Synopsis: Timex Group India Limited has reported a landmark FY26, crossing Rs. 800 crore in total revenue a 48% jump year-on-year while Q4 FY26 alone delivered a 73% revenue surge to Rs. 236 crore and a staggering 191% rise in Profit Before Tax to Rs. 38.1 crore, driven by blockbuster growth across its Timex, Guess, and Versace brands and an e-commerce channel that grew 158% in the quarter.
Shares of Timex Group India Limited, with a market capitalization of Rs. 4,221 crore, are trading at a price of Rs. 418.15, up 11.63 percent from its previous closing price of Rs. 374.60. The stock touched an intraday high of Rs. 430, which is also its 52-week high, with the company witnessing strong trading volumes of over 41 lakh shares on the NSE.
Timex Group India Limited submitted its audited financial results for the quarter and full financial year ended March 31, 2026 to BSE on May 26, 2026, alongside a detailed press release marking what the company calls a “defining year” in its transformation journey.
The headline number tells the story: total revenue for FY26 reached Rs. 800 crore up 48% from approximately Rs. 540 crore in FY25 representing a 32% CAGR over the four-year period from FY22 to FY26, when revenue stood at just Rs. 265 crore. This is a near-tripling of revenue in four years, driven by a deliberate strategy of portfolio premiumisation, brand expansion, manufacturing scale-up, and channel diversification.
On the profitability front, EBITDA for FY26 surged 134% year-on-year to Rs. 116 crore from Rs. 49.7 crore in FY25, with EBITDA margin expanding sharply to 14.5% from 9.2% a 530 basis point improvement.
Profit Before Tax for the full year came in at Rs. 107.4 crore, a remarkable 151% jump year-on-year, with PBT margin improving to 13.4%. Standalone net profit for FY26 stood at Rs. 75.44 crore versus Rs. 31.42 crore in FY25 a 140% surge with basic EPS rising to Rs. 7.30 from Rs. 2.62.
The financial results disclosed in the detailed statement show standalone revenue from operations of Rs. 798.59 crore for FY26 versus Rs. 538.10 crore in FY25. Total income stood at Rs. 800.63 crore. The company also recorded an exceptional item of Rs. 5.31 crore related to the impact of new Labour Codes, which was treated as non-recurring.
The March 2026 quarter delivered a particularly strong performance for the company. Revenue from operations in Q4 FY26 rose to Rs. 235.20 crore, marking a 73% increase compared to Rs. 135.41 crore in Q4 FY25.
EBITDA surged 167% year-on-year to Rs. 40.4 crore, while EBITDA margins improved significantly to 17.1% from 11.1%. Profit Before Tax (PBT) for the quarter stood at Rs. 38.1 crore, registering a sharp 191% jump over the same period last year.
Brand performance during Q4 FY26 remained strong across the company’s portfolio. Timex, its flagship brand, recorded 89% year-on-year growth during the quarter. Guess, now positioned by the company as India’s second-leading non-luxury fashion watch brand, posted 108% growth, while Versace delivered a 100% increase.
Growth across sales channels was equally impressive. The e-commerce segment expanded 158% in Q4, driven by the company’s strong presence on major marketplaces and quick commerce platforms. The trade channel reported 52% growth, while the retail segment achieved a 112% year-on-year increase. To support rising demand, the company has already expanded its manufacturing capacity in India to 6 million units annually and plans to scale it further to 10 million units.
Beyond the core Timex brand, the company’s portfolio now includes Versace, Guess, Aston Martin, GC, Philipp Plein, Plein Sport, Ferragamo, Nautica, and Adidas, offering a wide range of products across fashion, premium, and bridge-to-luxury segments. The launch of Aston Martin Watches, along with the growing Ring Watches and Guess Jewellery categories, is also helping the company build additional lifestyle-focused revenue streams.
The Board has also recommended dividends across three tranches of preference shares, covering accumulated cumulative payouts from multiple financial years, subject to shareholder approval at the upcoming AGM. Additionally, Grant Thornton Bharat LLP has been reappointed as the Internal Auditor for FY2026-27.
Company Overview
Timex Group India Ltd (TGIL) designs, manufactures, and markets innovative timepieces across India as part of the US-headquartered Timex Group. It manages brands including Timex, Versace, Guess, Aston Martin, GC, Philipp Plein, Ferragamo, Nautica, and Adidas, retailing through more than 5,000 offline trade stores, key online marketplaces, and over 40 exclusive franchise stores under the Just Watches and Timex World banners. It is led by Managing Director Deepak Chhabra.
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