Timex Group India Limited submitted an investor presentation to the BSE following the approval of its financial results by the Board of Directors on May 26, 2026. The presentation covers the company's performance for Q4 and the full financial year 2025-26.

Financial Performance Highlights

The company reported its best ever financial performance, breaking all previous records.

Q4 FY26 Performance:

  • Total Income for the quarter stood at ₹23,583 lakhs, registering a growth of 73% over ₹13,611 lakhs in the corresponding quarter last year (Q4 FY25).
  • EBITDA before exceptional items for the quarter stood at ₹4,100 lakhs (grew to 2.7x), compared to ₹1,508 lakhs in Q4 FY25.
  • Profit before exceptional items and tax for the quarter stood at ₹3,868 lakhs (grew to 3x), compared to ₹1,304 lakhs in Q4 FY25.
  • Profit before tax for the quarter stood at ₹3,658 lakhs (grew to 2.8x), as against ₹1,304 lakhs in Q4 FY25.

Full Year FY26 Performance:

  • The company delivered its highest ever annual revenue, growing 48% over the previous year (FY25).
  • Annual EBITDA before exceptional items was reported at ₹11,614 lakhs (grew to 2.3x), as against ₹4,968 lakhs last year.
  • Annual Profit before exceptional items and tax was reported at ₹10,725 lakhs (grew to 2.5x), versus ₹4,277 lakhs last year.
  • Annual Profit before tax was reported at ₹10,194 lakhs (grew to 2.4x), compared to ₹4,277 lakhs last year.

Exceptional Item:

The impact of the new Labor Codes resulted in a one-time increase of ₹531 lakhs towards gratuity and leave encashment liabilities, classified as an Exceptional Item for the year ended March 31, 2026. Excluding this impact, core operating performance remained unaffected.

Expense Breakdown:

  • Other expenses included advertising and sales promotion expenditure of ₹2,270 lakhs for the quarter and ₹6,603 lakhs for the financial year, compared to ₹1,026 lakhs and ₹4,390 lakhs respectively in the corresponding periods last year.
  • Royalty expenses stood at ₹463 lakhs for the quarter and ₹2,772 lakhs for the financial year, compared to ₹632 lakhs and ₹2,154 lakhs respectively in the corresponding periods last year.

Strategic and Operational Updates

Growth Drivers:

Growth was led by the Timex brand across its portfolio, driven by growing consumer resonance, rising acceptance of premium franchises, and strong engagement with culture-led collaborations. The Guess brand also showed strong growth momentum. Robust growth across E-Commerce and Trade channels significantly accelerated overall business performance.

New Product Launch:

Timex launched a new watch franchise, Signio, as part of its strategy to strengthen its premium occasion-wear portfolio for men in India. The collection includes automatic, slim, and multifunction watch variants.

Events and Partnerships:

  • The Timex Growth Partners Convention 2026 was held in Goa in February under the theme 'Ride The Tide. Power In Motion.' focusing on strategic alignment and partner engagement.
  • Timex was the exclusive time partner of the Elle List 2026.
  • Timex collaborated with Sony Pictures Animation's feature film 'GOAT'.
  • The company highlighted its Timex x NASA collection, paying homage to the 1972 Apollo 17 mission.

Management Commentary:

Deepak Chhabra, Managing Director, attributed the performance to years of disciplined brand building, deep market insight, and maintaining consumer relevance. He emphasized the company's pyramid architecture where every brand occupies a distinct space, allowing each to grow without competition. The focus is on sustainable, high-quality progress that strengthens Timex's position in the Indian watch market.

Shareholding Pattern

A significant change in the shareholding pattern is noted:

  • Promoter holding was consistently at 74.93% from March 2023 through March 2025.
  • It reduced to 59.93% in June 2025 and September 2025.
  • Further reduced to 51.00% in December 2025 and remained at 51.00% in March 2026.
  • Correspondingly, public & other shareholding increased to 47.17% in March 2026 from 24.15% in March 2025.
  • The total number of shareholders increased to 63,306 in March 2026 from 45,986 in March 2025.

Corporate Overview

Timex Group India Limited (TGIL) is a group company of Tanager Group B.V. (formerly Timex Group B.V.). The company entered India in 1988 and has one of the most powerful portfolios of brands in the watch industry. Key locations include Noida (Headquarters), New Delhi (Registered Office), Baddi, Himachal Pradesh (Factory), and regional sales offices in Noida, Mumbai, Kolkata, Bangalore, and Chennai.

The Baddi plant is a state-of-the-art, SA8000:2014 and ISO 45001:2018 certified watch assembly unit. It assembled about 4 million units last year with capacity increased to 6 million units in a single-shift operation this year. It handles over 150 types of movements and a wide array of cases/dials/attachment types, including Analog Quartz, Mechanical, Digital, Ana-Digi, and Connected watches.

Board of Directors

  • David Thomas Payne | Chairman | Experience: 24+ years | Qualification: B.Sc. (Computer Science), Juris doctorate
  • Deepak Chhabra | Managing Director | Experience: 28+ years | Qualification: Footwear technologist & Marketeer
  • Marco Zambianchi | Non-Executive Director | Experience: 30+ years | Qualification: Electrical Engineer, MBA
  • Meeta Makhan | Independent Director | Experience: 25+ years | Qualification: BA Economics, MBA
  • Sanjeev Kumar | Independent Director | Experience: 36+ years | Qualification: BA Political Science (Hons), MBA, Diploma from Harvard
  • Dhanashree Bhat | Independent Director | Experience: 28+ years | Qualification: Master's in Telecommunications, Bachelor's in Engineering