Ethos Q2 Results FY27 Preview: Results Date, Expectations and the Numbers That Will Decide the September 2026 Quarter
- September 16, 2026
- Posted by: Harsh Piplani
- Category: Results
Ethos share price Rs 2,614.10 on 16 September 2026, up 1.55%. Q2 FY27 results date not confirmed. Q1 FY27 net profit Rs 29.00 crore. Q2 FY26 base a profit of Rs 24.00 crore.
Quick Answer
The Ethos Q2 results date for FY27 is not confirmed, and Ethos Ltd. had not filed a board meeting intimation with the NSE or BSE as of 16 September 2026. Indian listing rules require the September 2026 quarter results to be published within 45 days of the quarter end, an outer deadline of 14 November 2026. The quarter will be measured against a September 2025 base of Rs 383.00 crore in revenue and a profit of Rs 24.00 crore. This preview uses reported actuals only and carries no estimated revenue or profit figure for the coming quarter.
The Ethos Q2 results FY27 announcement is the next scheduled earnings event for Ethos Ltd., Ethos operates a chain of luxury and premium watch retail stores in India, selling watches from international and domestic brands through physical boutiques and an online platform.. The stock traded at Rs 2,614.10 on the NSE on 16 September 2026, up 1.55% from the previous close of Rs 2,574.10, about 19.5% below its 52-week high of Rs 3,245.90 and 36.2% above its 52-week low of Rs 1,919.40.
What makes the Ethos Q2 results print worth watching is the base it faces. The September 2025 quarter delivered Rs 383.00 crore of revenue and a profit of Rs 24.00 crore, while the most recent quarter on record, Q1 FY27, produced Rs 462.00 crore and a profit of Rs 29.00 crore. Everything below is built from those reported figures rather than from any forecast.
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When Is the Ethos Q2 Results FY27 Date?
The Ethos Q2 results date for FY27 is not confirmed. As of 16 September 2026, Ethos Ltd. had not filed a board meeting intimation with the NSE or BSE for the September 2026 quarter, so any date circulating before that filing appears should be treated as unverified.
What can be stated is the regulatory boundary. Listed companies in India must publish quarterly results within 45 days of the end of the quarter, which places the outer deadline for the September 2026 quarter at 14 November 2026. Companies also have to give the exchanges prior intimation of the board meeting that approves the results, so the Ethos Q2 results date becomes public through that filing rather than through any advance announcement.
The Ethos Q2 results FY27 print covers 1 July 2026 to 30 September 2026. Small and mid-cap companies more often report in the second half of that window than in the first, so late October or early November is the range to watch for Ethos.
Ethos Q2 Results Expectations: What the Market Is Actually Tracking
No verified analyst estimate for the Ethos Q2 results FY27 quarter is in the public domain, so no revenue or profit figure should be assumed for Ethos. The Ethos Q2 results watchlist below is built from what the company has actually reported and disclosed.
Ethos Q2 results for the September 2026 quarter will be watched against a revenue base that has moved higher over the past five reported quarters. Revenue rose from Rs 346 crore in the June 2025 quarter to Rs 383 crore in September 2025, then to Rs 469 crore in December 2025, before easing to Rs 414 crore in March 2026 and climbing back to Rs 462 crore in June 2026. This pattern shows clear festive-season and December-quarter strength, followed by a softer March quarter typical of discretionary retail. Investors tracking Ethos Q2 results will watch whether the September 2026 quarter continues the sequential recovery seen from March to June 2026, or whether growth moderates as the year-ago September 2025 base of Rs 383 crore becomes a tougher comparison. Ahead of Ethos Q2 results, no specific revenue or profit figure for the September 2026 quarter should be assumed from this historical trend alone.
Ethos Q2 results will also be assessed on operating margin trends heading into the September 2026 quarter. Operating margin has held in a narrow 12-13% band across the last five quarters, at 13% in June 2025, 12% in September 2025, 13% in December 2025, 12% in March 2026 and 13% in June 2026, showing a business that has kept profitability broadly stable even as revenue swung between Rs 346 crore and Rs 469 crore. Net profit followed a similar shape, rising from Rs 19 crore in June 2025 to Rs 24 crore in September 2025 and Rs 31 crore in December 2025, before dipping to Rs 23 crore in March 2026 and recovering to Rs 29 crore in June 2026. This steadiness is one reason Ethos Q2 results discussions tend to focus on store expansion costs rather than margin volatility, and it sets a stable base for the September 2026 quarter comparison.
