Ethos Limited has announced its financial results for the quarter and year ended March 31, 2026. The company reported a significant growth in total annual revenue, reaching ₹1,651.12 crore on a standalone basis. Alongside the financial results, the board has approved the appointment of Mr. Munish Gupta as an Executive Director. This announcement reflects the company’s robust operational performance and strategic expansion efforts within the premium and luxury watch retail market.
Annual Financial Highlights
For the financial year ended March 31, 2026, Ethos Limited achieved a standalone total income of ₹1,651.12 crore, compared to ₹1,276.51 crore in the previous year. The standalone net profit for the year stood at ₹94.92 crore, an increase from ₹98.25 crore in the previous fiscal period. On a consolidated basis, the Group recorded a total income of ₹1,658.41 crore and a consolidated net profit of ₹96.14 crore for the same period.
Strategic Leadership Appointment
The Board of Directors has approved the appointment of Mr. Munish Gupta as an Additional Director in the category of Executive Director, effective May 12, 2026. Mr. Gupta, a qualified Chartered Accountant and IIM Ahmedabad alumnus, brings over 20 years of extensive experience in sectors such as hospitality, startup, and FMCG. His appointment is expected to further strengthen the company’s strategic management and financial operations over his three-year term.
Operational and Business Updates
During the fiscal year, Ethos Limited continued its expansion efforts, incorporating new subsidiaries including Ficus Trading LLC in Dubai and Micron Watch Services Private Limited in India. The company also noted the impact of new labour code regulations on its financial reporting for the quarter. Ethos maintains its focus on a single operating segment, concentrating on the retail trading of premium and luxury watches and accessories, supported by robust post-sale services.
Capital Utilization
The company confirmed that all proceeds from its previous equity issuance activities, including the Initial Public Offering (IPO), Qualified Institutions Placement (QIP), and Rights Issue, have been prudently managed. As of March 31, 2026, there are no outstanding unutilized proceeds from these offerings, with funds primarily deployed towards funding working capital requirements and supporting business growth.
Source: BSE
