Timex Group India: Record-Breaking Growth Fuels Innovation and Expansion

Timex Group India Ltd (TGIL) has reported strong financial results for fiscal year 2024-25, showcasing remarkable growth across its brand and channel performances. The company achieved a 28% annual income increase, driven by strategic brand-building, premiumization, and channel expansion initiatives, while celebrating 170 years of global legacy.

Mumbai, Maharashtra, India - Timex Group India Ltd (TGIL), a major player in the Indian watch market, reported outstanding results for Q4 and the entire fiscal year 2024-25. TGIL experienced a 46% increase in quarterly figures, signaling substantial growth compared to the previous year. EBITDA grew by 35%, and Profit Before Tax saw a rise of 41%, showcasing operational efficiency.

Over the fiscal year, TGIL's income soared to Rs. 540 crore, a 28% rise. The company's growth strategy focuses on revenue improvement, premiumization, aggressive channel expansion, and strategic brand initiatives. Notable performance was seen in Timex's 44% growth, Guess' 25%, Gc's 66%, and Philipp Plein's exceptional 156% growth this quarter.

Leading TGIL's success are its Direct-to-Consumer strategies, reinforced e-commerce presence, and partnerships with Flipkart Minutes, Myntra Now, and Swiggy Instamart. Significant collaborations, like the Waste More Time Campaign and partnerships with brands such as Jacquie Aiche and The New Yorker, have amplified Timex's market position in India's evolving watch sector.

(With inputs from agencies.)