Ethos Q4 FY26 Results: Revenue Jumps 33% To ₹414 Crore

With a rising demand for luxury watches and expansion in its stores, Ethos Limited reported strong growth in Q4 FY26. The company’s consolidated revenue from operations increased 33.3% year-on-year (YoY) to ₹414 crore in the March quarter, as compared to ₹311.3 crore in the previous year.

Ethos Limited's share price increased 0.07% to close at ₹2,361.30 on the National Stock Exchange on 12 May 2026. But investors will be closely tracking its movements after the quarterly results announcement.

Q4 FY26 Performance

EBITDA rose 20.7% YoY to ₹64.7 crore during Q4 FY26. It was ₹53.6 crore in the same period last year. However, EBITDA margin fell to 15.1% from 16.9% in the fourth quarter of FY25. Although profit before tax (PBT) was up 3% at ₹30.9 crore, net profit after minority interest stood at ₹22 crore, down 2.9% YoY.

On a quarter-on-quarter (QoQ) basis, all key financial parameters declined. Revenue, Gross Profit, EBITDA, PBT and PAT declined by 11.6%, 10.4%, 16%, 26.5% and 25.5%, respectively.

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FY26 Summary

For FY26, consolidated revenue rose 28.8% YoY to ₹1,612.2 crore. EBITDA increased 18.5% to ₹254 crore, while PAT after minority interest stood at ₹94.8 crore, 1.5% lower than the previous financial year.

Ethos also reported strong operational metrics during the year. Same-store sales growth (SSSG) stood at 14.2%, while average selling price increased 22.9% YoY to ₹2.07 lakh. The company said its performance was supported by continued momentum across its luxury watch portfolio and expansion into new markets.

Ethos increased its boutique network from 73 boutiques at the start of FY26 to 98 boutiques across 32 cities as of May 2026.

Source:

Company Press Release