GO FASHION INDIA LTD

Speciality retailer of women's bottom-wear — leggings, trousers, palazzos, joggers, jeggings and athleisure — sold mainly through company-owned exclusive brand outlets (EBOs) and large format stores (LFS), with a new 'Daily Wear' sub-brand and a first international store opened in the Middle East during FY26. Around 70% of FY26 revenue came from non-leggings value-added bottom-wear, the result of a deliberate portfolio shift away from core leggings. Operates a network of roughly 800 physical stores; the current strategy is closing small stores in overlapping catchments and replacing them with larger EBOs that can display the wider SKU range. FY26 revenue was ₹838 cr with a 63.2% gross margin. The cost shape is dominated by employee costs (21.2% of revenue) and materials (28.5%), with depreciation at 16.1% and capex at just 4.7% of revenue. FY26 same-store sales growth was around -3.5%, with management targeting positive SSSG by FY27 end as around 50 small stores close in Q1 FY27 and the larger-format stores drive recovery.