Timex Group India revenue hits ₹800 cr as margins widen to 14.5%
Annual revenue grew 48% as the watchmaker doubled its net profit to ₹75.4 crore. E-commerce sales surged 158% in the final quarter.
— 2 earlier stories on Timex Group India Ltd. →What's new
- Annual revenue climbed 48% to ₹800 crore.
- Net profit more than doubled to ₹75.4 crore.
- Operating margins expanded to 14.5% from 9.2%.
Why this matters
The company has nearly tripled its revenue from ₹265 crore in FY22. This performance validates its premiumisation strategy and aggressive channel expansion, particularly in e-commerce.
What we're watching
- Execution of the plan to scale manufacturing capacity to 10 million units.
- Sustainability of the 14.5% operating margin in a competitive market.
- Growth momentum in the Guess and Versace brand portfolios.
The full read
Timex Group India is scaling rapidly. For the year ending March 2026, the company reported revenue of ₹800 crore, a 48% increase over the previous year. Profitability followed suit, with net profit more than doubling to ₹75.4 crore and EBITDA surging 134% to ₹116 crore. The company’s operating margins expanded significantly to 14.5% from 9.2%. The fourth quarter was particularly aggressive, with revenue jumping 73% year-on-year to ₹236 crore. E-commerce was the standout channel, rising 158% in the final quarter. With annual revenue nearly tripling since FY22, the company is now moving to expand its manufacturing capacity from six million to ten million units. Having generated ₹91 crore in cash from operations, the company has the liquidity to fund this expansion. The results confirm that the premiumisation of the Timex, Guess, and Versace portfolios is yielding tangible financial returns.
Questions answered
- How did the fourth quarter perform compared to the full year?
- The fourth quarter saw a 73% jump in revenue to ₹236 crore. E-commerce sales grew by 158% while trade channel sales rose 52%.
- What is the status of the company's manufacturing capacity?
- Annual manufacturing capacity is currently at six million units. The company plans to scale this to ten million units.
- How much cash did the company generate from operations?
- The company generated ₹91 crore in cash from operations during the fiscal year.
- What drove the margin expansion?
- Operating profit margins widened to 14.5% from 9.2% a year earlier. This was driven by a successful premiumisation strategy and growth across the Timex, Guess, and Versace brands.
Story so far
All notes on TIMEX →- 26 May 2026 · 10:34 PM IST Timex Group India revenue hits ₹800 cr as margins widen to 14.5%
- today Timex Group India revenue jumps 48% as premium watches sell
- today Timex Group India revenue hits ₹800 crore as margins widen to 14.5%