Ethos Ltd

Q3 FY25Consumer Durables

Ethos Ltd Q3 FY25 Results & Presentation Highlights: Revenue ₹369.9 Cr, Operating margin 16.7%

Q3 FY25 investor presentation: what the company reported on revenue, margins and projects.

Price₹2,606

Market cap₹7.1K Cr

P/E67.4

Updated25 Sept 2026

Read4 min read

Based on Ethos Ltd's Q3 FY25 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Q3 FY25 revenue from operations: ₹369.9 crore, up 31.5% YoY from ₹281.2 crore in Q3 FY24. Q3 FY25 EBITDA: Rs.

From Ethos Ltd's Q3 FY25 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

Q3 FY25 revenue from operations: ₹369.9 crore, up 31.5% YoY from ₹281.2 crore in Q3 FY24.
9M FY25 revenue from operations: ₹940.3 crore, up 26.0% YoY from ₹746.5 crore in 9M FY24.
Digitally assisted sales for Q3 FY25: ₹146.4 crore, up 53.9% YoY from ₹95.1 crore in Q3 FY24.
Total billings for Q3 FY25: ₹431.0 crore, up 31.4% YoY from ₹328.0 crore in Q3 FY24.
Average selling price per watch for 9M FY25 increased by 11.2% YoY, reaching ₹2,07,513.
Added 5 stores in Q3 FY25; total 13 stores added in 9M FY25, overall store count 73.

2 more points management made on revenue & sales performance

Profitability & Margins

- Q3 FY25 EBITDA: Rs. 62.8 crore, up 23.6% YoY (from Rs. 50.8 crore in Q3 FY24) - Q3 FY25 Operating margin (EBITDA margin): 16.7%, down from 17.7% in Q3 FY24 - Q3 FY25 Profit After Tax (PAT): Rs. 29.5 crore, up 15.6% YoY (from Rs. 25.5 crore in Q3 FY24) Explicit margin outlook:

2 more points management made on profitability & margins

See what Ethos Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The presentation does not explicitly mention any specific capital expenditure (capex) amounts or new plant/project investments.
Expansion is primarily through opening new stores: 5 stores opened in Q3FY25, totaling 13 stores in 9MFY25, with an overall count of 73 stores.
Entered three new cities in FY25: Dehradun, Kochi, and Mangaluru.
Opened 2nd Duty-Free Store at Bengaluru Airport, presence now in 26 cities.
Despite challenges due to pollution control restrictions (GRAP) affecting boutique construction/renovation for about 75 days, the company remains committed to opening 6 additional boutiques by the end of FY25.

2 more points management made on capital expenditure plans

Top-ranked in Consumer Durables

Ranked on what management guided this quarter

5x potential

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5₹1.6K Cr

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The investor presentation does not explicitly mention any fundraising activities through debt or equity.
There is no direct reference to any change in borrowings or net debt in the provided slides.
Finance cost figures are reported in the financial summaries (e.g., Rs. 5.2 Cr for Q3 FY25 vs Rs. 4.0 Cr normalized EBIT on page 10 and consistent finance cost levels shown on pages 9 and 11), but there is no commentary on new debt issuance or repayment.

2 more points management made on fundraising & capital structure

See what Ethos Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation reports the following regarding order book/order inflow/pending orders: - Total billings (indicative of order inflow or sales bookings) were: - Q3FY25: Rs. 431.0 crore, a 31.4% increase over Q3FY24. - 9MFY25: Rs. 1,095.1 crore, a 25.9% increase over 9MFY24. - Digitally assisted sales (a component of order inflow) were:

2 more points management made on order book & pipeline

Ethos Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹414 Cr, net profit ₹23 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Ethos Ltd's management said in earlier quarters

Others in Consumer Durables this season

Relaxo Footwears Ltd (Q3 FY25)
Q3FY25 Revenue from Operations: ₹666.90 Cr, down 6.43% YoY from ₹712.71 Cr in Q3FY24 (Page 23). Key investor presentation takeaways from Relaxo Footwears Ltd's
Sirca Paints India Ltd (Q3 FY25)
Revenue from Operations for Q3 FY25: INR 88.71 crore, up 22.4% YoY from INR 72.49 crore in Q3 FY24. Key investor presentation takeaways from Sirca Paints India
Wonder Electricals Ltd (Q3 FY25)
Q3 FY25 Revenue from Operations: ₹221.53 Crores, up 68.90% YoY from ₹131.16 Crores in Q3 FY24 (Page 11, 8). Key investor presentation takeaways from Wonder Elec
Asian Granito India Ltd (Q3 FY25)
Q3FY25 Revenue from Operations: ₹360.02 crore, down 3% YoY from ₹371.23 crore in Q3FY24 (Consolidated). Key investor presentation takeaways from Asian Granito I

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Frequently Asked Questions

What were Ethos Ltd Q3 FY25 results?

Q3 FY25 revenue from operations: ₹369.9 crore, up 31.5% YoY from ₹281.2 crore in Q3 FY24. Q3 FY25 EBITDA: Rs.

What is Ethos Ltd share price analysis?

Ethos Ltd currently shows a neutral. The stock trades at a P/E of 67.4 with a market cap of ₹7,122 Cr. Investors should review the full earnings analysis for detailed insights.

Is Ethos Ltd planning capital expenditure?

The presentation does not explicitly mention any specific capital expenditure (capex) amounts or new plant/project investments.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.