Please find attached the Transcript of Earning call held on November 4, 2026 .

TIM XGROUP Timex Group India Limited Unit No 303, 3rd Floor, Tower B, World Trade Tower (WTT}, C-1, Sector-16, Naida-201301, Uttar Pradesh, INDIA CIN: L33301DL 1988PLC033434 Tel. : +91 120 474 1300 Fax: +91 120 474 1440 Website : www.timexindia.com November 5, 2026 E-mail : feedback@timexindia.com BSE Ltd. Phiroze Jeejeebhoy Towers Dalal Street, Mumbai-400001 Security Code No.: 500414 Sub: Transcript of the Earnings Call held on November 4, 2026, to discuss the Unaudited Financial Results of the Company for the Quarter and half year ended September 30, 2026 Dear Sir, In continuation to our letters dated October 27, 2026 and November 4, 2026, and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of the Earnings Call with Investors/A nalysts held on November 4, 2026, to discuss the Un-audited Financial Results of the Company for the quarter and half year ended September 30, 2026. You are requested to kindly take the aforesaid on record. Thanking you, For Timex Group India Limited Dhiraj Kumar Maggo Vice President-Legal, HR and Company Secretary ICSI Membership No. F7609 Regd. Office: E-10, Lower Ground Floor, Lajpat Nagar -Ill, New Delhi -110024. Tel.: +91 11 410 21297 “Timex Group India Limited Q2 Earnings Conference Call” November 04, 2026 MANAGEMENT: MR. DEEPAK CHHABRA – MANAGING DIRECTOR – TIMEX GROUP INDIA LIMITED MR. AMIT JAIN – CHIEF FINANCIAL OFFICER – TIMEX GROUP INDIA LIMITED MR. DHIRAJ KUMAR MAGGO – COMPANY SECRETARY – TIMEX GROUP INDIA LIMITED Page 1 of 32 Timex Group India Limited November 04, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q2 Earnings Call hosted by Timex Group India Limited. As a reminder, all participant lines will be in the listen­only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. From the company, we have Mr. Deepak Chhabra, Managing Director; Mr. Amit Jain, CFO; and Mr. Dhiraj Kumar Maggo, Company Secretary. I now hand the conference over to Mr. Deepak Chhabra, Managing Director of Timex Group India Limited. Thank you, and over to you, sir. Deepak Chhabra: Good evening everyone for joining us today for investor call regarding quarter 2 results which we announced yesterday. I will take this opportunity to share with you the key highlights and of course, post that, we will open it up for question and answers and I will be happy to take any and all questions you may have basis our announcement yesterday for H1 results as well as quarter 2 results. So this quarter, which is Q2, has been the biggest quarter for the company in the history of 35 years, 36 years, wherein we did about INR359 crores of revenue, which is about 47% growth over last year, same quarter. This also is a record quarter for our EBITDA, which stood at about INR66 crores and it is 54% increase over last year, same quarter. And the same thing flew to PBT, which grew at 57% and in value terms INR64 crores. On the channel side, if I have to speak, e­commerce continues its fantastic growth and it grew at 75% for the quarter. While as I mentioned, we grew at 47, so e­commerce is a positive outlier, especially keeping in mind the e­commerce generally operates ahead of the festive season with their events. And this generally is the case in quarter 2 and the same thing happened this year, but we did way better than last couple of years and grew at 75%. Also to share with you all, e­commerce is like four sub­channels we have. We do have 1P, which is buy­and­sell model, which happens to be the biggest channel in e­commerce, which essentially happens with the three portals, led by Flipkart followed by Myntra and Amazon. And then we are also growing our 3P channel, which is marketplaces and the latest entrant, I would not say latest, it is there for about 1.5 years, is quick commerce. Quick commerce, all these three portals have their quick commerce, plus there is Blinkit, Swiggy Instamart as well as Zepto; we are live in all six of them. And the fourth sub­channel is our dot­coms, which essentially operate two of them, rather I should say three of them: we have timex.com, we have helix.com, and we have justwatches.com. That is about e­commerce. While our trade channel, which is our legacy channel, which we serve through distributors as well as direct dealers. Page 2 of 32 Timex Group India Limited November 04, 2026 The large­chain stores are served directly by our teams commercially, wherein distributors serve the smaller retailers, that also grew at 34% and on a pretty old channel, that is a real good growth. And as I mentioned, e­commerce operates a bit ahead in the season and offline operates a bit later, so that impact should also be considered in quarter 2, which largely means quarter three generally is heavy on offline versus quarter 2. Our exclusive retail channel, although it is a bit small one, but it is a strategic channel for us, has shown a very strong growth of 48%. We actually added about four stores in this quarter and this addition is the highest in the last few quarters. We were stabilizing our channel, but now we have started expanding, as I mentioned in my earlier discussions that we have intentions to open 200, 200­plus stores over the next 3 years across two formats, which is Just Watches as well as Timex World. All other channels, which are smaller in nature, have also grown at high double­digit. Talking about the brand performance, of course, we largely take three brands which are strategic for us and has the maximum growth potential, which is Timex, GUESS and Versace. All of them have done amazingly good. While the company grew at 47%, Timex actually has grown at 67% and GUESS has grown at 57%. So both these brands, which are number one and number two brand in our portfolio, have grown higher than the company's growth, which largely talks about that we are building where we really want to build business rather than non­strategic brands. Aston Martin, which we launched last year in November, we are expanding it very, very fast. This quarter saw addition of about 14 new doors, taking the total point of sale for Aston Martin to 100 doors. And then this also saw a lot of new products introduction during the quarter across all our franchise, global as well as India franchise. Franchise largely I mean collections. We have three global franchise, which is Waterbury and Marlin and we have three local franchise, which is Fria, Signio, and Vector. So there were new launches across all the six segments. In GUESS, of course, we brought a lot of newness and in GeeCee we also launched­­ GeeCee is actually a brand from the GUESS portfolio, which is called GUESS Collection. We also launched Swiss watches for the first time. On the marketing front, a lot has happened. In fact, this quarter we announced two celebrity endorsements and launched them during this quarter: Tamannaah Bhatia for GUESS and Malaika Arora for Versace. Celebrity endorsement for Timex is taking some time, but we do have plans to launch a celebrity endorsement for Timex also and that is going to be a big one. In addition, we also participated in a lot of fashion events and sporting events during this quarter. We participated in Times of India Delhi Times Fashion Week. We also sponsored the IPL­ equivalent in table tennis called APL, which also happened during the same period. We were also awarded a lot of awards during this quarter. Page 3 of 32 Timex Group India Limited November 04, 2026 One of the big ones was we were awarded as Watch Brand of the Year by Myntra during their Tech Threads. We were also awarded Best Fashion Brand by Economic Times and the Best Brand in Risk Management by CNBC­TV18. So that is briefly about how the [Showing first 8,000 characters — download PDF for full document]