07-05-2025
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.
