Ethos Ltd Q4 net profit rises 8 percent to Rs 23 crore
Luxury watch retailer Ethos Ltd reported an 8 percent increase in net profit to Rs 23 crore ($2.8 million) for the fourth quarter ended March 31, as against Rs 21 crore in the year-ago quarter.
The company's revenue rose 23 year-on-year to Rs 311 crore, as compared to Rs 252 in the corresponding quarter of the previous fiscal year.
Total expenses for the quarter jumped 23 percent to Rs 286 crore, compared to Rs 233 crore posted in the corresponding quarter last year.
For the full financial year, Ethos reported a net profit of Rs 96 crore on a revenue of Rs 1,252 crore.
Founded in 2003, Ethos operates over 70 watch boutiques in 23 cities across India. It offers more than 70 premium watch brands, including Rolex, Tissot, Breitling, BVLGARI, Maserati, Corum, Hublot, Rado, Tag Heuer, Armin Strom among many others.
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