Latest news with #DeepakChhabra
Fashion Network
13-05-2025
- Business
- Fashion Network
Timex expands into quick commerce with Swiggy launch
Watch business Timex has entered India's quick commerce segment with the launch of its collections on Swiggy Instamart. The move marks an extension of the company's omni-channel strategy, offering consumers instant access to Timex and TMX watches, including its TMX Kids range. 'Quick commerce is redefining how brands connect with consumers, offering speed, convenience, and accessibility like never before," said Timex India's managing director Deepak Chhabra in a press release. "As this space continues to grow, it's crucial for brands to evolve alongside it. At Timex, we are proud to strengthen our presence on platforms like Swiggy Instamart, ensuring our products are easily accessible to consumers, offering them a seamless shopping experience in just a few clicks." The initiative is aimed at catering to time-sensitive purchase needs, especially for occasions such as birthdays or anniversaries. Products are currently available in Delhi NCR, Bangalore, Hyderabad, and Mumbai, with plans to expand to more cities across the country. Prices for Timex's TMX Kids range start at Rs 699, while the wider Timex collection spans Rs 1,500 to Rs 7,000. The label's watches are also available through Flipkart-Minutes and Myntra -Now. Timex Group India Ltd retails over 5,000 trade outlets and online marketplaces and manages 40 exclusive franchise stores under Just Watches and Timex World. The quick commerce launch reflects its continued focus on accessibility and consumer convenience as these values continue to gain prominence amongst Indian consumers.
Business Mayor
08-05-2025
- Business
- Business Mayor
Timex India eyeing deeper digital footprint as FY25 total income rises 28%
New Delhi: Watchmaker Timex Group India Ltd (TGIL) is doubling down on digital channels, including e-commerce and quick commerce, following a strong financial performance in FY25. On Wednesday, the company has reported a strong 46 per cent year-on-year growth in total income for the quarter ended March 2025, reaching Rs 136.1 crore compared to Rs 93.5 crore in the same period last year. In FY25, its total income grew by 28 per cent to Rs 540 crore from Rs 422 crore in FY24, capping the company's best-ever annual performance, according to a regulatory filing. The company's EBITDA for Q4 stood at Rs 15.08 crore, up from Rs 11.17 crore in the year-ago period. Profit before tax during the quarter increased to Rs 13.04 crore from Rs 9.38 crore last year. With a growing share of sales coming from online platforms, TGIL is expanding its digital strategy beyond traditional e-commerce and foraying into quick commerce with platforms such as Flipkart Minutes, Myntra Now, and Swiggy Instamart. Talks are also underway with Blinkit and Zepto, as per the company's statement. 'We are committed to building on this momentum and amplifying brand presence across the length and breadth of the country and touchpoints right from quick commerce to retail outlets,' said Deepak Chhabra, managing director of the company. 'Consumers' love and loyalty for Timex is inspiring and keeps us going.' E-commerce sales grew 29 per cent during the fourth quarter, with direct-to-consumer platforms like and contributing to the brand's digital-first strategy. Quick commerce, a relatively new retail channel for watches, is expected to boost last-mile delivery efficiency and help Timex tap impulse-driven purchase behavior, especially in urban markets. The move aligns with rising consumer demand for faster, on-demand access to fashion and lifestyle products. As part of its growth strategy, the company focused on premium product lines, high-impact campaigns, and global collaborations. Brand partnerships included names like Jacquie Aiche, Fortnite, The New Yorker, and Giorgio Galli, along with marketing tie-ups such as IPL, India Beach Fashion Week, and Elle Fashion Gala. Timex Group India is expected to continue building on its multi-channel momentum and premium positioning in the evolving Indian watch market.
