Timex Group delivered exceptional financial performance in Q3, demonstrating strong operational growth across key financial metrics. The company reported significant improvements in profitability, revenue generation, and operational efficiency compared to the corresponding quarter of the previous year.

Comprehensive Financial Performance

The company's Q3 financial results showcased remarkable growth momentum across multiple parameters. Both EBITDA and net profit experienced substantial expansion, while revenue figures indicated strong market demand and enhanced operational efficiency.

EBITDA Performance Excellence

Timex Group's EBITDA performance emerged as the standout highlight of the quarter. The company achieved ₹96 million in EBITDA, representing an impressive 129% increase from ₹42 million recorded in the same quarter of the previous year. This substantial improvement demonstrates the company's enhanced operational leverage and cost optimization initiatives.

Margin Expansion Success

The company's EBITDA margin showed remarkable improvement, expanding to 6.33% in Q3 from 3.51% in the corresponding quarter of the previous year. This 282 basis points expansion reflects improved operational efficiency, better cost management, and enhanced pricing strategies across the business portfolio.

Profitability and Revenue Growth

Timex Group's net profit performance complemented its EBITDA gains, achieving ₹32 million in net profit, a significant 68% increase from ₹19 million in the previous year's corresponding quarter. The company's revenue performance remained robust, generating ₹1.5 billion during Q3, compared to ₹1.2 billion in the same period last year, reflecting 25% year-on-year growth.

Overall Performance Assessment

The Q3 results demonstrate Timex Group's exceptional operational execution and financial discipline. The company's ability to achieve triple-digit EBITDA growth while expanding margins significantly indicates strong business fundamentals and effective strategic implementation during the reporting period.

Timex Group has successfully completed its promoter stake sale through the offer for sale (OFS) mechanism, with the promoter Timex Group Luxury Watches B.V., Netherlands, divesting a total of 9,018,500 equity shares representing 8.93% of the company's paid-up share capital. The transaction was executed across December 29-30, 2025, with the mandatory regulatory disclosure filed on January 2, 2026.

OFS Execution and Final Results

The promoter successfully completed the maximum possible divestment through the OFS mechanism, achieving the targeted 8.93% stake reduction. The transaction was structured across two trading days with different investor categories and pricing mechanisms:

Two-Day Trading Structure and Pricing

The OFS followed a structured approach with distinct pricing for different investor categories. Non-retail investors participated on December 29 (T Day), while retail investors had access on December 30 (T+1 Day):

Shareholding Changes and Corporate Impact

The completed divestment has resulted in significant changes to the promoter's shareholding structure. The promoter's stake has been reduced from the initial 59.93% to 51.00% following the two-day sale process:

SEBI Regulatory Disclosure Filing

Timex Group Luxury Watches B.V. has filed the mandatory disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on January 2, 2026. The formal disclosure was submitted to both the company and BSE Limited within the stipulated two working days of the transaction completion:

Detailed Shareholding Disclosure

The regulatory filing provides comprehensive details of the shareholding changes as mandated by SEBI regulations. The disclosure confirms that before the sale, the promoter held 60,503,000 shares representing 59.93% of the total paid-up share capital:

The regulatory filing was signed by Jeffrey Grosberg, Director - Counsel and Sanctions Compliance Officer, representing the Netherlands-based promoter entity. The disclosure confirms full compliance with SEBI Takeover Regulations and provides detailed shareholding changes as mandated by regulatory requirements. The OFS was executed through Kotak Securities Limited as the seller's broker, with National Clearing Limited handling clearing operations, maintaining compliance with SEBI's operational guidelines while accommodating both institutional and retail investor participation through the structured two-day mechanism.