Go Fashion (india) Limited · NSE:GOCOLORS
Go Fashion (india) — Q2 FY2026 Earnings Presentation
38 slides from Go Fashion (india)'s earnings presentation, Nov 7, 2025
Slide 1: Regulation 30 filing cover letter to exchanges
November 07, 2025 BSE Limited National Stock Exchange of India Ltd. Scrip Code: 543401 Trading Symbol: GOCOLORS Dear Sir/Madam, Sub: Investor Presentation for Q2 FY 2026 - Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. With reference to the above captioned
Slide 2: Investor Presentation November 2025
Go Fashion (India) Limited Investor Presentation November 2025
Slide 3: Safe Harbor
SAFE HARBOR This presentation has been prepared by and is the sole responsibility of Go Fashion (India) Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or
Slide 4: Q2 & H1 FY26 Highlights
GO COLORS: Q2 & H1 FY26 Highlights 7
Slide 5: Q2 FY26 Financial Highlights
Q2 FY26 FINANCIAL HIGHLIGHTS Revenue from Gross Profit EBITDA Profit Before Tax Profit After Tax Operations Rs. 224 crores Rs. 140 crores Rs. 67 crores Rs. 29 crores Rs. 22 crores Sales Mix Gross Profit Margins EBITDA Margins No. of EBO stores added -50 bps during the quarter^ 2.6% 63.1% 62.6% 1.9%
Slide 6: H1 FY26 Financial Highlights
H1 FY26 FINANCIAL HIGHLIGHTS Revenue from Gross Profit EBITDA Profit Before Tax Profit After Tax Operations Rs. 447 crores Rs. 281 crores Rs. 135 crores Rs. 59 crores Rs. 44 crores Sales Mix Gross Profit Margins EBITDA Margins No. of EBO stores added +40 bps during the period^ 3.0% 62.4% 62.8% 2.9%
Slide 7: Strong Cash Flow & Balance Sheet
STRONG CASH FLOW & BALANCE SHEET Cash Flow from Operations Working Capital Days Post IND-AS 116 Cashflow to EBITDA Comparison Inventory Debtors Creditors Rs. Crs. ~70% EBITDA to In Days 120 134 135 Cashflow Conversion 135.4 95.1 97 102 99 52 H1 FY26 Post Post IND-AS Cashflow 40 46 IND-AS EBITDA as o
Slide 8: Q2 FY26 Profit & Loss Statement
Q2 FY26 PROFIT & LOSS STATEMENT *Q2 FY26 *Q2 FY25 YoY Profit & Loss (in Rs. Crore) Pre Pre Reported Ind-AS 116 Impact Reported Ind-AS 116 Impact (Reported) Ind-AS 116* Ind-AS 116* Total Revenue 224.2 224.2 208.5 208.5 8% Cost of Goods Sold 83.9 83.9 77.0 77.0 Gross Profit 140.3 140.3 131.5 131.5 7%
Slide 9: H1 FY26 Profit & Loss Statement
H1 FY26 PROFIT & LOSS STATEMENT *H1 FY26 *H1 FY25 YoY Profit & Loss (in Rs. Crore) Pre Pre Reported Ind-AS 116 Impact Reported Ind-AS 116 Impact (Reported) Ind-AS 116* Ind-AS 116* Total Revenue 447.0 447.0 428.6 428.6 4% Cost of Goods Sold 166.4 166.4 161.2 161.2 Gross Profit 280.6 280.6 267.5 267.5
Slide 10: Balance Sheet
BALANCE SHEET EQUITY AND LIABILITIES (in Rs. Crore) 30-Sep-25 31-Mar-25 ASSETS (in Rs. Crore) 31-Sep-25 31-Mar-25 Equity Non Current Assets Property, plant and equipment 116.3 111.7 Share Capital 54.0 54.0 Capital work-in-progress 15.0 11.5 Other Equity 687.4 643.4 Intangible assets 0.8 0.8 Total Eq
Slide 11: Cash Flow Statement
CASH FLOW STATEMENT Cash Flow Statement (in Rs. Crore) H1 FY26 H1 FY25 Net Profit Before Tax 58.7 65.6 Adjustments for: Non - Cash Items / Other Investment or Financial Items 78.8 73.6 Operating profit before working capital changes 137.5 139.2 Changes in working capital -24.7 -10.5 Cash generated f
Slide 12: Company Overview
GOCOLORS! Company Overview
Slide 13: We are a direct-to-consumer brand
WE ARE A DIRECT-TO-CONSUMER BRAND One-stop destination for all 50+ styles of bottom wear in women’s bottom wear 120+ colours. Among the largest Women Bottom Extensive sourcing and Wear (WBW) brands in India with manufacturing network of 149 ✓ suppliers and 68 job-workers ~8% market share in branded
Slide 14: Well Diversified Product Portfolio
