The Hindu Business Line : Timex eyes 15 pc growth this fiscal

Australian cricketer Brett Lee, Mr Kapil Kapoor, Vice-President (Asia Pacific) and Managing Director, Timex Watches Ltd, and Mr Frank Sherer, Chairman, at a press conference in the Capital on Tuesday. — Kamal Narang

New Delhi , May 3

KEEPING an optimistic outlook for the Indian watch market, Timex India today said it expected its sales to grow by about 14-15 per cent in the current year.

"Our revenues stood at about Rs 84 crore in the last fiscal and we expect to grow by 14-15 per cent in the current year," Mr Kapil Kapoor, Vice-President (Asia Pacific) and Managing Director, Timex Watches Ltd, told reporters on the sidelines of the launch of Timex Perpetual Calendar Collection.

The new collection is being endorsed by Australian cricketer Brett Lee. There will be a new television commercial for the new range of watches, which has been priced between Rs 2,995 and Rs 4,495.

The company is also looking at expanding its retail operations in India this year.

"We will be making fresh investments towards expanding our retail and marketing operations in India and these investments would run into several millions of dollar," Mr Kapoor said.

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