Go Fashion (India) Ltd (GOCOLORS)

Go Fashion Signs Franchise Agreement with Apparel Group - 18 May, 2024

Go Fashion (India) has signed a new five-year franchise agreement with Apparel Group to expand the Go Colors brand throughout the GCC countries, starting with launching 13 new stores across the UAE and Saudi Arabia.

Go Fashion (India) Enters Franchise Agreement for Go Colors Brand in UAE and Saudi Arabia - 17 May, 2024

Go Fashion (India) has signed a franchise agreement with Apparel Group to grant franchise rights for the Go Colors brand in UAE and Saudi Arabia for 5 years. The agreement is subject to terms and conditions mentioned in the contract.

Go Fashion (India) Ltd's Accrual Ratio Indicates Strong Conversion of Profit to Free Cash Flow - 11 May, 2024

Go Fashion (India) Ltd's accrual ratio for the year to March 2024 indicates strong conversion of profit to free cash flow, which is positive. Its free cash flow improved over the last year, but earnings per share fell back. The company has good underlying earnings potential.

Anand Rathi Recommends Buying Go Fashion (India) - 08 May, 2024

Anand Rathi's research report recommends buying Go Fashion (India) with a target price of Rs 1377. The company's FY24 revenue/EBITDA grew by 15%/14% YoY, and the gross margin expanded by 105bps YoY to 61.7%. The company expects a further 50bp rise in the gross margin.

Go Fashion Plans Expansion Amidst Weak Q4 Results - 06 May, 2024

Go Fashion (India) Ltd reported a profit after tax of Rs 13.1 crore for the January-March 2024 quarter, down 9.95% YoY. The company achieved 15% YoY growth in revenues and added 94 stores in FY24. Emkay Global Financials recommends buying with a target price of Rs 1300.

Go Fashion Reports Mixed Earnings Results and Expansion Plans - 05 May, 2024

Go Fashion reports mixed earnings for Q4 with YoY revenue growth of 15.33%, but a decrease in profit by 11.67%. The company plans to expand its store count by adding 120-150 new stores in FY25 while exploring omnichannel strategies. Analysts have given the stock a Strong Buy rating.

Go Fashion (India) Reports Weak Q4 Results, Stock Tanks - 03 May, 2024

Go Fashion (India) Ltd's Q4FY24 PAT declined by 12% YoY to Rs 13.1 crore, causing the stock to tank 11% on the BSE and hit a 52-week low on the NSE. The company cited temporary decline in demand due to higher inflation and changing spending patterns as reasons for reduced footfalls impacting performance.