Archive · 30 Jul 2026
Go Fashion Q1FY27 Profit Falls 26% Amid Store Closures
Go Fashion is a fashion retailer based in Chennai, India.
In the first quarter of its 2027 fiscal year, it earned 16.4 crore rupees, which is 26% less than the same period last year.
The company made a one‑time loss of 6.5 crore rupees because it closed many small stores.
It is now opening bigger stores and closing some more, hoping to grow better.
Its shares went up 7% on the stock market after the results were announced.
Net profit fell 26% YoY to ₹16.4 crore for Q1FY27.
Revenue rose modestly to ₹231 crore, up from ₹228 crore.
One‑time write‑off of ₹6.5 crore for store closures impacted results.
Company is consolidating 60‑65 small outlets into larger 700‑800 sqft stores.
Shares closed at ₹346, up 7.12% on NSE.
- Who
- Go Fashion (India) and CEO Gautam Saraogi
- What
- Q1FY27 financial results and store consolidation strategy
- When
- Quarter ended March 2026, reported July 30 2026
- Where
- Chennai, India
- Why
- Store closures and consolidation to improve profitability
- Net profit
- ₹16.4 crore
- Revenue
- ₹231 crore
- Write‑off
- ₹6.5 crore
- Store closures
- 60‑65 small outlets
- Share price
- ₹346.00 (up 7.12%)