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Ethos is India’s largest luxury and premium watch retail player, delivering a content-led luxury retail experience to its customers through online and physical presence.
In addition to its chain of 50 physical retail stores in 17 cities in India in a multi-store format, Ethos offers an Omnichannel experience to its customers through our website and social media platforms.
The firm has the largest portfolio of premium and luxury watches in India enabling Ethos to retail 50 premium and luxury watch brands like Omega, IWC Schaffhausen, Jaeger LeCoultre, Panerai, Bvlgari, H. Moser & Cie, Rado, Longines, Baume & Mercier, Oris SA, Corum, Carl F. Bucherer, Tissot, Raymond Weil, Louis Moinet and Balmain.
Ethos enjoys a healthy market share of 20% in the luxury watch retail segment and 13% in the premium and luxury watch retail segment in India.
|Entity Name||By the Company||Against the Company||By the Director||Against the Director||By the Promoter||Against the Promoter|
|Material civil cases||1||1||-||1||-||2|
|Income Statement(in Milllions)||Sep'21||FY21||FY20||FY19|
|Gross Operating Income||23,086.00||40,314.23||46,100.56||44,509.63|
|Cost of Employee & Inventory||1,928.78||2,920.31||3,317.02||3,312.52|
|Profit Before Tax||499.55||809.73||198.57||1,647.79|
|Profit After Tax||375.41||578.53||-133.40||988.88|
Yashovardhan Saboo, KDDL Limited, and Mahen Distribution Limited
No Listed Peer
The proceeds from the sale of shares by shareholders worth Rs 97.29 crores will not go to the company.
The proceeds from the sale of fresh equity shares worth Rs 375 crores will be utilized for the following: • Repayment or pre-payment, in full or in part, of all or certain borrowings availed by our Company. • Funding working capital requirements of our Company. • Financing the capital expenditure for establishing new stores. • Financing the renovation of certain existing stores and up-gradation of enterprise resource planning software. • General corporate purpose.