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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Exclusive Brand Outlets (EBOs), Large Format Stores (LFS), Daily Wear concept, International. Asset-light speciality retail (capex only 4.7% of revenue) focused on women's bottom-wear
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 401 | 665 | 763 | 848 | 838 |
| EBITDA (ex other income) | 119 | 212 | 242 | 268 | 237 |
| margin % | 29.7 | 31.9 | 31.8 | 31.6 | 28.3 |
| Owners' profit | 36 | 83 | 83 | 93 | 59 |
| EPS, as reported (₹) | 6.74 | 15.33 | 15.32 | 17.31 | 10.97 |
| ROE % · ROCE % | 8.1 · 11.5 | 15.9 · 17.1 | 13.7 · 14.9 | 13.4 · 15.1 | 8.6 · 11.5 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 33 | 104 | 219 | 199 | 165 |
| Capex | (20) | (35) | (43) | (40) | (39) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 209 | 215 | 205 | 223 | 224 | 195 | 196 | 223 |
| Profit before tax | 28 | 32 | 25 | 30 | 29 | 10 | 10 | 22 |
| Net profit | 21 | 24 | 20 | 22 | 22 | 7 | 8 | 16 |
| EPS (₹) | 3.83 | 4.50 | 3.68 | 4.12 | 4.04 | 1.33 | 1.48 | 3.14 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TRENT LTD | 1,49,424 | 60.9 | 21.02 | 39.8 | 24.2 | 26.2 | 50.6 | 20.1 |
| LENSKART SOLUTIONS LTD | 1,18,565 | 178.0 | 13.39 | 61.6 | 5.7 | 5.8 | — | 24.2 |
| VEDANT FASHIONS LIMITED | 14,190 | 35.2 | 9.29 | 19.5 | 8.5 | 8.4 | — | 52.7 |
| ADITYA BIRLA LIFES BRAN L | 10,194 | 57.6 | 7.22 | 7.9 | 12.1 | 5.0 | — | 16.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Go Fashion AGM 2026: All resolutions passed with over 99% approval | compliance | minimal | — | — |
| 8 Sept 2026 · Go Fashion 16th AGM held on Sept 8, 2026; all resolutions passed | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Intimation of 16th AGM and FY26 annual report access for shareholders | compliance | minimal | — | — |
| 19 Aug 2026 · Go Fashion files newspaper publication of 16th AGM Notice | compliance | minimal | — | — |
| 19 Aug 2026 · Promoter Rahul Saraogi pledges 16.25 lakh shares for personal borrowing | ownership changes | high | — | — |
| 17 Aug 2026 · Go Fashion India 16th AGM on Sep 8, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Go Fashion submits BRSR for FY 2025-26 with Annual Report | general | low | — | — |
| 17 Aug 2026 · Go Colors FY26 Annual Report filed; 16th AGM set for September 8, 2026 | board shareholder meetings | medium | — | — |
| 17 Aug 2026 · Book closure Sep 2 to Sep 8, 2026 for 16th AGM | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Book Closure for 16th AGM from Sep 2 to Sep 8, 2026 | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| ADITYA VISION LIMITED |
| 7,991 |
| 57.4 |
| 11.61 |
| — |
| 17.0 |
| 17.4 |
| — |
| 10.6 |
| V2 RETAIL LIMITED | 7,947 | 5.1 | 8.81 | 16.6 | 18.0 | 14.2 | 41.6 | 14.1 |
| ADITYA BIRLA FASHION & RT | 6,164 | — | 0.98 | 8.4 | (13.3) | (7.1) | 9.3 | 8.5 |
| ARVIND FASHIONS LIMITED | 5,946 | 49.5 | 5.12 | 8.9 | 15.8 | 12.9 | 19.1 | 13.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 32.8 | 21.9 | 12 of 19 | 39% |
| P/B | 2.5 | 4.3 | 6 of 14 | 62% |
| ROCE | 7.0 | 10.0 | 13 of 20 | 37% |
| ROE | 8.6 | 11.7 | 9 of 14 | 39% |
| Debt / Equity | 0.0 | 0.1 | 1 of 14 | 92% |
| EBITDA margin | 31.1 | 15.7 | 3 of 14 | 85% |
| Revenue growth | 0.0 | 16.6 | 14 of 16 | 13% |
| Profit growth | (25.9) | 20.6 | 12 of 13 | 8% |
| Market cap | 1725 | 845 | 9 of 20 | 58% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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