Ethos Limited Opens 95th Boutique in Faridabad, Expanding Luxury Reach
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Ethos Limited opened its 95th boutique in Faridabad, expanding its luxury watch network and targeting modest top‑line growth.
- New store at Pacific Mall, Faridabad (PIN 121001) raises the total boutique count to 95 across India.
- Expected to generate incremental sales and lift same‑store sales, with only a modest initial impact on EBITDA.
- Strengthens brand visibility in the National Capital Region, a key luxury‑spending hub.
- Gross margins are projected to stay consistent with existing stores, assuming efficient inventory turnover.
- Risks include retail cost inflation and supply‑chain disruptions; opportunities stem from rising luxury demand in Tier‑1/2 cities.
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