Go Fashion Q4 Review - On The Right Track, The Repeatability ‘Template’ Is Intact: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.We liked Go Fashion India Ltd.'s intent to-drive investments (on tech., advertising and promotion (maybe a slight increase), building another (small) warehouse to drive efficiencies) and not be complacent,comfort on margins (price increases taken),continued thrust on exclusive brand outlet store addition (intent is to add 120-130 stores each year going forward), andactive (raw material) inventory management given the challenges. Q4 print was good both in terms of revenue (excluding of the disruption in January) and margins (some cut in discretionary spends helped). We believe the brand has been able to create a replicable template of diverse product portfolio along with a highly efficient operating model of EBOs. Further, Go Fashion's continued success in the new products outside of core products (churidars and leggings) is key for de-risking growth opportunities and scaling up e-commerce business..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Go Fashion Q4 Review - On The Right Track, The Repeatability ‘Template’ Is Intact: ICICI Securities

Go Fashion Q4 Review - On The Right Track, The Repeatability ‘Template’ Is Intact: ICICI Securities

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