Image Source: The Economic Times
Ethos Ltd, India’s leading luxury watch retailer, has reported robust financial results for the March 2025 quarter, reflecting significant year-on-year growth in both revenue and net profit. The company’s performance underscores its continued market momentum and operational efficiency as it closes the financial year on a high note.
Quarterly Financial Performance
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Ethos Ltd's consolidated revenue from operations during Q4 FY25 was ₹313 crore (3.13 billion rupees), a 23% year-over-year increase compared to the same quarter of the previous year.
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The consolidated net profit for the March 2025 quarter was ₹22.75 crore (227.5 million rupees), higher than ₹19.01 crore in the previous year's corresponding period, an increase of 27%.
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Total income, comprising other income, was ₹316.51 crore for the quarter.
Profitability Metrics
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EBITDA for Q4 FY25 increased to ₹48.9 crore, up from ₹35.5 crore in Q4 FY24, while the EBITDA margin also increased to 15.7% from 14.07% last year, reflecting improved operating efficiency.
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Profit before tax during the quarter was ₹31.98 crore, while tax charges were ₹7.77 crore.
Expense Overview
Overall expenses for the quarter went up to ₹284.53 crore, led by greater stock-in-trade purchases and rising staff and depreciation expenses.
Full-Year Performance
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For the whole financial year FY25, Ethos Ltd registered total revenue of ₹1,276.51 crore compared to ₹1,020.09 crore for FY24.
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Net profit in FY25 was ₹98.25 crore versus ₹81.29 crore during the last financial year, showcasing steady growth.
Growth Trends
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Ethos Ltd has consistently displayed robust compounded growth in sales and profits in the recent past with a compounded growth in sales (TTM) of 25% and compounded growth in profit (TTM) of 25%.
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Its return on equity over the previous year was 11%.
Market and Operating Insights
The firm's enhanced profitability is driven by both revenue expansion and increased operating efficiency, as indicated by the increasing EBITDA margin.
Ethos continues to build market penetration, leveraging the increasing demand for luxury watches within India.
Sources: Screener.in, Business Standard, Business Upturn
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