India's Ethos slips after drop in quarterly profit

Ethos

13/05/2026 07:29

** Shares of Ethos ETHO.NS fall 3.06% to 2,289 rupees

** Luxury watch retailer's quarterly profit falls about 3.3% to 220 million rupees ($2.30 million), hurt by margin pressure from higher cost

** Total expenses jumped nearly 38%, weighing on profitability

** Revenue from operations rose ~33% y/y, driven by strong demand across luxury segments

** YTD, stock down about 23%

($1 = 95.5825 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

((Bipasha.Dey@thomsonreuters.com;))