Timex Group India Posts Record Q2 FY27 Net Profit of Rs 47.11 Crore as Revenue Surges 47%

Watchmaker Timex Group India Limited delivered its highest-ever quarterly financial performance in its 35-year history during the second quarter of FY27 (ended September 30, 2026). Supported by strong traction in digital sales and portfolio premiumisation, the company posted a sharp acceleration across both top-line and profitability metrics.

In its investor update, the company highlighted that rapid retail productivity gains, aggressive expansion in online and traditional trade, and strategic celebrity partnerships helped drive market share gains across its brand portfolio.

Record Financial Performance

Timex Group India reported a consolidated total income of Rs 359.17 crore (Rs 35,917 lakh) for Q2 FY27, registering a 47.17% increase compared to Rs 244.04 crore in the corresponding period of the previous fiscal. Net sales stood at Rs 358.01 crore, up 46.9% year-on-year from Rs 243.67 crore.

Profitability outpaced revenue growth on the back of operational leverage:

• Net Profit: Rose 55.83% year-on-year to Rs 47.11 crore, compared to Rs 30.23 crore in Q2 FY26.
• EBITDA: Reached Rs 65.50 crore (Rs 6,550 lakh), marking an increase from Rs 42.91 crore in the year-ago quarter.
• EBITDA Margin: Expanded to 18.2% from 17.6% a year earlier.
• Profit Before Tax (PBT): Advanced to Rs 63.34 crore (Rs 6,334 lakh), registering a 1.6-fold increase from Rs 40.69 crore in Q2 FY26.
• Earnings Per Share: Basic and diluted EPS from continuing operations rose to Rs 4.62 from Rs 2.87.

For the first half of FY27 (H1 FY27), total income reached Rs 578.62 crore, up 40% year-on-year from Rs 413.29 crore. Net income for the six-month period climbed to Rs 72.13 crore, compared to Rs 44.90 crore in H1 FY26.

Channel Momentum and Brand Collaborations

Revenue growth during the quarter was driven by broad-based expansion across distribution platforms. E-commerce emerged as the fastest-growing vertical, delivering an aggressive 75% year-on-year surge. Traditional trade channels advanced 34%, supported by higher per-store productivity, while the exclusive retail channel grew 48% as the company widened its store footprint.

To sustain customer engagement and brand equity, Timex stepped up marketing and brand association investments:

• Advertising & Promotions: Advertising and sales promotion expenses rose to Rs 25.75 crore during the quarter from Rs 16.35 crore in Q2 FY26.
• Royalty Outgo: Royalty expenses increased to Rs 15.51 crore from Rs 10.53 crore.
• Celebrity Partnerships: Timex highlighted high-visibility campaigns, including Guess naming actor Tamannaah Bhatia as its watches brand ambassador to spearhead glamour-led product positioning, complementing ongoing brand activations across its core labels.

Managing Director Deepak Chhabra credited the milestone quarter to focused brand building, portfolio premiumisation, channel productivity, and disciplined operational execution.

Evolving Capital and Shareholding Profile

The company's long-term business trajectory has reshaped its market standing, with market capitalisation expanding to Rs 7,273.45 crore (Rs 7,27,345 lakh) as of September 2026, compared to Rs 1,541.00 crore in September 2023.

The shareholding structure also reflected broadening public market participation. Promoter holding stood at 51.00% as of September 2026, down from 74.93% three years earlier. Over the same timeframe, institutional investor shareholding rose to 4.62% from 0.38%, while public and non-institutional shareholding increased to 44.38%. Following the earnings announcement, shares of Timex Group India traded near the upper end of their 52-week band on domestic bourses.