Ethos Ltd. · NSE:ETHOSLTD
Ethos — Q2 & H1 FY25 Earnings Presentation
36 slides from Ethos's earnings presentation, Nov 8, 2024
Slide 1: Exchange filing cover letter for investor presentation
Ref. no. : Ethos/Secretarial/2024-25/49 Dated: November 8, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Mumbai – 400 001 Bandra Kurla Complex, Bandra, Mumbai - 400 051 Scrip Code : 543532 Trading symbol : ETHOSLTD IS
Slide 2: Results Presentation Q2 & H1 FY25
ETHOS LIMITED Results Presentation Q2 & H1 FY25 | November’24 1
Slide 3: 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 4: Q2 & H1 FY25 Performance
Q2 & H1 FY25 Performance 3
Slide 5: Key Highlights – H1FY25
I Key Highlights – H1FY25 4 “Achieving Consistent Growth” REVENUE EBITDA PAT Rs. 570.4 cr Rs. 98.0 cr Rs. 44.0 cr 22.6% YoY 22.2% YoY 19.9% YoY Opened 12 stores till Average Selling Price (ASP) Added 3 watch brands SSG growth for Volume growth of 17% Oct’24 and planned to increased to Rs 2.16 lacs u
Slide 6: Management Commentary
I Management Commentary 5 Commenting on the Results by Mr. Pranav Saboo – MD & CEO “We are pleased to announce a 22.6% growth to Rs 570.4 cr in H1FY25 compared to Rs 465.2 cr in H1FY24. This growth is primarily driven by an increase in the share of luxury and high-luxury segments, a rise in ASP, and
Slide 7: Financial Summary | Consolidated Performance Snapshot (Reported)
I Financial Summary | Consolidated Performance Snapshot (Reported) 6 All Figures in Rs. Crs. Revenue from operations EBITDA EBITDA Margin PAT +26.3% +16.1% +14.0 297.1 48.2 17.3% 21.2 41.5 15.9% 18.6 Q2FY25 235.2 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Revenue from operations EBITDA
Slide 8: Performance Snapshot with Adjustment of Forex Fluctuation
I Financial Summary | Consolidated Performance Snapshot (Reported) with adjustment of Forex Fluctuation 7 If the CHF/INR was at Q1 level, the EBITDA, EBITDA Margin% and PAT would be All Figures in Rs. Crs. Revenue from operations EBITDA EBITDA Margin PAT +26.3% +27.4% +32.7% 297.1 52.9 17.3% 17.5% 2
Slide 9: Consolidated Performance Snapshot | Without IND AS 116
I Financial Summary | Consolidated Performance Snapshot | Without IND AS 116 8 All Figures in Rs. Crs. Revenue from operations EBITDA EBITDA Margin PBT +26.3% +15.8% +17.4% 297.1 36.0 31.7 31.1 13.0% 27.0 Q2FY25 235.2 11.9% Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Revenue from operati
Slide 10: Consolidated Operational Highlights
I Financial Summary | Consolidated Operational Highlights 9 Total Billings Online Billings +26.4% +24.7% 345.9 110.9 273.7 88.9 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Total Billings Online Billings +22.6% +21.3% 664.1 208.7 541.7 172.1 H1FY25 H1FY24 H1FY25 H1FY24 H1FY25
Slide 11: Consolidated Reported Profit & Loss Statement
I Financial Summary | Consolidated Reported Profit & Loss Statement 10 Profit and Loss (in Rs. Crs) Q2FY25 Q2FY24 YoY H1FY25 H1FY24 YoY FY24 Revenue from Operations 297.1 235.2 26.3% 570.4 465.2 22.6% 999.0 Other Income 6.1 4.3 12.5 9.0 23.6 EBITDA Margin Impacted due to an additional Total Income 3
Slide 12: Consolidated Profit & Loss Statement | Without IND AS 116
I Financial Summary | Consolidated Reported Profit & Loss Statement | Without IND AS 116 11 Profit and Loss (in Rs. Crs) Q2FY25 Q2FY24 YoY H1FY25 H1FY24 YoY FY24 Revenue from Operations 297.1 235.2 26.3% 570.4 465.2 22.6% 999.0 Other Income 6.1 4.2 12.5 8.9 21.0 Total Income 303.2 239.4 582.9 474.1
Slide 13: Consolidated Balance Sheet
I Financial Summary | Consolidated Balance Sheet 12 Equity & Liabilities (in Rs. Crs) Sep-24 Mar-24 Assets (in Rs. Crs) Sep-24 Mar-24 Total Equity 928.0 884.0 Non - Current Assets 364.9 306.6 Share Capital 24.5 24.5 Property Plant & Equipment's 85.2 70.3 Other Equity 903.5 859.5 Investment in joint
Slide 14: 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 Factors leading to surge in the demand for
Slide 15: Ethos Store Locations
I Ethos Store Locations 14 ETHOS WATCH BOUTIQUES Mohali Chandigarh Our Store Locations Ludhiana Dehradun Delhi / NCR • 72* stores across 26 cities in India, including Gurugram Noida Siliguri two duty-free stores at the Delhi International Jaipur Lucknow Guwahati Airport and Bengaluru International A
Slide 16: Stores Opened in Q1FY25 (Apr-Jun'24) – 3
