'Net sales (including other operating income)
of Timex Group India has increased 55.46% to Rs 168.94 crore. Timex, the flagship brand, delivered a
powerful 77% year-on-year growth this quarter, reinforcing its leadership in
the segment. Guess Watches showed strong resilience with a 33% growth over the
same quarter last year. Versace recorded a notable growth of 18%, driven by
rising demand for aspirational luxury watches. Other licensed brands Gc,
Philipp Plein, Plein Sports, and Nautica, maintained solid momentum, delivering
robust quarter-on-quarter performance with increasing traction across premium segments
Operating profit margin has jumped from 3.90%
to 12.81%, leading to 410.38% rise in operating profit to Rs 21.64 crore.
Raw material cost as a % of total sales (net
of stock adjustments) increased from 34.68% to 45.33%. Purchase of finished goods cost fell from
30.55% to 18.06%. &nbs...
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