Go Fashion (India) Ltd Q2 FY26 Results

During Q2 FY26 Revenue stood at Rs. 224 crores a growth of 7%. EBITDA stood at Rs. 67 crores and witnessed a growth of 5%. PAT stood at Rs. 22 crores and witnessed a growth of 6%. We are seeing encouraging signs of recovery, which have extended well into the festive season. The response during the festive period has been positive across key markets, reflecting an improvement in consumer sentiment. The GST cuts aimed at stimulating consumption are also supporting a broader revival in demand. We are currently working on refreshing our product portfolio with new bottom wear styles and category extensions that align with the evolving preferences of our customers. Several exciting product launches are planned over H2 FY26 which is expected to further enhance the freshness, appeal, and relevance of our collections. We also continue to maintain a strong and efficient balance sheet, with inventory levels at 99 days and a clear focus on sustaining a healthy cash conversion, targeting around 50% OCF-to-EBITDA. Our new initiatives, including our international foray and our new daily concept store are witnessing encouraging early traction, and we are excited to see how these unfold over the coming quarters. During the first half of FY26, we added 36 new stores on a net basis, taking our total store count to 812. We followed a selective and measured approach to expansion, focusing on high-potential locations aligned with evolving demand trends. While the pace of expansion in H1 was moderated, we expect H2 to remain measured as well. In FY26, we plan to open around 80 to 90 stores on a net basis. Our approach to store expansion remains disciplined—prioritizing profitability, catchment quality, and brand salience. Our strategy continues to center around positioning Go Fashion as the one-stop destination for women’s bottom-wear—catering to a wide spectrum of age groups and style preferences, from everyday essentials to occasion wear.