Stores Opened in Q1FY25 (Apr-Jun’24) – 3 15
Slide 17: Summit Boutique - Kochi
II Summit Boutique - Kochi 16 Door No. 41, 148, By Pass Road, Next to Bhima Jewellers, Toll Junction, Edappally, Kochi, Kerala - 682024 16
Slide 18: Ethos Boutique - Dehradun
II Ethos Boutique - Dehradun 17 Unit No. 23, Ground Floor, Pacific Mall, Rajpur Road, Dehradun, Uttarakhand - 248006 17
Slide 19: Ethos Boutique - Pune
II Ethos Boutique - Pune 18 Shop No.- UG57, Phoenix Mall of the Millennium, Pune - Bangalore Highway, Shankar Kalat Nagar, Wakad, Pimpri-Chinchwad, Maharashtra, Pune - 411057 18
Slide 20: Stores Opened in Q2FY25 (Jul-Sep'24) – 5
Stores Opened in Q2FY25 (Jul-Sep’24) – 5 19
Slide 21: Summit Boutique, Mall of Asia - Bengaluru
II Summit Boutique, Mall of Asia - Bengaluru 20 UG 06, Phoenix Mall Of Asia, 239/240, Byatarayanapura, Hobli, Bellary Rd, Yelahanka, Bengaluru, Karnataka - 560092 20
Slide 22: Breitling Boutique, Mall of Asia - Bengaluru
II Breitling Boutique, Mall of Asia - Bengaluru 21 Breitling Boutique - UG 07, Phoenix Mall Of Asia, 239/240, Byatarayanapura, Hobli, Bellary Rd, Yelahanka, Bengaluru, Karnataka - 560092 21
Slide 23: Summit Boutique - Mangaluru
II Summit Boutique - Mangaluru 22 Ground Floor, Parin Complex, Collectors Gate, Balmatta, Mangaluru, Karnataka - 575002 22
Slide 24: Summit Boutique, T2 International Airport - Bengaluru
II Summit Boutique, T2 International Airport - Bengaluru 23 Ground Floor, 3T54-05 Terminal 2, Kempegowda International Airport, Bengaluru, Karnataka - 560300 23
Slide 25: Hublot Boutique, Mall of Asia - Bengaluru
II Hublot Boutique, Mall of Asia - Bengaluru 24 Hublot Boutique - UG 59, Phoenix Mall Of Asia, 239/240, Byatarayanapura, Yelahanka, Hobli, Yelahanka Taluk, Bellary Road, Bengaluru, Karnataka - 560092 24
Slide 26: Stores Opened in Q3FY25 (Oct'24) – 4
Stores Opened in Q3FY25 (Oct’24) – 4 25
Slide 27: Bell & Ross Boutique, Mall of Asia - Bengaluru
II Bell & Ross Boutique, Mall of Asia - Bengaluru 26 Bell & Ross Boutique - UG 28A, Phoenix Mall Of Asia, 239/240, Byatarayanapura, Yelahanka, Hobli, Yelahanka Taluk, Bellary Rd, Bengaluru, Karnataka - 560092 26
Slide 28: IWC Boutique, Mall of Asia - Bengaluru
II IWC Boutique, Mall of Asia - Bengaluru 27 IWC Boutique - UG 58, Phoenix Mall Of Asia, 239/240, Byatarayanapura, Yelahanka, Hobli, Yelahanka Taluk, Bellary Road, Bengaluru, Karnataka - 560092 27
Slide 29: Summit, Tagore Garden - New Delhi
II Summit, Tagore Garden - New Delhi 28 Unit No. SH/GF/25, Ground Floor, Pacific Mall, Najafgarh Road, Tagore Garden, Tilak Nagar, New Delhi, Delhi - 110018 28
Slide 30: QLOCKTWO UB City - Bengaluru
II QLOCKTWO UB City - Bengaluru 29 Qlocktwo - Unit No. F-106, UB City, Vittal Mallya Road, Bengaluru, Karnataka- 560001 29
Slide 31: New Brand Added in Q1FY25
New Brand Added in Q1FY25 30
Slide 32: New Marquee Brand Exclusive Partnerships: ID Geneve
IV New Marquee Brand Exclusive Partnerships 31 Signed Swiss Watch Brand ID Geneve ID Geneve was started by three childhood friends in the year 2020 in Geneva, Switzerland. They are not a mere sustainable brand but the first 'Impact Native' luxury watch brand. The Circular 1 collection is the first i
Slide 33: New Marquee Brand Exclusive Partnerships: Singer Reimagined
IV New Marquee Brand Exclusive Partnerships 32 Signed Swiss Watch Brand Singer Reimagined Singer Reimagined is an award-winning high-watchmaking company, based in Geneva. It is part of Singer Group, the Californian-based luxury brand that has become globally renowned for its bespoke restorations of
Slide 34: New Brand Added in Q2FY25
New Brand Added in Q2FY25 33
Slide 35: New Marquee Brand Exclusive Partnerships: HAUTLENCE
IV New Marquee Brand Exclusive Partnerships 34 Launched Swiss Watch Brand HAUTLENCE HAUTLENCE – whose name itself is an anagram of Neuchâtel – pays tribute to the birthplace of the watchmaking art and is one of the original independents as we know them today. Currently located in the canton of Schaf
Slide 36: For further information, please contact
For further information, please contact: Company : Investor Relation Advisors Ethos Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L52300HP2007PLC030800 CIN : U74140MH2010PTC204285 Mr. Munish Gupta – Chief Financial Officer Mr. Shogun Jain/ Mr. Mandar Chavan munish.gupta@ethoswatches.com +91 77383 7