Chennai-headquartered Go Fashion (India) reported a net profit of ₹7.9 crore for the quarter ended March 2026, down 60 per cent as against ₹19.9 crore in the corresponding quarter last year. For the full financial year, PAT stood at ₹59.17 crore compared to ₹93.49 crore in the year-ago period.
The listed fashion retailer, with a focus on bottom wear, posted revenue from operations of ₹196 crore in Q4FY26 against ₹205 crore in Q4FY25. For the full financial year revenue from operations stood at ₹838 crore against ₹848 crore .
Speaking to businessline, Gautam Saraogi, Founder & CEO, Go Fashion, said the Group’s store consolidation efforts and related cost increase led to decline in profit in FY26, and they look forward to a stronger FY27 with more of the store consolidation behind them.
The company, that retails under the brand Go Colors, records over 75 per cent of its revenue from its EBOs (Exclusive Brand Outlets), and it has closed down around 90-95 small sized EBOs in the last 15 months to consolidate into the larger size stores. Total EBOs as on March 31, 2026 stood at 802 stores.
To enhance the shopping experience of the customers, we are opening more larger-sized EBOs, the CEO said. The total area of stores as on March 31, 2026 is 4,33,979 sq. ft. vs 3,90,697 sq. ft. as on March 2025.
The company’s current level of sales through e-commerce channels (including quick commerce) is just about 3-4 per cent currently, but Saraogi expects robust growth given customer behaviour.
Over the years, the portfolio mix has changed to a ~70% Value-added bottoms (bottom wear other than leggings) portfolio compared to being a leggings retailer when it started out.
The company has also started piloting a new store concept of a one-stop destination of all daily wear needs of men and women, with 10 such stores opened across India, and seeing good traction.
Shares of Go Fashion closed the day at ₹281.25, down 7.32 per cent on the BSE.
Published on April 30, 2026