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Published
May 9, 2022
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Go Colors' operator Go Fashion sees net profit increase 72.75% in FY22 Q4

Published
May 9, 2022

Apparel brand Go Colors' operator Go Fashion reported a 72.75% year-on-year net profit increase for the fourth quarter of the 2022 financial year with a total of Rs 12.3 crore, due to augmented cost efficiency practices. 

Go Colors specialises in colourful bottoms - Go Colors- Facebook


Go Fashion’s net profit had totalled Rs 7.12 crore in the fourth quarter of the 2021 financial year. The business’ operational revenue increased by 29.41% in the fourth quarter to total Rs 116.24 crore, compared to Rs 89.82 crore in the same quarter a year ago, according to regulatory filings by the business, accessed by the Press Trust of India. 
 
“With increased cost efficiencies, EBITDA [earnings before interest, taxes, depreciation, and amortisation] and profit after tax have increased by 53% and 73%, respectively, to Rs 38 crore and Rs 12 crore for the quarter,” said Go Fashion’s CEO Gautam Saraogi, the Press Trust of India reported. “Our SSSG [same-store sales growth] is 17% for the quarter and 31% for the second half of the year.”

Go Fashion’s fashion brand Go Colors specialises in women’s bottom wear including leggings and palazzo pants. The brand added 54 new exclusive-brand outlets in the 2022 financial year as it crossed its 500 store milestone in the fourth quarter. The business plans to continue its brick-and-mortar expansion in the 2023 financial year. 

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