Go Fashion (India) Limited (NSE:GOCOLORS) Yearly Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Go Fashion (India) Limited (NSE:GOCOLORS) just released its latest full-year results and things are looking bullish. The company beat expectations with revenues of ₹8.7b arriving 2.8% ahead of forecasts. Statutory earnings per share (EPS) were ₹17.31, 2.6% ahead of estimates. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Go Fashion (India) after the latest results.

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Taking into account the latest results, the most recent consensus for Go Fashion (India) from eight analysts is for revenues of ₹9.54b in 2026. If met, it would imply a notable 9.2% increase on its revenue over the past 12 months. Per-share earnings are expected to swell 16% to ₹20.15. Before this earnings report, the analysts had been forecasting revenues of ₹9.93b and earnings per share (EPS) of ₹21.74 in 2026. The analysts are less bullish than they were before these results, given the reduced revenue forecasts and the minor downgrade to earnings per share expectations.

See our latest analysis for Go Fashion (India)

Despite the cuts to forecast earnings, there was no real change to the ₹1,050 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Go Fashion (India) analyst has a price target of ₹1,317 per share, while the most pessimistic values it at ₹770. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Go Fashion (India)'s revenue growth is expected to slow, with the forecast 9.2% annualised growth rate until the end of 2026 being well below the historical 22% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 21% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Go Fashion (India).

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. On the negative side, they also downgraded their revenue estimates, and forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that in mind, we wouldn't be too quick to come to a conclusion on Go Fashion (India). Long-term earnings power is much more important than next year's profits. We have forecasts for Go Fashion (India) going out to 2028, and you can see them free on our platform here.

We also provide an overview of the Go Fashion (India) Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.