Stock Report

Ethos Limited - Key Highlights for Q4 FY23, FY 2022-23

Posted On : 2023-04-10 14:07:42( TIMEZONE : IST )

Ethos Limited, India's largest chain of luxury watch boutiques with 54 stores in India across 20 cities, and over 60 premium luxury watch brands, today recorded its financial updates for the quarter and year ended March 31, 2023.

- Billing (Gross Revenue) grows by 30.8% in Q4 FY23 YoY (Rs. 242 crore v/s Rs. 185 crores in Q4 FY22)

- Billing (Gross Revenue) grows by 36.6% in FY23 YoY (Rs. 918 crores v/s Rs. 672 crores in FY22)

Key Highlights - Q4 FY23

- Billing of Rs. 242 crore with 30.8% YoY growth
- Ventured into 2 new cities i.e., Bhopal and Siliguri. With this the number of Cities now increased to 20.
- Company has opened 4 stores during the quarter and total number of stores are now 54.

Key Highlights - FY23

- Billing of Rs. 918 crores with 36.6% YoY growth
- Company continues to show highest ever growth in FY23 on the back of robust demand and focused marketing initiatives.
- Strong revenue growth across offline and online channels
- Ventured into 3 new cities i.e. Indore, Bhopal and Siliguri. With this the number of Cities now increased to 20.
- Company has opened 6 stores during the year and total number of stores are now 54.

FY23 has reinforced our belief in the strong growth against the last year and we witnessed the continuous growth trends over the last few quarters. It shows a consistent trend, that reflects the transformation of the Indian market for luxury watches, with Ethos as the reference. Our portfolio of brands and assortment of products, best-in-class customer services, globally competitive prices, and the trust that the Ethos name evokes are all coming together to create an environment of sustained growth and profitability. Ethos has celebrated its 20th Anniversary in January 2023.

The above information for the period ended 31st March 2023 is provisional, and subject to annual audit by the Statutory Auditors of the Company.

Shares of Ethos Limited was last trading in BSE at Rs. 983.70 as compared to the previous close of Rs. 992.20. The total number of shares traded during the day was 1136 in over 343 trades.

The stock hit an intraday high of Rs. 1000.75 and intraday low of 966.15. The net turnover during the day was Rs. 1118388.00.