BSECompany Update6d ago · 29 Jul 2026, 06:55 pm
Please find enclosed the press release on the Financial Results of the Company for the quarter ended on June 30, 2026.
Timex Group India Ltd-$ · 500414
✦ AI Summary▲ PositiveResults
Timex Group India Ltd reported strong Q1 FY26-27 performance with 30% revenue growth, 63% EBITDA growth, and 70% PBT growth, driven by premiumisation strategy, portfolio expansion, and channel productivity.
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Growth Catalyst6/10
Governance Concern1/10
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Balance Sheet Risk2/10
Liquidity Impact8/10
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: L33301DL 1988PLC033434
Tel.: +91120 4741300
Fax: +91 120 474 1440
Website : www.timexindia.com
E-mail : feedback@timexindia.com
July 29, 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 June 30, 2026, as approved by the Board of Directors in its
meeting held today i.e. July 29, 2026, which concluded at 5:30 p.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. : +91 11 410 21297
Timex Group India Reports Robust Q1 FY26–27 Performance with Strong
Profitability and Sustained Growth
~ Portfolio innovation, design-led launches, and enhanced channel productivity strengthen growth
trajectory~
National, 29th July 2026: Timex Group India Ltd (TGIL), one of India’s leading watchmakers, part of the US‐
headquartered iconic Timex Group, reports another strong quarter, delivering robust revenue growth
while establishing higher profit margins, despite inflationary headwinds. The company’s performance
during Q1 reflects the strength of its premiumisation strategy, sharper portfolio play, enhanced channel
productivity, and growing consumer traction across its brand portfolio.
Timex Group India witnessed strong momentum across its brands during the quarter. Brand Timex
reinforced its leadership through globally acclaimed collaborations and the continued expansion of its key
franchises, while growing demand for fashion and accessible luxury watches supported the success of
Guess and Aston Martin. Strategic investments in brand building, consumer engagement, and channel
expansion continues strengthening the company's market presence ahead of the festive season.
Quarterly Performance – Q1 FY26–27
• Total Revenue of ₹218 Crores, registering 30% uptick over the corresponding quarter last
year, reflecting sustained growth momentum.
• EBITDA expanded to 16.3%, delivering 35.8 Crores with a significant increase of 63% over the
same quarter last year, highlighting the company's continued focus on profit.
• Profit Before Tax (PBT) grew to 15.4%, delivering 33.8 Crores, registering a substantial 70%
year-on‐year increase, demonstrating improved operational efficiencies and stronger
business fundamentals.
Quarterly Channel Performance – Q1 FY26–27
• The E-commerce channel continued its upward trajectory, delivering exponential growth of
67%, supported by an expanding digital ecosystem.
• The Trade channel, the company's largest business channel, reported 51% growth, driven by
higher productivity across retail doors and deeper market penetration.
• Quick Commerce continued to gain traction with rapid expansion of their dark stores,
improving accessibility, and increasing contribution to overall business.
• Other channels maintained steady growth, reflecting balanced performance across the
company's multichannel network.
Brand Performance
● Timex, the company's flagship brand, registered a robust 42% growth over the corresponding
quarter last year, driven by increasing demand for its global franchises and higher‐priced
offerings.
● Guess emerged as a strong growth pillar during the quarter, delivering 74% growth, supported by
successful new collection launches, and continued design innovation.
● Other brands in the portfolio maintained their growth trajectory through focused brand‐building
initiatives and delivered strong performances during the quarter.
Commenting on the company's performance, Mr. Deepak Chhabra, Managing Director, Timex Group
India, said, "This quarter marks another strong step forward in Timex Group India’s growth journey. Our
focus on premiumisation, portfolio expansion, and sharper channel execution is driving stronger traction
and improved profitability. We are seeing consistent momentum across fashion and luxury watch
segments, led by rising aspiration, design-led innovation, and growing consumer preference across
markets. As we move into the festive season, we remain focused on scaling with intent, investing in brand
salience, and deepening presence across channels. With profitability growing faster than revenue, we are
confident of building high-quality growth in India’s evolving watch market.”
Key Business Highlights
Backed by a robust innovation pipeline and disciplined execution, TGIL confidently continued writing its
success story while creating long‐term value for consumers, partners, and shareholders.
The Timex brand's established watchmaking legacy was further elevated by the expansion of the Timex
Atelier with the new Chronograph Series, a flagship expression of modern luxury watchmaking that
combines elevated craftsmanship with contemporary design. The collaboration‐led product strategy
remained a key differentiator, with launches like Todd Snyder, J crew, and Supergirl, leveraging pop
culture, and design‐led storytelling to enhance brand desirability.
Demand remained strong across the Group’s key segments, with each portfolio playing a distinct role. The
entry segment benefited from an increasing base of first‐time watch buyers seeking accessible offerings,
supporting the TMX portfolio. In the accessible luxury segment, growing affinity for fashion brands
continued to reinforce the momentum of Guess, aided by new launches across watches and jewelry.
Aston Martin also continued to build on the strong response to its India debut, with expanded retail
presence, experiential activations, and curated launches driving greater engagement.
The company continued to invest behind its brands through integrated marketing campaigns, digital‐first
storytelling, influencer partnerships, and retail initiatives to strengthen consumer engagement ahead of
the festive season and upcoming launches. During the quarter, Timex Group India Limited was awarded
with the ET Edge Best Workplace ‐ 2026 reaffirming its commitment to organisational excellence, and
culture that is driving Timex Group India's transformation and growth.
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 2500 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 via
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.