Timex India Achieves Record-Breaking Growth in Q2 FY25

Timex Group India Ltd reported its highest quarterly revenue ever in Q2 FY25, driven by a 37% increase in revenue and a 62% rise in Profit Before Tax. The company's success is attributed to aggressive brand growth, expanding product lines, and a strong push in online and offline channels.

In an unprecedented achievement, Timex Group India Ltd (TGIL), a distinguished arm of the American watchmaking powerhouse, has reported record-breaking growth for the second quarter of FY25, celebrating its highest-ever quarterly revenue of 172 crores. This remarkable feat has been propelled by significant expansion in Timex brand initiatives and a broadening across its fashion and luxury segments.

With a substantial 37% growth in revenue compared to the same period last year, Timex India has fortified its presence in the premium market. Profit Before Tax soared by 62%, underscoring robust financial results, while EBITDA surged by 51%, reflecting heightened operational efficiency. The quarter witnessed e-commerce growth leading with an 88% boost and luxury segments climbing by 63%, highlighting the increasing demand for premium timepieces in India.

Flagship brand Timex recorded a 47% revenue growth, while other key brands from the TGIL portfolio, such as Guess and Versace, witnessed solid gains. Versace grew by 56%, reinforcing its stronghold in the luxury sector. Managing Director Deepak Chhabra attributed the success to strategic brand premiumization, expanded channels, and consumer-centric marketing. The introduction of innovative products such as the Pan Am and Jacquie Aiche Limited Edition watches further bolstered TGIL's market leadership.

(With inputs from agencies.)