Go Fashion profit falls 26% as it consolidates smaller stores into larger EBOs
Go Fashion reported net profit of ₹16.4 crore, down 26% year on year, after a roughly ₹6.5 crore one-time PPE write-off tied to store closures. The retailer shut 60–65 stores and opened 14 in Q1 FY27 while shifting smaller outlets into 700–800 sq ft large-format EBOs.
Go Fashion reported a 26% YoY profit decline to ₹16.4 crore amid ₹6.5 crore store-closure write-offs. It is consolidating small outlets into larger EBOs, closed 60-65 stores in Q1 FY27, and recorded positive 0.6% same-store sales growth.
Why this matters
The profit decline follows Go Fashion’s recent clarification on a BSE query about price-volume movement, adding store-network restructuring costs to its operating performance picture.
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