'Net sales (including other operating income)
of Timex Group India has increased 39.98% to Rs 243.67 crore. During Q2FY26, Versace emerged as the
fastest-growing brand within the Timex Group portfolio, recording an impressive
growth rate of 57%. The core Timex brand also delivered a strong performance,
achieving a robust 52% growth. Guess continued its positive momentum with a
solid year-on-year increase of 45%. In terms of distribution channels, the
E-commerce segment reported high double-digit growth of 53%, reflecting the
brand’s strengthening digital presence. The Trade channel also maintained its
strong performance, registering a growth rate of 30% during the quarter.
The company also produced the highest ever
number of watches in a quarter at its manufacturing facility in Baddi, Himachal
Pradesh
Operating profit margin has jumped from
14.44% to 17.46%, leading to 69.28% rise in operating profit to Rs 42.54
crore.
...
Pleaselogin & subscribe to view the full report.
More Reports
|
|