Yashovardhan Saboo, CEO of the company addressed the call.

Highlights of the call:

KDDL is India's largest retailer of luxury watches.

In September 2014 quarter, consolidated sales grew 24% to Rs 98 crore. Retail revenues stood at Rs 64 crore and manufacturing revenues stood at Rs 34 crore.

Gross margins stood at 45.2% and gross profit was at Rs 45 crore.

OP grew 52% to Rs 11 crore. OPM stood at 11.2%.

Consolidated net profit grew 103% to Rs 3 crore.

For six months ended September 2014, consolidated sales grew 25% to Rs 183 crore. Retail revenues stood at Rs 119 crore and manufacturing revenues stood at Rs 65 crore.

Gross margins stood at 44.7% and gross profit was at Rs 82 crore.

OP grew 50% to Rs 17 crore. OPM stood at 9.1%.

Consolidated net profit grew 523% to Rs 3 crore.

For the quarter, standalone sales grew 23% to Rs 34 crore. PAT grew 89% to Rs 2 crore.

For the six months, standalone sales grew 21% to Rs 65 crore. PAT grew 131% to Rs 3 crore.

The company has managed reducing front-end rent & manpower which has resulted in higher OPM.

Online billing business stood at 16crore against 9 crore in June 2014 quarter.

Online sales as % of Ethos revenues stood at 23%.

Websites hits stood at 1418000 in September 2014 quarter against 772000 in June 2014 quarter which generated potential customers (leads) totaling to 37395 against 26142 in June 2014 quarter.

It has 42 Stores presence across India. The growth in financials is not due to increasing in stores as thought by few. It had 41 stores in last year same quarter. Same stores sales grew 11% and average store sales grew 14% in September 2014 quarter.

Generally second half is much better than first half.

Titan and times are company's principal vendors in India. All its customers are big brands and are doing well domestically and internationally. It has confidentiality agreement thus it cannot disclose the names of its international customers.

The company has presence in Metros, Tier I & Tier II cities. Before setting up stores it looks for reputed /pedigree mall at premium location where other premium brands are present and having better facility management.

It has 7 Airport Stores at Duty Free Zone & Domestic Terminal at Bengaluru, Delhi, Mumbai & Ahmadabad. However, the company has to share around 20-25% of sales with the airports. Thus what is saved in duty is given as profit sharing to airports.

The company has precision stamping division named Eigen. This division offers high precision press component and tooling solution and wide range of engineering applications. The management thinks that this business will grow at a fast rate going forward.

Domestic market is looking up but international markets are sluggish due to geo-political issues in many countries across the world.

The company is growing faster than competitors. It does not give as much discount as its competitors and in fact gives less discounts and manages more sales.

The company has loyalty and referral programs and rewards points programs for its customers. This helps them to retain customers and get new leads from them.

Club ECHO member base grew from 66962 in June 2014 quarter to 78113 in September 2014 quarter.

Ethos is India's largest retail chain of luxury watch studios and it is authorized retailer of over 60 luxury watch brands.

It opened "WSI" by Ethos Store in Trillium Mall, Amritsar in May'14 and in Inorbit Mall, Vadodara in July'14. It closed Ethos store in Bangalore, Bhopal, Hyderabad and Pune.

Ethos is 73% subsidiary of KDDL.

The company will look at equity expansion again in next 1-2 years.

It is looking at funding Ethos. But it must be noted that foreign funds cannot invest in Ethos as currently FII investments are not allowed in multi brand stores and the company is multi brand retail company.

It hopes to have long term growth of 15% in its manufacturing business and hopes to become Rs 1000 crore company in next 5 years.