Go Fashion India records 54% growth in net profit in Q4, FY24
Go Fashion India recorded a 54 per cent rise in net profit to Rs 20 crore during Q4, FY24. The parent company of leading women’s bottom wear brand ‘Go Colors’ had registered net profit of Rs 13 crore in corresponding quarter a year ago.
The company’s revenue grew by 13 per cent to Rs 205 crore during the quarter as against Rs 182 crore in the corresponding quarter of the previous fiscal year.
For full financial year, Go Fashion’s revenue increased to Rs 848 crore while net profit grew to Rs 94 crore.
Gautam Saraogi, CEO, Go Fashion, states, the company’s performance is in line with its efforts to improve business efficiency and implement strong cost control measures.
Go Fashion India makes continuous investments in technology and product innovation that help it stay ahead of industry trends. With the industry set to recover in coming months, the company is well-positioned to deliver stronger performance in the next few years, he adds.
The company boosted its total store count to 776 stores by opening 62 new stores In FY 2025,
