Timex Group India Limited (TGIL) has announced a significant change in its marketing leadership. Varun Malik, the company's General Manager of Marketing and a key member of the Senior Management team, has tendered his resignation, effective December 11, 2025.

Resignation Details

Malik cited personal reasons and a desire to explore other professional opportunities as the primary factors behind his decision. The formal resignation letter was submitted to Deepak Chhabra, the Managing Director of Timex Group India Limited.

Impact on Company Structure

This departure marks a notable shift in TGIL's marketing department. As a member of the Senior Management Personnel, Malik's exit may lead to a reorganization of the marketing strategy and leadership within the company.

Company's Financial Position

While this news primarily concerns personnel changes, it's worth noting Timex Group India's recent financial performance for context:

The company has shown significant growth in its asset base over the past year, with total assets increasing by 25.30%. This growth, particularly in current assets (31.48% increase), suggests that the company has been in an expansion phase, which makes the timing of this leadership change particularly noteworthy.

Looking Ahead

As Timex Group India navigates this transition in its marketing leadership, stakeholders will be keen to see how the company maintains its growth trajectory and marketing strategies. The appointment of Malik's successor, when announced, will be a key indicator of the company's future marketing direction.

Timex Group India Limited is expected to provide further updates on any structural changes or new appointments resulting from this resignation in due course.

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.