Watchmaker reports best-ever quarterly performance as premium brands and ecommerce drive growth in Q2 FY26
Timex Group India or TGIL reported its strongest quarterly performance, driven by robust high double-digit growth across revenue and profit as demand for its core brands surged across ecommerce and trade channels.
The watchmaker recorded a 40 per cent increase in revenue and a 70 per cent rise in profit before tax (PBT) for the quarter ended Sept. 30, FY26. Versace, Timex and Guess led the momentum, supported by strong online sales.
Versace was the fastest-growing brand in the quarter with a 57 per cent rise, followed by the core Timex brand at 52 per cent and Guess at 45 per cent. Ecommerce revenue grew 53 per cent, while the trade channel expanded 30 per cent.
“This has been a landmark quarter for Timex Group India, our best number in terms of absolute revenue and profit. It is a direct reflection of our consistent focus on premiumisation, product innovation, and strong multi-channel execution for Timex and strategic growth for our Licensed brands in luxury segment”, said Deepak Chhabra, Managing Director, Timex Group.
Strong half-year Results
In the first half of FY26, the company posted a 46 per cent increase in revenue and a 123 per cent jump in PBT year-on-year. Ebitda grew 116 per cent, reaching 15.7 per cent of revenue.
Ecommerce sales surged 67 per cent in H1, while trade channels grew 26 per cent. Timex led with a 61 per cent rise, followed by Guess at 40 per cent and Versace at 38 per cent.
TGIL said its growth was supported by an accelerated premiumisation strategy, new global collaborations, such as Timex x Superman, Jacquie Aiche, Dimepiece and TV Boy, and expanding India-led franchises, including Vector and Fria. Timex reported strong double-digit growth in average selling price.
The quarter also saw the launch of Guess Automatic watches in India and an expanded Guess Jewellery line. TGIL announced a partnership with Aston Martin to introduce luxury watches inspired by Formula One and automotive design.
Expanding Distribution
The company strengthened its quick-commerce footprint through a new partnership with Zepto, adding to existing tie-ups with Swiggy Instamart and Flipkart Minutes.
The company said it will continue to invest in innovation, widen market reach, and enhance customer experience across channels to build on the strong first-half momentum.
TGIL designs, manufactures and markets multiple brands in India, including Timex, Versace, Guess, Gc, Philipp Plein, Ferragamo, Nautica, Ted Baker, adidas and UCB. It retails through more than 5,000 offline stores, major online platforms, and over 40 exclusive franchise outlets.
