Timex Group India Limited disclosed its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27), approved by the Board of Directors in a meeting held on July 29, 2026. The meeting commenced at 4:30 PM and concluded at 5:30 PM.

Financial Performance (Quarterly Comparison)

All figures are in ₹ lakhs except per share data.

Revenue & Income:

  • Revenue from operations: ₹21,890 lakhs for Q1 FY27 (June 30, 2026), compared to ₹16,894 lakhs in Q1 FY26 (June 30, 2025) and ₹23,520 lakhs in Q4 FY26 (March 31, 2026).
  • Other income: ₹55 lakhs for Q1 FY27, compared to ₹31 lakhs in Q1 FY26 and ₹63 lakhs in Q4 FY26.
  • Total Income: ₹21,945 lakhs for Q1 FY27, compared to ₹16,925 lakhs in Q1 FY26 and ₹23,583 lakhs in Q4 FY26.

Expenses:

  • Cost of materials consumed: ₹15,501 lakhs (Q1 FY27)
  • Purchases of stock-in-trade: ₹2,930 lakhs (Q1 FY27)
  • Changes in inventories: (₹6,372) lakhs (Q1 FY27)
  • Employee benefits expense: ₹1,642 lakhs (Q1 FY27)
  • Finance costs: ₹109 lakhs (Q1 FY27)
  • Depreciation and amortisation: ₹91 lakhs (Q1 FY27)
  • Other expenses: ₹4,666 lakhs (Q1 FY27)
  • Total Expenses: ₹18,567 lakhs for Q1 FY27, compared to ₹14,938 lakhs in Q1 FY26 and ₹19,715 lakhs in Q4 FY26.

Profitability:

  • Profit before exceptional items and tax: ₹3,378 lakhs for Q1 FY27, compared to ₹1,987 lakhs in Q1 FY26 and ₹3,868 lakhs in Q4 FY26.
  • Exceptional items: ₹0 for Q1 FY27. The quarter ended March 31, 2026 (Q4 FY26) included an exceptional item of ₹210 lakhs related to the impact of New Labour Codes.
  • Profit before tax: ₹3,378 lakhs for Q1 FY27, compared to ₹1,987 lakhs in Q1 FY26 and ₹3,658 lakhs in Q4 FY26.
  • Tax expense: ₹876 lakhs for Q1 FY27 (Current tax: ₹898 lakhs, Deferred tax credit: ₹22 lakhs), compared to ₹520 lakhs in Q1 FY26 and ₹924 lakhs in Q4 FY26.
  • Profit for the period: ₹2,502 lakhs for Q1 FY27, compared to ₹1,467 lakhs in Q1 FY26 and ₹2,734 lakhs in Q4 FY26.
  • Total Comprehensive Income: ₹2,502 lakhs for Q1 FY27, compared to ₹1,467 lakhs in Q1 FY26 and ₹2,689 lakhs in Q4 FY26.

Capital Structure & Per Share Data:

  • Paid-up equity share capital: ₹1,010 lakhs (10.10 million shares of Re. 1 each fully paid-up), unchanged from previous periods.
  • Earnings per share (EPS):
  • Basic EPS: ₹2.44 for Q1 FY27 (not annualized), compared to ₹1.33 in Q1 FY26 and ₹2.90 in Q4 FY26.
  • Diluted EPS: ₹2.44 for Q1 FY27 (not annualized), compared to ₹1.33 in Q1 FY26 and ₹2.90 in Q4 FY26.

Notes to Financial Results

1. The financial results were prepared pursuant to Regulation 33 of SEBI LODR Regulations, reviewed by the Audit Committee, and approved by the Board on July 29, 2026.

2. The results are prepared in accordance with Indian Accounting Standard (Ind AS) 34.

3. The company operates primarily in manufacturing and trading of watches and related after-sales service, with additional activities providing IT support services to group companies. It is managed as a single operating segment.

4. The company recognized an exceptional item of ₹210 lakhs in Q4 FY26 and ₹531 lakhs for FY26 (year ended March 31, 2026) due to the financial impact of the four new Labour Codes notified by the Government of India on November 21, 2025. This provision is based on notified central rules and FAQs from the Ministry of Labour and Employment. The company continues to monitor the finalization of State rules and government clarifications.

5. The figures for the quarter ended March 31, 2026 (Q4 FY26) are balancing figures between the audited full-year results and the published nine-month results ended December 31, 2025.

The results have been disseminated on the company's website at www.timexindia.com.