Mumbai, Aug. 3 -- Profit before tax (PBT) rose 49.87% YoY to Rs 39.13 crore in Q1 FY27.

Operating performance remained strong, with EBITDA rising 44.1% YoY to Rs 74.8 crore from Rs 52 crore in Q1 FY26. EBITDA margin expanded to 15.7% from 14.8%

Operational metrics also remained encouraging. The average selling price (ASP) per watch increased 6.1% YoY to Rs 2.26 lakh, reflecting sustained demand for higher-value timepieces. Meanwhile, luxury and high-luxury watches continued to account for 71% of total sales, unchanged from the year-ago quarter, highlighting the resilience of the premium segment.

During the quarter, Ethos strengthened its portfolio by adding six new watch brands and eight new boutiques.

Commenting on the results, Prana...