Ethos Ltd

Ethos announced the resignation of Chitranjan Agarwal (DIN: 00095715), Non-Executive- Non-Independent Director of the company with effect from 15 April 2025. Powered by Capital Market - Live

Net profit of Ethos rose 15.56% to Rs 29.49 crore in the quarter ended December 2024 as against Rs 25.52 crore during the previous quarter ended December 2023. Sales rose 31.54% to Rs 369.93 crore in the quarter ended December 2024 as against Rs 281.22 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales369.93281.22 32 OPM %15.3515.84 - PBDT57.3646.88 22 PBT40.6134.36 18 NP29.4925.52 16 Powered by Capital Market - Live

Ethos has appointed Mukul Krishan Khanna as the Additional/Whole time Director (DIN - 10939041) for a period of 3 (three) years with effect from 01 April 2024. Powered by Capital Market - Live

Revenue from operations jumped 31.54% YoY to Rs 369.92 crore in Q3 FY25. Profit before tax (PBT) was at Rs 40.61 core in Q3 FY25, up 18.22% as compared with Rs 34.35 crore in Q3 FY24. EBITDA jumped 23.6% to Rs 62.8 crore in Q3 FY25 as compared with Rs 50.8 crore in Q3 FY24. EBITDA margin fell to 16.7% in Q3 FY25 as against 17.7% in Q3 FY24. Total billings jumped 31.4% to Rs 431 crore in Q3 FY25 as compared with Rs 328 crore in Q3 FY24. Digitally assisted sale stood at Rs 146.4 crore in Q3 FY25, up 53.9% as compared with Rs 95.1 rcore in Q3 FY24. 0 Total expenses jumped 32.21% to Rs 334.81 crore as compared with Rs 253.24 crore posted in corresponding quarter last year. Purchase of stock-in-trade stood at Rs 311.48 crore (up 39.09% YoY), employee benefit expense was at Rs 24.34 crore (up 48.96% YoY), finance cost stood at Rs 5.16 crore ( up 28.04% YoY) during the period under review. Commenting on the results by Pranav Saboo ' MD & CEO, said, ' EBITDA for Q3 FY25 increased by 23.6% to Rs 62.8 crore, compared to Rs 50.8 crore in Q3 FY24. Similarly, EBITDA for 9M FY25 grew by 22.8% to Rs 160.7 crore, up from Rs 130.9 crore in 9M FY24. EBITDA margins stood at 16.7% in Q3 FY25 (versus 17.7% in Q3 FY24) and 16.8% in 9M FY25 (versus 17.2% in 9M FY24). This slight margin contraction was due to higher costs associated with increased manpower for new store additions and rent for newly opened stores, which are still in the early stages of generating sales. In Q3, we added 5 stores taking our count in 9MFY25 to 13 new stores and overall count to 73 stores. This year, the company entered three new cities'Dehradun, Kochi, and Mangaluru and the 2nd Duty-Free Store at Bengaluru Airport, bringing our presence to 26 cities The implementation of the Graded Response Action Plan (GRAP) for pollution control in Delhi/NCR was in effect for 52 days. However, its impact on the construction and renovation of new boutiques extended to 75 days due to the intermittent imposition and lifting of restrictions. This unpredictability led to challenges in manpower deployment, as construction labour is fungible and often reassigned to other locations during periods of restriction. Consequently, the opening of seven new boutiques, including the renovation of the existing boutiques. Despite these challenges, we remain committed to our expansion strategy and aim to open six additional boutiques by the end of FY25, further strengthening our presence in key markets. In line with our strategic focus, we have also signed six new exclusive brand partnerships since A. In line with our strategic focus, we have also signed six new exclusive brand partnerships since April, with additional collaborations in the pipeline. Revenue from exclusive brands contributed 29.7% of total revenue in Q3 FY25 and 29.5% in 9M FY25, underscoring the growing significance of this segment.' Ethos is India's largest chain of luxury watch boutiques with 66 stores across 26 cities in India, and over 65 premium overall brand portfolios and more than 55 exclusive brand portfolios of the world's top luxury watch brands.Powered by Capital Market - Live

Ethos will hold a meeting of the Board of Directors of the Company on 14 February 2025.Powered by Capital Market - Live

Net profit of Ethos rose 14.31% to Rs 21.25 crore in the quarter ended September 2024 as against Rs 18.59 crore during the previous quarter ended September 2023. Sales rose 26.32% to Rs 297.13 crore in the quarter ended September 2024 as against Rs 235.22 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales297.13235.22 26 OPM %14.1515.84 - PBDT43.6437.62 16 PBT28.6424.92 15 NP21.2518.59 14 Powered by Capital Market - Live

Ethos announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

Ethos announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

Net profit of Ethos rose 25.55% to Rs 22.80 crore in the quarter ended June 2024 as against Rs 18.16 crore during the previous quarter ended June 2023. Sales rose 18.79% to Rs 273.25 crore in the quarter ended June 2024 as against Rs 230.02 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales273.25230.02 19 OPM %15.7814.75 - PBDT44.9935.02 28 PBT30.6724.29 26 NP22.8018.16 26 Powered by Capital Market - Live

Revenue from operations grew by 18.79% to Rs 273.25 crore in Q1 FY25 from Rs 230.02 crore recorded in the same period a year ago. Profit before tax stood at Rs 30.67 crore in Q1 FY25, up 26.27% as against Rs 24.29 crore recorded in Q1 FY24. EBITDA for the quarter was at Rs 49.7 crore, registering a growth of 28.7% on YoY basis. EBITDA margin improved to 17.8% in Q1 FY25, as compared to 16.4% reported in the corresponding quarter previous year. Ethos is India's largest chain of luxury watch boutiques with 66 stores across 26 cities in India, and over 65 premium overall brand portfolios and more than 55 exclusive brand portfolios of the world's top luxury watch brands. Shares of Ethos dropped 2.35% to Rs 3,105.85 on the BSE. Powered by Capital Market - Live