Ethos Ltd

Q3 FY26Consumer Durables

Ethos Ltd Q3 FY26 Results & Presentation Highlights: Revenue ₹468.5 Cr, PAT ₹30.4 Cr

Q3 FY26 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

Read5 min read

Based on Ethos Ltd's Q3 FY26 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

Q3FY26 Revenue from Operations (Consolidated): Rs 468.5 Cr, up 26.7% YoY from Rs 369.9 Cr in Q3FY25 (Page 9). Q3FY26 EBITDA: Rs 76.9 Cr, up 22.5% YoY (Page 9) - Q3FY26 EBITDA margin: 15.9%, down from 16.7% YoY (Page 9) - Q3FY26 PAT after Minority Interest: Rs 30.4 Cr, up 3.2% YoY (Page 9) - Q3FY26 PAT margin after Minority Interest: 6.3%, down slightly from 7.9% YoY (Page 13) - Margin outlook: The presentation mentions an EBITDA margin impact due to: • Forex fluctuations (CHF appreciation) • Increased manpower for new store additions • Rental costs for new stores in early sales stages (Pages 12 & 13) - Management commentary highlights cautious pricing to protect brand equity, resulting in partial pass-through of forex impact and some margin pressure (Page 6).

From Ethos Ltd's Q3 FY26 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

Q3FY26 Revenue from Operations (Consolidated): Rs 468.5 Cr, up 26.7% YoY from Rs 369.9 Cr in Q3FY25 (Page 9).
Q3FY26 Revenue from Operations (Standalone): Rs 470.9 Cr, up 27.3% YoY from Rs 392.5 Cr in Q3FY25 (Page 13).
9MFY26 Revenue from Operations (Consolidated): Rs 1,198.2 Cr, up 27.4% YoY from Rs 940.3 Cr in 9MFY25 (Pages 6, 9).
21 new boutiques opened in 9MFY26 including 10 exclusive and 8 multi-brand stores (Page 7).
Average Selling Price (ASP): Rs 2.08 Lacs (Page 7).
Same Store Sales Growth: 14.1% (Page 7).

2 more points management made on revenue & sales performance

Profitability & Margins

- Q3FY26 EBITDA: Rs 76.9 Cr, up 22.5% YoY (Page 9) - Q3FY26 EBITDA margin: 15.9%, down from 16.7% YoY (Page 9) - Q3FY26 PAT after Minority Interest: Rs 30.4 Cr, up 3.2% YoY (Page 9) - Q3FY26 PAT margin after Minority Interest: 6.3%, down slightly from 7.9% YoY (Page 13) - Margin outlook: The presentation mentions an EBITDA margin impact due to: • Forex fluctuations (CHF appreciation) • Increased manpower for new store additions

2 more points management made on profitability & margins

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

Capital Expenditure Plans

The investor presentation does not explicitly mention any capex, capacity expansion, or new plant/project details including amounts, status, or timelines. The following related points can be inferred from the report: - Expansion focus is on store/boutique rollout: 21 boutiques opened in 9MFY26, including exclusive, multi-brand, CPO, and lifestyle boutiques. - Expansion from 73 boutiques as of March 31, 2025, to 89 boutiques by February 2026. - New locations include Ranchi, Jharkhand. - Growth driven by network expansion, brand partnerships, and premium store locations.

2 more points management made on capital expenditure plans

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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 provided does not explicitly mention any fundraising through debt or equity, nor does it state any change in borrowings or net debt. Key observations: - No references to new debt issuances, equity offerings, or capital raising activities. - Finance cost is reported in financial summaries, showing figures but without commentary on new borrowings or repayment actions. - Management commentary and financial highlights focus on operational performance, revenue growth, boutique expansion, forex impact, and labour code impacts.

- No mention of changes in net debt or borrowings in the standalone or consolidated financial statements or management discussion. - The presentation centers around business performance, boutique openings, brand additions, and financial results rather than capital structure changes. Therefore, based on the information in this presentation, no fundraising or changes in borrowings/net debt are indicated.

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 does not explicitly report or mention any figures related to order book, order inflow, or pending orders. The presentation primarily focuses on: - Revenue, EBITDA, PBT, and PAT performance for Q3 and 9MFY26 (pages 6-13). - Store additions and boutique counts across quarters and fiscal year (pages 15-31). - Impact of foreign exchange fluctuations on margins. - Expansion strategy and operational highlights.

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

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Frequently Asked Questions

What were Ethos Ltd Q3 FY26 results?

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 investor presentation does not explicitly mention any capex, capacity expansion, or new plant/project details including amounts, status, or timelines.

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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.