Latest news with #TGIL
Business Upturn
2 hours ago
- Business
- Business Upturn
Timex Watches Hits Historic High in Q1 FY26, Fueling Record Results for Timex Group India Ltd
Timex Group India Ltd (TGIL), a leading force in India's watch industry and part of the global Timex Group, has reported exceptional financial results this quarter, underscoring the brand's continued upward trajectory. Business Wire India Advertisement Timex Group India Ltd (TGIL), a leading force in India's watch industry and part of the global Timex Group, has reported exceptional financial results this quarter, underscoring the brand's continued upward trajectory. The company recorded a revenue of Rs. 169 crores marking a substantial 55% surge in revenue, outpacing the same quarter from the previous year. EBITDA also saw a remarkable 4.5-fold increase, and Profit Before Tax (PBT) grew six times, highlighting improved operating leverage and strong bottom-line performance. Building on the momentum of successive high-growth quarters in last year, TGIL is charting an aggressive growth path powered by deeper consumer penetration, compelling brand storytelling, and a sharpened focus on premium product lines. With Timex performing at peak along with other brands reporting high double-digit growth, and all key channels, and new formats gaining traction, this quarter sets a new benchmark for the company's performance in India. Expressing his delight Mr. Deepak Chhabra, Managing Director of Timex India said, 'What a phenomenal start to the year! Our flagship brand, Timex, has delivered its best-ever performance this quarter, a clear reflection of our sharp focus on premiumisation, product innovation, and expanding consumer access. Growth across all channels and brands has come together to create this strong momentum. With a growing slate of global collaborations and a robust omnichannel strategy, we're confident in accelerating this trajectory and further reinforcing Timex's leadership in India's dynamic watch market.' Q1 FY26 Brand Performance: Timex, the flagship brand, delivered a powerful 77% year-on-year growth this quarter, reinforcing its leadership in the segment Guess Watches showed strong resilience with a 33% growth over the same quarter last year Versace recorded a notable growth of 18%, driven by rising demand for aspirational luxury watches Other licensed brands Gc, Philipp Plein, Plein Sports, and Nautica, maintained solid momentum, delivering robust quarter-on-quarter performance with increasing traction across premium segments Q1 FY26 Channel Performance: E-commerce posted a stellar 102% year-on-year growth, doubling its business and reaffirming TGIL's strong digital strategy Trade channel, the company's largest channel, posted an impressive 22% growth on top of a high base Other strategic verticals also made a meaningful impact, with the OEM business witnessing noteworthy gains of triple digit during the quarter The retail footprint expanded with new stores in high-impact locations, while Quick Commerce gained traction bringing Timex closer to the consumer with speed and convenience. Trade channels also delivered solid growth, reflecting a strong, balanced channel mix. Demand for iconic Timex collections like Q Timex, Marlin, Waterbury, Fria, and Expedition remained strong, reaffirming the brand's deep connection with India's style-conscious audience. Global collaborations including Jacquie Aiche, The New Yorker, Netflix's Wednesday, and the latest Superman x Warner Bros partnership add to Timex's fashion-forward edge. Driving deeper engagement with Gen Z and Millennial Timex introduced Analog Life – Make Time Yours campaign, redefining what it means to live with intention. At a time when life feels more digital than ever, Timex celebrates the power of simplicity and living in the moment, urging people to take control of their time, amplify what truly matters, and make every second count. Further expanding its lifestyle play, TGIL entered the fashion jewellery category this quarter with the launch of GUESS jewellery, bringing the brand's bold, global aesthetic to India's fast-growing accessories market. This quarter marks a milestone for Timex Group India not just financially, but in cultural relevance and consumer influence. Over the past three years, the brand has consistently continued to gain market share at a rate exceeding the industry average. As Timex Group India continues to lead across revenue, profitability, and brand equity, it remains committed to building on this momentum, scaling its premium portfolio, innovating across product and platform, and delivering elevated brand experiences that honor its global watchmaking legacy while shaping the future of timekeeping in India. Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same.
