Timex Group India Limited – Q2 & H1 FY26 Results Summary
Announcement Date: November 4, 2025
Financial Highlights (Rs. lakhs):
- Q2 FY26 Revenue: 24,367 (+40% YoY, +44% QoQ)
- H1 FY26 Revenue: 41,261 (+46% YoY)
- Q2 FY26 Profit Before Tax (PBT): 4,069 (+70% YoY)
- H1 FY26 PBT: 6,056 (+123% YoY)
- Q2 FY26 Net Profit (PAT): 3,023 (+70% YoY)
- H1 FY26 PAT: 4,490 (+123% YoY)
- EBITDA Margin: ~15.7% for H1 FY26 (improved from prior periods)
- EPS (Basic, Not Annualised): Q2 FY26 at 2.87; H1 FY26 at 4.20 (FY25 annualised EPS: 2.62)
Balance Sheet Highlights (Sep 30, 2025 vs Mar 31, 2025):
- Total assets increased 33.4% to Rs. 33,622 lakhs
- Equity rose 42% to Rs. 11,936 lakhs
- Borrowings stable at Rs. 3,473 lakhs (+2.5%)
- Inventories and trade receivables increased by 15.6% and 18.9%, respectively
- Investments increased to Rs. 4,310 lakhs (new addition)
- Current tax liabilities rose significantly, reflecting higher profitability
Management Commentary:
- Growth driven by premiumisation strategy, new product launches (Guess Automatic, Guess UESS Jewellery), and global collaborations (Timex x Superman, Jacquie Aiche, Aston Martin partnership)
- Strong omnichannel expansion: e-commerce grew 67% in H1 FY26; trade channel up 26%
- Brand-wise Q2 growth: Versace +57%, Timex +52%, Guess +45%
- Interim dividend declared on cumulative preference shares to clear unpaid dividends from FY21-FY24; FY25 preference dividend also paid
- No changes in accounting policies; results prepared under Ind AS 34
Segment Performance:
- Operates as a single reportable segment; no segment-wise financials disclosed
Capital Expenditure & Corporate Activity:
- Capex of Rs. 137 lakhs in H1 FY26 (up from Rs. 34 lakhs in H1 FY25)
- Investments increased significantly (Rs. 4,310 lakhs)
- Dividend payment of Rs. 954 lakhs on preference shares
- No acquisitions, disposals, or restructuring reported
Auditor’s Note:
- Independent review by Deloitte Haskins & Sells LLP with no qualifications or concerns
Outlook:
- Management emphasizes continued focus on innovation, market reach, and omnichannel growth to sustain momentum
This summary encapsulates Timex Group India Limited’s strong financial performance and strategic initiatives for Q2 and H1 FY26, supported by a robust balance sheet and clean audit report.