Foce India

Foce India Limited has been a prominent player in the Indian Horology, or watchmaking, industry for the last three decades, evolving from a small Mumbai-based retail shop. Today, the company manufactures and imports wristwatches under various brand names, establishing itself as a leader in the mid-range segment with wide distribution across the country. The company is primarily focused on trading wrist watches and men's accessories, while its subsidiary, FO Industries Private Limited, handles the manufacturing of these products. Management believes the Indian watch industry holds strong growth potential, supported by the country's positive economic outlook and increasing consumer demand for discretionary goods like watches. Looking ahead, the company aims to boost sales of its premium and luxury watches in top Indian cities and intends to open new physical stores in high-growth areas. This strategy is supported by strong financial performance, with the company's consolidated net profit after tax reaching ?1,589.25 lakhs in the 2023-24 financial year.;