Timex Group India Achieves Record-Breaking Growth in FY 2024-25

Timex Group India Ltd, a premier watchmaker based in Mumbai, has reported an impressive financial performance for the fiscal year 2024-25. In the fourth quarter alone, the company saw a 46% surge in growth compared to the same period in the previous year. Key figures included a 35% rise in EBITDA and a 41% leap in Profit Before Tax, highlighting Timex's operational strength and focus on profitability.

Throughout the fiscal year, Timex Group India achieved its best-ever annual performance with total income reaching Rs. 540 crore, representing a 28% high double-digit growth. This growth was driven by an increase in revenue, a strategy focused on premiumization, aggressive channel expansion, and strategic brand-building efforts.

Brand performances were noteworthy with Timex, Guess, Gc, and Philipp Plein showing significant growth rates. The company's defense business and e-commerce platform also contributed to strong growth figures. Looking ahead, Timex Group India plans to further embed itself in the Indian market through strategic partnerships and innovative campaigns as it celebrates 170 years of global legacy.

(With inputs from agencies.)