Timex Group India Limited
633.20
INR
-25.10
(-3.81%)
Timex Group India Limited
NSE:TIMEX
(National Stock Exchange of India)
Recent
price
633.20
P/E
ratio
62.08
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Timex Group India Limited (TIMEX.BO), a subsidiary of the US-headquartered Timex Group, manufactures, markets and distributes a broad portfolio of wristwatches and related timepieces across value, mid-market, premium and luxury segments in India; core offerings include the flagship Timex brand featuring analog quartz, digital and smartwatches such as Timex Ironman and collaborations like Timex x Superman, Jacquie Aiche, Dimepiece and TV Boy; licensed luxury brands encompassing Guess, Gc, Philipp Plein, Versace via Vertime, Nautica, Marc Ecko, Helix and Salvatore Ferragamo timepieces; value-segment TMX watches; emerging smartwatches under Timex and Helix with activity tracking and Bluetooth calling; alongside after-sales services, information technology support to group entities, original equipment manufacturing and defense sector supplies. The company operates manufacturing facilities in Noida, Uttar Pradesh and Himachal Pradesh, leveraging an extensive distribution network spanning over 4,300 outlets, e-commerce platforms including shop.timexindia.com and Justwatches.com, trade channels and quick commerce partnerships with Flipkart Minutes, Myntra Now, Swiggy Instamart, Blinkit and Zepto. Founded in 1988 as a joint venture initially with Jayna Times Industries and later Titan Watches until 2000, Timex Group India maintains headquarters in New Delhi and focuses on domestic consumers while supporting global Timex Group brand strategies. In recent developments, the company reports unprecedented FY25 revenue of Rs 668 crore, up 59% year-over-year with record profits of Rs 56.1 crore driven by 28% quarterly growth, premiumization via new collections and global collaborations, robust brand performances including 44% Timex growth, 66% Gc expansion, 156% Philipp Plein surge and 251% OEM division increase; Q4 FY25 highlights feature the launch of India's first Guess Automatic watches, Guess Jewellery expansion and a strategic partnership with Aston Martin for luxury watches blending automotive heritage and Formula One design; further enhancements include IPL association, India Beach Fashion Week and Elle gala collaborations to bolster brand positioning.