Timex Group India revenue hits ₹800 crore as margins widen to 14.5%
Annual revenue climbed 48% as the company doubled its net profit to ₹75.4 crore. A planned capacity expansion to 10 million units is now underway.
— 2 earlier stories on Timex Group India Ltd. →What's new
- Annual revenue rose 48% to ₹800 crore, with net profit more than doubling to ₹75.4 crore.
- Operating margins widened to 14.5% from 9.2% in the previous year.
- The company plans to expand manufacturing capacity from six million to ten million units.
Why this matters
The jump in margins to 14.5% suggests the company's premiumisation strategy is gaining real traction. Scaling production capacity by 66% indicates management expects this growth trajectory to persist.
What we're watching
- Whether the 158% surge in e-commerce sales holds in the coming quarters.
- The timeline for the capacity expansion to 10 million units.
- If the premium brand portfolio can maintain these margins against rising competition.
The full read
Timex Group India closed the year ending March 2026 with ₹800 crore in revenue, a 48% increase that reflects the success of its premiumisation strategy. Net profit more than doubled to ₹75.4 crore, while operating margins expanded to 14.5% from 9.2%.
Growth is accelerating.
In the fourth quarter alone, revenue jumped 73% to ₹236 crore, with e-commerce sales surging 158% and trade channels rising 52%. Over the last four years, the company has nearly tripled its revenue, with EBITDA rising 134% to ₹116 crore. To sustain this pace, the company is moving to increase its manufacturing capacity from six million units to ten million units. The shift toward higher-margin premium brands is no longer just a plan; it is showing up in the bottom line, and the company is now betting heavily that the Indian market will continue to absorb this expanded production.
Questions answered
- How did the company perform in the final quarter?
- Revenue grew 73% year-on-year to ₹236 crore in the fourth quarter. This was fueled by a 158% increase in e-commerce sales and a 52% rise in trade channel revenue.
- What is driving the growth in profitability?
- Operating margins widened to 14.5% from 9.2% last year. This improvement follows a strategy focused on premium brands like Timex, Guess, and Versace.
- What is the status of the company's manufacturing capacity?
- The company currently operates a plant with a capacity of six million units. It plans to expand this to ten million units to meet rising demand.
- How has the business grown over the longer term?
- Annual revenue has nearly tripled over the last four years to reach ₹800 crore. EBITDA also surged 134% to ₹116 crore during the same period.
Story so far
All notes on TIMEX →- 26 May 2026 · 10:39 PM IST Timex Group India revenue hits ₹800 crore as margins widen to 14.5%
- today Timex Group India revenue jumps 48% as premium watches sell
- today Timex Group India revenue hits ₹800 cr as margins widen to 14.5%