What we do Ethos Limited operates a retail chain of luxury watch boutiques in India, offering over 50 premium and luxury watch brands plus certified pre-owned watches. |
Founded in 2,007 |
Market share Leading luxury watch retailer in India with expansive retail network across 25 cities and growing presence. |
Problem solved Provides access to authentic luxury watches and certified pre-owned options supported by expert after-sales service. |
Top clients or who we serve Affluent individual consumers seeking premium and luxury watches and lifestyle accessories; B2C focused. |
Key management Mr. Yashovardhan Saboo, Chairman and Managing Director; Mr. Pranav Saboo, Managing Director and CEO; Executive Directors with industry expertise. |
Our journey and innovations From first store in 2003 to 89 boutiques today, introduced Club Echo loyalty, launched pre-owned watches retail and exclusive lifestyle brands. |
Where we operate Present in 27 cities across 19 states in India including metros and emerging luxury markets. |
Top products or what we offer Wide range of luxury watches from brands like Omega, IWC, Jaeger-LeCoultre, plus certified pre-owned watch lounges and lifestyle accessories. |
Top brands Omega, IWC Schaffhausen, Jaeger LeCoultre, Panerai, Bvlgari, Messika, Rimowa; each commanding respect in luxury category. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily cyclical driven by luxury sales; growing recurring revenue from after-sales and service centers. |
Our industry position Market leader in luxury watch retail with a strong network, brand portfolio and digital-first customer engagement strategy. |
Financial highlights FY25 consolidated revenue Rs 1,275.9 Cr (+25%), PAT Rs 95.3 Cr; steady EBITDA margins around 15%. |
Geographical revenue split Revenue primarily from Indian market with expanding presence in urban and emerging tier 2-3 cities. |
Order book - |
Whats driving growth Network expansion, omni-channel retailing, digital marketing, and entry into lifestyle luxury segments drive growth. |
Our future plans Open new boutiques in emerging cities, expand lifestyle vertical, invest in digital capabilities and customer experience. |
Our green promise Supports green initiatives with digital communications and reduced paper usage to minimize carbon footprint. |
Our people and values Diverse workforce focused on luxury retail expertise, customer centricity and ethical business practices. |
Key challenges ahead Volatile foreign exchange, premium product sourcing, maintaining brand equity and intense market competition. |
Interesting facts Operates state-of-the-art Swiss-certified service center with horological engineers having 10+ years experience. |
Risks and strategy Risks include forex fluctuations and market cyclicality; mitigated by expanding product mix, digital outreach, and premium locations. |
