Timex Group India Limited (TGIL) has reported exceptional financial results for the first quarter, showcasing the success of its strategy focused on premium products and youth-oriented marketing. The company's performance underscores its strong position in India's dynamic watch market.

Financial Highlights

TGIL reported a robust 55% year-on-year increase in revenue, reaching Rs. 169.25 crore for Q1. This impressive growth was accompanied by significant improvements in profitability:

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a remarkable 4.5-fold increase, while Profit Before Tax (PBT) grew six-fold, highlighting improved operating leverage and strong bottom-line performance.

Brand Performance

Timex, the flagship brand, delivered an unprecedented 77% year-on-year growth, reinforcing its leadership in the segment. Other brands in TGIL's portfolio also showed strong performance:

• Guess Watches: 33% growth
• Versace: 18% growth
• Other licensed brands (Gc, Philipp Plein, Plein Sports, and Nautica): Maintained solid momentum

Strategic Focus

Deepak Chhabra, Managing Director of Timex India, commented on the results: "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."

The company's growth strategy centers on:

1. Premium-driven products
2. Targeting youth consumers
3. Omnichannel expansion
4. Brand diversification

Channel Performance

TGIL's omnichannel strategy showed strong results across various sales channels:

• E-commerce: 102% year-on-year growth
• Trade channel: 22% growth
• Retail expansion: New stores in high-impact locations
• Quick Commerce: Gaining traction for faster consumer access

Product Innovation and Collaborations

Demand remained strong for iconic Timex collections such as Q Timex, Marlin, Waterbury, Fria, and Expedition. The company also launched several global collaborations, including partnerships with Jacquie Aiche, The New Yorker, Netflix's Wednesday, and Superman x Warner Bros.

New Category Entry

Expanding its lifestyle offerings, TGIL entered the fashion jewelry category with the launch of GUESS jewelry, bringing the brand's bold, global aesthetic to India's fast-growing accessories market.

Outlook

With consistent market share gains exceeding the industry average over the past three years, Timex Group India is well-positioned for continued growth. The company remains committed to scaling its premium portfolio, innovating across products and platforms, and delivering elevated brand experiences that honor its global watchmaking legacy while shaping the future of timekeeping in India.

As Timex Group India continues to lead in revenue, profitability, and brand equity, it sets new benchmarks for performance in India's watch industry, promising an exciting future for the company and its stakeholders.

Timex Group India Limited , a leading player in the Indian watch industry, has reported exceptional financial results for the first quarter, showcasing robust growth across key metrics.

Revenue Soars

The company's revenue from operations witnessed a remarkable increase of 55%, reaching Rs 168.94 crore compared to Rs 108.67 crore in the corresponding quarter of the previous year. This significant growth underscores the company's strong market position and effective strategies in capturing consumer demand.

Profit Skyrockets

In a testament to its operational efficiency and market performance, Timex Group India's net profit surged by an impressive 503%, climbing to Rs 14.67 crore from Rs 2.43 crore in the same quarter last year. This substantial increase in profitability reflects the company's ability to leverage its revenue growth effectively.

Financial Highlights

Operational Performance

The company's total income reached Rs 169.25 crore, up from Rs 109.19 crore in the prior year quarter, marking a 55% increase. This growth was primarily driven by strong performance across various brands and channels.

Earnings Per Share

The basic and diluted earnings per share (EPS) stood at Rs 1.33, a significant improvement from Rs 0.06 in the same period last year, representing a remarkable 2117% increase.

Management Commentary

Deepak Chhabra, Managing Director of Timex India, expressed his enthusiasm about the results, stating, "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."

Brand Performance

• Timex, the flagship brand, achieved an impressive 77% year-on-year growth.
• Guess Watches demonstrated strong resilience with a 33% growth.
• Versace recorded a notable growth of 18%, driven by rising demand for aspirational luxury watches.
• Other licensed brands maintained solid momentum, delivering robust quarter-on-quarter performance.

Channel Performance

• E-commerce posted stellar 102% year-on-year growth, doubling its business.
• The trade channel, the company's largest, posted an impressive 22% growth.
• Other strategic verticals made a meaningful impact, with the OEM business witnessing noteworthy triple-digit gains.

Future Outlook

With a growing slate of global collaborations and a robust omnichannel strategy, Timex Group India is confident in accelerating its growth trajectory and further reinforcing its leadership in India's dynamic watch market.

The company's focus on premiumisation, product innovation, and expanding consumer access appears to be paying off, setting a strong foundation for continued growth in the coming quarters.

Timex Group India Limited continues to strengthen its position in the Indian watch market, leveraging its diverse brand portfolio and strategic initiatives to drive growth and profitability.