.<\/p>\n\n\n\n
GoColors will use \u20b9337.3 million from the net proceeds towards launching 120 new exclusive brand outlets (EBOs) across the country. Further, the company plans to utilize \u20b9613.98 million for the funding of working capital and the remainder would be used for general corporate purposes.<\/p>\n\n\n\n
GoColors is one of the largest women\u2019s bottom-wear brands in India, with a market share of approximately 8% in the branded women\u2019s bottom-wear market in fiscal 2020. The company is engaged in the development, design, sourcing, marketing, and retailing of a range of women\u2019s bottom-wear products.<\/p>\n\n\n\n
The Chennai-based company offers the widest portfolio of bottom-wear products among women\u2019s apparel retailers in India in terms of colours and styles, which include churidars, leggings, dhotis, harem pants, patiala, palazzos, culottes, pants, etc.<\/p>\n\n\n\n
GoColors has an extensive network of 450 exclusive brand outlets, 15 kiosks, and 11 franchises, that are spread across 23 states and union territories in India. The company\u2019s distribution channels include Reliance Retail Ltd, Central, Unlimited, Globus Stores Pvt. Ltd, and Spencer’s Retail among others.<\/p>\n\n\n\n
For FY21, the company\u2019s revenue from operation was at \u20b92.50 billion compared to \u20b93.92 billion a year ago. Net loss for the period stood at \u20b935.4 million against a profit of \u20b9526.3 million last year.<\/p>\n\n\n\n
Meanwhile, the Covid-19 outbreak had a substantial impact on the company\u2019s operations. There were temporary as well as permanent closures of all physical sales channels including stores, kiosks at malls, and franchise stores, along with a decline in footfalls and sales, and reduced operating hours.<\/p>\n\n\n\n
The revenue from operations declined by 36% and 26 stores were permanently closed. The Covid-19 pandemic had an impact on the company\u2019s liquidity as well. Any such outbreak in the future would cause a lot of financial and operational loss.<\/p>\n","protected":false},"excerpt":{"rendered":"
The retail market in India was valued at \u20b959.7 trillion in fiscal 2020 and is expected to grow at a CAGR of 6.23% to reach \u20b980.7 trillion by fiscal 2025. The apparel and accessories industry accounted for 7.9% of retail in 2020. Moreover, the woman\u2019s apparel segment increased from 19% in 2015 to 27% in […]<\/p>\n","protected":false},"author":83,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5748,12,10444,85],"tags":[8687,8145],"class_list":["post-124759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-other-industries","category-others","category-retail-stocks","tag-fashion","tag-retail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":124938,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-what-to-look-for-when-vedant-fashions-goes-public\/","url_meta":{"origin":124759,"position":0},"title":"IPO Alert: What to look for when Vedant Fashions goes public","author":"Nishadkishore","date":"September 29, 2021","format":false,"excerpt":"Ethnic wear accounted for about 32% of the overall apparel retail market in India as of fiscal 2020. Women\u2019s ethnic wear was the largest segment, followed by menswear in the second place representing approximately10% of the total ethnic wear market. A recent study has shown that the estimated value of\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124899,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-metro-brands-limited-files-papers-to-go-public\/","url_meta":{"origin":124759,"position":1},"title":"IPO Alert: Metro Brands Limited files papers to go public","author":"Nishadkishore","date":"September 13, 2021","format":false,"excerpt":"The Indian footwear industry has witnessed increasing demand over the last few years amid a transition from value purchase to lifestyle purchase. In fiscal 2020, the country\u2019s footwear segment accounted for approximately 1.5% of the total retail industry. The estimated value of the footwear industry was around \u20b91 trillion as\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":125048,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-wellness-forever-medicare-files-papers-for-a-public-listing\/","url_meta":{"origin":124759,"position":2},"title":"IPO Alert: Wellness Forever Medicare files papers for a public listing","author":"Nishadkishore","date":"October 20, 2021","format":false,"excerpt":"The Indian pharmaceutical industry is the world\u2019s third-largest by volume and 14th largest by value. 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The company operates a chain of retail stores offering a wide range of fashion products, including clothing, footwear, and accessories. 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Last year, the total number of ATMs deployed in the country was 238,588.\u2026","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/alphastreet.com\/india\/category\/finance-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124737,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-awl-files-papers-to-raise-%e2%82%b94500-cr\/","url_meta":{"origin":124759,"position":5},"title":"IPO Alert: AWL files papers to raise \u20b94,500 cr","author":"Nishadkishore","date":"August 11, 2021","format":false,"excerpt":"The size of the Indian packaged food retail market was about \u20b96 trillion in fiscal 2020, which contributed about 15% to the entire food and grocery segment. 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