The revenue from operations increased to Rs 168.94 crore in the first quarter of the current financial year (Q1FY26) from Rs 108.67 crore in Q1FY25
Marking a healthy uptick in its performance, Timex Group India, a player in the watch industry, has seen its consolidated net profit rise to Rs 14.67 crore in the first quarter of the current financial year (Q1FY26) from Rs 2.43 crore in Q1FY25.
The financial results of the company revealed that the revenue from operations increased to Rs 168.94 crore in Q1FY26 from Rs 108.67 crore in the corresponding period of the previous fiscal year. The earnings before interest, tax, depreciation and amortisation (EBITDA) saw a 4.5-fold increase, the company said in a statement.
Timex, the flagship brand, delivered a 77 per cent year-on-year growth this quarter. The company noted that Guess watches showed strong resilience with a 33 per cent growth over the same quarter last year. Versace recorded a notable growth of 18 per cent, driven by rising demand for aspirational luxury watches. Further expanding its lifestyle play, TGIL entered the fashion jewellery category this quarter with the launch of Guess jewellery.
“Growth across all channels and brands has come together to create this strong momentum. With a growing slate of global collaborations and a robust omnichannel strategy, we are confident in accelerating this trajectory and further reinforcing Timex’s leadership in India’s dynamic watch market,” stated Deepak Chhabra, Managing Director of Timex India.
Ecommerce posted a 102 per cent year-on-year growth, doubling its business. Trade channel, the company’s largest channel, posted 22 per cent growth on top of a high base. The company emphasised that the retail footprint expanded with new stores in high-impact locations, while quick commerce gained traction.
