Buy Go Fashion India; target of Rs 1490: Anand Rathi
Mon, Oct 28, 2024 3:33 PM

Buy Go Fashion India; target of Rs 1490: Anand Rathi

A Flip by Shubhangi Gupta
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Go Fashion's Q2 revenue grew 10.4% y/y, driven by a 0.5% same-store sales growth and a 240bps y/y improvement in gross margin, leading to a 53bp y/y EBITDA margin expansion. The company is optimizing its store network and expects 15-20% y/y revenue growth in Q3. Anand Rathi retains its Buy rating with a target price of Rs1,490.

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