Timex Group India's Record-Breaking Growth in Watch Industry
Timex Group India Ltd (TGIL) has reported exceptional growth in the watch industry, with a 77% increase in its flagship brand Timex. The company achieved significant revenue growth driven by premiumisation, strong digital strategy, and expanded consumer reach, reinforcing Timex's leadership in the market.
- Country:
- India
In a remarkable performance this quarter, Timex Group India Ltd (TGIL), part of the global Timex Group, reported outstanding financial results, with a 55% surge in revenue at Rs. 169 crores. The flagship brand, Timex, achieved a 77% growth, underscoring its leadership in India's watch industry.
Driven by premiumisation, compelling brand storytelling, and innovative strategies, TGIL shows no signs of slowing down. Timex, along with other brands under TGIL, reported significant growth, with e-commerce posting a stellar 102% year-on-year growth, reaffirming the company's strong digital strategy.
Industry experts highlight Timex's success in penetrating deeper into the market, with strategic global collaborations and a focus on burgeoning consumer interests. Timex Group India Ltd continues to shape the future of timekeeping by expanding its premium portfolio and delivering elevated brand experiences.
(With inputs from agencies.)
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