On valuation, Ethos trades at a trailing price to earnings ratio of around 66 times, with a book value of Rs 556 per share implying a price to book multiple of about 4.7 times at the current price. Return on equity stands at 7.69% and return on capital employed at 10.4%, both modest relative to the premium valuation multiple, while the dividend yield is nil. The screener data flags no major one-off items in the reported numbers over this period, but it does show operating margins compressing modestly from the 14-16% range seen in FY24 to the 12-13% range across these five quarters, likely tied to store expansion costs and category mix shifts. Anyone reviewing Ethos Q2 results for the September 2026 quarter should weigh this gradual margin compression against the stock’s high multiple, since Ethos Q2 results are being priced for continued growth rather than a low valuation, and Ethos Q2 results this cycle will be judged against that backdrop.
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Ethos Q2 Results Preview: The Q1 FY27 Actuals It Builds On
Ethos Ltd. reported revenue of Rs 462.00 crore in Q1 FY27, up 33.53% from Rs 346.00 crore in Q1 FY26, and a profit of Rs 29.00 crore at the net level, up 52.63% from Rs 19.00 crore in Q1 FY26. These are reported actuals, not estimates.
Sequentially, revenue was up 11.59% over the March 2026 quarter figure of Rs 414.00 crore, and net profit was up 26.09% from Rs 23.00 crore in Q4 FY26. Operating margin stood at 13.0% in Q1 FY27 against 12.0% in the September 2025 quarter, which is the comparison the Ethos Q2 results print will be read against.
Q2 FY26 Base: The Comparison Ethos Q2 Results FY27 Must Beat
Ethos Ltd. reported revenue of Rs 383.00 crore and a profit of Rs 24.00 crore in Q2 FY26, the September 2025 quarter. That is the year-ago base against which the September 2026 numbers will be judged, and it is the single most useful figure in this Ethos Q2 results preview.
Net profit in that base quarter was below the Rs 29.00 crore just reported for Q1 FY27, so the year-on-year comparison starts from a manageable level. Revenue of Rs 383.00 crore sits below the Rs 462.00 crore of the June 2026 quarter, which frames how much sequential movement the Ethos Q2 results print needs to show growth.
Ethos Quarterly Results Trend Over the Last Four Quarters
| Quarter | Revenue (Rs Cr) | Net Profit (Rs Cr) |
|---|---|---|
| Q2 FY26 (Sep 2025) | 383.00 | 24.00 |
| Q3 FY26 (Dec 2025) | 469.00 | 31.00 |
| Q4 FY26 (Mar 2026) | 414.00 | 23.00 |
| Q1 FY27 (Jun 2026) | 462.00 | 29.00 |
Figures in brackets denote negative numbers. All four quarters above are reported actuals taken from the company’s exchange filings, and they are the only basis this Ethos Q2 results preview uses.
Revenue across those four quarters ranged from Rs 383.00 crore to Rs 469.00 crore, and net profit from Rs 23.00 crore to Rs 31.00 crore. That spread is the honest context for the Ethos Q2 results FY27 print, and it is why a single quarter should not be read as a trend on its own.
Key Factors That Could Shape Ethos Q2 Results FY27
The Ethos Q2 results outcome will turn on a small number of company-specific variables rather than on broad market conditions. The three below are the ones visible in what Ethos has already reported.
Valuation Snapshot
Ethos trades at a trailing price to earnings ratio of about 66 times, one of the higher multiples in this group of stocks. Book value per share is Rs 556, and against the current market price this works out to a price to book ratio of roughly 4.7 times. Return on equity is 7.69%, a modest figure relative to the valuation multiple the stock commands, while the dividend yield is nil, so the return case rests on earnings growth and price appreciation rather than payouts. This combination of a high multiple and single-digit return on equity suggests the market is pricing in continued store expansion and premium positioning rather than current profitability alone.
Technical and Price Context
Ethos shares have traded between a 52-week high of Rs 3,245.9 and a 52-week low of Rs 1,919.4, and at the current price of around Rs 2,614 the stock sits well below its 52-week high but comfortably above its 52-week low. The stock is trading close to both its 50-day moving average of Rs 2,611.25 and its 200-day moving average of Rs 2,624.64, indicating the price is roughly in line with its recent and longer-term trend rather than sharply stretched in either direction. The relative strength index reading of 20.28 is at a notably low level, which typically points to the stock being in oversold territory on a short-term basis.
Balance Sheet and Payout
Ethos carries a debt-to-equity ratio of 0.22, which is a fairly low level of borrowings relative to its equity base and suggests the balance sheet has room to fund further store network expansion without becoming heavily reliant on external debt. The company does not pay a dividend, with a dividend yield of 0.00%, meaning it currently retains all profits rather than distributing cash to shareholders. For a business still expanding its retail footprint, this combination of modest gearing and full profit retention is a common approach, prioritizing reinvestment into new stores and working capital over shareholder payouts at this stage.
