7.5 lakh shares changed hands in the counter on BSE.

For FY 2005 (year ended 31 March 2005), Timex Watches announced turnaround results and the completion of its restructuring exercise. For the full year ended 31 March 2005, it posted a net profit of Rs 72 lakh (loss of Rs 16.65 crore). Net sales grew 21% to Rs 82.86 crore.

Timex Watches plans to add 120 new stores in the next 36 months, of which 50 stores will added in by the end of 2006. The company plans to double its turnover to Rs 160 crore in the next three years.

The company plans to expand its brand portfolio by brining in two global brands Opex and FCUK through the licensing route.