Multibagger Stock: 38 percent increase in profit of this luxury watch company, bumper jump in shares – multibagger stock ethos limited’s profit increased by 38 percent bumper jump in shares
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The company has partnered with brands such as Rimova for luxury luggage and Messika for luxury jewellery, apart from certified pre-owned luxury watches. Ethos Limited has recently announced its excellent Q1FY24 results. In this, the company’s sales have increased by 32% to Rs 230 crore as compared to Q1FY23. While the operating profit of the company increased by 26% to Rs 34 crores as against Q1FY23. Similarly, the net profit of the company has increased by 38% to Rs 18 crore as against Q1FY23. Furthermore, the company has been able to grow its sales by 20% (CAGR) in the last 3 years. The company’s net profit has grown at a CAGR of 221% during the same period.
The company has given 58% returns in the last one year and 118% since its listing in June 2022. Furthermore, the company has a ROCE of 16.4% and ROE of 13.9%. Today i.e. on Wednesday, the shares of the company have gained more than 2%. The shares have touched an intraday high of Rs 1,633.35. Investors can include this stock in their portfolio to earn profits.
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