Go Fashion (india) Limited · NSE:GOCOLORS
Go Fashion (india) — Q3 FY2025 Earnings Presentation
35 slides from Go Fashion (india)'s earnings presentation, Jan 25, 2025
Slide 1: Exchange filing cover letter for Investor Presentation Q3 FY25
January 25, 2025 BSE Limited National Stock Exchange of India Ltd. Scrip Code: 543401 Trading Symbol: GOCOLORS Dear Sir/Madam, Sub: Investor Presentation for Q3 FY 2025 - Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. With reference to the above captioned
Slide 2: Investor Presentation January 2025
Go Fashion (India) Limited Investor Presentation January 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: Q3 & 9M FY25 Highlights
GO COLORS: Q3 & 9M FY25 Highlights |
Slide 5: Q3 FY25 Financial Highlights
Q3 FY25 FINANCIAL HIGHLIGHTS Revenue from Operations Gross Profit EBITDA Profit Before Tax Profit After Tax Rs. 214.7 crores Rs. 137.7 crores Rs. 69.8 crores Rs. 32.3 crores Rs. 24.3 crores 6% 11% 3% 0% 4% Sales Mix Gross Profit Margins EBITDA Margins No. of EBO stores added +260 bps during the quar
Slide 6: 9M FY25 Financial Highlights
9M FY25 FINANCIAL HIGHLIGHTS Revenue from Operations Gross Profit EBITDA Profit Before Tax Profit After Tax Rs. 643.4 crores Rs. 405.2 crores Rs. 205.5 crores Rs. 97.9 crores Rs. 73.6 crores 11% 14% 9% 5% 6% Sales Mix Gross Profit Margins EBITDA Margins No. of EBO stores added +180 bps during the ni
Slide 7: Strong Cash Flow & Balance Sheet
STRONG CASH FLOW & BALANCE SHEET Cash Flow from Operations Significant Improvement in Working Capital Inventory Debtors Creditors Post IND-AS 116 Rs. Crs. In Days 125 124 130 182.0 150.1 104 99 97 9M FY24 9M FY25 44 37 38 18 13 9 Pre IND-AS 116 Dec-23 Mar-24 Dec-24 Rs. Crs. 104.4 Cash & Cash RoCE* R
Slide 8: Q3 FY25 Profit & Loss Statement
Q3 FY25 PROFIT & LOSS STATEMENT *Q3 FY25 *Q3 FY24 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 214.7 214.7 202.1 202.1 6% Cost of Goods Sold 77.0 77.0 77.9 77.9 Gross Profit 137.7 137.7 124.3 124.3 11%
Slide 9: 9M FY25 Profit & Loss Statement
9M FY25 PROFIT & LOSS STATEMENT *9M FY25 *9M FY24 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 643.4 643.4 581.1 581.1 11% Cost of Goods Sold 238.2 238.2 225.7 225.7 Gross Profit 405.1 405.1 355.4 355.
Slide 10: Company Overview
GOCOLORS! Company Overview
Slide 11: One-stop destination for all women's bottom wear
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 135 ✓ ~8% market share in branded suppliers and 65 job-workers
Slide 12: 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 13: 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 14: Standardized Store Designs and Layouts
STANDARDIZED STORE DESIGNS AND LAYOUTS TO MAKE BRAND “GO COLORS” READILY IDENTIFIABLE EBO Stores + Airport Stores + LFS Stores 13 Go Fashion (India) Limited
Slide 15: Key Differentiators
GO COLORS: Key Differentiators | OO
Slide 16: 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
Slide 17: Leadership Position in Women's Bottomwear
GO COLORS HAS A LEADERSHIP POSITION IN WOMEN’s BOTTOMWEAR % Branded Women’s Bottom Wear Covering the entire spectrum of women’s Market (FY20) requirements across age-groups and body-types 8% Brand SKUs Ethnic Western Athleisure Fusion Denim 9% 728 10% Player A 800 Player B 700
Slide 18: 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 775 581 615 135 494 Malls & Airports (201) 390 369 High Streets (574) 288 213 171 129131 101 61 25 Top 2 Cities Next Six Remaining Cities Tier I Tier II Cities Ti
Slide 19: Continuous Increase of EBO Presence Pan India
CONTINUOUS INCREASE OF EBO PRESENCE PAN INDIA Total Cities 333 448 449 503 630 714 775 EBOs 75 97 101 121 143 160 177 Present# 61 177 775 84 84 17 -23 107 17 127 -23 22 133 54 1 -6 20 115 66 42 -12* 4 -41* 133 22 333 75 -18 Focus on establishing additional EBOs across Tier 2 and Tier 3 cities Plan t
Slide 20: 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% Rs. 51.67 of Revenue 1.82% 1.90% on every rupee of Advertisement Spent 1.26% 2020 2021 2022 2023 2024 9M FY25 Store at high footfal
Slide 21: 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 Same Store Sales Growth (in %) the industry 36.0% Average Store Size (Sq. ft.) Average Selling Price* Present across 20.0% 400 - 600 Rs. 769 177 cities 11.4% 0
Slide 22: 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 ➢ Manage an extensive sourcing network to support product assurance analysis development teams
Slide 23: 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 24: 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 25: 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 24 Go Fashion (India) Limited
Slide 26: Continue to Expand Retail Network with a Focus on EBOs
1. CONTINUE TO EXPAND RETAIL NETWORK WITH A FOCUS ON EBOs Growth Strategies Grow network in existing Add additional stores in Follow the COCO Model Focus on establishing Selectively expand presence geographies i.e., deepen the north and east regions to ensure better additional EBOs across across LFS
Slide 27: 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 28: 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 Rs. 243 Bn by FY25 in future (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 29: 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 Invest in IT infrastructure to and implement new technologies to improve improve prod
Slide 30: 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 29 Go Fashion (India) Limited
Slide 31: Financials
GO COLORS: Financials | @
Slide 32: Historical Profit & Loss Account Statement
HISTORICAL PROFIT & LOSS ACCOUNT STATEMENT Particulars (in Rs. Crore) 31-Mar-24 31-Mar-23 31-Mar-22* 31-Mar-21 31-Mar-20 Total Revenue 762.8 665.3 401.3 250.7 392.0 Cost of Materials Consumed 291.9 261.6 160.2 104.0 157.6 Gross Profit 470.9 403.6 241.1 146.7 234.5 Gross Margin 61.7% 60.7% 60.1% 58.5
Slide 33: Historical Balance Sheet Statement
HISTORICAL BALANCE SHEET STATEMENT EQUITY AND LIABILITIES ASSETS (in Rs. Cr) 31-Mar-24 31-Mar-23 31-Mar-22* 31-Mar-21 31-Mar-20 31-Mar-24 31-Mar-23 31-Mar-22* 31-Mar-21 31-Mar-20 (in Rs. Cr) Non Current Assets Equity Property, plant and 101.3 85.0 64.1 58.4 60.3 Share Capital 54.0 54.0 54.0 79.0 79.
Slide 34: 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% 13.4% -1.4% 8.9% 12.4% 10.9% 763 665 471 83 83 404 392 401 53 234 241 36 251 147 -4 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22
Slide 35: 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: +