| Revenue growth | 28.8% YoY for FY26; 33.3% for Q4 FY26. |
|---|---|
| Margins | EBITDA margins compressed to 11.0% (FY26) vs 12.6% (FY25) due to forex. |
| Demand visibility | Strong premiumisation trends in luxury timepieces and lifestyle segments. |
| Management confidence | High; aiming for 10x revenue growth over next decade. |
Growth
FY26 Consolidated Revenue reached ₹1,612.2 cr (+28.8% YoY); EBITDA at ₹182.7 cr (+13.5% YoY).
Outlook
Long-term ambition for 10x revenue increase in a decade; aggressive store expansion in high-potential cities.
Risks
Currency volatility (CHF/INR depreciation) impacted gross margins; one-time ₹1.8 cr charge from new Labour Code.
Earnings Call filed with NSE, NSE: ETHOSLTD. Summary written with AI assistance from the document.
Ethos Ltd: key numbers
- Share price
- ₹2,634.80
- Market cap
- ₹7,050 Cr
- Revenue (annual)
- ₹1,612 Cr
- Net profit (annual)
- ₹94.77 Cr
- P/E (TTM)
- 67.9×Sector 67.1×
- Promoter holding
- 50.59%+0.00% QoQ
- FII holding
- 11.33%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Ethos Ltd
All →Ethos Annual General Meeting
Ethos Ltd disclosed proceedings of its 19th AGM held on 15 Sep 2026. The meeting adopted FY26 financials and re-appointed the Chairman & WTD Mr. Yashovardhan Saboo.
Ethos Capacity Expansion
Ethos Limited has inaugurated a new watch boutique at Hilite Mall in Kozhikode, Kerala. The company now operates 104 boutiques across India.
- new retail store
- 1.0 boutiques
Ethos Business Update
Ethos Limited's MD & CEO Pranav Saboo has been appointed to the jury for the 2026 Grand Prix d'Horlogerie de Genève (GPHG).
Ethos Other Announcement
Ethos Limited has submitted its Business Responsibility and Sustainability Report for FY 2025-26. The report detailing ESG initiatives forms part of the company's Annual Report.
Ethos Annual Report
Ethos Limited has released its Annual Report for the financial year 2025-26. The report includes the 19th AGM notice and details the company's luxury retail operations.
Ethos Annual General Meeting
Ethos Limited has scheduled its 19th Annual General Meeting for the financial year 2025-26 on September 15, 2026, to be held via video conferencing.