Apparels & Accessories company Timex Group India announced Q4FY25 results Revenue: Rs 13,541 lakh compared to Rs 9,206 lakh during Q4FY24, a remarkable increase of 46%. EBITDA grew at a strong doubledigit rate of 35%. Profit Before Tax (PBT) surged by 41%. PAT: Rs 924 lakh compared to Rs 708 lakh during Q4FY24. Deepak Chhabra, Managing Director, Timex India, said: “This has been a truly outstanding quarter and year for Timex Group India Ltd, with a recordbreaking growth. I am filled with immense pride and gratitude as we celebrate our quarterly and annual performance. This year, we have not only broken records but set new benchmarks for the future. We are committed to building on this momentum and amplifying brand presence across the length and breadth of the country, and touchpoints right from quick commerce to retail outlets. Consumers’ love and loyalty for Timex is inspiring and keeps us going” Result PDF
Apparels & Accessories company Timex Group India announced Q3FY25 results Total income of Rs 120 crore, reflecting a double-digit growth of 27% vs Q2FY25. EBITDA and PBT show the upward journey of the company, each reported at Rs 4.6 crore, and Rs 2.6 crore respectively. Deepak Chhabra, Managing Director, Timex Group India, said: “We are excited to share yet another successful quarter performance, which is a result of our continuous focus on delivering exceptional craftsmanship and tapping into emerging market opportunities in the premium segment. The outstanding performances of our flagship Timex brand coupled with fashion and luxury segments, inspire us to keep innovating and expanding our reach to meet India’s growing appetite for premium timepieces.” Result PDF
Other Apparels & Accessories company Timex Group India announced Q2FY25 results E-commerce channel led the charge with a growth of 88% vs the previous year’s same quarter. The luxury segment recorded a substantial growth of 63% over the same period last year, showcasing the rising demand for premium timepieces in India Trade channel, saw 25% growth, continuing its upward trajectory from the previous year. Timex, the flagship brand of TGIL, continued to drive growth on a higher base of the previous year and posted a strong performance with 47% revenue growth. Guess witnessed a solid growth of 59% in Q2FY25. Versace, a key luxury brand in the TGIL portfolio, experienced remarkable growth of 56%, reaffirming its stronghold in the luxury segment. Deepak Chhabra, Managing Director of Timex India, said: “Our focused strategy of brand premiumization, channel expansion, and consumercentric marketing has enabled us to deliver historic revenue numbers this quarter. Timex remains a key driver, but we are also seeing tremendous momentum across our fashion and luxury segments, with brands like Guess, Versace, Philipp Plein, and Nautica performing exceptionally well. With our expanded product portfolio and strategic retail initiatives, we are confident in our ability to maintain this growth trajectory for years ahead.” Result PDF
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
Other apparels & accessories company Timex Group India announced Q1FY24 results: Timex India has reported a remarkable surge in revenue, achieving a substantial growth of 13%. Focus on marketing investment in Q1FY24 was high including an association with Gujarat Titans in IPL. Thus, EBIDTA delivery has been lower over last year by 44% owing to aggressive marketing initiatives. E-commerce sales have almost doubled against Q1FY23, and the luxury segment has also shown significant growth of 86% during Q1FY24. This indicates the broad appeal of Timex products and the company's ability to cater to diverse consumer preferences. Deepak Chhabra, Managing Director of Timex Group India, shared his enthusiasm, stating, "We are pleased with the encouraging results achieved in this quarter. Timex's growth trajectory showcases our unwavering commitment to delivering quality products. Our investments in brand building, strategic partnerships, and expanding retail presence have been pivotal in our success. We remain dedicated to pushing boundaries and setting new industry standards." Result PDF
Apparels & Accessories company Timex Group India announced Q4FY23 & FY23 results: Net profit after tax (PAT) for the year grew over 14 times, reaching Rs 46.52 crore in FY23, vs Rs 3.2 crore in FY22 PAT for Q4FY23 grew 895% over Q4FY22, closing at Rs 22.39 crore. One-time recognition of deferred tax assets of Rs 16.84 crore in Q4FY23 has positively impacted these results for the quarter and fiscal year. Revenue for FY23 saw a growth of 45% over FY23, closing at Rs 383.78 crore, up from Rs 265.54 crore in FY22 For Q4FY23, revenue grew by 5% from Rs 79.81 crore to Rs 83.35 crore. Expressing his enthusiasm, Deepak Chhabra, Managing Director, said, "We are delighted to announce our strong results for the Financial year 2022-23, which showcase Timex's remarkable growth and success in India. Our commitment to innovation, customer delight, and strategic expansion has propelled us forward in the industry. We take immense pride in our core Timex portfolio growth and huge strides into the e-commerce sector, which has allowed us to reach a wider customer base and achieve exceptional sales figures. This achievement is a testament to our dedicated team, loyal customers, and unwavering focus on delivering exceptional products and experiences. We remain committed to pushing boundaries, embracing change, and maintaining our position as a leading force in the watch industry." Result PDF