Ethos Limited has informed the Exchange regarding Outcome of Board Meeting held on May 05, 2025.
ETHOSLTD · price
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On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 2.7 pts less than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ethos Limited, a luxury and premium watch retailer, reported its audited financial results for the quarter and year ended March 31, 2025. Consolidated revenue from operations grew about 25% to ₹1,25,162.71 lakhs from ₹99,899.21 lakhs in FY24. Consolidated net profit rose to ₹9,628.79 lakhs from ₹8,329.46 lakhs, a growth of roughly 16%. On a standalone basis, Q4 revenue grew about 23% to ₹31,131.76 lakhs and Q4 net profit rose about 27% to ₹2,420.55 lakhs. Standalone basic EPS for the year stood at ₹40.14 versus ₹34.14 previously. Operating cash flow turned negative at ₹(2,074.32) lakhs on a standalone basis (vs ₹3,108.61 lakhs in FY24), mainly due to a large increase in inventory. The company still has unutilised IPO and QIP proceeds of about ₹9,483 lakhs parked in bank deposits.
Strong top-line growth signals healthy demand in the premium/luxury watch segment, supporting the growth story. However, the swing to negative operating cash flow and significant inventory build-up may raise short-term concerns about working capital efficiency. Shareholders may view the topline positively but watch for margin and cash conversion trends.