Latest news with #DeepakChhabra
Business Upturn
30-07-2025
- Business
- Business Upturn
Timex Watches Hits Historic High in Q1 FY26, Fueling Record Results for Timex Group India Ltd
Timex Group India Ltd (TGIL), a leading force in India's watch industry and part of the global Timex Group, has reported exceptional financial results this quarter, underscoring the brand's continued upward trajectory. Business Wire India Advertisement Timex Group India Ltd (TGIL), a leading force in India's watch industry and part of the global Timex Group, has reported exceptional financial results this quarter, underscoring the brand's continued upward trajectory. The company recorded a revenue of Rs. 169 crores marking a substantial 55% surge in revenue, outpacing the same quarter from the previous year. EBITDA also saw a remarkable 4.5-fold increase, and Profit Before Tax (PBT) grew six times, highlighting improved operating leverage and strong bottom-line performance. Building on the momentum of successive high-growth quarters in last year, TGIL is charting an aggressive growth path powered by deeper consumer penetration, compelling brand storytelling, and a sharpened focus on premium product lines. With Timex performing at peak along with other brands reporting high double-digit growth, and all key channels, and new formats gaining traction, this quarter sets a new benchmark for the company's performance in India. Expressing his delight Mr. Deepak Chhabra, Managing Director of Timex India said, '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. Growth across all channels and brands has come together to create this strong momentum. With a growing slate of global collaborations and a robust omnichannel strategy, we're confident in accelerating this trajectory and further reinforcing Timex's leadership in India's dynamic watch market.' Q1 FY26 Brand Performance: Timex, the flagship brand, delivered a powerful 77% year-on-year growth this quarter, reinforcing its leadership in the segment Guess Watches showed strong resilience with a 33% growth over the same quarter last year Versace recorded a notable growth of 18%, driven by rising demand for aspirational luxury watches Other licensed brands Gc, Philipp Plein, Plein Sports, and Nautica, maintained solid momentum, delivering robust quarter-on-quarter performance with increasing traction across premium segments Q1 FY26 Channel Performance: E-commerce posted a stellar 102% year-on-year growth, doubling its business and reaffirming TGIL's strong digital strategy Trade channel, the company's largest channel, posted an impressive 22% growth on top of a high base Other strategic verticals also made a meaningful impact, with the OEM business witnessing noteworthy gains of triple digit during the quarter The retail footprint expanded with new stores in high-impact locations, while Quick Commerce gained traction bringing Timex closer to the consumer with speed and convenience. Trade channels also delivered solid growth, reflecting a strong, balanced channel mix. Demand for iconic Timex collections like Q Timex, Marlin, Waterbury, Fria, and Expedition remained strong, reaffirming the brand's deep connection with India's style-conscious audience. Global collaborations including Jacquie Aiche, The New Yorker, Netflix's Wednesday, and the latest Superman x Warner Bros partnership add to Timex's fashion-forward edge. Driving deeper engagement with Gen Z and Millennial Timex introduced Analog Life – Make Time Yours campaign, redefining what it means to live with intention. At a time when life feels more digital than ever, Timex celebrates the power of simplicity and living in the moment, urging people to take control of their time, amplify what truly matters, and make every second count. Further expanding its lifestyle play, TGIL entered the fashion jewellery category this quarter with the launch of GUESS jewellery, bringing the brand's bold, global aesthetic to India's fast-growing accessories market. This quarter marks a milestone for Timex Group India not just financially, but in cultural relevance and consumer influence. Over the past three years, the brand has consistently continued to gain market share at a rate exceeding the industry average. As Timex Group India continues to lead across revenue, profitability, and brand equity, it remains committed to building on this momentum, scaling its premium portfolio, innovating across product and platform, and delivering elevated brand experiences that honor its global watchmaking legacy while shaping the future of timekeeping in India. Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same.
Time of India
20-06-2025
- Business
- Time of India
Timex celebrates the power of simplicity and living in the moment
HighlightsTimex has launched its Analog Life | Make Time Yours campaign in 2025, encouraging individuals to live with intention amidst a digital-heavy lifestyle. The campaign includes the introduction of AnaLog-Off Day, promoting offline connections and the importance of shared moments. Deepak Chhabra, managing director of Timex Group India, emphasizes that a Timex watch symbolizes intentional living and reclaiming one's time. Timex has introduced its Analog Life | Make Time Yours campaign in 2025, redefining what it means to live with intention. At a time when life feels more digital than ever, Timex celebrates the power of simplicity and living in the moment, this National Watch Day , urging people to take control of their time, amplify what truly matters and make every second count. Timex believes that simplifying life doesn't mean slowing down—it means amplifying joy, connection, and purpose. As part of this movement, the brand is rolling out AnaLog-Off Day , inspiring people to unplug, connect offline, and celebrate the power of shared moments . Deepak Chhabra, managing director, Timex Group India said, 'With the Analog Life- Make Time Yours campaign, we're inviting people to pause, reflect, and reclaim their moments because a Timex isn't just a watch; it's a symbol of living with intention and presence.' Through the Make Time Yours campaign, Timex celebrates the authentic analog moments that make all our lives special and pays tribute to intentional living through timepieces that go beyond mere functionality. Rooted in enduring craftsmanship, each watch is designed as a timeless companion, urging people to take control of their time, amplify what truly matters, and make every second count. More than a watch, a Timex is a symbol of reclaiming your time. It's an invitation to step away from the noise and experience the world with clarity and intention. Make Time Yours. Watch the video here:
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.
