Ethos shares surged 15.65% to settle at ₹2,969.25 after reporting exceptional first quarter earnings, marking strong investor confidence in the luxury watch retailer's robust financial performance. The stock climbed 15.65% to an intraday high of ₹2,969.25 on the NSE, reflecting significant market optimism about the company's growth trajectory. According to Business Standard, this represents a substantial milestone for the company's stock performance, demonstrating strong investor confidence in the company's continued expansion strategy and market leadership position.
The company delivered exceptional financial results for the first quarter, with consolidated net profit surging 47.92% YoY to ₹28.12 crore compared to ₹19 crore in the corresponding period last year. Revenue from operations rose 33.32% to ₹461.70 crore from ₹346 crore in the year-ago period, as reported by Business Standard. Profit before tax (PBT) increased 49.87% YoY to ₹39.13 crore in Q1 FY27. EBITDA increased 44.1% YoY to ₹74.8 crore from ₹52 crore in Q1 FY26, with EBITDA margin expanding to 15.7% from 14.8%. This strong profit growth demonstrates the company's ability to convert revenue into bottom-line profits effectively and improve operational efficiency.
Operational metrics remained encouraging with the average selling price (ASP) per watch increasing 6.1% YoY to ₹2.26 lakh, reflecting sustained demand for higher-value timepieces. According to Business Standard, luxury and high-luxury watches continued to account for 71% of total sales, unchanged from the year-ago quarter, highlighting the resilience of the premium segment. The company strengthened its portfolio by adding six new watch brands and eight new boutiques during the quarter. During the quarter, Ethos crossed the 100-boutique milestone with 103 boutiques across 34 cities, expanding from 94 boutiques across 30 cities at the end of FY26. The expansion included new market entries in Agra, Faridabad, Amritsar and Visakhapatnam.
Commenting on the performance, Managing Director and CEO Pranav Saboo said the company began FY27 on a strong note, with consolidated revenue of ₹461.7 crore in the first quarter, growing 33.3% year-on-year. As reported by Business Standard, Saboo attributed the performance to sustained demand for luxury products in India, supported by the company's brand portfolio, execution and focus on customer experience. He emphasized that the company would continue to focus on expansion while strengthening its presence in existing markets and entering new ones. Saboo noted that the company is satisfied with this performance, delivered in the midst of an ongoing investment cycle that they intend to continue as they build for the long term.
