Slide 1: Cover letter to stock exchanges on earnings call presentation
Ref. No.: Ethos/Secretarial/2025-26/14 Dated: May 5, 2025 Corporate Service Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra, Mumbai – 400001 Mumbai - 400051 Scrip Co
Slide 2: Ethos Limited Results Presentation Q4 & FY25
ETHOS LIMITED Results Presentation Q4 & FY25 | May’25 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: Q4 & FY25 Performance
Q4 & FY25 Performance 3
Slide 5: Management Commentary
I Management Commentary 4 Commenting on the Results by Mr. Pranav Saboo – MD & CEO “We are pleased to share that Ethos has delivered a robust financial performance for Q4 and the full year FY25, underscoring the strength of our brand portfolio and continued execution of our growth strategy. Revenue
Slide 6: Key Highlights FY'25
I Key Highlights FY’25 5 “Built on Consistency, Driven by Purpose” REVENUE EBITDA PAT Rs. 1,251.6 cr Rs. 214.4 cr Rs. 96.3 cr 25.3% YoY 22.3% YoY 15.6% YoY 01 02 03 04 In FY25, we added six SSG (Same Store Billing from CPO ASP (Average selling exclusive brands, Growth) for FY25 stood (https://www.se
Slide 7: Consolidated Performance Snapshot (Reported)
I Financial Summary | Consolidated Performance Snapshot (Reported) 6 All Figures in Rs. Crs. Revenue from operations EBITDA EBITDA Margin PAT +23.3% +8.1% +20.7% 311.3 53.6 17.0% 16.9% 22.7 21.0 Q4FY25 252.5 44.4 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Revenue from operations EBITDA
Slide 8: 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 Margin PBT +23.3% +27.8% +21.6% 311.3 39.1 32.7 Q4FY25 252.5 30.6 11.9% 12.3% 26.9 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Revenue from operati
Slide 9: Consolidated Operational Highlights
I Financial Summary | Consolidated Operational Highlights 8 Total Billings Digitally assisted sale +23.0% +49.9% 361.5 137.0 294.0 Q4FY25 91.4 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Total Billings Digitally assisted sale +25.2% +37.2% 1,456.6 492.0 1,163.8 358.6 FY25 FY24 FY25 FY24 FY25
Slide 10: Consolidated Reported Profit & Loss Statement
I Financial Summary | Consolidated Reported Profit & Loss Statement 9 Profit and Loss (in Rs. Crs) Q4FY25 Q4FY24 YoY FY25 FY24 YoY Revenue from Operations 311.3 252.5 23.3% 1,251.6 999.0 25.3% Other Income 6.0 8.4 24.3 23.6 Total Income 317.3 260.9 21.6% 1,275.9 1,022.6 24.8% Cost of Goods Sold 214.
Slide 11: Consolidated Profit & Loss Statement Without IND AS 116
I Financial Summary | Consolidated Reported Profit & Loss Statement | Without IND AS 116 10 Profit and Loss (in Rs. Crs) Q4FY25 Q4FY24 YoY FY25 FY24 YoY Revenue from Operations 311.3 252.5 23.3% 1,251.6 999.0 25.3% Other Income 5.0 5.9 22.8 21.0 Total Income 316.3 258.5 22.4% 1,274.4 1,020.0 24.9% C
Slide 12: Consolidated Balance Sheet
I Financial Summary | Consolidated Balance Sheet 11 Equity & Liabilities (in Rs. Crs) Mar-25 Mar-24 Assets (in Rs. Crs) Mar-25 Mar-24 Total Equity 982.2 884.0 Non - Current Assets 519.1 306.6 Share Capital 24.5 24.5 Property Plant & Equipment's 128.3 70.3 Other Equity 957.7 859.5 Investment in joint
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 12 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 luxu
Slide 14: Ethos Store Locations
I Ethos Store Locations 13 ETHOS WATCH BOUTIQUES Mohali Chandigarh Our Boutiques Locations Ludhiana Dehradun Delhi / NCR • 73* boutiques across 26 cities in India, Gurugram Noida Siliguri including two duty-free stores at the Delhi Jaipur Lucknow Guwahati International Airport and Bengaluru Internat
Slide 15: Boutiques Opened in Q4FY25
Boutiques Opened in Q4FY25 (Jan-Mar’25) – 1 14
Slide 16: Ethos Summit, Sunview Enclave, Ludhiana
II Ethos Summit , Sunview Enclave – 2nd Boutique at Ludhiana, Punjab Ethos Summit - Ground and First floor, SCO-5, Sunview Enclave, Ayali Kalan, Ferozepur Road, Ludhiana, Punjab - 142027 15
Slide 17: Boutiques Opened in Q3FY25
Boutiques Opened in Q3FY25 (Oct-Dec’24) – 5 16
Slide 18: Bell & Ross Boutique, Mall of Asia, Bengaluru
II Bell & Ross Boutique, Mall of Asia - Bengaluru Bell & Ross Boutique - UG 28A, Phoenix Mall Of Asia, 239/240, Byatarayanapura, Yelahanka, Hobli, Yelahanka Taluk, Bellary Rd, Bengaluru, Karnataka - 560092 17
Slide 19: IWC Boutique, Mall of Asia, Bengaluru
II IWC Boutique, Mall of Asia - Bengaluru IWC Boutique - UG 58, Phoenix Mall Of Asia, 239/240, Byatarayanapura, Yelahanka, Hobli, Yelahanka Taluk, Bellary Road, Bengaluru, Karnataka - 560092 18
