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Ethos share price & results

Ethos Ltd· Consumer Durables· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q4 FY25
Ownership as of
Sept 2026

India's largest premium and luxury watch retailer, operating 98 boutiques across 32 Indian cities.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue462 ₹ crore+33.5% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin13.0 %0.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit29.0 ₹ crore+52.6% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity8.65 %−2.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin1.24 %+8.7 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)30.51 %+3.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

6 targets tracked, none judged yet · 6 open · verdicts reflect calls analysed to Q4 FY25.

Ethos Ltd management guidance track record on Inve: 6 targets tracked across analysed earnings calls (0 achieved, 0 missed, 6 open).

TargetOriginal wordingSaidLatest callVerdict
Total Boutiques100+
Call transcript, Q4 FY25 · 15 May 2025		Q4 FY25Q4 FY25:Currently at 73 boutiques; guidance to cross 100 in FY26.
Call transcript, Q4 FY25 · 15 May 2025		New

Source: Inve Guidance Tracker for Ethos Ltd · to Q4 FY25

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

6 of Ethos Ltd's 6 targets are still open. See which are on track and which have gone quiet. The 1 above are the free sample; 5 more targets are in the full ledger.

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Price

₹2,458.1 +1.42% · +₹34.3

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −15.1% 1Y

₹2.0k₹2.5k₹3.0kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26

1Y: ₹2,896.8 on 24 Oct 2025 → ₹2,458.1. High ₹3,196.4 (27 Nov 2025), low ₹2,020.4 (13 Mar 2026).

Previous close
₹2,423.8
Market cap
₹6.5k Cr
52-week range
₹2,020.4 – ₹3,196.4
One year
−15.54%
Price to earnings (TTM to Jun 2026)
60.71×
Return on equity (TTM to Jun 2026)
8.65%

Overview

Symbol
NSE:ETHOSLTD
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Ethos Ltd does

Based on the company's own presentations, annual report and earnings calls.

Ethos Ltd retails premium and luxury watches through an omnichannel network of exclusive-brand and multi-brand boutiques, sourcing directly from 80+ global watch and lifestyle brand owners or their authorised Indian dealers. It has diversified beyond new watches into certified pre-owned watches (via its Second Movement platform) and non-watch luxury lifestyle categories such as premium luggage and jewellery, run through subsidiary Ethos Lifestyle Private Limited. The company also earns through after-sales service at its own service centres and a loyalty programme (Club Echo), and trades watches, clocks and spare parts internationally through a Dubai subsidiary.

Segments

  • Watch Retail (Ethos boutiques)
  • Ethos Lifestyle
  • Certified Pre-Owned (Second Movement)
  • International Trading (Ficus Trading LLC, Dubai)
Boutiques
98 boutiques (as of 12 May 2026)
Geographic footprint
32 cities across 19 states/UTs
Brand partnerships
80+ luxury watch and lifestyle brands, including 49 exclusive brands
Employees
810+ employees (FY25)
Timepiece catalogue
5,000+ timepieces on offer (FY25)
After-sales service centres
Ethos Watch Care service centres in New Delhi and Bengaluru
Founded 2003 Company website

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