Ethos Limited has informed the Exchange about Investor Presentation
ETHOSLTD · price
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Awaiting price reaction for this filing.
Ethos Limited reported Q1FY26 revenue of Rs 346.3 crore, up 26.7% year-on-year, driven by strong 17.6% same-store sales growth and a 42% jump in online billings. Reported EBITDA rose modestly to Rs 52.0 crore (up 4.6%), while PAT fell 16.2% to Rs 19.1 crore as margins were squeezed to 14.8% from 17.8% a year ago. Management blamed a Rs 5.7 crore hit from CHF/INR currency volatility and higher costs from 8 new boutique openings; adjusting for forex, EBITDA would have been Rs 57.6 crore (16% YoY growth). The company raised Rs 409.9 crore via a rights issue and added 3 new watch brands plus launched India's first exclusive Messika Paris boutique and the 22,000 sq ft 'City of Time' destination in Gurugram. Brand partners have raised prices effective July, which management expects will help margins recover in coming quarters.
Strong top-line growth and expansion into premium concepts like City of Time support the long-term story, but near-term margin pressure from forex and new-store ramp-up costs may weigh on the stock. Price hikes from July offer a potential margin recovery catalyst in the next quarters.