The shares of the premium watch manufacturer fell up to 2.2 percent in today’s trading session after a prominent foreign institutional investor offloaded 1,77,943 equity shares via a bulk deal.
With a market capitalization of Rs 7,232.20 crore, the shares of Ethos Ltd were trading at Rs 2,702.85 per share, decreasing around 0.70 percent as compared to the previous closing price of Rs 2,721.80 apiece.
The shares of Ethos Ltd have seen bearish movement after Goldman Sachs Funds – Goldman Sachs India Equity, a prominent foreign institutional firm, offloaded 1,77,943 equity shares via a bulk deal at an average price of Rs 2,700.67 per share. This transaction is valued at Rs 48 crore.
However, as of March 2025, Goldman Sachs Funds – Goldman Sachs India Equity owns 3,43,347 equity shares, which are equivalent to 1.40 percent of the company.
Looking forward to the company’s financial performance, revenue increased by 23 percent from Rs 253 crore in Q4FY24 to Rs 311 crore in Q4FY25. Further, during the same time frame, net profit increased by 10 percent from Rs 21 crore to Rs 23 crore.
Ethos Watch Boutiques operates 73 stores across 26 Indian cities, including duty-free outlets at Delhi and Bengaluru airports. Offering 70+ global luxury watch brands, Ethos has expanded into Kochi, Dehradun, and Mangaluru this year. Its widespread presence highlights strong retail penetration and leadership in India’s premium watch segment.
Ethos Ltd is an India-based company that is a luxury and premium watch retailer. The Company is engaged in delivering a content-led retail experience through its online and physical presence. It also offers an omnichannel experience through its Website and social media platforms.
Written by Abhishek Singh
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