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Buy Go Fashion Ltd For Target Rs. 1,220 By JM Financial Services Go Fashion June-Q operating performance was better than our expectation. Revenue performance was inline but resilient in current challenging market context – primarily driven by store additions in EBOs and strong performance in LFS channel. SSSG was flat (+0.2%) for EBOs due to sluggish demand, but relatively better vs peers who have reported so far (Shoppers Stop saw SSS decline of c.5-6% in 1Q). However, initial signs of recovery were visible with some improvement seen in June/July; m...
Buy Go Fashion Ltd For Target Rs. 1,220 By JM Financial Services
Buy Go Fashion Ltd For Target Rs. 1,220 By JM Financial Services
Source: JM Financial Services
2024-08-01 11:08:25 am
BUY Go Fashion Ltd. For Target Rs. 1,300- Emkay Global Financial Services Weak trends, but outperformance endures; maintain BUY GO’s Q4 print was weak, albeit results were largely in line and outperformance (vs. peers) continued with 15% topline growth. SSG was low at +1%/0% in Q4/FY24 and GO is targeting 2-3% SSG for Q1. Given the muted macros, FY24 has been a year of WC optimization, as GO generated Rs1.1bn operating cash vs. cash-breakeven in FY23, which addresses a key concern. Encouragingly, the benefit of RM moderation also percolated with ~100bps GM...
BUY Go Fashion Ltd. For Target Rs. 1,300- Emkay Global Financial Services
BUY Go Fashion Ltd. For Target Rs. 1,300- Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-06-27 12:34:05 pm
Buy Go Fashion Ltd For Target Rs.1,285 - JM Financial Services Go Fashion’s 9MFY24 performance has been below expectation, especially on the SSSG front, which, we believe, is more a function of the weak macro environment. Having said that, the decline in SSSG has been arrested and the company has outperformed peers in the fashion retail segment. Moreover, Go Fashion continues to sharpen its focus on areas that are under its control – for eg: store expansion, new product launches and strengthening the balance sheet. While the company is beefin...
Buy Go Fashion Ltd For Target Rs.1,285 - JM Financial Services
Buy Go Fashion Ltd For Target Rs.1,285 - JM Financial Services
Source: JM Financial Services
2024-05-25 09:55:43 am
Buy Go Fashion (India) For Target Rs.1,385 - JM Financial Institutional Securities Ltd Due to challenging market dynamics in the Fashion retail segment, SSSG and sales per store have moderated over the past few quarters across players, especially in the value segment. Our checks suggest that demand for bottom-wear was tepid in 2QFY24E, like it was in 1QFY24. To that extent, we expect SSSG growth to be in low-single digit in 2QFY24E, lower vs. earlier expectation of mid-single digit growth. However, on relative basis, overall revenue trajectory is still likely to be ahead o...
Buy Go Fashion (India) For Target Rs.1,385 - JM Financial Institutional Securities Ltd
Buy Go Fashion (India) For Target Rs.1,385 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
2023-10-06 04:02:57 pm