Go Fashion (India) standalone net profit rises 9.02% in the June 2024 quarter

Upcoming results:Larsen and Turbo, Axis Bank, Aditya Birla Sun Life AMC, Bajaj Finserv, Bajaj Holdings, Bikaji Foods, CMS Info System, Craftsman Automation, DCB Bank, Federal Bank, Go Fashion, HFCL, Indian Energy Exchange, IGL, Jindal Steel and Power, JK Paper, KPIT Tech, Karnataka Bank, Mahindra Lifespace Developers, MAS Financial Services, Oracle Financial Services, Petronet, PG ELectroplast, Hitachi Energy, Ramkrishna Forgings, SBI Life Insurance, Sona BLW Precision Forging amd Syngene International.

Stock Alert: Bajaj Finance, Hindustan Unilever, Torrent Pharma, Schaeffler India, ICICI Securities,

Quick commerce platforms like Blinkit and Swiggy Instamart are in talks with leading apparel and shoe manufacturers like Arvind Fashions, Fabindia, Woodland, and Puma to sell their products to capitalize on the growing fashion business in India’s e-commerce industry. These startups aim to exploit the growing fashion business, which is currently the second-largest selling category in India’s e-commerce industry after electronics and smartphones.

Quick fashion on quick commerce? Instamart, Blinkit in talks with top apparel brands

Go Colors (GO) stores in Mumbai show strong potential for growth with expanding portfolio and improving demand trends.

Broker’s call: Go Fashion (Buy)

TCPL on Friday announced acquisition of 100% equity shares of Capital Foods for Rs 5,100 cr and Fabindia-backed Organic India for Rs 1,900 cr

Tata Consumer Products plans Rs 3,500-cr rights issue to fund acquisitions of Capital Foods, Organic India: Report

​​Company CEO Gautam Saraogi said, “I am pleased to communicate that during the year under review, the company was able to strengthen its brand. This provides our company with the optimism that the company’s fundamentals have strengthened and this should translate into attractive sustainable growth.…

Expect to sustain last year’s growth this financial year: Go Fashion

Tata Consumer Products and ITC Foods are among select companies that have initiated talks to acquire a significant stake in Fabindia-backed organic teas and health products maker Organic India, executives directly aware of the developments said. Tata Consumer or ITC could either buy Fabindia’s stake…

Tata Consumer, ITC among companies keen to buy into Fabindia-backed Organic India

This growth has come on the back of volume growth and consistently increasing the number of exclusive brand outlets (EBOs). In Q1 FY24, Go Fashion net added 25 new stores, despite the noticeable slowdown in the retail industry

Go Fashion spikes 5% on sparkling Q1 performance, new store additions

Fabindia and Dolomite partner to open Jamie Oliver’s Cafes in 10 cities across India. Rajeshwari Srinivasan, CEO of Fabindia, says the collaboration reflects Indian culinary traditions. Jasper Reid, CEO of Dolomite, is delighted to partner with Fabindia and serve more customers.

Fabindia, Dolomite Restaurants to set up Jamie Oliver-branded cafes

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

Peak XV Partners received 15x return on its investment in Go Fashion

French multinational financial services company Societe Generale, Kuwait’s sovereign fund Kuwait Investment Authority, ICICI Prudential Life Insurance, and BNP Paribas’ market fund bought some of the shares. Names of other buyers were not publicly available.

Sequoia exits Go Fashion, makes 15x gain

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Go Fashion (India) Ltd is an India-based clothing apparel company engaged in the development, design, sourcing, marketing and retailing a range of women's bottom-wear products under the brand, Go Colors.