P'un yw dy liw ffefryn?
Here's a breakdown:
* P'un - which
* yw - is
* dy - your
* liw - colour
* ffefryn - favourite
You can also use the more formal "Beth yw eich lliw ffefryn?" which uses the formal "eich" instead of "dy."
Let me know if you'd like to learn any other phrases in Welsh!