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Go Fashion Q1 FY25 Results: PAT Up 9% to Rs 29 Cr
Go Fashion (India) reports Q1 FY25 PAT up 9% to Rs 28.7 crores with a PAT margin of 13.02% and plans for significant expansion.
by Damodharan N
Updated Jul 25, 2024
Table of Content
Go Fashion (India), a leading women’s bottom-wear brand in India with its 'Go Colors' range, has announced its unaudited financial results for the quarter ending June 30, 2024.
The company reported a Profit After Tax (PAT) of Rs. 28.7 crores, reflecting a 9% increase from Rs. 26.3 crores in Q1 FY24. The PAT margin slightly decreased from 13.8% in the previous year to 13.02% in the current quarter.
And it also increased a 16% year-on-year increase in revenue, reaching Rs. 220 crores. Gross profit for the quarter stood at Rs. 136 crores, up by 17%, while EBITDA rose by 12% to Rs. 72 crores. The Profit After Tax (PAT) increased by 9%, totaling Rs. 29 crores for the Q1 FY25.
Mr. Gautam Saraogi, CEO of Go Fashion (India) Limited, commented, “Despite facing industry-level challenges, we started the year on a strong note with a 16% revenue growth. Our ability to achieve a 9% increase in PAT demonstrates our products' resilience and our strategies' effectiveness.
Our inventory management has improved significantly, and we are pleased with the positive movement in same-store sales growth.” He added, “Our continued expansion with new stores by adding 20 new stores, bringing the total to 734.
They aim to open 120 to 150 new stores during FY25 and will soon launch their first store in the Middle East through a partnership with the Apparel Group. We are confident that these initiatives will help us strengthen our market position and deliver sustained value to our shareholders.”
Source: Here
Go Fashion Q1 FY25 Results
Go Fashion (India) Limited, a prominent name in women's bottom-wear in India, has announced its financial and business updates for Q1 FY25.
In terms of business operations, the average selling price for Q1 FY25 stood at ₹777. The sales mix comprised 69.4% from exclusive brand outlets (EBOs), 25.6% from large format stores (LFS), 3.2% from online sales, and 1.9% from multi-brand outlets (MBOs) and others.
Same Store Sales Growth (SSSG) for EBOs was stable at +0.2%, while Same Cluster Sales Growth (SCSG) for EBOs was 8.3%, showing robust growth compared to Q1 FY24. Full price sales were strong at 97%. The company expanded its footprint by adding 20 new EBOs during the quarter, bringing the total to 734 stores as of June 30, 2024.
On the working capital front, the days stood at 113, down from 124 days as of March 31, 2024. Inventory days were reduced to 87, a decrease of 17 days. Cash Flow from Operations (OCF) post IND-AS 116 was ₹62 crore, compared to ₹49 crore in the previous year, while pre IND-AS 116 OCF increased to ₹32 crore from ₹25 crore.
Return on Capital Employed (RoCE) was 24.2%, and Return on Equity (RoE) was 19.0%. Cash and cash equivalents stood at ₹220 crore.
|
Particulars |
Q1 FY25 |
Q1 FY24 |
Y-o-Y |
|
Total Revenue |
220.1 |
190.1 |
16% |
|
Gross Profit |
136.0 |
116.6 |
17% |
|
Gross Profit Margin |
61.8% |
61.3% |
- |
|
EBITDA |
72.1 |
64.2 |
12% |
|
EBITDA Margin |
32.8% |
33.8% |
- |
|
Profit Before Tax |
37.4 |
34.8 |
8% |
|
PAT |
28.7 |
26.3 |
9% |
|
PAT Margin |
13.02% |
13.8% |
- |
Go Fashion (India)
Go Fashion (India) Limited is a leading women's bottom-wear brand in India, holding an 8% market share in the branded segment. Known for its brand "Go Colors," the company specializes in a wide range of premium-quality, competitively priced products, including churidars, leggings, palazzos, and more.
It offers a diverse product portfolio catering to ethnic, western, fusion, and casual wear, with prices ranging from ₹249 to ₹1,599. As the first brand dedicated solely to women's bottom-wear, Go Fashion has successfully created a direct-to-consumer model with a focus on quality and variety for every occasion.
