New Delhi, Nov 3 (PTI) Watchmaker Timex Group India Ltd on Tuesday reported a 55.83 per cent year-on-year rise in

New Delhi, Nov 3 (PTI) Watchmaker Timex Group India Ltd on Tuesday reported a 55.83 per cent year-on-year rise in

New Delhi, Nov 3 (PTI) Watchmaker Timex Group India Ltd on Tuesday reported a 55.83 per cent year-on-year rise in

New Delhi, Nov 3 (PTI) Watchmaker Timex Group India Ltd on Tuesday reported a 55.83 per cent year-on-year rise in net profit to Rs 47.11 crore for the September quarter of FY27.

     The company had clocked a net profit of Rs 30.23 crore in the July-September period a year ago, Timex Group said in a regulatory filing.

     Its total income surged 46.9 per cent to Rs 358 crore in the second quarter of FY27, compared to Rs 243.67 crore in the corresponding quarter a year ago.

     “Revenue growth was led by E-Commerce and Trade channels, especially distribution pushing ahead to grow in high-double digits,” the company said in its earnings statement.

     Total expenses of Timex Group India stood at Rs 185.67 crore, up 24.3 per cent YoY in the quarter under review.

     Timex Group total income, which includes other income, stood at Rs 359.17 crore, up 47.17 per cent in the second quarter.

     In the first half (H1) of FY27, total consolidated income of the company increased 40 per cent to Rs 578.62 crore.

     Timex Group India Ltd is part of the US-headquartered iconic Timex Group.

     Shares of Timex Group India Ltd on Tuesday settled 4.91 per cent higher at Rs 671.95 apiece on the BSE.

(This story has not been edited by THE WEEK and is auto-generated from PTI)