Slide 1: Ethos Limited Investor Presentation Q1 FY27
1 ETHOS LIMITED Investor Presentation Q1 FY27 | 3rd August 26
Slide 2: Safe Harbor
I Safe Harbor 2 This presentation and the accompanying slides (the “Presentation”), which has been prepared by Ethos Limited, a material subsidiary of KDDL Limited, solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securiti
Slide 3: Q1 FY'27 Performance
Q1 FY’27 Performance 2 3
Slide 4: Ethos at a Glance
I Ethos at a Glance 4 103 Boutiques* Watch 100 Lifestyle 3 85+ Brands Exclusive 64 Presence State + UT 21 City 34 *As on 3rd August 2026
Slide 5: Management Commentary
I Management Commentary 5 Commenting on the Results by Mr. Pranav Saboo – MD & CEO “We have commenced FY27 on a strong note, delivering consolidated revenue of ₹461.7 crore in Q1 FY27, growing 33.3% YoY. This performance underscores the continued resilience of luxury demand in India, anchored by the
Slide 6: Key Highlights Q1FY'27 – Without IND AS
I Key Highlights Q1FY’27 – Without IND AS 116 6 Standalone Consolidated Opened 9 Boutiques* New Brands Added REVENUE Rs 450.5 Cr Rs 461.7 Cr 2 Exclusive 7 Multi Brand 6 Watches +30.1% YoY +33.3% YoY Same Store Sales Growth Average Selling Price EBITDA Rs 49.7 Cr Rs 53.1 Cr (SSSG) (ASP) +35.4% YoY +4
Slide 7: Financial Summary | Consolidated Performance Snapshot | Without IND AS 116
I Financial Summary | Consolidated Performance Snapshot | Without IND AS 116 7 All Figures in Rs. Crs. Revenue from operations EBITDA EBITDA Margins PBT* +33.3% +45.0% +44.9% 461.7 53.1 42.2 11.2% 29.1 346.3 36.6 10.4% Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Revenue from opera
Slide 8: Financial Summary | Consolidated Performance Snapshot (Reported)
I Financial Summary | Consolidated Performance Snapshot (Reported) 8 All Figures in Rs. Crs. Revenue from operations EBITDA EBITDA Margins PAT after MI* +33.3% +44.1% 47.9% 461.7 74.8 28.1 14.8% 15.7% 346.3 52.0 19.1 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Revenue from operati
Slide 9: Consolidated Profit & Loss Statement | Without IND AS 116
I Financial Summary | Consolidated Profit & Loss Statement | Without IND AS 116 9 Profit and Loss (in Rs. Crs) Q1FY27 Q1FY26 YoY Q4FY26 QoQ FY26 Revenue from Operations 461.7 346.3 33.3% 414.0 11.5% 1,612.2 Other Income 13.3 5.8 12.7 45.3 Total Income 475.0 352.2 426.7 1,657.6 Cost of Goods Sold 326
Slide 10: Consolidated Reported Profit & Loss Statement
I Financial Summary | Consolidated Reported Profit & Loss Statement 10 Profit and Loss (in Rs. Crs) Q1FY27 Q1FY26 YoY Q4FY26 QoQ FY26 Revenue from Operations 461.7 346.3 33.3% 414.0 11.5% 1,612.2 Other Income 13.3 5.8 13.3 46.2 Total Income 475.0 352.2 427.3 1,658.4 Cost of Goods Sold 326.2 247.3 29
Slide 11: Standalone Profit & Loss Statement | Without IND AS 116
I Financial Summary | Standalone Profit & Loss Statement | Without IND AS 116 11 Profit and Loss (in Rs. Crs) Q1FY27 Q1FY26 YoY Q4FY26 QoQ FY26 Revenue from Operations 450.5 346.3 30.1% 402.9 11.8% 1,612.6 Other Income 10.7 5.7 10.6 39.7 Total Income 461.2 352.0 413.5 1,652.3 Cost of Goods Sold 319.
Slide 12: Standalone Reported Profit & Loss Statement
I Financial Summary | Standalone Reported Profit & Loss Statement 12 Profit and Loss (in Rs. Crs) Q1FY27 Q1FY26 YoY Q4FY26 QoQ FY26 Revenue from Operations 450.5 346.3 30.1% 402.9 11.8% 1,612.6 Other Income 10.7 5.7 11.1 40.5 Total Income 461.2 352.0 414.1 1,653.1 Cost of Goods Sold 319.9 247.3 287.
