Specialty Retail company Ethos announced Q4FY25 results Q4FY25 Financial Highlights: Revenue from operations: Rs 311.3 crore compared to Rs 252.5 crore during Q4FY24, change 23.3%. EBITDA: Rs 53.6 crore compared to Rs 44.4 crore during Q4FY24, change 20.7%. EBITDA margin: 16.9% for Q4FY25. PAT: Rs 22.7 crore compared to Rs 21.0 crore during Q4FY24, change 8.1%. Pranav Saboo – MD & CEO, said: “We are pleased to share that Ethos has delivered a robust financial performance for Q4 and FY25, underscoring the strength of our brand portfolio and continued execution of our growth strategy. Revenue for Q4FY25 grew by 23.3% YoY to Rs 311.3 crore, up from Rs 252.5 crore in Q4FY24. For FY25, revenue rose by 25.3% to Rs 1,251.6 crore, compared to Rs 999.0 crore in FY24. EBITDA for the quarter rose by 20.7% to Rs 53.6 crore, while full-year EBITDA increased by 22.3% to Rs 214.4 crore. EBITDA margins stood at 16.9% for Q4 and 16.8% for the year, reflecting marginal contraction versus FY24 (17.0% and 17.1% respectively). This slight moderation aligns with our deliberate investments in talent and infrastructure, especially for newly launched stores that are still ramping up. In Q4, we added one new boutique and 14 new boutiques in FY25, expanding our presence to 73 stores across 26 cities. We entered three new markets—Dehradun, Kochi, and Mangaluru—and inaugurated our second Duty-Free boutique at Bengaluru Airport. We are set to open eight new boutiques in May 2025, including a flagship Messika (https://www.messika.com/fr) boutique in Delhi—our first exclusive store for the renowned jewellery maison. This forms part of our ongoing strategy to deepen our presence in high-potential markets and strengthen our luxury portfolio. As we scale, we remain committed to investing in high-performing talent, recognising that our team is the foundation for innovation, elevated customer experiences, and operational excellence. These elements will be crucial as we pursue our long-term goal of growing our revenue tenfold over the next decade.” Result PDF
Specialty Retail company Ethos announced H1FY25 results Revenue: Rs 570.4 crore with growth 22.6% YoY. EBITDA: Rs 98 crore with growth 22.2% YoY. PAT: Rs 44 crore with growht 19.9% YoY. Pranav Saboo, MD & CEO, Ethos, said: “We are pleased to announce a 22.6% growth to Rs 570.4 cr in H1FY25 compared to Rs 465.2 cr in H1FY24. This growth is primarily driven by an increase in the shareof luxury and high-luxury segments, a rise in ASP, and volume growth. EBITDA also increased by 22.2% to Rs 98.0 cr in H1FY25, up from Rs 80.1 cr in H1FY24, reflecting a robust operational performance. EBITDA margin stood at 16.8% inH1 FY25, slightly lower than 16.9% in H1FY24. This dip was due to additional costs in H1FY25, including forex fluctuations, increased manpower for new storeadditions, and rent for new stores, which are still in the early stages of generating sales. Specifically, significant currency fluctuations, notably the depreciation of theINR against the CHF, resulted in a forex loss of Rs 4.65 crore. Currency volatility remains an inherent risk in global operations, and we have a comprehensive riskmanagement framework to address such challenges effectively. Since April 2024, we have opened 12 new stores, with plans to open 13 more by the end of FY25, in line with our objective to expand our presence quickly and enternew cities where we currently do not have a presence. We are now operational in 26 cities with a total of 72 stores (including 2 Duty-free Stores at Delhi andBengaluru). Additionally, since April, we have signedup three new exclusive brands, with more brand partnerships in the pipeline to be announced soon. Revenue from exclusivebrands contributed 28% of the total revenue in H1FY25. To support our growth ambitions, we recognise the critical importance of talent acquisition and development, and we will continue to invest in this area to drive fastergrowth in this challenging environment. This comprehensive approach to human capital development will be instrumental in our goal of achieving a 10x increase inrevenue over the next decade.” Result PDF
Specialty Retail company Ethos announced Q1FY25 results: Revenue: Rs 273.2 crore, up by 18.8% YoY EBITDA: Rs 49.7 crore, up by 28.7% YoY PAT (Profit After Tax): Rs 22.8 crore, up by 25.6% YoY Result PDF