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Business Standard
22-05-2025
- Business
- Business Standard
Smallcap stock hits record high in weak market; rallies 69% thus far in May
Timex Group India share price today Shares of Timex Group India (TGIL), one of India's leading watchmakers, and part of the US-headquartered iconic Timex Group, hit a record high of ₹264.20 on the BSE today. Timex Group India shares were locked in the 10-per cent upper circuit in Thursday's intraday trade, in an otherwise weak market. In comparison, the BSE Sensex was down 0.83 per cent at 80,916.92 at 10:08 AM. As many as 114,000 equity shares have, so far, changed hands on the counter. Further, there are pending buy orders for 103,188 equity shares on the BSE, exchange data shows. Thus far in the month of May, the stock price of the smallcap company has zoomed 69 per cent. It has bounced back 76 per cent from its previous month low of ₹150, touched on April 7, 2025. Catch Stock Market Latest Updates Today LIVE Strong Q4 results In the January to March 2025 quarter (Q4FY25), TGIL registered a 47 per cent increase in revenue from operations at ₹135.41 crore over the same quarter in the previous year, driven by multi-channel growth, product innovation, and increased Timex brand market share. Earnings before interest, taxes, depreciation and amortisation (Ebitda) grew at a strong double-digit rate of 35 per cent, while profit after tax (PAT) surged by 31 per cent. The management said 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 and 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 ondemand availability, and making Timex products more accessible at consumers' fingertips, the management said. Growth Opportunities The Indian watch industry has strong growth potential. India has very promising macro-economic factors including positive growth outlook of the Indian economy, inflation coming under control, government's boost for increasing demand and per capita income, Indian demography, urbanization, and increasing fashion spends of Indian population, are all ensuring long term growth of the country. This will boost overall consumer demand and specifically demand for more discretionary goods including watches, according to TGIL. With the huge growth potential in lower tier cities, the business is expected to grow at a faster pace. Wrist watch penetration is very low in India which provides huge untapped potential to cover. Traditional analogue watch segment has ample room to grow and majority of the Indian consumers still like to wear them compared with smart wearables. About Timex Group India Timex Group India (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. Apart from Timex, one of the leading watch brands in India, TGIL has a vast range of licensed brands 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.
Business Mayor
08-05-2025
- Business
- Business Mayor
Timex India eyeing deeper digital footprint as FY25 total income rises 28%
New Delhi: Watchmaker Timex Group India Ltd (TGIL) is doubling down on digital channels, including e-commerce and quick commerce, following a strong financial performance in FY25. On Wednesday, the company has reported a strong 46 per cent year-on-year growth in total income for the quarter ended March 2025, reaching Rs 136.1 crore compared to Rs 93.5 crore in the same period last year. In FY25, its total income grew by 28 per cent to Rs 540 crore from Rs 422 crore in FY24, capping the company's best-ever annual performance, according to a regulatory filing. The company's EBITDA for Q4 stood at Rs 15.08 crore, up from Rs 11.17 crore in the year-ago period. Profit before tax during the quarter increased to Rs 13.04 crore from Rs 9.38 crore last year. With a growing share of sales coming from online platforms, TGIL is expanding its digital strategy beyond traditional e-commerce and foraying into quick commerce with platforms such as Flipkart Minutes, Myntra Now, and Swiggy Instamart. Talks are also underway with Blinkit and Zepto, as per the company's statement. '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,' said Deepak Chhabra, managing director of the company. 'Consumers' love and loyalty for Timex is inspiring and keeps us going.' E-commerce sales grew 29 per cent during the fourth quarter, with direct-to-consumer platforms like and contributing to the brand's digital-first strategy. Quick commerce, a relatively new retail channel for watches, is expected to boost last-mile delivery efficiency and help Timex tap impulse-driven purchase behavior, especially in urban markets. The move aligns with rising consumer demand for faster, on-demand access to fashion and lifestyle products. As part of its growth strategy, the company focused on premium product lines, high-impact campaigns, and global collaborations. Brand partnerships included names like Jacquie Aiche, Fortnite, The New Yorker, and Giorgio Galli, along with marketing tie-ups such as IPL, India Beach Fashion Week, and Elle Fashion Gala. Timex Group India is expected to continue building on its multi-channel momentum and premium positioning in the evolving Indian watch market.
