Timex Group India Limited (TGIL) has set a new benchmark in the Indian watchmaking industry with its stellar performance for the quarter ended September 30, 2025. The company reported significant growth across key financial metrics, underlining its strong market position and successful business strategies.

Financial Highlights

TGIL delivered a strong quarterly performance, with revenue increasing by 40% year-over-year to Rs. 24,404.00 lakhs, compared to Rs. 17,417.00 lakhs in the same quarter last year. The company's profit before tax (PBT) grew by 70%, reaching Rs. 4,069.00 lakhs.

Brand Performance

The company's core brands showcased robust growth:

• Versace led with 57% growth
• Timex, the flagship brand, registered 52% growth
• Guess continued its upward trajectory with a 45% increase

Channel Performance

TGIL's multi-channel strategy yielded impressive results:

• E-commerce channels reported 53% growth
• Trade channels maintained 30% growth

H1 FY26 Performance

For the half-year ended September 30, 2025, TGIL reported:

• Revenue growth of 46% year-over-year
• Profit Before Tax (PBT) increase of 123%
• EBITDA growth of 116%, with a ratio of 15.7% to revenue

Strategic Initiatives

TGIL's growth is underpinned by its focus on premiumization and product innovation. Key initiatives include:

1. Expanded portfolio with new collections and global collaborations (Timex x Superman, Jacquie Aiche, Dimepiece, and TV Boy)
2. Launch of India-led franchises such as Vector and Fria
3. Introduction of the first Guess Automatic watches in India
4. Partnership with Aston Martin for luxury watches
5. Expansion of quick-commerce presence through partnerships with Zepto, Swiggy Instamart, and Flipkart Minutes

Management Commentary

Mr. Deepak Chhabra, Managing Director of Timex India, commented on the company's performance, stating, "This has been a landmark quarter for Timex Group India Ltd, our best number in terms of absolute revenue and profit. It is a direct reflection of our consistent focus on premiumisation, product innovation, and strong multi-channel execution for Timex and strategic growth for our Licensed brands in luxury segment."

Awards and Recognition

TGIL's performance was complemented by industry recognition:

• 'Most Preferred Workplace 2025-26' in association with India Today & Business Standard
• 'Best Brands for Women 2025' by ET NOW for the Timex brand

Dividend Announcement

The Board of Directors approved an interim dividend of Rs. 12.71 crores on preference shares to clear accumulated unpaid dividends from FY2020-21 to FY2023-24, demonstrating the company's strong financial position and commitment to shareholder returns.

Outlook

Building on its strong half-year performance, TGIL remains focused on driving innovation, deepening market reach, and enhancing consumer experiences across all touchpoints. The company plans to continue investing in brand storytelling, product excellence, and omnichannel expansion to further strengthen its position in India's evolving lifestyle market.

Timex Group India Limited (TGIL) has reported exceptional financial results for the first quarter, showcasing the success of its strategy focused on premium products and youth-oriented marketing. The company's performance underscores its strong position in India's dynamic watch market.

Financial Highlights

TGIL reported a robust 55% year-on-year increase in revenue, reaching Rs. 169.25 crore for Q1. This impressive growth was accompanied by significant improvements in profitability:

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a remarkable 4.5-fold increase, while Profit Before Tax (PBT) grew six-fold, highlighting improved operating leverage and strong bottom-line performance.

Brand Performance

Timex, the flagship brand, delivered an unprecedented 77% year-on-year growth, reinforcing its leadership in the segment. Other brands in TGIL's portfolio also showed strong performance:

• Guess Watches: 33% growth
• Versace: 18% growth
• Other licensed brands (Gc, Philipp Plein, Plein Sports, and Nautica): Maintained solid momentum

Strategic Focus

Deepak Chhabra, Managing Director of Timex India, commented on the results: "What a phenomenal start to the year! Our flagship brand, Timex, has delivered its best-ever performance this quarter, a clear reflection of our sharp focus on premiumisation, product innovation, and expanding consumer access."

The company's growth strategy centers on:

1. Premium-driven products
2. Targeting youth consumers
3. Omnichannel expansion
4. Brand diversification

Channel Performance

TGIL's omnichannel strategy showed strong results across various sales channels:

• E-commerce: 102% year-on-year growth
• Trade channel: 22% growth
• Retail expansion: New stores in high-impact locations
• Quick Commerce: Gaining traction for faster consumer access

Product Innovation and Collaborations

Demand remained strong for iconic Timex collections such as Q Timex, Marlin, Waterbury, Fria, and Expedition. The company also launched several global collaborations, including partnerships with Jacquie Aiche, The New Yorker, Netflix's Wednesday, and Superman x Warner Bros.

New Category Entry

Expanding its lifestyle offerings, TGIL entered the fashion jewelry category with the launch of GUESS jewelry, bringing the brand's bold, global aesthetic to India's fast-growing accessories market.

Outlook

With consistent market share gains exceeding the industry average over the past three years, Timex Group India is well-positioned for continued growth. The company remains committed to scaling its premium portfolio, innovating across products and platforms, and delivering elevated brand experiences that honor its global watchmaking legacy while shaping the future of timekeeping in India.

As Timex Group India continues to lead in revenue, profitability, and brand equity, it sets new benchmarks for performance in India's watch industry, promising an exciting future for the company and its stakeholders.