Timex Group India Q1 Results Revenue Rises to ₹10,867 Lakhs, Profit Declines to ₹243 Lakhs

Timex Group India Q1 Results 2024-2025: Timex Group India announced their Q1 results on July 31, 2024, showing a significant increase in revenue. For the quarter ending June 30, 2024, the company reported a revenue of ₹10,867 lakhs, which represents a 17.98% rise compared to ₹9,206 lakhs in the previous quarter, March 31, 2024.

This uptick in revenue highlights a strong quarter-over-quarter (QoQ) growth for Timex Group India, indicating a solid performance in their watch operations. In terms of profit, Timex Group India saw a notable drop of 65.7% QoQ. The profit for the quarter stood at ₹243 lakhs, down from ₹708 lakhs in Q4 2023-2024.

This decrease in profit despite increased revenue suggests higher costs or other operational challenges. The company's earnings per share (EPS) remained steady at ₹0.06 (basic) and ₹0.35 (diluted), unchanged from the previous quarter.

Overall, while the revenue growth is promising, the QoQ drop in profit indicates areas that may require attention moving forward.

Timex Group India Q1 Results 2024 - 2025

Here's a summary of Timex Group India's Q1 results for the fiscal year 2024-2025:

The company reported a significant increase in revenue but experienced a notable decline in profit. Below is a detailed breakdown of the financial results for the quarter ended June 30, 2024:

Source: Click Here

Timex Group India Current Market Overview

Timex Group India is currently trading at ₹148 per share, with a market capitalization of ₹1,498 crore. The stock has fluctuated between a high of ₹203 and a low of ₹113 recently. It has a Price-to-Earnings (P/E) ratio of 78.7, indicating how investors value the company's earnings.

The book value is ₹0.67, and the company’s Return on Capital Employed (ROCE) is a strong 33.4%, showing efficient use of capital. However, the dividend yield is 0.00%, meaning it does not currently pay dividends. The stock's face value is ₹1.00.

Quarterly Results

The following table presents the financial performance of Timex Group India for the quarters ending December 2023, March 2024, and June 2024. This includes key metrics such as sales, expenses, and net profit.

About Timex Group India

Timex Group India is a major player in the watch industry and is part of the global Timex Group B.V. based in the Netherlands. The company entered the Indian market in 1988 and has since become a prominent name in the watch sector.

With a rich history dating back to 1854, when the Timex brand was originally founded as the Waterbury Clock Company, Timex Group India offers a diverse range of watches that cater to various styles and preferences.

Known for its quality and innovation, the company continues to be a leading brand in India, providing customers with reliable and stylish timepieces.