Ethos Limited

rs,

026-27/14 Dated: May 12, 2026 Corporate Service Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Scrip Code: 543532 ISIN: INE04TZ01018 Listing Department Nation

₹1,612.2 crore

EO FY26 marked a year of sustained momentum for Ethos Limited, with consolidated revenues reaching ₹1,612.2 crore, reflecting a 28.8% growth over ₹1,251.6 crore in FY25 and 33.3% growth in Q4 FY’26. The performanc

28.8%

tained momentum for Ethos Limited, with consolidated revenues reaching ₹1,612.2 crore, reflecting a 28.8% growth over ₹1,251.6 crore in FY25 and 33.3% growth in Q4 FY’26. The performance was driven by cont

₹1,251.6 crore

r Ethos Limited, with consolidated revenues reaching ₹1,612.2 crore, reflecting a 28.8% growth over ₹1,251.6 crore in FY25 and 33.3% growth in Q4 FY’26. The performance was driven by continued demand across our por

33.3%

lidated revenues reaching ₹1,612.2 crore, reflecting a 28.8% growth over ₹1,251.6 crore in FY25 and 33.3% growth in Q4 FY’26. The performance was driven by continued demand across our portfolio and the inc

₹96.98

Swiss Franc, remained a key external headwind during the year. The CHF/INR exchange rate moved from ₹96.98 as of 31 March 2025 to ₹122.6 as on 12th May 2026, representing an INR depreciation of approximately

₹122.6

ternal headwind during the year. The CHF/INR exchange rate moved from ₹96.98 as of 31 March 2025 to ₹122.6 as on 12th May 2026, representing an INR depreciation of approximately 26%. As the impact of higher

26%

s of 31 March 2025 to ₹122.6 as on 12th May 2026, representing an INR depreciation of approximately 26%. As the impact of higher costs was only partially passed through in pricing, and in line with our c

₹18.7 crore

, margins were impacted. The estimated adverse forex-related gross margin impact was approximately ₹18.7 crore, comprising approximately ₹5.1 crore from creditor restatement and ₹13.6 crore from notional exchan

₹5.1 crore

d adverse forex-related gross margin impact was approximately ₹18.7 crore, comprising approximately ₹5.1 crore from creditor restatement and ₹13.6 crore from notional exchange losses and higher cost of goods so

₹13.6 crore

ct was approximately ₹18.7 crore, comprising approximately ₹5.1 crore from creditor restatement and ₹13.6 crore from notional exchange losses and higher cost of goods sold. Additionally, the Government’s notifi

₹1.8 crore

ber 2025, necessitated the restatement of gratuity, resulting in a one-time charge of approximately ₹1.8 crore (consolidated) recognised during the year, with a short-term impact on margins. Our Lifestyle vert

“No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.”

“Q4 & FY26 Performance 2 3 I Ethos at a Glance 4 98 Boutiques 95 3 Lifestyle Watch 80+ Brands Exclusive Presence State+UT City 49 19 32 *As on 12th May 2026, ^Includes Relocated Second Movement Boutique I Management Commentary 5 Commenting on the Results by Mr.”

“Pranav Saboo – MD & CEO FY26 marked a year of sustained momentum for Ethos Limited, with consolidated revenues reaching ₹1,612.2 crore, reflecting a 28.8% growth over ₹1,251.6 crore in FY25 and 33.3% growth in Q4 FY’26.”

“I Key Highlights FY26 – Without IND AS 116 6 Standalone Consolidated Rs 1,612.6 Cr Rs 1,612.2 Cr +28.8% YoY +28.8% YoY Same Store Sales Growth (SSSG) 14.2% Exclusive Brands Added 4 3 Watches 1 Luggage Rs 172.9 Cr +7.8% YoY Rs 182.7 Cr +13.5% YoY Billing Pre-Owned (CPO) 22.9% % YoY Average Selling Price (ASP) Rs.”

“The consolidated PBT is reported after adjusting for the share of losses from associates: Pasadena and Silvercity Brands AG (FY'26: ₹0.1 crore; FY'26: ₹4.3 crore).”

“Revenue from operations EBITDA EBITDA Margins PBT* Q4FY26 311.3 +33.3% 414.0 +15.3% 45.0 39.1 12.3% 10.6% +6.3% 34.8 32.7 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Revenue from operations +28.8% 1,612.2 1,251.6 FY26 EBITDA +13.5% EBITDA Margins PBT* 161.0 182.7 12.6% 11.0% +4.0% 140.8 146.5 FY25 FY26 FY25 FY26 * PBT is stated after adjusting for share of loss from associates — Pasadena (Q4'26: Rs.”

“FY25 FY26 Impact on Margin Forex Fluctuation (CHF appreciated), 22 new boutiques opened in FY26 and at the nascent stage of revenue FY25 FY26 II Financial Summary | Consolidated Performance Snapshot (Reported) 8 All Figures in Rs.”

“Revenue from operations EBITDA EBITDA Margins PAT after MI* Q4FY26 311.3 +33.3% 414.0 +20.7% 64.7 53.6 16.9% 15.1% -2.9% 22.7 22.0 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Revenue from operations +28.8% 1,612.2 1,251.6 FY26 EBITDA +18.5% EBITDA Margins PAT after MI* 214.4 254.0 16.8% 15.3% -1.5% 96.3 94.8 FY25 FY26 FY25 FY26 FY25 FY26 Impact on Margin FY25 FY26 *MI – Minority Interest in Ethos Lifestyle.”

“Forex Fluctuation (CHF appreciated), 22 new boutiques opened in FY26 and at the nascent stage of revenue II Financial Summary | Consolidated Reported Profit & Loss Statement | Without IND AS 116 9 Profit and Loss (in Rs.”

“PBT Reported Q4 FY26 PBT excludes Ethos Lifestyle's contribution of Rs.”

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Company

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Subject

Investor presentation on the Audited Financial Results for the quarter and financial year ended March 31, 2026 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Investor presentation on the Audited Financial Results for the quarter and financial year ended March 31, 2026. The above information will also be available on the website of the Company. You are requested to please take on record the above-mentioned information for your reference and further needful. Thanking You, Sincerely, For Ethos Limited Munish Gupta Chief Financial Officer Encl: as below 1 ETHOS LIMITED ETHOS LIMITED Results Presentation Results Presentation Q4 & FY26 | 12th May’26 Q4 & FY26 | 12th May’26 I Safe Harbor 2 This presentation and the accompanying slides (the “Presentation”), which has been prepared by Ethos Limited, a material subsidiary of KDDL Limited, solely for information purposes and do not constitute any offe

Company

Investor Relation Advisors Ethos Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L52300HP2007PLC030800 CIN : U74140MH2010PTC204285 Mr. Munish Gupta – Chief Financial Officer munish.gupta@ethoswatches.com www.ethoswatches.com Mr. Mandar Chavan / Mr. Shogun Jain +91 96993 82195 / +91 77383 77756 mandar.chavan@sgapl.net / Shogun.jain@sgapl.net www.sgapl.net