Timex – Indian Watchmaker Reports Strong Q3 FY26 Growth and Profit Gains
Timex – Timex Group India Ltd., one of the country’s established watch manufacturing companies, has released its financial results for the third quarter of FY26, reporting a total income of Rs. 151 crore. The company recorded a sharp rise in profitability during the quarter, supported by higher sales across its core Timex brand, licensed labels, and consistent demand from both physical retail and digital platforms.
The latest performance reflects steady execution of the company’s long-term strategy, which focuses on strengthening brand positioning, expanding its product portfolio, improving distribution efficiency, and scaling up manufacturing capacity to support future growth.
Financial Results Show Clear Improvement
During Q3 FY26, Timex Group India posted year-on-year revenue growth of 26 percent compared with the same quarter last year. Earnings before interest, tax, depreciation and amortisation, excluding exceptional items, increased more than twofold, indicating stronger operating leverage. Profit before tax and before exceptional items rose over three times year-on-year, highlighting better cost control and a continued emphasis on profitable expansion rather than volume-led growth alone.
Management attributed the improvement to higher average selling prices, improved product mix, and growing consumer preference for premium and design-focused watches.
Core Brands Drive Sales Momentum
The Timex brand remained the company’s primary growth driver during the quarter, recording a 32 percent increase in revenue. Fashion and luxury labels within the portfolio also delivered solid results, with Guess and Versace posting double-digit growth. Other brands under the company’s umbrella maintained stable performance, contributing to overall revenue consistency.
The company noted that demand was particularly strong in the mid-to-premium price segments, which continue to attract aspirational consumers seeking international styling and improved craftsmanship.
Online and Offline Channels Perform Well
Timex Group India saw healthy growth across both online and offline sales channels. The e-commerce segment delivered high double-digit growth, supported by improved product assortment, better merchandising, and alignment with evolving consumer preferences. Quick commerce platforms also contributed to the digital momentum.
Traditional trade channels continued to show resilience, with steady growth reflecting ongoing retailer confidence and sustained footfall in physical stores across key markets.
Leadership Commentary on Market Trends
Commenting on the quarterly results, Managing Director Deepak Chhabra said the company’s performance underlined the effectiveness of its strategy and execution. He noted that the Indian watch market is undergoing a noticeable shift toward premium, lifestyle-oriented products, creating significant long-term opportunities in an underpenetrated market.
He also highlighted recent initiatives, including the launch of Aston Martin watches in India and the expansion of higher-value Timex collections such as the Atelier range, which received encouraging consumer response during the quarter.
Product Launches and Brand Partnerships
A key development in Q3 FY26 was the introduction of Aston Martin watches in the Indian market, strengthening the company’s presence in the bridge-to-luxury segment. The growing interest in mechanical watches and global collaborations such as MM6, Monopoly, and The James Brand pointed to rising appreciation for design-led and craftsmanship-focused timepieces.
Timex also expanded offerings across established franchises including Q Timex, Marlin, Waterbury, Fria, and Vector. In addition, the brand increased its visibility in the fashion space by becoming the title sponsor of India Beach Fashion Week in Goa, reinforcing its association with contemporary design and lifestyle culture.
Nine-Month Performance Reflects Sustained Growth
For the first nine months of FY26, Timex Group India reported total income of Rs. 565 crore, representing 40 percent growth over the same period last year. Profit before exceptional items and tax increased 2.3 times year-on-year.
E-commerce revenue surged 70 percent during the period, while the trade channel grew by 25 percent. The Timex brand led growth with a 52 percent increase, supported by strong performance from Guess and Versace, which grew 36 percent.
Outlook Remains Positive
Looking ahead, the company expects to benefit from rising disposable incomes and growing trust in global watch brands among Indian consumers. With manufacturing capacity scaled to around 10 million units annually through a double-shift model, Timex Group India aims to support future demand while continuing its focus on premiumisation, omnichannel expansion, and deeper consumer engagement.