Transcript of Earnings Call - Q4 FY2026
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Go Fashion (India) Limited reported Q4 FY26 revenue of INR196 crore with EBITDA margin of 25.3% and PAT of INR8 crore. For full year FY26, revenue stood at INR838 crore with EBITDA margin of 28.3% and PAT of INR59 crore. The company is undergoing a strategic store network transformation, having closed 50+ stores in FY26 and planning to close another 50 small stores in Q1 FY27, while shifting focus to larger EBO stores of 700+ sq ft. The company reported negative same-store sales growth (SSS) of approximately 3-3.5% in FY26, though 275 stores (predominantly larger stores of 300+ sq ft) delivered positive SSS averaging 10-11%. The management targets positive full-year SSS by end of FY27 and expects EBITDA margins to improve from Q2 FY27 onwards after store consolidation is complete, with INR25+ crore in cost savings. The Daily Wear concept currently operates 10 stores with plans to expand to 25-30 stores by FY27 end. Gross margin guidance maintained at 62.5-63.5%.
The company is in a transition phase with store network optimization aimed at improving long-term profitability. Management expects SSS to turn positive by FY27 end as smaller stores are consolidated into larger format stores with better product display. EBITDA margins are expected to recover from Q2 FY27 as store closure costs reduce.