Timex Group India Surpasses Expectations with Record-Breaking Financial Performance

In an impressive display of financial prowess, Timex Group India Ltd (TGIL), a key entity in India's watch sector and part of the broader global Timex Group, has announced remarkable financial results this quarter. The company achieved a striking 55% increase in revenue, reaching Rs. 169 crores, compared to the same period last year. Significantly, the EBITDA and Profit Before Tax (PBT) surged 4.5-fold and six-fold respectively, evidencing enhanced operational efficiency and robust financial health.

Building on prior high-growth quarters, TGIL continues its aggressive expansion strategy through enhanced consumer reach, compelling brand narratives, and a sharpened focus on premium product lines. Notably, the flagship Timex brand achieved an extraordinary 77% growth year-on-year, cementing its leadership in the watch industry. Brands such as Guess Watches and Versace also demonstrated strong resilience, reporting growth of 33% and 18%, respectively, reflecting increased consumer interest in luxury watches.

Q1 FY26 saw digital channels, particularly e-commerce, driving significant growth with a 102% increase year-on-year. This underscores TGIL's effective digital strategy. Physical retail channels also exhibited strong performance, with new stores in high-impact locations and substantial growth in trade and OEM channels. Maintaining a robust connection with style-conscious Indian consumers, Timex's iconic collections like Q Timex and Expedition stood out. Timex's innovative marketing strategies, such as the Analog Life campaign, further engaged younger audiences, complementing its entry into the fashion jewellery market with the launch of GUESS jewellery this quarter.

(With inputs from agencies.)