Watch business ILG India eyes 30% growth in 2024

Watch business ILG (InterLuxury Group) India announced that it has crossed the 10 million mark in timepieces shipped and expects to report 30% growth in 2024. The business has registered and average annual revenue growth of 25% and reported Rs 150 crore in sales in 2023.

ILG India is expanding both the watch brands it retails and its product categories, the business announced in a press release. The business plans to widen its offering to include jewellery and other premium product categories while tapping into the demand for ‘Make in India’ goods in the domestic and international markets.
 
“I believe that my personal values and beliefs are closely aligned with our brand’s mission, and this has helped to create a sense of purpose and direction within the organisation,” said ILG India’s CEO Myank Nagpal about his vision for the company in a press release. The executive is a fourth generation leader of the family watch business.
 
ILG India works with over 20 watch brands to retail their products in the Indian market including Superdry Accessories, Ben Sherman, Hanowa, Swiss Military by Hanowa, Ducati Accessories, Reaction Kenneth Cole, Cerruti 1881, Police, and French Connection. The business retails on a mixture of multi-brand e-commerce platforms including Flipkart’s fashion arm Myntra, according to its website.