Ethos Ltd

Q4 FY26Consumer Durables

Ethos Ltd Q4 FY26 Results & Presentation Highlights: Revenue, Margins & Order Book

Q4 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

Read4 min read

Based on Ethos Ltd's Q4 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

Q4 FY26 Revenue from Operations: Rs. Quarterly EBITDA (Q4 FY26): Rs.

From Ethos Ltd's Q4 FY26 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

Q4 FY26 Revenue from Operations: Rs. 414.0 Cr, a 33.3% year-on-year (YoY) increase from Rs. 311.3 Cr in Q4 FY25 (Page 9).
Consolidated FY26 Revenue from Operations: Rs. 1,612.2 Cr, a 28.8% YoY growth over Rs. 1,251.6 Cr in FY25 (Pages 6, 9).
Standalone FY26 Revenue from Operations: Rs. 1,612.6 Cr, up 28.8% YoY from Rs. 1,251.6 Cr in FY25 (Pages 14, 13).
New Boutiques Added: 22 boutiques opened in FY26, expanding network from 73 to 98 boutiques (Pages 6, 5).

2 more points management made on revenue & sales performance

Profitability & Margins

- **Quarterly EBITDA (Q4 FY26):** Rs. 64.7 Cr, up 20.7% YoY (Q4 FY25: Rs. 53.6 Cr) [Page 9] - **Quarterly Operating Margin (EBITDA Margin Q4 FY26):** 15.1%, down from 16.9% in Q4 FY25 [Page 10] - **Quarterly PAT after Minority Interest (Q4 FY26):** Rs. 22.0 Cr, down 2.9% YoY (Q4 FY25: Rs. 22.7 Cr) [Page 9] - **Explicit Margin Outlook:** EBITDA margin was impacted due to additional costs including forex fluctuations, increased manpower for new store addition, and rental costs for nascent-stage stores. A one-time statutory impact from new Labour Codes also affected margins. No direct future margin guidance is stated, but focus remains on disciplined execution and profitable growth (Page 6, 5, 9). All figures are from the consolidated reported financials unless stated otherwise.

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

Capital Expenditure Plans

The investor presentation for Ethos Limited does not explicitly describe any capex, capacity expansion, new plant, or project details including amounts, status, or timelines. Key points related to expansion are: - Network expansion: Growth from 73 boutiques to 98 boutiques across 32 cities, including entry into six new markets (Ranchi, Jodhpur, Srinagar, Kanpur, Agra, Faridabad). - Store additions: 22 new boutiques opened in FY26. - Brand additions: 4 new exclusive brands added in FY26 (3 watches, 1 luggage). - Focus on expanding presence in premium locations and increasing brand visibility.

2 more points management made on capital expenditure plans

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Ranked on what management guided this quarter

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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 presentation does not explicitly mention any fundraising through debt or equity during FY26.
Borrowings remain negligible or zero in both standalone and consolidated balance sheets for FY25 and FY26:
Standalone borrowings: ₹0.00 crore for both years (Page 14, 39).
Consolidated borrowings: ₹0.10 crore in Mar-25 and ₹0.10 crore in Mar-26 (Page 12, 39).
Lease liabilities have increased from ₹235.5 crore to ₹253.6 crore (standalone) and ₹245.0 crore to ₹262.6 crore (consolidated), reflecting lease obligations, not new borrowings.
No direct commentary on changes in net debt or new fundraising was provided.

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 any details regarding order book, order inflow, or pending orders. The document primarily includes the following relevant information: - Revenue from operations, financial results, and operational highlights for Q4 FY26 and FY26. - Store additions and brand additions during FY26 and Q1FY27. - Information on boutique counts and expansions. - Financial metrics such as EBITDA, PAT, margins, and balance sheet summaries.

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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Nitco Ltd (Q4 FY26)
Q4 FY26 Revenue from operations: INR 151.75 crores, up 63% YoY from INR 92.93 crores in Q4 FY25. Key investor presentation takeaways from Nitco Ltd's Q4 FY26 in
Timex Group India Ltd (Q4 FY26)
Total Income for Q4 ended 31st March 2026 was ₹23,583 lakhs, a 73% growth YoY from ₹13,611 lakhs in Q4 of the previous year. Key investor presentation takeaways
Pokarna Ltd (Q4 FY26)
170.96 Cr (Page 8) . Key investor presentation takeaways from Pokarna Ltd's Q4 FY26 investor presentation — and how it ranks against sector peers.

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Frequently Asked Questions

What were Ethos Ltd Q4 FY26 results?

Q4 FY26 Revenue from Operations: Rs. Quarterly EBITDA (Q4 FY26): 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 investor presentation for Ethos Limited does not explicitly describe any capex, capacity expansion, new plant, or 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.