Here we have listed the top watch manufacturing companies in India based on their profit. In India, watch industries are getting high profits due to e-commerce and also the development in features.
The watch manufacturing companies have developed their product into 3 categories they are watches, luxury watches, and finally smartwatches.
Market Value and market share of watch segment:
The estimated value of the Indian watch market is INR 13,500 Cr. The fashion segment (INR 5,000 – INR 25,000) accounts for around 21% of the market, while the mass and mid-segment watches priced under INR 5,000 account for about 30% of the market.
Collectively, it is estimated that the Premium, Bridge to Luxury, and Luxury segments will account for 49% of the market. Despite having a sizable value and volume share of the industry, the Mass & Mid segments’ growth is only 5-7%. Conversely, the fashion and premium segments are expanding at a CAGR of about 12%. With a CAGR of 13–14%, the Luxury segments are expanding more quickly than other segments.
TIMEX GROUP INDIA LIMITED
- Founded: 1961
- Headoffice: New Delhi
- Brand:
- Industries: Gems Jewellery And Watches
- Listed in Exchange: BSE(500414)
Timex Group India Limited is an Indian watch manufacturing companies that are part of the global Timex Group. It is one of India’s top watchmakers, with a significant domestic market presence in addition to exports to more than 60 other nations.
The business sells a variety of watches, including analog, digital, and smartwatches, for men, women, and kids. In India, it operates a network of more than 3,000 multi-brand outlets and more than 200 exclusive boutiques. Timex Group India Limited is renowned for emphasizing innovation and quality, and it has won numerous accolades for both its goods and services.
Plant: Timex Group India manufacturing plant location Himachal Pradesh.
Timex Group India Financial Parameter:
- Revenue from operations: 26,554 Lakhs
- Profit before tax: 869 Lakhs
- Profit of the year: 322 Lakhs
Ratio
- Inventory turnover ratio: 3.41
- interest coverage ratio: 2.69
- Debt Equity ratio: 1.53
- Operating Profit Margin: 3.27%
- Net Profit Margin: 1.21%
- return on net worth: 19.4%
KDDL Limited
- Founded: 1981
- Headoffice: Chandigarh
- Brand: Ethos and Summit
- Industries: Gems Jewellery And Watches
- Listed in Exchange: NSE(KDDL), BSE(532054)
KDDL is a leading and well-known popular watch manufacturing company in India. KDDL becoming a powerful engineering corporation capable of producing high-quality, precision-stamped components and cutting-edge tools for a range of non-horological applications.
Through its subsidiary Ethos Limited, KDDL also oversees the largest organized chain of luxury Swiss watch retailers. Ethos ltd is trading in NSE, BSE exchange
Product: KDDL has production of precision engineering components, sub-assemblies, advanced tools, watches, and watch components.
Manufacturing plant: KDDL has manufacturing facilities at Parwanoo (Himachal Pradesh), Derabassi (Punjab) for the production of dials, and Bengaluru (Karnataka) for the production of hands and precision components.
Subsidiaries: KDDL subsidiaries
- Ethos Limited
- Mahen Distribuon Limited
- Satva Jewellery and Design Limited
- Kamla Internaonal Holdings SA
- Pylania SA
- Kamla Tesio Dials Limited
KDDL Financial parameter:
- Revenue from operation: 8,315.8 Million
- Profit before tax: 522.9 Million
- Profit of the year: 371.5 Million
Ratio for KDDL
- debtor’s turnover ratio: 5.7 times
- inventory turnover ratio: 2.1 times
- interest coverage ratio: 6.8
- current ratio: 1.17
- Debt-equity ratio: 0.20
- operang profit margin: 16.7%
Titan Company Limited
- Founded:1984
- Headoffice: Bangalore
- Brand: Titan, Sonata, Fastrack, FAVRE LEUBA, XYLYS, NEBULA, RAGA, SF, TITAN WORLD, HELIOS
- Industry: Gems Jewellery And Watches
- Listed in Exchange:NSE(TITAN), BSE(500114)
Titan Watches Limited was the original name of the joint venture between the Tata Group and Tamil Nadu Industrial Development Corporation (TIDCO) that would later become known as Titan Company Limited is popularly known as Titan.
In terms of integrated own-brand watch production, Titan is ranked seventh globally. Titan has developed lifestyle brands across numerous product categories and entered underserved markets.
Titan is a leading manufacturer of watches, jewelry, and eyewear in India, and it also has a significant presence in the international market.
It has also established a strong retail presence in India and abroad, with a network of over 1,800 stores in more than 30 countries.
Based on revenue, Titan is ranked second in the jewellery segment. For more detail Click Here
Titan Financial Parameter:
- Revenue from Operation: 28,799 Cr
- Profit before tax: 2,904Cr
- Profit of the year: 2,198Cr
Ratio
- Return on Net Worth: 26%
- Interest Coverage Ratio: 1049
- Current Ratio: 2
- Debt Equity Ratio: 0.2
- Net Profit Margin: 8%
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