Go Fashion

Go Fashion (India) Ltd which owns the popular women's wear brand 'Go Colors' has drawn up plans to add 120-150 net new stores in FY25, a top official has said. The company added a total of 94 stores last financial year taking the overall count to 714, company CEO Gautam Saraogi said. Go Fashion was also exploring 'omnichannel strategies' leveraging technology to offer physical and online shopping experiences, expanding reach to consumers in various cities. Meanwhile, the city-based company reported a profit after tax of Rs 13.1 crore for the January-March 2024 quarter as compared to Rs 14.8 crore registered in the same period of last year. For the year ending March 31, 2024, the PAT remained unchanged at Rs 82.8 crore as compared to Rs 82.8 crore recorded during the same period of last year. "During FY24, our company achieved a growth of 15 per cent year-on-year in revenues to Rs 763 crore. EBITDA stood at Rs 242 crore witnessing a growth of 14 per cent year-on-year. Our PAT for FY

Total revenue, however, grew 15 per cent to Rs 181.70 crore, against Rs 157.60 crore in the corresponding quarter of the previous year

In November 2014, Peak XV Partners had acquired a 33.3 per cent stake in Go Fashion for Rs 60 crore

Venture capital company Sequoia Capital on Monday divested its entire 10.18 per cent stake in Go Fashion for Rs 625 crore through an open market transaction. US-based Sequoia Capital through its affiliate Sequoia Capital India Investments IV offloaded the shares in Go Fashion (India). Societe Generale, Kuwait Investment Authority Fund 223, ICICI Prudential Life Insurance Company and BNP Paribas Arbitrage were the buyers of the shares. Sequoia Capital India Investments IV sold 54,98,875 shares at an average price of Rs 1,136.10 apiece, taking the transaction value to Rs 624.72 crore, as per the bulk deal data available on the National Stock Exchange (NSE). As of the March quarter, Sequoia held nearly 55 lakh shares, equivalent to a 10.18 per cent stake in the Chennai-based firm. Go Fashion (India) was listed on BSE and NSE in November 2021, after it successfully launched Rs 1,013.6-crore initial public offering (IPO). On Monday, shares of Go Fashion (India) plunged 4.86 per cent t

According to reports, the Indian arm of US venture capital firm Sequoia Capital was planning to sell 10 per cent stake in Go Fashion (India) worth Rs 625 crore on Monday in block deals.

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The sale of the fashion retailers' shares would be conducted at a floor price of Rs 1,135 a share

Amid the recent market fall,11 stocks hit record highs. Whenever any stock exhibits reluctantance to weaken despite a pessimistic bias, it means the underlying trend possesses a robust momentum.

The stock hit a new high of Rs 1,373.90, and has nearly doubled against its issue price of Rs 690 per share

The company, which owns approximately eight per cent in the branded women's bottom-wear market, declared its financial results with profit after tax for the April-June quarter at Rs 24.4 crore

India Advantage Fund S4 I on Thursday offloaded 18.11 lakh shares of Go Fashion (India) Ltd, which owns women's clothing brand Go Colors, for Rs 190 crore through an open market transaction.

Castrol, Indian Bank, Nalco, PolicyBazaar, Tarsons Products, Tube Investments of India, TVS Motor and Union Bank of India are some of the prominent companies to announce result today.

Latent View Analytics, Go Fashion, Chemplast Sanmar, Macrotech Developers (Lodha), CMS Info Systems, Sona BLW Precision Forgings and Devyani International slipped between 8% and 10%.

The stock of the company, which owns women's wear brand Go Colors, slipped 8 per cent to Rs 1,051.25 on the BSE in Friday's intra-day trade

The broader markets outperformed, the BSE Midcap and Smallcap indices were up 0.3 per cent and 0.8 per cent, respectively

On November 30, 2021, Nomura India Investment Fund Mother Fund and Nomura Funds Ireland have collectively purchased 1 million shares of Go Fashion at price of Rs 1,277.97 per share

Shares touch a high of Rs 1,341 over offer price of Rs 690 before settling at Rs 1,253

The broader markets outperformed and managed to end with gains despite the selling pressure in frontline stocks. Debutant Go Fashion ended with a spectacular 81 per cent gain

Post listing the stock hit a high of Rs 1,341 and a low of Rs 1,215 on the BSE

Go Fashion India will make its debut on the brouses today, while Star Health IPO opens for subscription in the primary segment