Slide 13: Ethos is in unique position to leverage its large base of Luxury Customers
I Ethos is in unique position to leverage its large base of Luxury Customers 13 Creating engaging shopping experience over the years has enabled us to build a large Luxury Customer base Demand for our products is directly proportional to the number of HNIs Share of Luxury & High Average Selling Pric
Slide 14: Ethos Boutique Locations
II Ethos Boutique Locations 14 Our Locations • 103 boutiques in 34 cities, including our second Haute Horology boutique in Mumbai and our second exclusive Rimowa boutique in New Delhi. • Spread across the major metros, our boutiques house the finest selection from over 80 of the world’s top luxury w
Slide 15: 1 Watch Boutique – Store Addition in Q2FY27
Store Addition in Q2FY27 (July-Till Date) 1 Watch Boutique 2 15
Slide 16: Ethos Watch Boutiques: 1st Boutique in Amritsar
II Ethos Watch Boutiques: 1st Boutique in Amritsar 16 Unit No. - GF-06, GT Road, Rajinder Nagar, Nexus Mall, Amritsar, Punjab - 143006
Slide 17: 8 Watch Boutique – Store Addition in Q1FY27
Store Addition in Q1FY27 (April-June) 8 Watch Boutique 2 17
Slide 18: Ethos Watch Boutiques: 15th Store in New Delhi
II Ethos Watch Boutiques: 15th Store in New Delhi 18 Unit No-RU 07, Terminal 2, Domestic Departures, Indira Gandhi International Airport, New Delhi, Delhi - 110037 18
Slide 19: Ethos Watch Boutiques: 1st Store in Visakhapatnam
II Ethos Watch Boutiques: 1st Store in Visakhapatnam 19 Unit No. - UG-37, Inorbit Mall, Donda Parthi Village, KailashPuram, Visakhapatnam, Andhra Pradesh - 530024 19
Slide 20: Tudor: 15th Store in Bengaluru
II Tudor: 15th Store in Bengaluru (2nd Boutique of Tudor) 20 UG 29A, Phoenix Mall Of Asia, Hobli, Yelahanka Taluk, Bellary Road, Bengaluru, Karnataka - 560092 20
Slide 21: Ethos Watch Boutiques: 3rd Store in Indore
II Ethos Watch Boutiques: 3rd Store in Indore 21 Unit No. 12A, Ground Floor, Treasure Island Mall, Mahatma Gandhi Rd, South Tukoganj, Indore, Madhya Pradesh - 452001 21
Slide 22: Ethos Watch Boutique: 1st Boutique in Faridabad
II Ethos Watch Boutique: 1st Boutique in Faridabad 22 SHGF11, Ground Floor, Pacific - The Mall of Faridabad, 01 Bus Stand, KL Mehta Road, Aravalli Golf Course, New Industrial Township, Faridabad, Haryana - 121001 22
Slide 23: Ethos Watch Boutiques: 1st Boutique in Agra
II Ethos Watch Boutiques: 1st Boutique in Agra 23 Unit No 10, Anjana Central Mall, Mahatma Gandhi Rd, Near Bhagat Marg, Sanjay Place, Civil Lines, Agra, Uttar Pradesh - 282002 23
Slide 24: Ethos Summit: 4th Boutique in Jaipur
II Ethos Summit: 4th Boutique in Jaipur (Our Biggest Boutique – 8070 sq ft) 24 Plot No.-D-235-A in Yojna No.-5, Hanuman Nagar D, Amrapali Marg, Vaishali Nagar, Jaipur, Rajasthan -302021.
Slide 25: Ethos Watch Boutique: 4th Boutique in Pune
II Ethos Watch Boutique: 4th Boutique in Pune 25 UG-61, Phoenix Market City, 207, Viman Nagar Road, Pune, Maharashtra - 411014
Slide 26: 6 New Brands Added
Brand Addition in Q1 FY27 6 New Brands Added 2 26
Slide 27: Brand additions in Q1FY27
III Brand additions in Q1FY27 27 Founded in 2015 in France, Reservoir creates distinctive Founded in 2010 by Julien and Laurent Lecamp, Cyrus Swiss-made watches inspired by precision instruments Genève is an independent Swiss watchmaker renowned for found in automobiles, aviation, diving, and engine
Slide 28: Brand additions in Q1FY27
III Brand additions in Q1FY27 28 Founded in 1969 by legendary watch designer Gérald Genta, the brand is renowned for combining groundbreaking design with exceptional Swiss watchmaking. Celebrated for bold aesthetics, complex complications, and artistic craftsmanship, Gérald Genta created some of hor
Slide 29: Ethos Holding & Subsidiary Structure
IV Ethos Holding & Subsidiary Structure 29 KDDL (Holding Company : 50.12%*) (Manufacturer of watch components) ETHOS LIMITED (Premium & Luxury Retail) Cognition Digital LLP Silvercity Brands AG Favre Leuba GMBH Pasadena Retail Ethos Lifestyle Pvt. Ltd. Micron Watch Service Pvt. Ltd. Ficus Trading LL
Slide 30: For further information, please contact
30 30 For further information, please contact: Company : Investor Relation Advisors Ethos Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L52300HP2007PLC030800 CIN : U74140MH2010PTC204285 Mr. Munish Gupta – Executive Director and Chief Financial Officer Mr. Mandar Chavan / Mr. Shogun Jain munish.gupt