Ethos Ltd (BOM:543532)
₹ 3288.8 -64.05 (-1.91%) Market Cap: 80.51 Bil Enterprise Value: 78.58 Bil PE Ratio: 89.44 PB Ratio: 9.07 GF Score: 54/100

Q1 2025 Ethos Ltd Earnings Call Transcript

Aug 14, 2024 / 09:15AM GMT
Release Date Price: ₹3142.6 (-1.20%)

Key Points

Positve
  • Revenue from operations increased by 18.8% to INR273.2 crore.
  • EBITDA grew by 28.7% YoY to INR49.7 crore, with an EBITDA margin of 17.8%.
  • Profit after tax rose by 25.6% to INR22.8 crore.
  • Successful launch of three new boutiques in Kochi, with plans to open five more in the second quarter.
  • Introduction of new ERP system, enhancing tech integration, compliance, and decision-making capabilities.
Negative
  • Extreme heat wave and national elections led to fewer customer walk-ins and impacted sales.
  • Logistical challenges due to natural calamities in Switzerland affected committed sales.
  • Deployment and testing of the new ERP system caused a three-day operational shutdown.
  • Gross margins were impacted due to higher discounts offered during the quarter.
  • Challenges in sourcing watches and training watchmakers limited the growth of the pre-owned watch segment.
Operator

Ladies and gentlemen, good day, and welcome to the Ethos Limited Q1 FY25 earnings conference call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not guarantees of the future performance and involve risks and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen only mode. There will be an opportunity for you to ask questions after the presentation concludes. Should you need any assistance during this conference call, please signify an operator by pressing star and then zero on your touchtone telephone. Please note that this conference call is being recorded.

I now hand the conference over to Mr. Pranav Sabal, MD and CEO of Vitoss limits. Thank you, and over to you, sir.

Pranav Saboo
Ethos Ltd - Chief Executive Officer

Good afternoon, everyone. Thank you for joining us on the Ethos Limited Q1 FY25 earnings conference call. I hope everyone had a chance to

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