Timex Group India Clocks ₹800 Crore Revenue In FY26; E-Commerce Sales Surge 90%

Timex Group India, the India subsidiary of the US-based Timex Group, reported revenues of ₹800 crore in FY26, a 48% year-on-year jump, marking what the company called a landmark phase in its growth journey. Profit before tax (PBT) surged 151% to ₹107.4 crore, with PBT margin improving to 13.4%.

The earnings before interest, tax, depreciation, and amortisation (EBITDA) more than doubled to ₹116 crore from ₹49.7 crore in the previous year.

The company’s revenue has grown from ₹265 crore in FY22 to ₹800 crore in FY26. That works out to a 32% compound annual growth rate over four years.

Strong Quarter To Close The Year

The growth did not slow in the fourth quarter. Timex Group India posted ₹236 crore in revenue in Q4 FY26. That is up 73% compared to the same period last year.

Profit before tax grew 191% to ₹38.1 crore during the quarter, while EBITDA jumped 167% to ₹40.4 crore compared to the same period last year.

Brand-Wise Performance

Growth was broad-based across the company's brand portfolio. Timex, the core brand, grew 62% year-on-year, driven by design-led innovation, strategic channel development, manufacturing scale-up, and stronger consumer relevance across lifestyle and fashion segments.

Guess reported 51% growth, emerging as the second leading non-luxury fashion watch brand in the market according to the company. Versace delivered 48% growth compared to the previous fiscal year.

Channel Performance

E-commerce was the standout channel, recording 90% growth year-on-year in FY26. The trade channel also performed well, clocking 32% growth over the previous year. The company said it continued to see strong traction for bridge-to-luxury watches, with automatic watches, elevated collaborations, and design-led product categories driving consumer interest.

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What Management Said

According to the company's managing director, FY26 represented a fundamental reshaping of the business rather than just a period of growth. The company said it is witnessing strong traction across fashion and luxury watch segments, driven by rising consumer aspiration and demand across markets.

Going forward, the focus is on aggressively expanding the portfolio, sharpening the brand mix, scaling manufacturing capabilities, and building deeper consumer relevance through design, innovation, and cultural connect, with the goal of sustainable, high-quality growth in the evolving Indian watch market.

Sources:

The Economic Times

Business World