Go Fashion (India) Limited · NSE:GOCOLORS
Go Fashion (India) — Q2 FY2027 Earnings Presentation
42 slides from Go Fashion (India)'s earnings presentation, Oct 30, 2026
Slide 1: Exchange filing cover letter
October 30, 2026 BSE Limited National Stock Exchange of India Ltd. Scrip Code: 543401 Trading Symbol: GOCOLORS Dear Sir/Madam, Sub: Investor Presentation for Q2 FY 2027 - Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. With reference to the above captioned
Slide 2: Investor Presentation October 2026
Investor Presentation October 2026
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 FY27 Business & Financial Highlights
Q2 & H1 FY27 Business & Financial Highlights
Slide 5: Q2 FY27 Financial Highlights
Q2 FY27 Financial Highlights Revenue (EBO) Revenue (LFS) Revenue (Online) Revenue (MBO & Others) Revenue from Operations Rs. 154 crores Rs. 51 crores Rs. 8 crores Rs. 5crores Rs. 218 crores (0% YoY) (-15% YoY) (+41% YoY) (+8% YoY) (-3% YoY) Gross Profit Gross Profit Margins EBITDA* EBITDA Margins Pr
Slide 6: H1 FY27 Financial Highlights
H1 FY27 Financial Highlights Revenue (EBO) Revenue (LFS) Revenue (Online) Revenue (MBO & Others) Revenue from Operations Rs. 315 crores Rs. 101 crores Rs. 16 crores Rs. 9 crores Rs. 440 crores (+1% YoY) (-7% YoY) (+20% YoY) (-34% YoY) (-1% YoY) Gross Profit Gross Profit Margins EBITDA* EBITDA Margin
Slide 7: Strong Cash Flow & Balance Sheet
Strong Cash Flow & Balance Sheet Cash Flow from Operations Working Capital Days Inventory Debtors Creditors Pre IND-AS 116 Cashflow to EBITDA Comparison In Days 135 139 134 Rs. Crs. 99 100 ~103% of EBITDA to 94 Cashflow Conversion 52 49 52 51.3 52.6 16 12 10 Sep-25 Jun-26 Sep-26 Cash & Cash Equivale
Slide 8: Q2 FY27 Profit & Loss Statement
Q2 FY27 Profit & Loss Statement Q2 FY27 Q2 FY26 YoY Profit & Loss (in Rs. Crore) Ind-AS 116 Pre Ind-AS 116 Pre Reported Reported (Reported) Impact Ind-AS 116* Impact Ind-AS 116* Total Revenue 217.6 217.6 224.2 224.2 (3%) ✓ With key festivals shifting into Q3, Cost of Goods Sold 77.5 77.5 71.4 71.4 t
Slide 9: H1 FY27 Profit & Loss Statement
H1 FY27 Profit & Loss Statement H1 FY27 H1 FY26 YoY Profit & Loss (in Rs. Crore) Ind-AS 116 Pre Ind-AS 116 Pre Reported Reported (Reported) Impact Ind-AS 116* Impact Ind-AS 116* Total Revenue 440.4 440.4 447.0 447.0 (1%) Cost of Goods Sold 151.53 151.5 142.7 142.7 Subcontracting Charges 16.56 16.6 2
Slide 10: Historical Balance Sheet Statement
Historical Balance Sheet Statement EQUITY AND LIABILITIES (Rs. Crs.) 30-Sep-26 31-Mar-26 ASSETS (Rs. Crs.) 30-Sep-26 31-Mar-26 Equity Non Current Assets Property, plant and equipment 116.2 119.9 Share Capital 52.6 52.6 Capital work-in-progress 8.0 8.3 Other Equity 663.1 637.7 Intangible assets 0.5 0
Slide 11: Cash Flow Statement
CASH FLOW STATEMENT Cash Flow Statement (in Rs. Crore) H1 FY27 H1 FY26 Net Profit Before Tax 34.2 58.7 Adjustments for: Non - Cash Items / Other Investment or Financial Items 89.7 78.8 Operating profit before working capital changes 123.9 137.5 Changes in working capital 13.4 (24.7) Cash generated f
Slide 12: Product Mix Evolution in Line with Changing Fashion Preferences
Product Mix Evolution in Line with Changing Fashion Preferences FY19 FY25 H1 FY27 30% 38% 42% 58% 62% ~70% Churidar & Leggings Other Value Added Products Diversified & Future-Ready Industry Evolution, Brand Evolution ~70% Value Added Bottoms Portfolio Bottom wear industry has undergone a Portfolio m
