India's Go Fashion slips after quarterly profit declines

Go Fashion (India)

31/07/2026 08:45

** Shares of Go Fashion (India) GOFA.NS fall 4.3% to 328.30 rupees
** Co, known for its apparel brand Go Colours, reports 25.9% Y/Y fall in June-quarter PAT to 164.9 million rupees ($1.73 million)
** Revenue from operations remains flat in the quarter
** Motilal Oswal reiterates "buy" rating and PT at 450 rupees; says higher raw material costs could weigh on gross margins in the near term
** Stock rated "buy" on average by 8 analysts; median PT is 373 rupees - LSEG compiled data
** Stock down 28.9% YTD

($1 = 95.4050 Indian rupees)

 (Reporting by Payel Das in Bengaluru)
 ((Payel.das@thomsonreuters.com))