Timex Group India Limited filed a regulatory disclosure under Regulation 30 of SEBI LODR Regulations regarding its financial results for the quarter ended September 30, 2026. The disclosure includes a press release approved by the Board of Directors in their meeting held on November 3, 2026, which concluded at 5:00 p.m.

Financial Performance Highlights

  • Quarterly revenue reached ₹359 crore, representing 47% year-on-year growth and an all-time high for the company
  • Record EBITDA of ₹66 crore, marking 54% increase over the corresponding quarter last year
  • Profit Before Tax (PBT) rose 57% year-on-year to a record ₹64 crore
  • The results demonstrate strong profitability alongside revenue growth

Channel Performance (Q2 FY26-27)

  • E-commerce reported aggressive growth of 75%, outperforming overall company growth
  • Trade channel delivered 34% growth despite a higher base, supported by enhanced productivity per store
  • Exclusive Retail channel registered 48% growth supported by expansion of retail store network
  • All other channels recorded high double-digit growth

Brand Performance

  • Timex flagship brand delivered 67% year-on-year growth, supported by global collections and higher-value offerings
  • Timex and its sub-brands together grew 65%, driven by deeper market penetration
  • GUESS recorded 57% growth, supported by new collections, hero products and the launch of brand ambassador Tamannaah Bhatia
  • Aston Martin expanded its presence to more than 100 points of sale in its first year in India
  • Other fashion and premium watch brands benefited from targeted product launches and brand-specific initiatives

Strategic Initiatives

Premiumisation remained central to growth strategy with increased focus on higher price brackets, global collections and franchise development:

  • Launch of Timex Signio strengthened franchise-building efforts
  • New offerings under Timex Atelier supported premium positioning
  • Gc introduced limited-edition 20th anniversary watch

Distribution Expansion

  • Expanded presence across e-commerce, quick commerce, traditional trade, and travel retail
  • Quick commerce initiatives focused on reaching new consumer segments and last minute gifting options
  • Defense channel strengthened through new catalogue and collections
  • Airport points of sale and duty-free locations expansion supported travel retail presence
  • Addition of 4 retail doors across the country strengthened distribution network
  • Continued focus on improving productivity per store

Marketing and Partnerships

Strategic partnerships spanning fashion, lifestyle and sport:

  • Landmark launch of Tamannaah Bhatia as Brand Ambassador for GUESS Watches
  • Timex's title sponsorship of Delhi Times Fashion Week
  • Partnership with APL Table Tennis League

Awards and Recognition

  • Fashion Brand of the Year at ET FAME Awards presented by ET Retail
  • Best Watch Brand 2026 at Myntra Tech Threads 2026
  • Watch Brand of the Year at JEWELX Global Business Awards 2026
  • Recognition at 10th ICICI Lombard and CNBC-TV18 India Risk Management Awards 2026
  • Managing Director Deepak Chhabra received Excellence in Business Transformation and Leadership honor at Economic Times Industry Leaders 2026

Company Background

Timex Group India Ltd designs, manufactures and markets innovative timepieces and is part of Timex Group, a privately held company headquartered in Shelton, Connecticut. In India, TGIL manages a portfolio of brands including Timex, Versace, Guess, Aston Martin, Gc, Philipp Plein, Plein Sport, Ferragamo, Nautica and adidas. Retail presence includes more than 5,000 offline trade stores, key online marketplaces, and over 40 exclusive franchise stores under Just Watches and Timex World banners.