Time of India
08-05-2025
- Business
- Time of India
Timex Group India: Timex India eyeing deeper digital footprint as FY25 total income rises 28%, ET Retail
Advt Advt By , ETRetail Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETRetail App Get Realtime updates Save your favourite articles Scan to download App New Delhi: Watchmaker Timex Group India Ltd (TGIL) is doubling down on digital channels, including e-commerce and quick commerce , following a strong financial performance in Wednesday, the company has reported a strong 46 per cent year-on-year growth in total income for the quarter ended March 2025, reaching Rs 136.1 crore compared to Rs 93.5 crore in the same period last year. In FY25, its total income grew by 28 per cent to Rs 540 crore from Rs 422 crore in FY24, capping the company's best-ever annual performance, according to a regulatory company's EBITDA for Q4 stood at Rs 15.08 crore, up from Rs 11.17 crore in the year-ago period. Profit before tax during the quarter increased to Rs 13.04 crore from Rs 9.38 crore last a growing share of sales coming from online platforms, TGIL is expanding its digital strategy beyond traditional e-commerce and foraying into quick commerce with platforms such as Flipkart Minutes, Myntra Now, and Swiggy Instamart. Talks are also underway with Blinkit and Zepto, as per the company's statement.'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,' said Deepak Chhabra, managing director of the company. 'Consumers' love and loyalty for Timex is inspiring and keeps us going.'E-commerce sales grew 29 per cent during the fourth quarter, with direct-to-consumer platforms like and contributing to the brand's digital-first commerce, a relatively new retail channel for watches, is expected to boost last-mile delivery efficiency and help Timex tap impulse-driven purchase behavior, especially in urban markets. The move aligns with rising consumer demand for faster, on-demand access to fashion and lifestyle part of its growth strategy, the company focused on premium product lines, high-impact campaigns, and global collaborations. Brand partnerships included names like Jacquie Aiche, Fortnite, The New Yorker, and Giorgio Galli, along with marketing tie-ups such as IPL, India Beach Fashion Week, and Elle Fashion Group India is expected to continue building on its multi-channel momentum and premium positioning in the evolving Indian watch market.
Fashion Network
07-05-2025
- Business
- Fashion Network
Timex Group India reports profit before tax rose 41% in FY25
Timex Group India Limited reported a 41% rise in profit before tax for the 2025 financial year, driven by a strong performance across key brands and retail channels. The watchmaker also saw 46% year-on-year growth during the fourth quarter of the 2025 fiscal, alongside 35% growth in earnings before interest, tax, depreciation, and amortisation. TGIL's total income for the year reached Rs 540 crore, reflecting 28% growth, marking the business' highest annual revenue to date, TGIL announced in a press release. Brand performance in the fourth quarter of the 2025 fiscal was led by Philipp Plein with a 156% increase, followed by Gc at 66%, TMX at 49%, Timex at 44%, and Guess at 25%. On an annual basis, Philipp Plein posted triple-digit growth of 281%, while Versace grew 29%, TMX 34%, Timex 27%, and Guess 28%. Channel-wise, TGIL's trade business expanded 39% in the fourth quarter, while e-commerce grew by 29%. The OEM segment surged 251%, and the defence business doubled compared to last year. The luxury segment recorded 11% growth. "This has been a truly outstanding quarter and year for Timex Group India Limited, with a record-breaking growth," said the business' managing director Deepak Chhabra in a press release. "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." TGIL expanded both its online and offline distribution, including new franchise stores and e-commerce partnerships. Looking forward, the business plans to strengthen its quick commerce presence through collaborations with Flipkart Minutes, Myntra Now, and Swiggy Instamart, with additional tie-ups under consideration.
