Timex Group India (500414) Q2 24/25 earnings summary

Executive summary

• Achieved highest-ever quarterly revenue of ₹17,208 lakhs in Q2 FY25, marking a 37% year-over-year increase, driven by strong growth in both core and luxury watch segments.

• Profit before tax rose 62% year-over-year to ₹2,385 lakhs, and EBITDA increased by 51%, reflecting operational efficiency and robust demand.

• Aggressive expansion across online and offline channels, with e-commerce revenue up 88% and luxury segment up 63% year-over-year.

• Expanded product portfolio with new launches and limited editions, enhancing brand presence and consumer engagement.

Financial highlights

• Revenue from operations for Q2 FY25 was ₹17,408 lakhs, up from ₹12,693 lakhs in Q2 FY24.

• Net profit for Q2 FY25 stood at ₹1,781 lakhs, compared to ₹1,100 lakhs in Q2 FY24.

• EBITDA for the quarter grew 51% year-over-year.

• Earnings per share (EPS) for Q2 FY25 was ₹1.70, up from ₹0.91 in Q2 FY24.

Outlook and guidance

• Management expects continued growth, supported by premiumization, channel expansion, and new product introductions.

• Focus remains on strengthening retail presence and capitalizing on rising demand for premium and luxury timepieces.