Slide 20: Summit, Tagore Garden, New Delhi
II Summit, Tagore Garden - New Delhi Unit No. SH/GF/25, Ground Floor, Pacific Mall, Najafgarh Road, Tagore Garden, Tilak Nagar, New Delhi, Delhi - 110018 19
Slide 21: Qlocktwo UB City, Bengaluru
II QLOCKTWO UB City - Bengaluru Qlocktwo - Unit No. F-106, UB City, Vittal Mallya Road, Bengaluru, Karnataka- 560001 20
Slide 22: 2nd Ethos Boutique at Kolkata
II Store Details – 2nd Ethos Boutique at Kolkata GF-S005, South City Mall, 375, Prince Anwar Shah Road, South City Complex, Jadavpur, Kolkata, West Bengal - 700068 21
Slide 23: Boutiques Opened in Q2FY25
Boutiques Opened in Q2FY25 (Jul-Sep’24) – 5 22
Slide 24: Summit Boutique, Mall of Asia, Bengaluru
II Summit Boutique, Mall of Asia - Bengaluru UG 06, Phoenix Mall Of Asia, 239/240, Byatarayanapura, Hobli, Bellary Rd, Yelahanka, Bengaluru, Karnataka - 560092 23
Slide 25: Breitling Boutique, Mall of Asia, Bengaluru
II Breitling Boutique, Mall of Asia - Bengaluru Breitling Boutique - UG 07, Phoenix Mall Of Asia, 239/240, Byatarayanapura, Hobli, Bellary Rd, Yelahanka, Bengaluru, Karnataka - 560092 24
Slide 26: Summit Boutique, Mangaluru
II Summit Boutique - Mangaluru Ground Floor, Parin Complex, Collectors Gate, Balmatta, Mangaluru, Karnataka - 575002 25
Slide 27: Summit Boutique, T2 International Airport, Bengaluru
II Summit Boutique, T2 International Airport - Bengaluru Ground Floor, 3T54-05 Terminal 2, Kempegowda International Airport, Bengaluru, Karnataka - 560300 26
Slide 28: Hublot Boutique, Mall of Asia, Bengaluru
II Hublot Boutique, Mall of Asia - Bengaluru Hublot Boutique - UG 59, Phoenix Mall Of Asia, 239/240, Byatarayanapura, Yelahanka, Hobli, Yelahanka Taluk, Bellary Road, Bengaluru, Karnataka - 560092 27
Slide 29: Boutiques Opened in Q1FY25
Boutiques Opened in Q1FY25 (Apr-Jun’24) – 3 28
Slide 30: Summit Boutique, Kochi
II Summit Boutique - Kochi Door No. 41, 148, By Pass Road, Next to Bhima Jewellers, Toll Junction, Edappally, Kochi, Kerala - 682024 29
Slide 31: Ethos Boutique, Dehradun
II Ethos Boutique - Dehradun Unit No. 23, Ground Floor, Pacific Mall, Rajpur Road, Dehradun, Uttarakhand - 248006 30
Slide 32: Ethos Boutique, Pune
II Ethos Boutique - Pune Shop No.- UG57, Phoenix Mall of the Millennium, Pune - Bangalore Highway, Shankar Kalat Nagar, Wakad, Pimpri-Chinchwad, Maharashtra, Pune - 411057 31
Slide 33: Total 6 new brands in FY25
Total 6 new brands in FY25 32
Slide 34: New Marquee Brand Partnership: Christiaan van der Klaauw
III New Marquee Brand Exclusive Partnerships 33 Launched Dutch Watch Brand Christian van der Klaauw Christian van der Klaauw is a prestigious Dutch watch brand renowned for its mastery of astronomical complications. Founded in 1974 by master watchmaker Christiaan van der Klaauw, the brand specialise
Slide 35: New Marquee Brand Partnership: Carl Suchy & Söhne
III New Marquee Brand Exclusive Partnerships 34 Signed Austrian Watch Brand Carl Suchy & Söhne Carl Suchy & Söhne is a historic Austrian watch brand with roots dating back to 1822. Known as the official watchmaker of the Habsburg court, the brand crafted elegant timepieces for European aristocracy.
Slide 36: New Marquee Brand Partnership: Zero Halliburton
III New Marquee Brand Exclusive Partnerships 35 Signed American Brand Zero Haliburton Zero Halliburton is an iconic American brand renowned for its premium aluminium luggage and cases. Founded in 1938, the brand gained fame for its durable, aerospace-inspired designs, originally created to withstand
Slide 37: New Marquee Brand Partnership: HAUTLENCE
III New Marquee Brand Exclusive Partnerships 36 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 Scha
Slide 38: New Marquee Brand Partnership: ID Geneve
III New Marquee Brand Exclusive Partnerships 37 Launched 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 firs
Slide 39: New Marquee Brand Partnership: Singer Reimagined
III New Marquee Brand Exclusive Partnerships 38 Launched 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
Slide 40: Ethos Legal Structure
IV Ethos Legal Structure 39 ETHOS LIMITED (Premium & Luxury Watch Retail) Cognition Digital Ethos Lifestyle Pvt. Ficus Trading LLC, Silvercity Brands AG Favre Leuba GMBH Pasadena Retail Pvt. LLP, India Ltd., India Dubai Switzerland Switzerland Ltd., India (100% WOS) (100% WOS) (100% WOS) (Associate-
Slide 41: 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. Mandar Chavan / Mr. Shogun Jain munish.gupta@ethoswatches.com +91 96993