Apparels & Accessories company Timex Group India announced Q1FY25 results: Channel Performance The biggest channel, traditional trade, grew by 10% vs the previous year’s same quarter TGIL widened its already vast distribution network with addition of 107 points of sale across the country, taking the total retail footprint to over 5500 stores Consistent expansion in retail continued in the quarter with addition of 8 exclusive stores across Timex World and Just Watches Brand Performance Luxury brand Versace, one of the marquee names in the TGIL portfolio, witnessed a phenomenal growth of 93% vs the previous year’s same quarter Fashion brands Guess and Gc witnessed a considerable growth of 16% and 23% respectively in the quarter over same period previous year The international luxury brand Philipp Plein, part of licensed brand portfolio, saw expansion bothonline & offline, and reported substantial growth in the quarter Commenting on the quarter’s performance Deepak Chhabra, Managing Director of Timex India said, “Our strategic partnerships, targeted campaigns, and expanded retail presence have helped us grow and reinforced our brands’ positioning in the premium segment. The category is witnessing premiumization and higher engagement. With 16 brands in the portfolio, we are well-placed to capitalize on this trend. Our focus remains on expanding the retail presence of our brands across the country, with a diverse product portfolio and robust strategic marketing roadmap to ensure sustainable business growth.” Result PDF