Motilal Oswal's research report on Go Fashion India
Go Fashion (India) Ltd (GOCOLORS) reported a muted start to FY26, with revenue growing modestly at 1% YoY, impacted by a 2% SSSG decline driven by weak footfalls, supply chain disruptions due to Bangladesh import restrictions, and a 13% YoY revenue drop in the LFS channel amid partner-related challenges. Employee costs increased ~300bp YoY, reflecting a higher headcount from new store additions and annual salary increments.
Outlook
At 40x one-year forward EPS, the stock trades below its historical average. We reiterate our BUY rating with a TP of INR 988, based on 40x Sep’27E EPS.
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