According to a company spokesman on Thursday, Go Fashion NSE -1.19% (India) Ltd, which owns the womenswear brand Go Colors, was moving forward with its aim to expand its footprint globally by opening 120–130 stores annually. The business, which has 8% of the branded women’s bottom-wear market, reported financial results with a profit after tax for the quarter ending in April-June of Rs 24.4 crore.
Throughout the same quarter the year before, the company had declared a net loss of Rs 19 crore, blaming the dip to the COVID-19-related lock-down that had been imposed in the nation. According to a corporate release, the profit after tax for the fiscal year ended March 31, 2022, was Rs 35.6 crore.
From Rs 31 crore in the same quarter last year, the total income for the reviewed quarter increased to Rs 165.2 crore. The overall revenue was Rs 401.3 crore for the fiscal year that ended March 31, 2022.
Regarding the financial results, Go Fashion (India) Ltd. CEO GautamSaraogi stated, “We have started FY23 with a very solid performance in the first quarter. Our earnings were Rs 165 crore, the greatest quarterly earnings at Go Fashion. EBITDA and PAT were respectivelyRs. 53 crore and Rs. 24 crore. We keep funding brand-building projects that will increase our visibility.