Ethos Q2 Results FY27: Share Price and Valuation Going Into the Print
Ethos share price today is Rs 2,614.10 on the NSE, up Rs 40.00 or 1.55% from the previous close of Rs 2,574.10 on 16 September 2026, ahead of the Ethos Q2 results announcement.
| Metric | Value (16 September 2026) |
|---|---|
| NSE Symbol | ETHOSLTD |
| Current Market Price | Rs 2,614.10 |
| 52-Week High | Rs 3,245.90 |
| 52-Week Low | Rs 1,919.40 |
| Market Capitalisation | Rs 6985 crore |
| PE Ratio | 66.11 |
| PB Ratio | 4.70 |
| EPS (TTM) | Rs 39.54 |
| Book Value per Share | Rs 556.00 |
| Debt to Equity | 0.22 |
| Return on Equity | 7.69% |
| 50-Day Moving Average | Rs 2611.25 |
| 200-Day Moving Average | Rs 2624.64 |
| RSI (14) | 20.28 |
The stock trades above its 50-day average of Rs 2611.25 but below its 200-day average of Rs 2624.64, with a 14-day RSI of 20.28. None of this is a view on where the shares go once the Ethos Q2 results are announced, and no price target is offered here.
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What Investors Should Watch When Ethos Q2 Results Are Announced
Four lines carry most of the information in a company of this size, and reading them in order keeps the Ethos Q2 results print in proportion.
- Revenue against the Rs 383.00 crore reported in the September 2025 base quarter
- Net profit against a profit of Rs 24.00 crore in that same quarter
- Operating margin against 13.0% in Q1 FY27
- Any exceptional item, provision or one-off gain disclosed alongside the numbers
A one-off gain or provision can move the reported profit far more than operations do in a company this size, which is why the Ethos Q2 results announcement should be read together with the notes to the results rather than the headline alone.
Conclusion on Ethos Q2 Results FY27
The Ethos Q2 results date is not confirmed, and 14 November 2026 is the statutory outer limit rather than an expected date. Ethos Ltd. will make the schedule public through a board meeting intimation to the exchanges, and until then the September 2026 quarter can only be framed by what has already been reported.
On that basis the Ethos Q2 results FY27 print faces a base of Rs 383.00 crore in revenue and a profit of Rs 24.00 crore, with the most recent quarter having delivered Rs 462.00 crore and a profit of Rs 29.00 crore. No numerical estimate appears in this preview because no verified consensus figure exists for Ethos, and readers should treat any preview that supplies one with caution. Verify every figure against the company filing on release and consult a SEBI-registered advisor before acting on quarterly earnings.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Ethos Q2 Results FY27
What is the Ethos Q2 results date for FY27?
Ans. The Ethos Q2 results date for FY27 is not confirmed. Ethos Ltd. had not filed a board meeting intimation with the NSE or BSE as of 16 September 2026. Indian listing rules require the September 2026 quarter results to be published by 14 November 2026 at the latest.
What quarter do the Ethos Q2 results 2026 cover?
Ans. The Ethos Q2 results FY27 cover 1 July 2026 to 30 September 2026, known as the September 2026 quarter. Ethos Ltd. reports revenue, operating profit and net profit for that period, and the Ethos Q2 results filing also carries the notes to the accounts.
What were the Ethos Q1 FY27 results?
Ans. Ethos Ltd. reported revenue of Rs 462.00 crore in Q1 FY27 and a profit of Rs 29.00 crore at the net level. Revenue was up 33.53% versus Q1 FY26 and net profit was up 52.63% from Rs 19.00 crore in Q1 FY26.
What were Ethos Q2 FY26 results in the September 2025 quarter?
Ans. Ethos Ltd. reported revenue of Rs 383.00 crore and a profit of Rs 24.00 crore in Q2 FY26. Operating margin was 12.0%. Those figures form the base for the Ethos Q2 results FY27 comparison.
What are the main Ethos Q2 results expectations this quarter?
Ans. No verified analyst estimate is publicly available. The Ethos Q2 results expectations centre on revenue against the Rs 383.00 crore base, net profit against a profit of Rs 24.00 crore, operating margin against 13.0% in Q1 FY27, and any exceptional item disclosed with the numbers.
What is Ethos share price today ahead of the Q2 earnings?
Ans. Ethos share price is Rs 2,614.10 on the NSE as of 16 September 2026, up 1.55% from Rs 2,574.10. The stock is about 19.5% below its 52-week high of Rs 3,245.90 and 36.2% above its 52-week low of Rs 1,919.40, at a market capitalisation of Rs 6985 crore.
Is Ethos a good stock to buy before the Q2 results?
Ans. This article does not offer a buy, sell or hold recommendation on Ethos Ltd. The stock trades at a price-to-book ratio of 4.70 with a return on equity of 7.69%. Assess the reported numbers when they are released and consult a SEBI-registered financial advisor before making any decision.
