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Timex Group India Ltd (TGIL), part of the US-based Timex Group, delivered its strongest-ever quarterly performance in Q2 FY27, with revenue growing 47% year-on-year to ₹359 crore. The growth was driven by higher contributions from its key watch brands, improved retail productivity and increasing demand for premium products, informed the brand in media reports.
The company also reported its highest-ever EBITDA of ₹66 crore, up 54% from the corresponding quarter last year. Profit before tax (PBT) increased 57% year-on-year to ₹64 crore, reflecting improved profitability alongside revenue growth.
During the quarter, Timex Group India expanded its watch portfolio through new product launches, brand collaborations and wider distribution. It also continued to strengthen its presence across traditional trade, e-commerce, quick commerce and travel retail, while focusing on improving store-level performance.
E-commerce emerged as the fastest-growing channel, recording 75% year-on-year growth in Q2 FY27, outpacing the company's overall revenue growth. Traditional trade registered 34% growth despite a higher base, supported by improved productivity per store. The exclusive retail channel grew 48%, aided by an expanded store network, while other distribution channels also reported high double-digit growth.
Deepak Chhabra, Managing Director, Timex Group India said, “Delivering our biggest-ever quarter is a significant milestone for Timex Group India and a reflection of the business we have built together. Our growth has been anchored in a clear focus on brand strength, portfolio premiumization, channel productivity, and disciplined execution. As an organization, we have worked towards building a stronger and more balanced business, with an emphasis on sustainable growth, operational efficiency, and long-term value creation. This milestone reflects the collective efforts of our teams and the consistency with which we have translated our business strategy into results.”
Performance across Timex Group India's brand portfolio remained strong during the quarter, led by growth in its key watch labels. Timex recorded 67% year-on-year growth, supported by demand for its international collections and higher-value products. Timex and its sub-brands together registered 65% growth, driven by wider market reach and continued consumer interest in analogue watches.
