Watches

Country emerging as a lucrative market for premium timepieces, a trend led by the young generation

Titan beat growth expectations across most segments and this led to likely earnings upgrades for FY25 to the tune of 4-5%

Mitra points out that Titan has seen a slow but subtle shift in the buying habits of women. In the last seven years the share of women's watches has gone up from 40 per cent to 45 per cent

The company's reported a profit of Rs 786 crore ($94.2 million) in the quarter ended March 31, up 7.1% from last year, but missing analysts' expectation of Rs 799 crore as per LSEG data

Rolex is the biggest Swiss watch brand and dominates the industry with an estimated 30% market share. Known for its Datejust, Daytona and Submariner models

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Indian jeweller and watchmaker Titan Co Ltd said on Friday it registered a revenue growth of 22% year-on-year in the third quarter ended Dec 31 as it saw double-digit growth in its jewellery business

Leading jewellery and watchmaker Titan on Friday reported a 20 per cent growth in standalone revenue for the second quarter ended September 30, 2023. During the period, it added 81 stores across verticals, taking the group's retail presence to 2,859 outlets, according to a quarterly update by Titan. Its jewellery division reported a revenue growth of 19 per cent. Building on the positive first quarter momentum, domestic consumer sales (secondary) exhibited strong year-on-year growth and were led by double-digit increase in buyers and ticket sizes. Moreover, as part of its global expansion, its jewellery brand Tanishq expanded its Gulf Cooperation Council (GCC) presence by entering Qatar and adding two new boutiques in Doha. The Jewellery Division added 39 stores, taking the total count to 598. The Watches & Wearables (W&W) Division's domestic business grew 32 per cent. This comprises 22 per cent growth in the Analog watches and over two-fold growth in Wearables. "The Wearables

Leading Japanese consumer electronics maker Casio would start local manufacturing of watches by the end of this year in India, which is a priority market for the company, a top company official said on Wednesday. The company is working with a local partner here, where quality evaluation is going on and expects to launch its first Made-in-India range of watches by the end of this year, said Casio India, Managing Director Hideki Imai. "We expect this to happen before the end of this year," Imai told PTI. Casio is encouraged by its sales in India in the last financial year that ended on March 31, 2023, recording a high double-digit growth in revenue numbers and the highest operating profit. "We are prioritising the Indian market, which has the highest growth potential. India has the highest number of youth, below 35 years and we have recognised that fact. We are optimistic about growing the business here in India," said Imai adding the parent company expects the India unit to deliver

Touted to be a first-of-its-kind marriage between art, history and innovation, marketplace HEFTY.art, renowned sculptor Arzan Khambatta and watchmaker Bangalore Watch Company on Wednesday announced a new collection paying homage to the legendary INS Vikrant R11. The exclusive collection, crafted from the reclaimed metal of the revered warship, includes five exclusive sculptures designed by Khambatta and a limited-edition series of 70 wristwatches created by Bangalore Watch Company. The creations will be further fortified with HEFTY.art's digital non-fungible tokens (NFTs), infusing them with authenticity and security in the digital realm, a press release stated. The Mumbai-based artist is recreating his existing sculpture of INS Vikrant at Lions Gate, Mumbai and will sculpt five unique representations of the monumental warship. Complementing the sculptures are the limited-edition wristwatches incorporating the warship's metal, establishing a tangible connection between heritage and

Imports touched 98.5 million Swiss francs (nearly Rs 933 crore) in the January to June period this year period from 81.2 million francs a year earlier

The number of Rolex watches on the secondary market increased by 19 per cent in the fourth quarter alone, Morgan Stanley and WatchCharts estimated

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Leading watchmaker Timex Group India Ltd on Monday said it has been granted manufacturing and distribution rights for Guess & Gc branded watches in the country. It has sealed a pact with Timex Nederland B.V. for the grant of manufacturing and distribution rights for the Indian market, Timex India said in a statement. "The deal is a significant win for Timex Group India, given the Guess & Gc market share, reach and brand recognition in the fashion watch segment. The power of the Guess & Gc brands will be a great addition for Timex Group India," Titan said in a statement. This partnership will allow Timex Group India to expand its business through the distribution of style-driven product assortments to its fashion-focused customer base. Timex Group India Managing Director Sharmila Sahai said, "We are delighted to announce this partnership. Guess & Gc branded watches are known for providing quality timepieces for fashion-conscious consumers worldwide, and the recognition .

Titan on Wednesday said it has witnessed a strong recovery in demand in the July-September quarter, and its sales in most of its divisions have either reached above or close to pre-pandemic levels

Meteorites have been used in recent times by fine watchmakers and jewellers alike

The watchs segment saw 89% decline in revenue for Q1

Fossil has partnered with EcoMatcher to plant a tree in honour of each person who purchases the Solar Watch