Go Fashion Q3 net profit down 4 percent to Rs 23 crore | Maqvi News

Go Fashion (India) reported a 4 percent decline in net profit to Rs 23 crore ($2.8 million) for the October-December quarter, as against Rs 24 crore posted in the year-ago quarter.

The company’s revenue for the quarter rose by 15 percent to Rs 202 crore, as against Rs 178 crore posted in the corresponding quarter of the previous fiscal year.

Commenting on the results, Gautam Saraogi, CEO of Go Fashion in a statement said, “Over the recent months, the retail sector has experienced a slowdown attributed to subdued consumer demand. Nevertheless, despite these external challenges, the company has been able to sustain its upward growth path.”

“We aim to add 120 stores this year and aim to add over 150 stores in FY25. In our pursuit of enhancing the customer experience, we are actively investigating omnichannel strategies. These strategies harness technology to create a seamless connection between physical and online shopping experiences, thereby extending our outreach to consumers in different cities,” he added.

Go Fashion (India) is involved in the retailing of women’s bottom wear products under its brand, Go Colors.