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    Fernando Bucheli, Ambassador of the Republic of Ecuador, met Chief Secretary.GoK

    FCA bans former Credit Suisse vice president following US criminal conviction

    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

    World Health Assembly adopts historic Pandemic Agreement to make the world more equitable and safer from future pandemics

    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

    WHO warns of slowing global health gains in new statistics report

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    India to the International Grid: UMA Bootcamp 2025 Opens Applications for Global Track Training

    Governor Thaawarchand Gehlot Inaugurates ‘Centre for Future Skills’ at Karnataka State Open University

    Governor Presents “Atithya Rathna” and “Udyama Rathna” Awards at Karnataka State Hotels Association’s 70th Anniversary Celebration

    Students aspiring to pursue education in the academic year 2025–26 are encouraged to enroll in BBMP schools/colleges and make the best use of the facilities provided by BBMP: Suralkar Vikas Kishor

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  • Business

    Cambridge announces results of its largest ever March series held in India

    Blue Dart Express Limited Clocks ₹ 5,720 Cr Revenue for FY25, Maintains Steady Q4 Momentum

    Reliance General Insurance delivers PAT up YoY by 12.5% at INR 315 cr, Gross Direct Premium of ₹12,548 crore – up 7.4% YoY, outpacing industry growth of 5.2%

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    Bisleri Excites Consumers with “Mission Impossible – The Final Reckoning” Limited Edition Pack

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    Safer walking and cycling crucial for road safety and better health

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    Inaugural program of “Vidhan Soudha Guided Walking Tour” on May 25.

    LTIMindtree Signs MoU with IIM Mumbai to Launch Postgraduate Program for Executives in AI-led Experience Design

    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

    The team from Sri Ramakrishna Engineering College, Coimbatore, received the 'Winner' award from Prof. (Dr.) T. G. Sitharam, Chairman of AICTE, and Mr. Abhishek Sinha, Executive Director & President - Medical, Smart World & Functions, L&T Technology Services.

    8th Edition of TECHgium® Showcases Engineering Excellence and Bold Innovations

    Union Minister Shri Ashwini Vaishnaw Unveils India’s First 3nm Chip Design Centres in Noida and Bengaluru

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  • Auto

    Tata Motors registered total sales of 70,187 units in May 2025

    Mr. Khaled Mahmoud, CEO, MM Group for Industry and International Trade along with Mr. Asif Shamim, Head, International Business, Tata Motors Commercial Vehicles at the launch of Tata Motors’ commercial vehicles range in Egypt

    Tata Motors advances Egypt’s Mobility Landscape; Launches Wide Range of Commercial Vehicles in Partnership with MTI

    Volvo Cars and Google expand partnership with Gemini integration and accelerated automotive innovation

    Honda Motorcycle & Scooter India Launches All-New “X-ADV”

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    India to the International Grid: UMA Bootcamp 2025 Opens Applications for Global Track Training

    BCCI announces fixtures for Australia Women’s, Australia Men’s A and South Africa Men’s A team tours of India

    Inaugural program of “Vidhan Soudha Guided Walking Tour” on May 25.

  • Entertainment

    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

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    Bisleri Excites Consumers with “Mission Impossible – The Final Reckoning” Limited Edition Pack

    Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now

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Timex Group India Ltd Delivers Another Strong Financial Result for Q3 FY25

FWM by FWM
February 3, 2025
in Economy & Politics, National
0
Timex Logo

Timex Logo

Premium Product Launches, Channel Expansion, and Luxury Segment Drive Exceptional Performance
Delhi, India:  Timex Group India Ltd (TGIL), a prominent player in the Indian watch industry and part of the globally renowned Timex Group, has reported an impressive financial performance for the third quarter of the fiscal year 2025. Driven by the launch of innovative and premium products, expansion of distribution channels, and strong traction in the luxury and fashion segment, the company achieved a record total income of 120 crores, reflecting a double-digit growth of 27% vs last quarter. Both EBITDA and PBT show the upward journey of the company, each reported at 4.6 crores, and 2.6 crores respectively.
The quarter’s results highlighted strong performance across channels, with traditional trade taking the main stage as the largest sales contributor with an impressive growth of 30%. E-commerce maintained the growth momentum this quarter, while the defence sector demonstrated significant progress, underscoring Timex Group India’s ability to diversify and cater to varied markets effectively.
Timex continues its strong momentum, with the core brand Timex delivering an impressive 36% growth this quarter. In the fashion segment, Guess recorded a solid 17% growth. Notably, Philipp Plein, a key brand in the licensed luxury portfolio, 82% Growth in Q3, underscoring the segment’s robust performance.
Timex Group India Ltd financial highlights for YTD FY25
Business Performance

  • Total income reached ₹403.7 crores, showing an impressive 23% double-digit growth
  • Profit Before Tax (PBT) also saw an increase of 62%, indicating strong financial health
  • Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by 44%

Channel Performance

  • E-commerce grew by 31%,
  • Trade saw an impressive growth of 22% while other channels had a healthy double-digit growth

Brand Performance

  • Timex maintained the growth momentum with a 22% increase
  • Luxury brand Versace saw a spectacular growth of 37%
  • Guess grew by 29%
  • Philipp plein at 337%

Mr. Deepak Chhabra, Managing Director, Timex Group India Ltd, commented on the quarter’s performance, “We are excited to share yet another successful quarter performance, which is a result of our continuous focus on delivering exceptional craftsmanship and tapping into emerging market opportunities in the premium segment. The outstanding performances of our flagship Timex brand coupled with fashion and luxury segments, inspire us to keep innovating and expanding our reach to meet India’s growing appetite for premium timepieces.”
The quarter was also marked by the 170th-anniversary limited edition 1-dollar watch launch, showcasing the legacy of Timex in the art of watchmaking, amplifying the brand’s visibility, and strengthening consumer engagement across platforms. Collaborations with globally recognized brands and designers such as Fortnite, James Brand, and Jacquie Aiche further solidified Timex’s appeal among India’s modern, style-conscious consumers. The festive season launches witnessed the acceptance of premium collections, including the Timex Fria Peekaboo range which introduced watches with unique, modern designs.
Timex Group India Ltd is charting a clear course for sustained growth reaching new milestones each quarter. The company plans to deepen its presence in high-potential areas including airport retail, introducing premium brands, and diversifying its portfolio with new categories like Guess Jewellery further enhancing its consumer connection.
Timex continues with its commitment to watchmaking with the launch of a limited-edition watch designed by Timex’s Milan-based Creative Director, Giorgio Galli, whose passion for minimalist design and functional elegance has set him apart in the watch industry. Limited to just 500 pieces, the Giorgio Galli S2Ti is the final evolution of the iconic S series that redefines sophistication, seamlessly blending contemporary design with exceptional durability. Enhanced digital experiences are a top priority to keep pace with India’s rapidly evolving consumer landscape.

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