Timex Group India Ltd Reports Double Digit Growth for Q4
New Delhi, May 30, 2024.
Timex Group India Ltd, part of the iconic watchmaker celebrating glorious 170 years of skillfully crafting watches, declared its earnings for the quarter ended March 24. Backed by sound strategic initiatives, the company reported a robust revenue growth of 11% and an impressive growth of 69% in profit before tax for the March quarter.
Q4 FY23-24 Channel Performance
• E-commerce continues to be a strong contributor to the Company’s revenue. The channel saw a growth of 67% over the same period last year.
• On the back of rising consumer affinity for premium segments, the luxury business continued its momentum with 48% growth vs the previous year’s same quarter.
Q4 FY23-24 Brand Performance
• The luxury brand Versace, on...