Slide 13: Strengthening Product Relevance Through New Collection Launches
Strengthening Product Relevance Through New Collection Launches Blue Denim Skirt Cargo Pants Cargo Sweat Pants Parachute Pants Denim Cargo Pants 12 Go Fashion (India) Limited
Slide 14: Reimagining the In-Store Experience Through Larger EBOs
Reimagining the In-Store Experience Through Larger EBOs Example 1 : City in Rajasthan ✓ Added ~43,283 sq. ft. to the store network over the last year, ~11% growth, largely driven by expansion of larger EBO stores FY26: 4.34L sq. ft. FY25: 3.90L sq. ft. 304 sq. ft. 194 sq. ft. 908 sq. ft. Strategic f
Slide 15: Company Overview
GOCOLORS! Company Overview
Slide 16: We Are A Direct-to-Consumer Brand
We Are A Direct-to-Consumer Brand One-stop destination for all 50+ styles of women’s bottom wear bottom wear in 120+ colours. Among the largest Women Bottom Extensive sourcing and ✓ Wear (WBW) brands in India with ✓ manufacturing network of ~8% market share in branded WBW 168 suppliers and 70 job- w
Slide 17: 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 Trousers Shor
Slide 18: 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 19: Standardized Store Designs And Layouts
Standardized Store Designs And Layouts To Make Brand “Go Colors” Readily Identifiable EBO Stores + Airport Stores + LFS Stores 18 Go Fashion (India) Limited
Slide 20: Go Colors: Daily Wear Concept Stores
Go Colors: Daily Wear Concept 21 Stores Women Bottom Wear + Women's Top Wear + Men's Wear Linking Road (Mumbai) AS Rao Nagar (Hyderabad) Anna Nagar (Chennai) 19 Go Fashion (India) Limited
Slide 21: Key Differentiators
GO COLORS: j Key Differentiators Lf
Slide 22: 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 23: Direct To Consumer Brand With An Extensive Distribution Network Across India
Direct To Consumer Brand With An Extensive Distribution Network Across India Diversified presence across geographies EBO Stores #EBO #LFS 737 707 Malls & Airports (196) 663 High Streets (540) 128 562 425 International (1) 401 270 210 164 131 141 99 57 15 Cities Present Top 2 Cities Next Six Cities R
Slide 24: Continuous Increase Of EBO Presence Pan India
Continuous Increase Of EBO Presence Pan India No. of EBO Stores (#) Retail Area Addition (in Sq. Ft.) 26 62 +11% +3% 80 24 4,33,979 4,48,199 84 104 -54 -89 737 3,90,697 107 -42 -65 127 -23 133 503 -6 Strategic focus on enhancing customer experience through FY25 FY26 Sep’26 700+ sq. ft. EBO stores. L
Slide 25: Continuous Increase in Cities across India
Continuous Increase in Cities across India Addition of 75 cities over 4 years 196 1 15 20 17 22 121 ✓ Focus on establishing additional EBOs across Tier 2 and Tier 3 cities ✓ Deepen presence in existing geographies & grow our network in newer geographies PAN India FY22 FY23 FY24 FY25 FY26 H1FY27 Tota
Slide 26: Enhancing Brand Visibility And Recall Value Of 'Go Colors' Brand
Enhancing Brand Visibility And Recall Value Of ‘Go Colors’ Brand Advertisement Cost as % of Revenue Prudent use of resources to undertake brand-building initiatives and gain visibility Go Fashion Partners with Shraddha 2.90% 2.90% Kapoor as Brand Ambassador from July’26. This initiative will generat
Slide 27: Strong Unit Economics Leading To An 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 industry Average Store Size (Sq. ft.) Average Selling Price Presence Across Full Price Sale (% of EBO Sales) ~608 sq. ft. ₹827/- 196 cities 93% Total Squar
