IPO Review - Ethos Ltd - ICICI Direct

Research	\| More
IPO Review - Ethos Ltd - ICICI Direct
Posted On: 2022-05-18 11:45:56 (Time Zone: IST)

Ethos is one of the largest luxury and premium watch retail players in India having 13% share of total retail sales in the premium and luxury segment and a share of 20% in the luxury segment. The company has a chain of 50 physical retail stores in 17 cities in India in a multi store format and offers an Omni channel experience to its customers through its website and social media platforms Ethos has a sizeable portfolio of premium and luxury watches in India enabling it to retail 50 international premium and luxury watch brands Key triggers/Highlights - Ethos is the market leader in the premium and luxury watches retail market in India. It has a sizeable portfolio of premium and luxury watches in India enabling it to retail 50 premium and luxury watch brands like Omega, IWC Schaffhausen, Jaeger LeCoultre, Panerai, Bvlgari, H Moser & Cie, Rado, Longines, Baume & Mercier, Oris SA, Corum, Carl F Bucherer, Tissot, Raymond Weil, Louis Moinet and Balmain - Ethos enjoys a healthy market share of 20% in the luxury watch retail segment and 13% in the premium and luxury watch retail segment in India - In addition to the premium and luxury watch retail, it has also forayed into retail of certified pre-owned luxury watches since FY19 and is looking to expand the segment revenues in line with industry growth - The premium and luxury watch market is expected to grow at a CAGR of 12% in FY20-25E from Rs. 6600 crore to Rs. 11900 crore. The high luxury watch market is expected to grow at 14% CAGR to Rs. 1040 crore in the same period For details, click on the link below: Link to the report
Click here to send ur comments or to feedback@equitybulls.com
Disclaimer:The article above is a gist / extract of the original report prepared by the research firm / brokerage firm. This article is not to be considered as an offer to sell or a solicitation to buy any securities. This article is meant for general information only. www.equitybulls.com, its employees or owners or the research firms, its employees or owners won't be responsible for any liability that may arise from information, errors or omissions in these articles. www.equitybulls.com or its employees or owners / the research firms or its employees or clients or owners may from time to time hold positions in securities referred in this article. For detailed research reports, please contact the concerned research firm directly.

Other Headlines: ICRA revises banking sector outlook to Stable from Positive Massive shift in career aspirations as 8 out of 10 professionals eye new career paths this appraisal season, reports apna.co ICRA: Annual securitisation volumes estimated at Rs. 1.88 lakh crore for FY2024 46% of women opted for used cars in March 2024 in the country: Spinny Reports Addressing data privacy, security and ethical challenges is essential for the responsible adoption of GenAI in healthcare: PwC India report Retail pools continue to display stable performance across various asset classes: ICRA ICRA predicts small finance banks will raise over Rs 10,000 crore in FY 2024, up from Rs 6,400 crore in FY2023 CRISIL Ratings: Complex fertilisers volume to grow 4-5% next fiscal Issuances of securitised debt instruments (SDI) by corporate entities to rise to Rs 100 crore in FY2024: ICRA Godrej Interio's 'HomeScapes' Study reveals Indians want �Me-Time� at home GDP growth to moderate to 6.0% in Q3 FY2024, led by agriculture and industry: ICRA Indian stock exchanges rank first in the world in terms of the number of IPOs in 2023 CRISIL Ratings: After soaring this fiscal, airlines to land >20% operating profit growth next fiscal Rising frauds propel demand for AI/ML strategies: Experian Study Cement makers to add 150-160 MTPA capacity by fiscal 2028 - CRISIL Investor exuberance propelling broking industry performance, MTF achieves a new high: ICRA CRISIL Ratings: Securitisation volume up ~20% in first nine months of this fiscal India is fastest growing large economy globally in CY2023-CY 2024 - Pantomath Report CRISIL Ratings: Market share of gold-loan NBFCs steady despite bank competition CRISIL Ratings: Vehicle loan AUM to vroom past Rs 8 lakh crore next fiscal 45% of Newbie traders claim that 'not knowing enough' is the primary reason for losses incurred in Futures & Options trading - Sharekhan's survey reveals CRISIL Ratings: Agri pump makers to see 7-9% revenue growth next fiscal Indian mutual fund industry likely to sustain its strong inflows in 2024: ICRA Analytics CRISIL Ratings: Operating profit of offshore rig operators to swell 30% next fiscal CRISIL Ratings: Organised F&G retailer revenue to grow in mid-teens next fiscal CRISIL Ratings: Shippers see a further revenue dip of 5-7% next fiscal as charter rates course correct 82% of professionals are concerned about job redundancy due to emerging technologies: Hero Vired Report UPI transactions witnesses 118% rise at retail stores in 2023: PayNearby Report Happy Forgings Limited - IPO - A trusted supplier for several Indian and Global OEMs - Reliance Securities CRISIL Ratings: Penetration of electric buses set to double next fiscal India's refined copper consumption to grow by 11% in FY2024, despite global headwinds: ICRA CRISIL Market Intelligence and Analytics - Curb on cane juice for ethanol - Sugar output lift Stable Repo Rates to Keep the Momentum Going for the Housing Market - Anuj Puri, Chairman - ANAROCK Group Payback period for investment in sustainable warehouses come down to three years in India: A JLL - IndoSpace report CRISIL Ratings - Profit margins of cotton yarn spinners to plunge 250-350 bps to decadal lows of 7-8% this fiscal Government, PSUs, and Defence sector experience 14% upsurge in hiring: foundit Insights Tracker CRISIL Ratings: Spirits high for organised liquor makers, revenues seen up 13% Corporate bond market to more than double by fiscal 2030 - CRISIL Gas Utilities : Gas consumption at record highs, growth now to trickle - Kotak Institutional Equities Emkay and Geojit increase target prices of LIC, expect over 20% upside CRISIL Ratings: Mall area to rise by 35% over the medium term on retail surge Crop & Chemical Dashboard: Bottom is near, recovery unclear - Kotak Institutional Equities Loan sell-downs of personal loan pools may see a temporary pause following the RBI's decision to increase risk weights: ICRA India Surges Ahead in 5G Deployment, Paving the Way for a High-Tech Future! CRISIL Ratings: Construction equipment revenue to grow 14-15% this fiscal India to contribute 22% to the Global ER&D sourcing market by FY30: BCG-nasscom Report CRISIL Ratings: In a decadal first, revenue of agrochemicals makers to slip ~3% on tepid demand this fiscal CRISIL Ratings: Flexible packaging industry stares at decadal low profitability as oversupply stings CRISIL Ratings: Domestic demand, softer cotton prices to sustain RMG growth CRISIL Ratings: Higher workplace occupancy to light up cigarette volume 7-9%