Q2 2025 Ethos Ltd Earnings Call Transcript
Key Points
- Revenue from operations increased by 26.3% in Q2 FY25 compared to Q2 FY24, reaching INR297.1 crores.
- EBITDA grew by 16.1% year-on-year to INR48.2 crores in Q2 FY25.
- PAT increased by 14% to INR21.2 crores in Q2 FY25.
- The company opened 12 new stores from April 2024 to the present, with plans to add 13 more by the end of FY25.
- Ethos Ltd signed exclusive agreements with three new luxury watch brands, enhancing its product offerings.
- EBITDA margin slightly decreased to 15.9% in Q2 FY25 due to additional costs from ForEx fluctuations and new store expenses.
- The company faced challenges such as extreme weather conditions, slower cash movements due to elections, and fewer walk-ins.
- Foreign exchange fluctuations resulted in a ForEx loss of approximately INR4.65 crores.
- The ÅrÄddha period affected business activities, occurring in Q2 instead of Q3.
- Concerns about a potential GST increase could impact pricing and demand elasticity in the luxury watch market.
Ladies and gentlemen, good day and welcome to the Q2 and H1 FY25 earnings conference call of Ethos Limited. This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions, and expectations of the company as on the date of this call. These statements are not the guarantees of future performance, and involve risks and uncertainties that are difficult to predict.
(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Pranav Saboo, MD and CEO, Ethos Limited. Thank you and over to you, sir.
Good evening, everyone. Thank you for joining us on the Ethos Limited Q2 and H1 FY25 earnings conference Call. I hope everyone had a chance to view our financial results and investor presentation, which were recently posted on the company's website and stock exchanges.
I am accompanied by our CFO, Mr. Munish Gupta; and our COO, Mr. Mukul Khanna; and SGA, our Investor Relations advisor. Let me start
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