Well Diversified Product Portfolio Ethnic Wear Western Wear Fusion Wear Athleisure Churidar Salwar Leggings Ponte Pants Jeggings Leggings Patiala Silk-Pants Cropped Jegging Track Pants Palazzos Track Pants Kurti-Pants Dhoti Jeans Culottes Pants Joggers Cargo Pants Treggings Harem-Pants From ₹ 599 to
Slide 15: Well Diversified Product Portfolio
Well Diversified Product Portfolio Denims Lounge Wear Go Plus Girls Wear Jeggings Pants Lounge Pants Churidars Leggings Pants Joggers Denim Culottes Lounge Knit Pants Leggings Jeggings Shorts Jeans Capris Lounge Capris Jeggings Palazzos Harem- Pants Denim Palazzos Lounge Shorts Pants Palazzos From ₹
Slide 16: EBO Stores + Airport Stores + LFS Stores
STANDARDIZED STORE DESIGNS AND LAYOUTS TO MAKE BRAND “GO COLORS” READILY IDENTIFIABLE EBO Stores + Airport Stores + LFS Stores 15 Go Fashion (India) Limited
Slide 17: Go Colors: Daily Wear Concept
Go Colors: Daily Wear Concept Women Bottom Wear + Women's Top Wear + Men's Wear 16 Go Fashion (India) Limited
Slide 18: Key Differentiators
GO COLORS: Key Differentiators Lf
Slide 19: Our Key Strengths
OUR KEY STRENGTHS Multi-Channel, Pan-India Distribution Network with a Focus on EBOs, Enhancing Brand Visibility Among the Largest Women’s Bottom-Wear Brand in India with Well-Diversified & Differentiated Product Portfolio and First Mover Advantage Extensive Procurement Base with Highly Efficient an
Slide 20: Leadership Position in Women's Bottomwear
GO COLORS HAS A LEADERSHIP POSITION IN WOMEN’s BOTTOMWEAR % Branded Women’s Bottom Wear Market Covering the entire spectrum of women’s requirements (FY20) across age-groups and body-types 8% Brand SKUs Ethnic Western Athleisure Fusion Denim 9% 728 10% Player A 800 Player B 700
Slide 21: Direct to Consumer Brand with Extensive Distribution Network
DIRECT TO CONSUMER BRAND WITH AN EXTENSIVE DISTRIBUTION NETWORK ACROSS INDIA Diversified presence across geographies EBO Stores #EBO #LFS 812 706 744 134 603 Malls & Airports (200) 444 423 High Streets (611) 292 214 179 International (1) 139152 116 62 23 Top 2 Cities Next Six Remaining Cities Tier I
Slide 22: Continuous Increase of EBO Presence Pan India
CONTINUOUS INCREASE OF EBO PRESENCE PAN INDIA Total 333 448 449 503 630 714 776 812 EBOs 75 97 101 121 143 160 180 194 Cities 62 36 812 194 45 14 84 104 -9 20 107 -42 127 17 -23 133 22 54 1 -6 115 66 42 20 -41* -12* 4 133 333 22 75 -18 Focus on establishing additional EBOs across Tier 2 and Tier 3 c
Slide 23: Enhancing Brand Visibility and Recall Value
ENHANCING BRAND VISIBILITY AND RECALL VALUE OF ‘GO COLORS’ BRAND Prudent use of resources to undertake brand-building initiatives and gain visibility 3.04% 2.54% 2.10% 2.40% Rs. 41 of Revenue 2.00% on every rupee of Advertisement Spent 1.82% 1.26% 2020 2021 2022 2023 2024 2025 H1 FY26 Store at high
Slide 24: Strong Unit Economics Leading to Efficient Operating Model
STRONG UNIT ECONOMICS LEADING TO AN EFFICIENT OPERATING MODEL Efficient Space Utilization offers one of the highest sales per square foot in the Same Store Sales Growth (in %) industry 36.0% Average Store Size (Sq. ft.) Average Selling Price* Present across 20.0% 11.4% 400 - 600 Rs. 792 194 cities 0
Slide 25: Extensive Procurement Base and Technology Driven Supply Chain
EXTENSIVE PROCUREMENT BASE WITH HIGHLY EFFICIENT AND TECHNOLOGY DRIVEN SUPPLY CHAIN MANAGEMENT Outsourced Manufacturing Sourcing Team ➢ Sourcing team closely monitors suppliers and provides strict quality assurance ➢ Manage an extensive sourcing network to support product development analysis teams
Slide 26: In-House Expertise in Developing and Designing Products
IN-HOUSE EXPERTISE IN DEVELOPING AND DESIGNING PRODUCTS Forecasting • Concept development and trend forecasting to develop new styles and products • Participate in fairs or exhibitions in India or abroad to better understand trends • Address evolving market trends and customers’ preferences In-House
