Ethos shares jumped to an intraday peak of ₹3,090.40 on the NSE, climbing 20% after the company announced a 47% increase in consolidated net profit for the first quarter. The stock later trimmed some gains as investors booked profits and closed at ₹2,902.50, up 12.7% from the previous close. The rally marked the biggest single‑day rise in the company’s history. For the June quarter, Ethos reported a consolidated net profit of ₹28 crore, up from ₹19 crore in the same period last year. Revenue from operations grew 34% to ₹462 crore, compared with ₹346 crore a year earlier. Managing Director and CEO Pranav Saboo said the company started FY27 on a strong note, with consolidated revenue of ₹461.7 crore in the first quarter, up 33.3% year‑on‑year. He attributed the performance to sustained demand for luxury products in India, backed by the brand portfolio, execution and focus on customer experience. Saboo added that the retail network expanded during the quarter, with boutiques rising to 103 across 34 cities from 94 across 30 cities at the end of FY26. New market entries included Agra, Faridabad, Amritsar and Visakhapatnam. The company will continue to focus on expansion while strengthening its presence in existing markets and entering new ones. In the March quarter, Ethos had reported a 33% rise in revenue to ₹414 crore from ₹311 crore a year earlier, but net profit fell to ₹22 crore from ₹22.7 crore.
Ethos Watch Retailer Soars 20% on Q1 Profit Surge
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