Same-Store Sales Growth (SSG)
-3%
-3pp YoY
Q4 FY26 SSG was negative ~3%; management targets positive SSG by end of FY27.
GOFASHION
Consumer
13 May 2026
Go Fashion Ltd — Q4 FY26
Go Fashion reported Q4 FY26 revenue of ₹196 crore and EBITDA of ₹50 crore (23.3% margin), with PAT at ₹8 crore.
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
Go Fashion reported Q4 FY26 revenue of ₹196 crore and EBITDA of ₹50 crore (23.3% margin), with PAT at ₹8 crore. Full-year revenue was ₹838 crore with EBITDA margin of 28.3% and PAT of ₹59 crore. The company is undergoing a strategic shift to larger stores (700+ sq ft) to improve product discovery, closing ~100 small stores in H1 FY27. Same-store sales growth (SSG) was negative ~3% in Q4, but management targets positive SSG by end of FY27. A brand ambassador will be announced in June 2026. The daily-wear concept pilot (10 stores) shows healthy unit economics, with plans to expand to 25-30 stores by FY27-end. LFS channel disruption (45-day halt with a key partner) impacted Q3, but recovery is underway (Q4 LFS decline improved to -7% adjusted). Key risk: SSG recovery may be slower than expected if revenue from closed stores does not migrate quickly to larger stores.
Key Numbers
Stores with Positive SSG
275
N/A
Out of ~800 stores, 275 delivered positive SSG in Q4, averaging 10-11% growth.
Average Selling Price (ASP)
₹800-811
+9% YoY
ASP increased due to premiumization; management aims to keep ASP sub-₹1,000.
LFS Channel Revenue Decline (Adjusted)
-7%
+23pp QoQ
Adjusted for a ₹5 crore credit note, LFS decline improved from -30% in Q3 to -7% in Q4.
Management Guidance
Positive SSG by end of FY27
Management targets turning same-store sales growth positive by the end of FY27, driven by larger stores, new products, and brand ambassador.
Management guidance growth10-12 new bottomwear products in FY27
The company plans to launch 10-12 new refreshing bottomwear products, including all-day pants and cloud pants.
Management guidance growthDaily-wear concept to 25-30 stores by FY27-end
The daily-wear concept pilot (10 stores as of March 2026) will expand to 25-30 stores by end of FY27.
Management guidance expansionGross margin to remain at 62.5-63.5%
Management expects gross margins to stay in the 62.5-63.5% range in FY27, similar to FY26 levels.
Management guidance marginsKey Risks
SSG recovery may be slower than expected
Revenue from closed small stores may not migrate quickly to larger stores, delaying positive SSG.
high · analyst_questionInventory build-up from daily-wear pilot
Inventory days have increased due to the daily-wear pilot and revenue softness; management expects normalization in FY27.
medium · management_commentaryLFS channel structural challenges
LFS channel faces footfall recovery and secondary sales velocity issues; recovery may be uneven.
medium · management_commentaryPremiumization may alienate core value-conscious customers
ASP increase and shift to higher-priced products could reduce volume and customer base if not managed carefully.
medium · analyst_questionNotable Quotes
The bottomware industry has undergone a transformation and go colors has consistently evolved alongside these changes.
Our store expansion strategy will continue to remain calibrated and selective with a clear focus on entering high potential locations predominantly tier 2 and tier three cities.
We are committed to turning SSG positive and ending FY27 with a positive same store sales growth.
Frequently Asked Questions
What was Go Fashion's revenue in Q4 FY26?
Go Fashion reported revenue of ₹196 Cr in Q4 FY26, representing a — change compared to the same quarter last year.
What guidance did Go Fashion management give for FY27?
Positive SSG by end of FY27: Management targets turning same-store sales growth positive by the end of FY27, driven by larger stores, new products, and brand ambassador. 10-12 new bottomwear products in FY27: The company plans to launch 10-12 new refreshing bottomwear products, including all-day pants and cloud pants. Daily-wear concept to 25-30 stores by FY27-end: The daily-wear concept pilot (10 stores as of March 2026) will expand to 25-30 stores by end of FY27. Gross margin to remain at 62.5-63.5%: Management expects gross margins to stay in the 62.5-63.5% range in FY27, similar to FY26 levels.
What are the key risks for Go Fashion in FY27?
Key risks include SSG recovery may be slower than expected — Revenue from closed small stores may not migrate quickly to larger stores, delaying positive SSG.; Inventory build-up from daily-wear pilot — Inventory days have increased due to the daily-wear pilot and revenue softness; management expects normalization in FY27.; LFS channel structural challenges — LFS channel faces footfall recovery and secondary sales velocity issues; recovery may be uneven.; Premiumization may alienate core value-conscious customers — ASP increase and shift to higher-priced products could reduce volume and customer base if not managed carefully..
Did Go Fashion meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Go Fashion Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.