Ethos Limited enters new market with store in Surat

By

Maverick Martins

Published
Apr 19, 2023

Multi-brand luxury watch retailer Ethos Limited has strengthened its retail presence by entering a new market with the opening of its first store in the city of Surat in Gujarat.

The store spread across an area of 3,658 sq ft is located at Solaris, Piplod-Dumas Road and houses watches from leading luxury brands from across the globe.

The expansion is part of Ethos Ltd’s 20th anniversary celebrations in the country in which it aims to open stores in key cities this year.

On the back of its retail expansion, the company reported a revenue growth of 37 percent to Rs 918 crore ($111.7 million) for the financial year 2023, as against Rs 672 crore posted in the previous fiscal year.

Commenting on the expansion, Pranav Saboo, CEO of Ethos Limited in a statement said, “Surat is a fast-growing city with many budding watch enthusiasts and collectors. We are happy that they will now be able to enjoy Ethos' in-store experience and explore our wide range of luxury watch brands in person.”

Ethos Limited is one of the largest chains of luxury watch boutiques housing over 60 luxury watch brands with 54 stores across 20 cities in India.