Timex Group India reports record growth, approves dividend

Timex Group India Ltd. (TGIL) reported a historic performance for the quarter and half-year ended September 30, 2025. Revenue grew by 40% year-over-year to Rs. 24,404 lacs for the quarter, with profit before tax (PBT) increasing by 70% to Rs. 4,069 lacs. For the half-year, revenue surged by 46% and PBT by 123% compared to the previous year. EBITDA for the quarter stood at Rs. 4,291 lacs, growing by 70%, and for the half-year at Rs. 6,486 lacs, an increase of 116%.

The company's success was driven by strong brand performance, with Versace growing at 57%, the core Timex brand at 52%, and Guess at 45%. E-commerce channel growth reached 53%, while the trade channel maintained a 30% increase. The board of directors approved an interim dividend of Rs. 12,71,40,800/- on 22,900,000 cumulative redeemable non-convertible preference shares to clear accumulated dividends from FY 2020-21 to FY 2023-24.

Additionally, Timex Group India received dual recognition as a "Most Preferred Workplace 2025-26" and "Best Brands for Women 2025." The company also expanded its portfolio with new collections, global collaborations like Timex x Superman, and launched Guess Automatic watches in India, alongside a new partnership with Aston Martin for luxury watches.