Ethos Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 14, 2024 at 03:24 am EST
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Ethos Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 2,812.24 million compared to INR 2,296.76 million a year ago. Revenue was INR 2,874.64 million compared to INR 2,333.36 million a year ago. Net income was INR 255.16 million compared to INR 206.59 million a year ago. Basic earnings per share from continuing operations was INR 10.84 compared to INR 9.54 a year ago. Diluted earnings per share from continuing operations was INR 10.84 compared to INR 9.54 a year ago.
For the nine months, sales was INR 7,464.68 million compared to INR 5,809.6 million a year ago. Revenue was INR 7,616.63 million compared to INR 5,905.12 million a year ago. Net income was INR 622.63 million compared to INR 470.14 million a year ago. Basic earnings per share from continuing operations was INR 26.46 compared to INR 21.71 a year ago. Diluted earnings per share from continuing operations was INR 26.46 compared to INR 21.71 a year ago.
Ethos Limited is an India-based luxury and premium watch retailer with 63 stores across 24 cities, and over 65 premium luxury watch brands. The Company delivers a content-led luxury retail experience to its customers through its online and physical presence. It retails over 65 premium and luxury watch brands in India. Customers can choose from over 7,000 premium, bridge-to-luxury, luxury, and high-luxury watches. The Company retails various brands, such as Rolex, Alpina, Angelus, Arnold & Son, Baume & Mercier, Bell & Ross, Bianchet, Bovet, Breitling, Bremont and BVLGARI. It offers various types of watches, such as automatic watches, mechanical watches, quartz watches, tourbillon watches, world timer watches, chronograph watches and perpetual calendar watches. Its repairs and services include Ethos Watch Care and Rimowa Client Care. Ethos Watch Care services and repairs over 50 of the top luxury watch brands. Its services include movement overhaul, ultrasonic cleaning, and polishing.