120 per cent returns: This small-cap Luxury watch company reports stellar Q1FY24 results!

The company has delivered great returns of 62 per cent over the past year and stellar returns of 121 per cent from the date of its listing in June 2022.

Ethos Limited is promoted by KDDL Limited and stands as India's largest luxury and premium watch retailer. The company holds a 13 per cent share in premium and luxury retail sales and a 20 per cent share in the exclusive luxury segment in FY20. Ethos offers over 60 premium and luxury watch brands, providing customers with a selection of 7,000+ watches.

It also exclusively retails 42+ brands in India. In addition to watches, the company has ventured into certified pre-owned luxury watches, partnered with brands like Rimowa for luxury luggage and Messika for luxury jewelry. It leads the organized pre-owned watch segment through its brand "secondmovement."

Ethos Ltd recently announced their stellar Q1FY24 results in which sales of the company surged by 32 per cent and stood at Rs 230 crore as compared to Q1FY23, while operating profit of the company grew by 26 per cent to Rs 34 crore as against to Q1FY23. Similarly, net profit of the company jumped by 38 per cent and stood at Rs 18 crore as against to Q1FY23. Furthermore, the company has been able to grow its sales by 20 per cent (CAGR) for the past 3 years and net profit has been grown by 221 per cent (CAGR) over the same period.

The company has delivered great returns of 62 per cent over the past year and stellar returns of 121 per cent from the date of its listing in June 2022. Additionally, the company has a ROCE of 16.4 per cent and a ROE of 13.9 per cent.

On Friday, shares of the company surged by 6.67 per cent and made an intraday high of Rs 1,650.

Investors should keep a close eye on this buzzing stock.

Disclaimer: The article is for informational purposes only and not investment advice.