Slide 27: Senior Management Team
SENIOR MANAGEMENT TEAM Mr. Prakash Kumar Saraogi Mr. Gautam Saraogi Mr. R Mohan Managing Director Executive Director and CEO Chief Financial Officer • Promoter of Go Fashion (India) Limited • Promoter of Go Fashion (India) Limited • Chartered Accountant by profession and has been associated with our
Slide 28: Company Strategies
COMPANY STRATEGIES 1 Continue to Expand Retail Network with a Focus on EBOs 2 Grow Sales Through Online Channel Leverage Technology to Bring Cost Efficiency and 3 Enhance Customer Experience 4 Leverage Leadership Position in Women’s Bottom-Wear 27 Go Fashion (India) Limited
Slide 29: Continue to Expand Retail Network with Focus on EBOs
1. CONTINUE TO EXPAND RETAIL NETWORK WITH A FOCUS ON EBOs Growth Strategies Grow network in existing Add additional stores in the Follow the COCO Model to Focus on establishing additional Selectively expand presence geographies i.e., deepen north and east regions with a ensure better operational EBO
Slide 30: Growth Through Online Channel
2. GROWTH THROUGH ONLINE CHANNEL E-retail in India has witnessed rapid growth and is expected to reach ₹ 7.8 trillion by FY25 growing at 23% CAGR (1) COVID-19 induced a Higher discounts Growth in Increased internet Increased smart Convenient through online faster pace of penetration phone usage paym
Slide 31: Leverage Leadership Position
3. LEVERAGE LEADERSHIP POSITION WBW market expected to grow at 12.4% CAGR reaching Branded women’s bottom-wear market expected to see continued high growth in future Rs. 243 Bn by FY25 (INR Cr) (INR Cr) 9.6% 24,315 +12.2% 8.3% 11,379 13,547 7.6% +12.4% 24,315 7,723 4,471 +11.9% 1,521 13,081 6,202 9,
Slide 32: Leverage Technology
4. LEVERAGE TECHNOLOGY Leverage Technology to Bring Cost Efficiency and Enhance Customer Experience Expand and upgrade warehouse to optimize inventory and supply management Strategically expand warehouse operations and Invest in IT infrastructure to improve implement new technologies to improve cust
Slide 33: Awards & Accolades
AWARDS & ACCOLADES 2016 2019 2019 2022 ‘Images Retail Award’ Transforming India Retail Award ‘Sustaining Enterprise of the Year’ at the TIECON, Chennai Most admired retailer of the year – Concept Stores 32 Go Fashion (India) Limited
Slide 34: Financials
, GO COLORS Financials
Slide 35: Historical Profit & Loss Account Statement
HISTORICAL PROFIT & LOSS ACCOUNT STATEMENT Particulars (in Rs. Crore) 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22* 31-Mar-21 31-Mar-20 Total Revenue 848.2 762.8 665.3 401.3 250.7 392.0 Cost of Materials Consumed 311.4 291.9 261.6 160.2 104.0 157.6 Gross Profit 536.8 470.9 403.6 241.1 146.7 234.5 Gross M
Slide 36: Historical Balance Sheet Statement
HISTORICAL BALANCE SHEET STATEMENT EQUITY AND LIABILITIES (in Rs. Cr) 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22* 31-Mar-21 31-Mar-20 ASSETS (in Rs. Cr) 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22* 31-Mar-21 31-Mar-20 Non Current Assets Equity Property, plant and equipment 111.7 101.3 85.0 64.1 58.4 60.3 S
Slide 37: Demonstrated Track Record of Strong Performance
DEMONSTRATED TRACK RECORD OF STRONG PERFORMANCE Revenues Gross Profit & GP Margins Profit After Tax & PAT Margins (Rs. Crs.) (Rs. Crs.) (Rs. Crs.) 59.8% 58.5% 60.1% 60.7% 61.7% 63.3% 13.4% -1.4% 8.9% 12.4% 10.9% 11.0% 848 763 665 537 93 471 83 83 404 401 53 392 36 234 241 251 147 -4 FY20 FY21 FY22 F
Slide 38: Thank You
THANK YOU Company: Go Fashion (India) Limited Investor Relations: Strategic Growth Advisors (SGA) CIN: L17291TN2010PLC077303 CIN: U74140MH2010PTC204285 Mr. R Mohan – CFO Mr. Deven Dhruva / Mr. Varun Shivram mohan@gocolors.com deven.dhruva@sgapl.net / varun.shivram@sgapl.net Tel: 044 4211 1777 Tel: +