Daijiworld Media Network- Mumbai

Mumbai, May 7: Timex Group India Ltd (TGIL) has wrapped up FY2024-25 with a stellar performance, reporting its best-ever annual revenue and profits. Backed by a sharp growth strategy, the watchmaker not only clocked a 28% jump in total income, reaching Rs 540 crore, but also witnessed double-digit surges in EBITDA and PBT, according to company officials.

The final quarter alone saw a 46% revenue spike, with EBITDA up 35% and PBT soaring by 41%, reflecting a strong finish to an already successful year.

“This has been a truly outstanding year,” said Deepak Chhabra, Managing Director, TGIL. “We’ve not only broken records but also set new benchmarks, driven by our premiumisation focus, channel expansion, and deep consumer engagement.”

Brand & channel performance highlights:

• Timex posted 27% annual growth and 44% in Q4

• Guess maintained consistent momentum with 28% YoY

• Philipp Plein dazzled with 281% growth

• Gc, Versace, and TMX recorded strong double-digit growth

• OEM business grew a staggering 251%

• Defense segment doubled its performance

• E-commerce and luxury retail also saw strong traction

The company’s channel-first approach, including trade, direct-to-consumer (D2C), and OEM verticals, powered its expansion. TGIL also announced plans to venture into Quick Commerce through Flipkart Minutes, Swiggy Instamart, and Myntra Now, with talks underway for partnerships with Blinkit and Zepto.

Marking 170 years of Timex’s global legacy, the India unit leaned into storytelling-led campaigns like Waste More Time and global collaborations with Fortnite, Jacquie Aiche, and The New Yorker to deepen its aspirational image.

With a growing luxury portfolio and a renewed focus on innovation, Timex India is poised to strengthen its footprint across online, offline, and on-demand platforms in the new fiscal.