Shares of Go Fashion slid 6.2% after the company revealed a 59% YoY drop in Q2 net profit to ₹9 crore.
Revenue fell 3% to ₹217.6 crore versus ₹224 crore a year earlier, and EBITDA contracted 21% to ₹53 crore, bringing the EBITDA margin down from 29.8% to 24.2%.
An exceptional write‑off of ₹3.4 crore was recorded this quarter, linked to capital‑expenditure losses from store closures that were part of the network optimisation strategy.
CEO Gautam Saraogi said the shift of major festivals into the third quarter moved bulk dispatches to large‑format partners to October, dampening Q2 revenue while the exclusive brand outlet channel kept growing.
Gross margin eased to 60.8% as fabric costs rose due to geopolitical pressures; the company plans to offset inflation through calibrated price adjustments expected to lift margins in the coming quarters.
Go Fashion reiterated its FY27 priorities—same‑store sales growth, expansion into larger‑format stores, refreshed product ranges, and scaling of daily wear and international initiatives—stating confidence that these efforts will strengthen performance across the year.