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Timex Group India Ltd Closes FY25 with Unprecedented Revenue Growth and Record-Breaking Profits
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....imex Group India Ltd Closes FY25 with Unprecedented Revenue Growth and Record-Breaking Profits<BR>PTI News<BR>Dated:- 7-5-2025<BR>PTI<BR>~Ends FY25 with a total income of Rs. 540 crore, driven by multi-channel growth, product innovation, and increased Timex brand market share~ Mumbai, Maharashtra, India- Business Wire India Timex Group India Ltd (TGIL), one of India’s leading watchmakers, part o....
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....f the US-headquartered iconic Timex Group, has announced exciting results for Q4 and the full fiscal year 2024–25. In Q4 FY25, TGIL registered a remarkable increase of 46%, reflecting significant growth over the same quarter in the previous year. EBITDA grew at a strong double-digit rate of 35%, while Profit Before Tax (PBT) surged by 41%, underscoring the company’s operational efficiency and ....
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....profitability focus. Building on a series of strong quarters, the company delivered its historic, best-ever annual performance, with total income reaching Rs. 540 crore, marking a high double-digit growth of 28%. The TGIL growth is underpinned by consistent revenue growth, enhanced profitability, the focused strategy of premiumization, aggressive channel expansion, and strategic brand-building i....
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....nitiatives. Q4 FY24-25 Brand Performance: • Timex, the core brand, posted robust growth of 44% in the quarter • Guess sustained steady growth of 25% over the quarter • Gc recorded higher double-digit growth of 66% over the quarter • Philipp Plein recorded a spectacular triple-digit growth of 156% • TMX, the value-segment offering, reported strong traction with 49% growth Q4 FY24-25 Cha....
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....nnel Performance: • Trade: maintained strong growth at 39% • E-commerce continues to be a strong contributor with a growth of 29% • On the back of rising consumer affinity for premium segments, the luxury business continued its momentum with double-digit growth of 11% • OEM division witnessed a strong performance with 251% growth • Defense business doubled in comparison to last year Expr....
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....essing his delight Mr. Deepak Chhabra, Managing Director of Timex India said, “This has been a truly outstanding quarter and year for Timex Group India Ltd, with a record-breaking 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 ....
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....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.” FY24- 25 Brand Performance: • Timex grew by strong 27% • Guess Watches continued the momentum with 28% growth • Versace registered a strong 29% growth • Philipp P....
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....lein, the latest fashion luxury brand at TGIL, marked triple-digit growth at 281% • TMX delivered steady 34% growth • Other brands also maintained consistent performance throughout the year The company’s channel-first approach delivered exceptional results in the year, with heightened productivity in trade stores, robust e-commerce expansion, and a solid Direct-to-Consumer footprint through ....
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....shop.timexindia.com and Justwatches.com. As an impetus to build a much stronger and robust new financial year, the brand has strategic plans to venture in Quick Commerce with key partners such as Flipkart Minutes, Myntra Now, and Swiggy Instamart, while progressing toward other potential partnerships with Blinkit and Zepto, strengthening its on-demand availability, and making Timex products more a....
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....ccessible at consumers’ fingertips. As Timex celebrated 170 years of global legacy, the brand’s India operations continued to deepen consumer engagement through premium global collections, limited-edition collaborations, and innovative and relatable storytelling with the Waste More Time Campaign. Collaborations with prominent names like Jacquie Aiche, James Brand, Raised by Wolves, Fortnite,....
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.... and The New Yorker resonate strongly with India’s style-forward audience, while the Giorgio Galli S2Ti collection underscored the brand’s watchmaking leadership. Throughout the year, TGIL also accelerated growth by expanding its online and offline retail footprint, deeper penetration in quick commerce, and high-impact marketing initiatives, including the IPL association, India Beach Fashion W....
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....eek partnership, and the Elle fashion gala collaboration. These efforts helped drive strong traction across core and luxury segments, further amplifying the brand’s aspirational positioning. Looking ahead, Timex Group India remains committed to driving innovation, deepening market reach, further enhancing consumer shopping experience, and strengthening its premium positioning in India’s evol....
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....ving watch market. About Timex Group India Ltd Timex Group India Ltd (TGIL) designs, manufactures, and markets innovative timepieces and is part of Timex Group, which is a privately held company headquartered in Middlebury, Connecticut, with multiple operating units and over 2,000 employees worldwide. Apart from Timex, one of the leading watch brands in India, TGIL has a vast range of licensed b....
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....rands like Versace, Guess, Gc, Philipp Plein, Plein Sport, Ferragamo, Nautica, Ted Baker, adidas, and UCB watches. It retails via over 5000 offline trade stores and key online marketplaces. TGIL also operates over 40 exclusive franchise stores under the umbrella of Just Watches and Timex World. (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PT....
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....I takes no editorial responsibility for the same.). PTI PWR PWR<BR> News - Press release - PIB....