ETHOSLTD · Ethos Ltd · Jewelry & Silverware
ETHOSLTD · Ethos Ltd · Jewelry & Silverware
As of 05 Nov close
52-week range
15.1% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹462 Cr
Revenue YoY
PAT YoY
+47.9%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
4.8
P/S (TTM)
4.1
Sector P/E
14.2
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| ETHOSLTD (this stock) | 62.8 | 4.8 | +6.0% | +7.0% | 0.22 | 0.0% |
| Titan Company | 67.8 | 31.2 | +6.2% | +36.7% | 1.95 | +0.3% |
| PC Jeweller | 8.9 | 1.5 | +22.1% | +9.5% | 0.14 | 0.0% |
| BlueStone Jewellery and Lifestyle Ltd | 570.5 | 5.1 | +0.5% | +1.1% | 56.81 | Not available from data source |
Promoter
stable
FII
rising 1q
MF
20.33% (+0.17pp)
rising 3q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| canonicalSymbol | date | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| ETHOSLTD | 2026-07-10 | 700000 | 1 | STRONG | BULK |
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: The investor presentation by Ethos Limited reported on the unaudited financial results for the quarter ended June 30, 2026. Management highlighted a consolidated revenue of ₹461.7 crore, reflecting a year-on-year growth of 33.3%. The presentation noted that the company's expansion continued, with the boutique network increasing to 103 locations across 34 cities, including new entries in Agra, Faridabad, Amritsar, and Visakhapatnam. Management emphasized the resilience of luxury demand in India and the strength of their brand portfolio. Key financial metrics included a 30.1% year-on-year increase in standalone revenue to ₹450.5 crore and a consolidated EBITDA growth of 45.0% to ₹53.1 crore. The average selling price per watch rose to ₹2.26 lakhs, with same-store sales growth reported at 13.2%. The presentation also discussed the addition of new brands and the company's strategy to enhance its retail infrastructure.
Management emphasized strong growth and expansion in the luxury retail sector.
Sourced from an exchange-filed presentation, dated 03 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation by Ethos Limited reported that the company achieved consolidated revenues of ₹1,612.2 crore for FY26, marking a 28.8% increase from ₹1,251.6 crore in FY25. The growth was attributed to strong demand across its luxury timepiece and lifestyle segments. Management highlighted the expansion of its boutique network, increasing from 73 to 98 locations across 32 cities, and entering six new markets. However, foreign exchange volatility, particularly with the Swiss Franc, negatively impacted margins, with an estimated gross margin loss of ₹18.7 crore. The presentation also noted a one-time charge of approximately ₹1.8 crore due to the new Labour Code. Ethos continued to invest in marketing and talent to enhance customer experiences and operational efficiency, aiming for a tenfold revenue increase over the next decade.
The presentation highlighted both strong revenue growth and significant external challenges impacting margins.
Sourced from an exchange-filed presentation, dated 12 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation by Ethos Limited reported on the unaudited financial results for the quarter and nine months ended December 31, 2025. Management highlighted a revenue growth of 27.4% year-on-year, reaching Rs 1,198.2 crore, driven by a strong luxury brand portfolio and increased customer engagement. The company expanded its boutique network from 73 to 89, entering new markets including Ranchi. However, management noted that foreign exchange volatility, particularly with the Swiss Franc, negatively impacted margins, with an estimated gross margin loss of Rs 14.3 crore. The presentation also discussed the successful onboarding of new luxury brands and the impact of the new Labour Code on financials. Overall, management emphasized a commitment to growth through strategic expansion and talent development while navigating external challenges.
The presentation conveyed both strong growth metrics and challenges related to foreign exchange and regulatory impacts.
Sourced from an exchange-filed presentation, dated 06 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedEthos Limited emphasizes its commitment to delivering a premium luxury watch retail experience through a combination of authorized global brands, personalized service, and an omnichannel strategy. The report highlights initiatives such as the Ethos App, Second Movement platform for pre-owned watches, and a focus on sustainability and community engagement. Management discusses the importance of adapting to market trends, leveraging digital innovation, and maintaining ethical business practices to ensure long-term growth and customer trust.
- Focus on personalized luxury retail experiences with authorized global watch brands and expert guidance.
- Expansion of omnichannel capabilities, including a dedicated luxury watch app and integrated digital platforms.
- Initiatives in sustainability, including tree plantation programs and ethical sourcing practices.
- Development of Second Movement as a trusted platform for certified pre-owned luxury watches.
- Commitment to corporate governance, transparency, and stakeholder engagement through various initiatives and community programs.
Key takeaway: Ethos Limited is focused on enhancing its luxury retail experience through personalized service, digital innovation, and sustainability initiatives, while maintaining a strong commitment to corporate governance and stakeholder engagement.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Regulatory Action (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Regulatory Action
1 occurrenceRecent (last 12 months)
The company was fined ₹10,000 by NSE and ₹10,000 by BSE for delay in filing Board Meeting intimation under Regulation 29 of SEBI (LODR) Regulations, 2015, and ₹1,34,000 by NSE for improper constitution of the Audit Committee for the period ended 30 September 2022, and ₹14,000 for improper constitution of the Audit Committee for the period ended 31 December 2022, under Regulation 18 of the SEBI (LODR) Regulations, 2015.
Routine disclosures
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has pending proceedings with various tax authorities and has disclosed these as contingent liabilities in its standalone financial statements.
Earlier (1-3 years ago)
The company has pending litigations with various tax and other authorities, and has disclosed them as contingent liabilities in its financial statements.
The company has vehicle loans from banks amounting to Rs.20.13 as of March 31, 2024, secured against hypothecation of vehicles purchased with the loan proceeds.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The company has deposits from shareholders (unsecured) which are classified as non-current borrowings and are disclosed in note 37 as related party disclosures.
Earlier (1-3 years ago)
The company made contributions to trusts controlled by the company as part of CSR expenditure, including KDDL-Ethos Foundation.
The company has deposits from shareholders which are unsecured and referenced in note 37 for related party disclosure.
Statutory dues in dispute
1 occurrenceEarlier (1-3 years ago)
The company has statutory dues under various acts (GST, Excise Duty, Income Tax) with amounts and disputes pending before different forums, including the High Court and Appellate Tribunal.
Management & Board Governance
1 occurrenceRecent (last 12 months)
Shubham Kandhway resigned as Company Secretary & Compliance Officer effective April 15.