Latest news with #TimexGroup
Mint
22-05-2025
- Business
- Mint
Small-Cap stock Timex Group hits 10% upper circuit, scales all time high amid Stock market crash
Stock Market Today: Small-Cap stock Timex Group share price gained 10% during the intraday trades on Thursday to hit upper circuit. The stock scaled all time high even as stock market crashed and when the S&P BSE Sensex lost more than 1% during the intraday trades Small Cap Stock-Timex Group share price opened at ₹ 243.95 levels on the BSE on Thursday. At the time of opening Timex Group share price was more than 1% higher than the previous days closing price of ₹ 240.20.10. The Timex Group share price however gained during the morning trades to the intraday highs of ₹ 264.20 , which meant gains of 10 for the Timex Group share price. This was on a day when the Stock Market Crashed and the S&P BSE Sensex declined more than 1% during the intraday trades. Notably the level of ₹ 264.20 for Timex Group share price which meant gains of 10% was also the upper price band for the Timex Group share price. Hence the Timex Group share price had hit upper circuit limit abd was locked at the same level during the intraday trades on Thursday The Small Cap Stock Timex Group share price that was trading at close to ₹ 21 Levels in May 2020 and ₹ 31-32 levels in May 2021 has risen multi fold during last 4-5 years. The sTimex Group share price thereby has given Multibagger returns to the investors The intraday high for Timex Group share price on Thursday was also one year high as well as record high for the Timex Group share price. During the March 2025 quarter Timex Group India Ltd had reported Net profit growth of 30.5% to ₹ 9.24 crore, as earnings before interest, taxes, depreciation, and amortization (Ebitda) expanded at a robust double-digit pace of 35%. Small Cap Stock Timex Group highlighted that Timex, the core brand, posted robust growth of 44% in the quarter Helped by multi-channel expansion, product innovation, and a rise in the market share of the Timex brand, Timex Group India Ltd.'s revenue from operations jumped by 47% to ₹ 135.41 crore in the January to March 2025 quarter (Q4FY25) compared to the same quarter last year. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
22-05-2025
- Business
- Business Standard
Smallcap stock hits record high in weak market; rallies 69% thus far in May
Timex Group India share price today Shares of Timex Group India (TGIL), one of India's leading watchmakers, and part of the US-headquartered iconic Timex Group, hit a record high of ₹264.20 on the BSE today. Timex Group India shares were locked in the 10-per cent upper circuit in Thursday's intraday trade, in an otherwise weak market. In comparison, the BSE Sensex was down 0.83 per cent at 80,916.92 at 10:08 AM. As many as 114,000 equity shares have, so far, changed hands on the counter. Further, there are pending buy orders for 103,188 equity shares on the BSE, exchange data shows. Thus far in the month of May, the stock price of the smallcap company has zoomed 69 per cent. It has bounced back 76 per cent from its previous month low of ₹150, touched on April 7, 2025. Catch Stock Market Latest Updates Today LIVE Strong Q4 results In the January to March 2025 quarter (Q4FY25), TGIL registered a 47 per cent increase in revenue from operations at ₹135.41 crore over the same quarter in the previous year, driven by multi-channel growth, product innovation, and increased Timex brand market share. Earnings before interest, taxes, depreciation and amortisation (Ebitda) grew at a strong double-digit rate of 35 per cent, while profit after tax (PAT) surged by 31 per cent. The management said the company's channel-first approach delivered exceptional results in the year, with heightened productivity in trade stores, robust e-commerce expansion, and a solid Direct-to-Consumer footprint through and As an impetus to build a much stronger and robust new financial year, the brand has strategic plans to venture in Quick Commerce with key partners such as Flipkart Minutes, Myntra Now, and Swiggy Instamart, while progressing toward other potential partnerships with Blinkit and Zepto, strengthening its ondemand availability, and making Timex products more accessible at consumers' fingertips, the management said. Growth Opportunities The Indian watch industry has strong growth potential. India has very promising macro-economic factors including positive growth outlook of the Indian economy, inflation coming under control, government's boost for increasing demand and per capita income, Indian demography, urbanization, and increasing fashion spends of Indian population, are all ensuring long term growth of the country. This will boost overall consumer demand and specifically demand for more discretionary goods including watches, according to TGIL. With the huge growth potential in lower tier cities, the business is expected to grow at a faster pace. Wrist watch penetration is very low in India which provides huge untapped potential to cover. Traditional analogue watch segment has ample room to grow and majority of the Indian consumers still like to wear them compared with smart wearables. About Timex Group India Timex Group India (TGIL) designs, manufactures, and markets innovative timepieces and is part of Timex Group, which is a privately held company headquartered in Middlebury, Connecticut, with multiple operating units. Apart from Timex, one of the leading watch brands in India, TGIL has a vast range of licensed brands like Versace, Guess, Gc, Philipp Plein, Plein Sport, Ferragamo, Nautica, Ted Baker, adidas, and UCB watches. It retails via over 5000 offline trade stores and key online marketplaces. TGIL also operates over 40 exclusive franchise stores under the umbrella of Just Watches and Timex World.
