Q3FY23 Quarterly Result Announced for Ethos Ltd.
Specialty retail firm Ethos Q3FY23 results: Q3FY23: Revenue of Rs 229.7 crore with 17.6% YoY growth. EBITDA of Rs 39.5 crore with EBITDA margin of 16.9%. PAT grows to Rs 20.7 crore in Q3FY23 vs Rs 12.1 crore in Q3FY22. The company continued to show excellent growth in quarterly EBITDA & PAT in Q3FY23 on the back of robust demand and focused marketing initiatives. Strong revenue growth across offline and online channels. Higher share of in-house brand sales continues to aid margin expansion. EBITDA margin continues to expand on the back of cost optimization initiatives and operating leverage benefits. 9MFY23: Revenue of Rs 581 crore with 38.8% YoY growth. EBITDA of Rs 98.5 crore with EBITDA margin of 16.7%. PAT grows to Rs 47 crore in 9MFY23 vs Rs 15.5 crore in 9MFY22. The company recorded its highest-ever EBITDA & PAT in 9MFY23 on the back of robust demand and focused marketing initiatives. Strong revenue growth across offline and online channels. The higher share of in-house brand sales continue to aid margin expansion EBITDA margin continues to expand on the back of cost optimization initiatives and operating leverage benefits. Mr. Pranav Saboo, Chief Executive Officer, Ethos Limited said, “The revenue growth, growth in profit and more exclusive partnerships signed in this quarter show the tremendous potential of finely crafted timepieces, luxury products and Ethos, to deliver long-term value creation for all stakeholders. As we mark our 20th anniversary, we are proud of our long-standing relationships with our employees, brands, location partners and our valued customers. Our focus on every stakeholder will continue as we start the third decade of Ethos Limited” Result PDF03-02-2023