Time of India
08-05-2025
- Business
- Time of India
Timex Group India: Timex India eyeing deeper digital footprint as FY25 total income rises 28%, ET Retail
Advt Advt By , ETRetail Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETRetail App Get Realtime updates Save your favourite articles Scan to download App New Delhi: Watchmaker Timex Group India Ltd (TGIL) is doubling down on digital channels, including e-commerce and quick commerce , following a strong financial performance in Wednesday, the company has reported a strong 46 per cent year-on-year growth in total income for the quarter ended March 2025, reaching Rs 136.1 crore compared to Rs 93.5 crore in the same period last year. In FY25, its total income grew by 28 per cent to Rs 540 crore from Rs 422 crore in FY24, capping the company's best-ever annual performance, according to a regulatory company's EBITDA for Q4 stood at Rs 15.08 crore, up from Rs 11.17 crore in the year-ago period. Profit before tax during the quarter increased to Rs 13.04 crore from Rs 9.38 crore last a growing share of sales coming from online platforms, TGIL is expanding its digital strategy beyond traditional e-commerce and foraying into quick commerce with platforms such as Flipkart Minutes, Myntra Now, and Swiggy Instamart. Talks are also underway with Blinkit and Zepto, as per the company's statement.'We are committed to building on this momentum and amplifying brand presence across the length and breadth of the country and touchpoints right from quick commerce to retail outlets,' said Deepak Chhabra, managing director of the company. 'Consumers' love and loyalty for Timex is inspiring and keeps us going.'E-commerce sales grew 29 per cent during the fourth quarter, with direct-to-consumer platforms like and contributing to the brand's digital-first commerce, a relatively new retail channel for watches, is expected to boost last-mile delivery efficiency and help Timex tap impulse-driven purchase behavior, especially in urban markets. The move aligns with rising consumer demand for faster, on-demand access to fashion and lifestyle part of its growth strategy, the company focused on premium product lines, high-impact campaigns, and global collaborations. Brand partnerships included names like Jacquie Aiche, Fortnite, The New Yorker, and Giorgio Galli, along with marketing tie-ups such as IPL, India Beach Fashion Week, and Elle Fashion Group India is expected to continue building on its multi-channel momentum and premium positioning in the evolving Indian watch market.
Fashion Network
07-05-2025
- Business
- Fashion Network
Timex Group India reports profit before tax rose 41% in FY25
Timex Group India Limited reported a 41% rise in profit before tax for the 2025 financial year, driven by a strong performance across key brands and retail channels. The watchmaker also saw 46% year-on-year growth during the fourth quarter of the 2025 fiscal, alongside 35% growth in earnings before interest, tax, depreciation, and amortisation. TGIL's total income for the year reached Rs 540 crore, reflecting 28% growth, marking the business' highest annual revenue to date, TGIL announced in a press release. Brand performance in the fourth quarter of the 2025 fiscal was led by Philipp Plein with a 156% increase, followed by Gc at 66%, TMX at 49%, Timex at 44%, and Guess at 25%. On an annual basis, Philipp Plein posted triple-digit growth of 281%, while Versace grew 29%, TMX 34%, Timex 27%, and Guess 28%. Channel-wise, TGIL's trade business expanded 39% in the fourth quarter, while e-commerce grew by 29%. The OEM segment surged 251%, and the defence business doubled compared to last year. The luxury segment recorded 11% growth. "This has been a truly outstanding quarter and year for Timex Group India Limited, with a record-breaking growth," said the business' managing director Deepak Chhabra in a press release. "I am filled with immense pride and gratitude as we celebrate our quarterly and annual performance. This year, we have not only broken records but set new benchmarks for the future. We are committed to building on this momentum and amplifying brand presence across the length and breadth of the country, and touchpoints right from quick commerce to retail outlets. Consumers' love and loyalty for Timex is inspiring and keeps us going." TGIL expanded both its online and offline distribution, including new franchise stores and e-commerce partnerships. Looking forward, the business plans to strengthen its quick commerce presence through collaborations with Flipkart Minutes, Myntra Now, and Swiggy Instamart, with additional tie-ups under consideration.
