Ethos Jumps Over 9% on Positive Q4 Earnings; Stock Up 18% in 2024

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Luxury watchmaker Ethos sees a 9% spike in shares after reporting robust Q4FY24 results, with consolidated revenue up 21.7% YoY to Rs 252 crore.

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Profit-after-tax (PAT) surged 58% YoY to Rs 21 crore, while earnings before interest, tax, depreciation, and amortization (EBITDA) jumped 45.1% YoY to Rs 44 crore in Q4FY24.

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Year-to-date, Ethos stock rose over 18%, surpassing the Nifty 50's 2% growth. The company's shares hit a 52-week high of Rs 3,040 on March 11, 2024.

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Ethos discloses 10 new boutiques across 9 cities, including expansion in 4 new cities. Founder Pranav Saboo expresses confidence in achieving sustained growth with strategic plans.

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Ethos Jumps Over 9% on Positive Q4 Earnings; Stock Up 18% in 2024

Luxury watchmaker Ethos sees a 9% spike in shares after reporting robust Q4FY24 results, with consolidated revenue up 21.7% YoY to Rs 252 crore.

Ethos Shares Surge

Profit-after-tax (PAT) surged 58% YoY to Rs 21 crore, while earnings before interest, tax, depreciation, and amortization (EBITDA) jumped 45.1% YoY to Rs 44 crore in Q4FY24.

Impressive Performance

Year-to-date, Ethos stock rose over 18%, surpassing the Nifty 50's 2% growth. The company's shares hit a 52-week high of Rs 3,040 on March 11, 2024.

Market Outperformance

Ethos discloses 10 new boutiques across 9 cities, including expansion in 4 new cities. Founder Pranav Saboo expresses confidence in achieving sustained growth with strategic plans.

Expansion Plans