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Specialty Retail company Ethos announced Q3FY24 & 9MFY24 results:

Q3FY24 Financial Highlights

• Revenue reached Rs 281.2 crore, marking a strong growth of 22.4% YoY.
• EBITDA amounted to Rs 50.8 crore, with an impressive EBITDA margin of 17.7%.
• PAT increased to Rs 25.5 crores in Q3FY24, compared to Rs 20.7 crore in Q3FY23.
• The company sustained excellent growth in quarterly EBITDA & PAT in Q3FY24, driven by robust demand and focused marketing initiatives.
• Witnessed strong revenue growth across offline and online channels.
• The higher share of in-house brand sales continued to support margin expansion.
• EBITDA margin saw expansion due to cost optimization initiatives and operating leverage benefits.

9MFY24 Financial Highlights

• Achieved revenue of Rs 746.5 crore, reflecting a substantial 28.5% YoY growth.
• EBITDA stood at Rs 130.9 crore, with an EBITDA margin of 17.2%.
• PAT grew to Rs 62.3 crore in 9MFY24 from Rs 47.0 crore in 9MFY23.
• Recorded the highest-ever EBITDA & PAT in 9MFY24, supported by robust demand and focused marketing initiatives.
• Continued to witness strong revenue growth across offline and online channels.
• The higher share of in-house brand sales continued to contribute to margin expansion.
• EBITDA margin saw expansion due to cost optimization initiatives and operating leverage benefits.

Pranav Saboo, Chief Executive Officer, Ethos, states, "Ethos has experienced substantial growth in the last quarter, and we are committed to sustaining and amplifying this momentum. Looking ahead, we are confident that, with strategic plans, we will be achieving long-term development and deliver continued value to all stakeholders."

Result PDF