BSECompany Update3 Nov 2026 · 3 Nov 2026, 06:58 pm
Please find attached the Press Release on Financial Results of the Company for the quarter ended on September 30, 2026.
Timex Group India Ltd-$ · 500414
✦ AI Summary▲ PositiveResults
Timex Group India Ltd delivered its record-breaking quarter with ₹359 crore revenue and highest ever Profit Before Tax of ₹64 crore, driven by strong channel momentum, portfolio premiumization, and strategic collaborations.
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment9/10
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Timex Group India Ltd-$ - 500414 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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TIMEXGROUP Timex Group India Limited
Unit No 303, 3rd Floor, Tower B,
World Trade Tower (WTT),
C-1, Sector-16, Noida-201301,
Uttar Pradesh, INDIA
CIN : L33301 DL 1988PLC033434
Tel. : +91120 474 1300
Fax: +91 120 474 1440
Website : www.timexindia.com
E-mail : feedback@timexindia.com
November 3, 2026
The Secretary
BSE Limited
PJ Towers, Rotunda Bldg.,
Dalal Street, Fort
Mumbai 400 001
Scrip Code: 500414
Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Dear Sir/ Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, please find attached herewith the Press Release on the financial results of
the Company for the quarter ended September 30, 2026, as approved by the Board of Directors
in its meeting held today i.e. November 3, 2026, which concluded at 5:00p.m.
This is for your information and record please.
Thanking you
For Timex Group India Limited
Dhiraj Kumar Maggo
VP-Legal, HR & Company Secretary
ICSI Membership No. F7609
Regd. Office: E-10, Lower Ground Floor, Lajpat Nagar -Ill, New Delhi- 110024. Tel.: +9111 410 21297
Timex Group India Delivers its Record-Breaking Quarter with ₹359 Crore
Revenue and Highest Ever Profit Before Tax
Strong Channel Momentum, Portfolio Premiumization, Strategic Collaborations Drive Growth
National, 3 November 2026: Timex Group India Ltd (TGIL), part of the US-headquartered Timex Group,
delivered its biggest-ever quarter in Q2 FY 26-27. Strong growth across key brands and channels, improved
retail productivity and sustained portfolio premiumisation powered the milestone performance.
Quarterly revenue reached an all-time high of ₹359 crore, up 47% year-on-year. Record EBITDA of ₹66
crore marked a 54% increase over the corresponding quarter last year, while Profit Before Tax (PBT) rose
57% year-on-year to a record ₹64 crore, underscoring the company’s strong profitability alongside
revenue growth. Building on this momentum, the company strengthened its portfolio with new product
introductions, deepened consumer engagement through strategic brand associations and collaborations,
and expanded its distribution network across traditional trade, e-commerce, quick commerce and travel-
retail.
Channel Performance: Q2 FY26-27
• E commerce reported aggressive growth of 75%, outperforming the company’s overall growth and
reflecting continued traction across digital marketplaces.
• Trade channel also delivered high growth of 34%, maintaining strong momentum despite a higher
base. Enhanced productivity per store continued to support performance.
• Exclusive Retail channel registered strong growth of 48% supported by the expansion of retail store
network
• All other channels recorded high double-digit growth, contributing to the company’s overall
performance.
Commenting on the company’s performance, Mr. Deepak Chhabra, Managing Director, Timex Group
India, said, “Delivering our biggest-ever quarter is a significant milestone for Timex Group India and a
reflection of the business we have built together. Our growth has been anchored in a clear focus on brand
strength, portfolio premiumization, channel productivity, and disciplined execution. As an organization,
we have worked towards building a stronger and more balanced business, with an emphasis on
sustainable growth, operational efficiency, and long-term value creation. This milestone reflects the
collective efforts of our teams and the consistency with which we have translated our business strategy
into results.”
Brand Performance
• Timex, the flagship brand, delivered 67% year-on-year growth, supported by global collections and
higher-value offerings that strengthened portfolio premiumization. Timex and its sub-brands together
grew 65%, driven by deeper market penetration and growing consumer demand for analog watches.
• GUESS recorded 57% growth, supported by new collections, hero products and the launch of the
brand ambassador Tamannaah Bhatia.
• Aston Martin gained momentum in its first year in India, expanding its presence to more than 100
points of sale. Other brands across the company’s fashion and premium watch portfolio benefited
from targeted product launches and brand-specific initiatives.
Premiumisation remained central to Timex Group India's growth strategy, with an increased focus on
higher price brackets, global collections and franchise development. The launch of Timex Signio
strengthened the company's franchise-building efforts, while new offerings under Timex Atelier
supported the brand's premium positioning. GUESS continued to build its fashion-led portfolio through
new collections and hero products, while Gc introduced a limited-edition 20th anniversary watch. Aston
Martin continued to expand its retail footprint following its stellar India debut last year.
The company continued to expand its presence across e-commerce, quick commerce, traditional trade,
and travel retail. Quick commerce initiatives focused on reaching new consumer segments and offering
convenient last minute gifting options. The defense channel was strengthened through a new catalogue
and collections, while the expansion of airport points of sale and duty-free locations supported the
company’s travel retail presence. The addition of 4 retail doors across the country further strengthened
its distribution network, alongside a continued focus on improving productivity per store.
The company continued to invest in brand visibility and consumer engagement through strategic
partnerships spanning fashion, lifestyle and sport. Key initiatives included the landmark launch of
Tamannaah Bhatia as Brand Ambassador for GUESS Watches, Timex's title sponsorship of Delhi Times
Fashion Week and its partnership with the APL Table Tennis League. These initiatives strengthened
brand presence across relevant consumer audiences while supporting the company's broader marketing
and portfolio development objectives.
Timex Group India and its leadership received accolades across brand building, retail and business
leadership during the year. Accolades included Fashion Brand of the Year at the ET FAME Awards
presented by ET Retail, Best Watch Brand 2026 at Myntra Tech Threads 2026 and Watch Brand of the
Year at the JEWELX Global Business Awards 2026. The company was also recognised at the 10th ICICI
Lombard and CNBC-TV18 India Risk Management Awards 2026, while Managing Director Deepak
Chhabra received the Excellence in Business Transformation and Leadership honour at the Economic
Times Industry Leaders 2026.
About Timex Group India Ltd
Timex Group India Ltd (TGIL) designs, manufactures and markets innovative timepieces and is part of
Timex Group, a privately held company headquartered in Shelton, Connecticut, with multiple operating
units and over 2,500 employees worldwide. In India, TGIL manages a portfolio of brands including Timex,
Versace, Guess, Aston Martin, Gc, Philipp Plein, Plein Sport, Ferragamo, Nautica and adidas. It retails
through more than 5,000 offline trade stores and key online marketplaces, along with over 40 exclusive
franchise stores under the Just Watches and Timex World banners.