And Grand Prix d’Horlogerie de Genève honours for pre-award show go to Ethos
MUMBAI, June 2 (The CONNECT) – Geneva-based GPHG (Grand Prix d’Horlogerie de Genève), the premier global award for excellence in watchmaking, widely acknowledged as the OSCARS of the watch business, has chosen India’s luxury and premium watch major Ethos as the partner for the unique pre-award exhibition in 2022 in New Delhi. The event will be held in October 2022 with ETHOS as the sole watch retail partner. The GPHG Academy currently encompasses 650 industry stakeholders
Meanwhile, Ethos Limited has recorded revenues from operations of ₹577.28 crore for the full year ended March 31st, 2022 as compared to ₹386.57 crore in FY21.
The Company’s Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) stood at ₹79.41 crore in FY22, as against ₹56.10 crore in FY21. The Company’s EBITDA margin stood at 13.46% in FY22 vs 13.96% in FY21 primarily on account of rental waiver due to COVID -19 lockdowns.
Ethos recorded Profit Before Tax (PBT) of at ₹31.53 crore for FY22 as compared to ₹6.72 crore in FY21. The Company’s PBT margin stood at 5.34% in FY22 vs 1.67% in FY21Profit After Tax (PAT) stood at ₹23.39 crore for FY22 as against ₹4.76 crore in FY21. The Company’s PAT margin stood at 3.96% in FY22 vs 1.18% in FY21.
Ethos Limited is one of the country’s largest luxury and premium watch retail player with 13% share of the total retail sales in premium and luxury segment and a share of 20% in exclusively luxury segment in the financial year 2020.
It has a sizeable portfolio of premium and luxury watches in India and retail to over 50 premium and luxury watch brands of which over 30 brands are available exclusively at Ethos.