A global watchmaker and lifestyle brand renowned for its heritage and innovation is set to address unresolved dividends for preference shareholders. The article explores this financial move alongside its striking 376 percent profit surge, signalling robust recovery and strategic fiscal management.
Timex Group Limited’s stock, with a market capitalisation of Rs. 1,981 crores, rose to Rs. 196.25, hitting the intraday upper circuit, up 20 percent from its previous closing price of Rs. 163.55. Furthermore, the stock over the past year has given a return of 44 percent.
Quarter Update
The company saw strong growth: revenue jumped 47 percent compared to last year and profits rose 30.5 percent. The company also announced dividends for two types of shareholders:
- 0.09 percent non-cumulative preference shares: Rs. 0.23 lakhs for 2024-25.
- 13.88 percent cumulative preference shares: Rs. 9.54 crore total (split as Rs. 3.18 crore each for 2024-25, 2018-19, and 2019-20) to settle unpaid past dividends.
These dividends will be subject to the approval of the shareholders of the company at its Annual General Meeting (“AGM”). The dividend, once approved, shall be paid on or before 30 days from the date of declaration.
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Financial Highlights – Q4
Timex Group India reported a 30.51 percent year-on-year increase in net profit to Rs. 9.24 crore for the quarter ended March 2025, compared to Rs. 7.08 crore in the same quarter of the previous year. Revenue for the quarter surged 47.09 percent, reaching Rs. 135.41 crore, up from Rs. 92.06 crore in Q4 FY24.
In Q4FY25, the revenue is up 12.9 percent QoQ from Rs. 119.94 crore in Q3FY25, while profit jumped sharply by 376.3 percent QoQ from Rs. 1.94 crore, indicating strong sequential growth and improved profitability.
Indian Watch Industry
The Indian watch market is on track for growth with luxury segments expected to reach $0.68 billion by 2034, though at a modest 1.2% CAGR. Major players like Titan lead through strategic segmentation, while foreign luxury brands like Omega outperform global averages in India. E-commerce is emerging as a crucial distribution channel. Growth drivers include increasing consumer preference for premium timepieces, rising health consciousness, and fitness trends among younger generations, creating opportunities for smart and luxury watches alike.
Written by – Fazal
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