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
Conference Call with Ethos Ltd. Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Speciality Retail company Ethos announced consolidated Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue of Rs 252.5 crore with 21.7% YoY growth EBITDA of Rs 44.4 crore with EBITDA margin of 17.0% PAT grows to Rs 21.0 crores in Q4FY24 vs Rs 13.3 crore in Q4FY23 FY24 Financial Highlights: Revenue of Rs 999.0 crore with 26.7% YoY growth EBITDA of Rs 175.3 crore with EBITDA margin of 17.1% PAT grows to Rs 83.3 crores in FY24 vs Rs 60.3 crore in FY23 The company recorded its highest-ever EBITDA & PAT in FY24 on the back of robust demand and focused marketing initiatives. Strong revenue growth across offline and online channels A higher share of in-house brand sales continues to aid margin expansion EBITDA margin continues to expand on the back of cost optimisation initiatives and operating leverage benefits Commenting on the performance, Pranav Saboo, Founder and Managing Director, of Ethos Limited, said, "In the financial year 2023-24, Ethos took significant strides in its growth journey. Our dedication to expansion continues, demonstrated by the addition of 13 innovative luxury brands to our portfolio. Ethos Limited unveiled 10 new boutiques across 9 cities, including an expansion in 4 new cities, marking an ambitious move towards broader accessibility. Looking ahead, Ethos will continue expanding its physical as well as digital presence. With strategic plans in motion, we're confident in achieving sustained growth and delivering value to all stakeholders." Result PDF