Slide 28: Extensive Procurement Base With Highly Efficient 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 ➢ Manage an extensive sourcing network to support product development assurance analysis teams
Slide 29: 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 30: 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 31: Company Strategies
Company Strategies 1 Continue to Expand Retail Network with a Focus on EBO’s 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 30 Go Fashion (India) Limited
Slide 32: Continue To Expand Retail Network With A Focus On Larger EBOs
1. Continue To Expand Retail Network With A Focus On Larger EBO’s Growth Strategies Focus on establishing Grow network in existing Follow the COCO Model to Add additional stores in the additional Larger EBOs (700+ geographies i.e., deepen Selectively expand presence ensure better operational north a
Slide 33: Growth Through Online Channel
2. Growth Through Online Channel Convenient payment Higher discounts COVID-19 induced a Growth in Increased internet Increased smart faster pace of penetration phone usage & return policies through online India E-tailing channels adoption of online purchase Sales from online channels for Go Fashion
Slide 34: Leverage Technology
3. 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 35: Positioned in a Faster-Growing Category with Structural Formalisation Tailwinds
4. Positioned in a Faster-Growing Category with Structural Formalisation Tailwinds Go Colors is Present at a right spot to growth faster than the Industry… With a Shift from Unbranded to Branded playing an important Role FY29 Branded Market size FY19 Rs. 484 Bn (INR Bn.) Rs. 139 Bn FY29P 50% 50% 242
Slide 36: We are Present Across Categories in the Sweet-Spot Price Segment
We are Present Across Categories in the Sweet-Spot Price Segment Go Colors is the only branded player with meaningful scale across all major bottom-wear categories Brand SKUs Ethnic Western Athleisure Fusion Denim 728 ✓ ✓ ✓ ✓ ✓ Player A 800 ✓ ✓ Player B 700 ✓ ✓ ✓ Player C 673 ✓ ✓ ✓ Pla
Slide 37: Awards & Accolades
Awards & Accolades 2016 2019 2019 2022 ‘Images Retail Award’ Transforming India Retail ‘Sustaining Enterprise of the Year’ Award at the TIECON, Chennai Most admired retailer of the year – Concept Stores 36 Go Fashion (India) Limited
Slide 38: Historical Financials
, GO COLORS Historical Financials
Slide 39: Historical Profit & Loss Account Statement
Historical Profit & Loss Account Statement Particulars (in Rs. Crore) 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22* Total Revenue 838.0 848.2 762.8 665.3 401.3 Cost of Materials Consumed 308.7 311.4 291.9 261.6 160.2 Gross Profit 529.3 536.8 470.9 403.6 241.1 Gross Margin 63.2% 63.3% 61.7% 60.7
Slide 40: Historical Balance Sheet Statement
Historical Balance Sheet Statement EQUITY AND LIABILITIES ASSETS (Rs. Crs.) 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22* 31-Mar-26 31-Mar-25 31-Mar-24 31-Mar-23 31-Mar-22* (Rs. Crs.) Non Current Assets Equity Property, plant and equipment 119.9 111.7 101.3 85.0 64.1 Share Capital 52.6 54.0 54.
Slide 41: 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.) 60.1% 60.7% 61.7% 63.3% 63.2% 8.9% 12.4% 10.9% 11.0% 7.1% 848 838 763 665 537 529 93 471 83 83 404 59 401 241 36 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24
Slide 42: 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. Sumit Kinikar mohan@gocolors.com deven.dhruva@sgapl.net / sumit.kinikar@sgapl.net Tel: 044 4211 1777 Tel: +