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GOCOLORS Go Fashion (India) News Story

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Consumer CyclicalsAdventurousSmall CapFalling Star

India's Go Fashion drops on quarterly profit fall

** Shares of Go Fashion (India) GOFA.NS drop as much as 10.77%, its biggest intraday pct drop since January 24, 2022

** Stock last down 7.92% at 280.72 rupees

** Apparel and accessories retailer posts 60.5% y/y drop in March-quarter profit to 79.5 million rupees ($836,787.49)

** Quarterly revenue drops 4.3% y/y to 1.96 billion rupees

** GOFA rated "hold" on average by eight analysts, median PT 435 rupees - data compiled by LSEG

** YTD stock down 51.22%

($1 = 95.0062 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))

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