Synopsis:
Timex Group India Ltd Q1 revenue rose 55% to Rs. 169 Crores, and net profit grew 505 % to Rs. 14.7 Crores YoY.
The shares of a Small-Cap company, specializing in manufacturing and trading watches, and also providing after-sales service and IT support to its group companies, hit a 5 percent upper circuit upon declaring Q1 results with a 505 percent rise in profit Year on Year (YoY).
With a market capitalization of Rs. 2,241.09 crores on Wednesday, the shares of Timex Group India Ltd hit a 5 percent upper circuit, making a high of Rs. 222.00 per share compared to its previous closing price of Rs. 211.45 per share.
Timex Group India Ltd, engaged in manufacturing and trading watches, and also provides after-sales service and IT support to its group companies, has announced its Q1 results as follows.
Its Revenue from operations rose by 55 percent YoY from Rs. 109 Crores in Q1FY25 to Rs. 169 Crores in Q1FY26, and it rose by 25 percent QoQ from Rs. 135 Crores in Q4FY25 to Rs. 169 Crores in Q1FY26.
Its Net Profit YoY rose by 505 percent from Rs. 2.43 Crores in Q1FY25 to Rs. 14.7 Crores in Q1FY26, and it rose by 59 percent QoQ from a profit of Rs. 9.24 Crores in Q4FY25 to Rs. 14.7 Crores in Q1FY26.
The earnings per share (EPS) for the quarter stood at Rs. 1.33, compared to Rs. 0.79 in the previous quarter. The company maintains a strong financial profile with a low debt-to-equity ratio of 0.15 and sufficient current assets to cover its liabilities. It has delivered good returns, with an average ROE of 105% and ROCE of 20.46% over the last three years, indicating efficient use of capital and strong profitability.
Company Overview & Others
Timex Group India Ltd is a leading watch manufacturer in India, established in 1988 as part of the global Timex Group. The company designs, manufactures, and markets a diverse range of watches and related accessories, leveraging technological innovation and international design expertise.
They have a diverse and strong brand portfolio that includes Timex, Guess, GC, Versace, Salvatore Ferragamo, Nautica, Ted Baker, Furla, Adidas Originals, Philipp Plein, Plein Sports, UCB, Helix, and TMX. It also operates as an original design manufacturer (ODM) for brands like Wrogn, Van Heusen, Allen Solly, and Peter England through partnerships with companies such as Flipkart.
Timex Group India Ltd has a comprehensive global distribution network with 5 regional hubs, 9 global affiliates, over 120 distributors, and more than 22,000 points of sale, enabling strong global reach and effective local market presence.
Written by Sridhar J
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