Research ReportsGo Fashion Gets Motilal Oswal 'Buy' Initiation, Sees 31% Upside — Here's Why
ADVERTISEMENT
Go Fashion Gets Motilal Oswal 'Buy' Initiation, Sees 31% Upside — Here's Why
Motilal Oswal initiate coverage on Go Colors with a Buy rating, as its sees the company is well-positioned to leverage its leadership in
the women’s bottom-wear segment and D2C model.
Following the recent correction, Go Colors currently trades at 34x FY27E EPS.
(Source: Company's official FB page)
During FY19-25, Go Colors delivered a healthy revenue/Pre-IND-Ebitda/ PAT CAGR of 20%/19%/20%, underpinned by its Exclusive brand outlet-led expansion strategy. EBOs, contributing ~73% of revenue, posted a 22% CAGR, which was supported by a 15% CAGR in store additions.