Go Fashion Q3 net profit rises 33 percent to Rs 24 crore
Go Fashion India Ltd, which owns the brand Go Colors, witnessed a 33 percent rise in net profit to Rs 24 crore ($3.3 million) for the quarter ended December 31, 2021, as against Rs 18 crore for the corresponding quarter previous year.
The company’s revenue for the quarter rose by 47 percent to Rs 142 crore, as against Rs 97 crore it posted in the year-ago period.
Commenting on the Q3 results, Gautam Saraogi, CEO of Go Fashion (India) Limited in a statement said, “In challenging times, our company has recorded strong operational growth. For the quarter gone by, our revenues have increased by 47 percent to Rs 142 crore. EBITDA has increased by 72 percent to Rs 52 crore.”
“We continue to expand and strengthen our bottom wear portfolio by launching new products across ethnic, western, fusion, loungewear, work-from-home collection & athleisure. During FY22, the company has added 27 exclusive brand outlets (EBO) taking the total to 476 EBO stores and also introduced 11 new products to the portfolio,” he added.
Go Fashion is one of the largest women’s clothing brands in India and its brand Go Colors specialises in women’s bottom wear including leggings and trousers in a wide variety of colours.
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