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