Timex Group India Reports Rs 172 Cr Quarter Revenue In Q2FY25

Driven by expansion across fashion and luxury brands, Timex Group India or TGIL reported its highest-ever quarter revenue of Rs 172 crore in the second quarter of the current financial year (Q2FY25). The company witnessed a 62 per cent growth in its profit before tax (PBT).

As per the financial results, With 37 per cent revenue growth over the previous year’s same quarter, TGIL saw a growth in its product portfolio along with a push across online and offline channels. The EBITDA (Earnings before Interest, Taxes, Depreciation and Amortisation) saw a growth of 51 per cent.

“Our focused strategy of brand premiumisation, channel expansion, and consumer-centric 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,” stated Deepak Chhabra, Managing Director of Timex India.

As far as the Q2FY25 channel performance is concerned, ecommerce channel led the charge with a growth of 88 per cent as compared with the previous year’s same quarter. The luxury segment recorded a substantial growth of 63 per cent over the same period last year, showcasing the rising demand for premium timepieces in India. Trade channel also witnessed a 25 per cent.

On the brand performance front during Q2FY25, Timex, the flagship brand of TGIL, posted a strong performance with 47 per cent revenue growth, while ‘Guess’ witnessed a growth of 59 per cent in Q2 FY25. Versace, a key luxury brand in the TGIL portfolio, experienced a growth of 56 per cent.