Timex emerged as the fastest-growing brand for the company, recording growth at 32 per cent
Driven by strong performance across its core brand and licensed portfolio and sustained momentum across offline and online channels, Timex Group India has reported a total income of Rs 151 crore in the third quarter of the current financial year, a year-on-year growth of 26 per cent. The company’s revenue from operations stood at Rs 150 crore.
Profit before exceptional item and tax for the quarter tripled from last year’s same period, the company said in an exchange filing. The earnings before interest, tax, depreciation and amortisation (Ebitda) before exceptional item grew to 2.23-fold, reflecting a sharp improvement versus the last year same quarter.
“This quarter’s performance reflects the consistency of our strategy and execution. The Indian watch industry is witnessing a clear shift towards premium, design-led and lifestyle-driven timepieces, with significant headroom for expansion in a large, underpenetrated market. Through key developments such as the launch of Aston Martin watches in India, continued expansion of our luxury and fashion portfolio, and higher-value collections within Timex, including the Atelier range, we saw positive consumer response during the quarter,” highlighted Deepak Chhabra, Managing Director, Timex Group India.
Timex emerged as the fastest-growing brand for the company, recording growth at 32 per cent. On the other hand, Guess and Versace continued their upward trajectory with strong double-digit growth. The ecommerce channel reported high double-digit growth, aided by effective assortment planning. The trade channel maintained solid growth, reflecting continued retailer confidence and steady consumer demand, the company added.
A key highlight of the quarter was the introduction of Aston Martin Watches in India, further strengthening TGIL’s presence in the bridge-to-luxury segment and reinforces its global design and innovation credentials.
For the nine months of the current financial year (9MFY26), the company delivered a healthy growth with total income at Rs 565 crore. Profit before exceptional item and tax grew to 2.3 times versus the same period previous year.
