Timex Watches reported net profit of Rs 0.23 crore in the quarter ended March 2007 as against net loss of Rs 0.29 crore during the previous quarter ended March 2006. Sales rose 20.91% to Rs 27.00 crore in the quarter ended March 2007 as against Rs 22.33 crore during the previous quarter ended March 2006.

For the full year, net profit rose 119.13% to Rs 2.52 crore in the year ended March 2007 as against Rs 1.15 crore during the previous year ended March 2006. Sales rose 25.31% to Rs 113.58 crore in the year ended March 2007 as against Rs 90.64 crore during the previous year ended March 2006.