BusinessWire India New Delhi [India], October 25: Timex Group India Ltd (TGIL), part of the renowned American watchmaking giant, reported unprecedented growth for the second quarter of FY25. The company celebrating its 170 years reported its highest-ever quarter revenue of 172 crores driven by aggressive growth in brand Timex and significant expansion across the fashion and luxury brands. Also Read | SL vs WI Dream11 Prediction, 3rd ODI 2024: Tips and Suggestions To Pick Best Winning Fantasy Playing XI Team for Sri Lanka vs West Indies Match in Pallekele.
With 37% revenue growth over the previous year's same quarter, this quarter saw major growth in TGIL's product portfolio and an aggressive push across both online and offline channels, further solidifying its position in the premium and luxury watch market. PBT (Profit Before Tax) grew by 62%, showcasing the company's strong financial performance, while EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a significant growth of 51%, underlying TGIL's operational efficiency and market momentum. Q2 FY25 Channel Performance Also Read | Haryana: CM Nayab Singh Saini, Other Newly Elected MLAs Administered Oath by Protem Speaker Raghuvir Singh Kadian (Watch Video).
* E-commerce channel led the charge with a growth of 88% vs the previous year's same quarter. * The luxury segment recorded a substantial growth of 63% over the same period last year, showcasing the rising demand for premium timepieces in India .