Not grey as pictured, but black which is disappointing. The badge in the pic is a little smaller than in actuality (it was just photoshopped on the photo, as you can see from the other watch dogs beanie which is the identical pic but a different logo added on later).
Good quality though, and 100% cotton. Thick and heavy duty, so more for winter wear than an everyday beanie, but its a decent enough little item. Just disappointed about the colour really. as I thought it would be grey.