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HomeMarket NewsEthos Q4 Results: Revenue jumps 33%; profitability remains under pressure
Ethos reported healthy revenue growth in the March quarter, driven by continued demand, although margin pressure and slower operating profit growth weighed on overall profitability during the period.
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Luxury watch retailer Ethos Ltd reported healthy revenue growth for the fourth quarter of FY26 on May 12, although pressure on margins kept profit growth muted.
Revenue for the March quarter rose 33% year-on-year to ₹414 crore from ₹311 crore in the corresponding period last year. EBITDA increased 8% to ₹51 crore compared with ₹47.2 crore a year ago.
However, EBITDA margin narrowed sharply to 12.3% from 15.2% in the year-ago quarter, reflecting higher costs and changing product mix. Net profit declined 3% year-on-year to ₹22 crore from ₹22.7 crore.
Following the earnings announcement, shares of Ethos Ltd fell to an intraday low of ₹2,232.50 before recovering some losses to trade 2.25% lower at ₹2,306.50 on the NSE as of 2:13 PM.
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Ethos is among India’s leading luxury and premium watch retailers, housing a portfolio of international watch brands across multiple cities through its retail stores and online platform.
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