Go Fashion Q1 FY25 Results: PAT Up 9% to Rs 29 Cr - FAQs
1. What is the PAT for Q1 FY25?
The Profit After Tax (PAT) for Q1 FY25 is ₹28.7 crores.
2. How did PAT for Q1 FY25 compare to Q1 FY24?
PAT increased by 9% from ₹26.3 crores in Q1 FY24 to ₹28.7 crores in Q1 FY25.
3. What was the PAT margin for Q1 FY25?
The PAT margin for Q1 FY25 was 13.02%.
4. What was the PAT margin for Q1 FY24?
The PAT margin in Q1 FY24 was 13.8%.
5. What is the total revenue for Q1 FY25?
The total revenue for Q1 FY25 was ₹220.1 crores.
6. What is the revenue growth compared to Q1 FY24?
Revenue grew by 16% from ₹190.1 crores in Q1 FY24 to ₹220.1 crores in Q1 FY25.
7. What is the gross profit for Q1 FY25?
The gross profit for Q1 FY25 was ₹136.0 crores.
8. How much did gross profit increase from Q1 FY24?
Gross profit increased by 17% from ₹116.6 crores in Q1 FY24 to ₹136.0 crores in Q1 FY25.
9. What is the gross profit margin for Q1 FY25?
The gross profit margin for Q1 FY25 was 61.8%.
10. What was the gross profit margin in Q1 FY24?
The gross profit margin in Q1 FY24 was 61.3%.
11. What is the EBITDA for Q1 FY25?
The EBITDA for Q1 FY25 was ₹72.1 crores.
12. How much did EBITDA increase from Q1 FY24?
EBITDA increased by 12% from ₹64.2 crores in Q1 FY24 to ₹72.1 crores in Q1 FY25.
13. What is the EBITDA margin for Q1 FY25?
The EBITDA margin for Q1 FY25 was 32.8%.
14. What was the EBITDA margin in Q1 FY24?
The EBITDA margin in Q1 FY24 was 33.8%.
15. What is the profit before tax (PBT) for Q1 FY25?
The profit before tax (PBT) for Q1 FY25 was ₹37.4 crores.
16. How much did PBT increase from Q1 FY24?
PBT increased by 8% from ₹34.8 crores in Q1 FY24 to ₹37.4 crores in Q1 FY25.
17. What is the average selling price for Q1 FY25?
The average selling price for Q1 FY25 was ₹777.
18. What percentage of sales came from exclusive brand outlets (EBOs) in Q1 FY25?
69.4% of sales in Q1 FY25 came from exclusive brand outlets (EBOs).
19. What is the same-store sales growth (SSSG) for EBOs in Q1 FY25?
The same-store sales growth (SSSG) for EBOs was stable at +0.2% in Q1 FY25.
20. What is the same-cluster sales growth (SCSG) for EBOs in Q1 FY25?
The same-cluster sales growth (SCSG) for EBOs was 8.3% in Q1 FY25.
21. What is the percentage of full price sales in Q1 FY25?
Full price sales accounted for 97% of sales in Q1 FY25.
22. How many new EBOs were added in Q1 FY25?
The company added 20 new EBOs in Q1 FY25.
23. What is the total number of EBOs as of June 30, 2024?
The total number of EBOs as of June 30, 2024, was 734 stores.
24. What is the working capital days as of June 30, 2024?
The working capital days as of June 30, 2024, were 113 days.
25. How did working capital days change from March 31, 2024?
Working capital days decreased from 124 days as of March 31, 2024.
26. What are the inventory days as of June 30, 2024?
Inventory days as of June 30, 2024, were 87 days.
27. How much did inventory days decrease from March 2024?
Inventory days decreased by 17 days from March 2024.
28. What is the operating cash flow (OCF) post IND-AS 116 for Q1 FY25?
The operating cash flow (OCF) post IND-AS 116 for Q1 FY25 was ₹62 crores.
29. What is the OCF pre IND-AS 116 for Q1 FY25?
The operating cash flow (OCF) pre IND-AS 116 for Q1 FY25 was ₹32 crores.
30. What was the OCF pre IND-AS 116 for Q1 FY24?
The OCF pre IND-AS 116 for Q1 FY24 was ₹25 crores.