500414

Timex Group share price & financials

Price
₹518.4
Market cap
₹6.4k Cr
Sector
Consumer Durables

What Timex Group does

Timex Group India Limited (TGIL) is a subsidiary of Tanager Group B.V. (formerly Timex Group B.V.) that designs, manufactures and distributes watches and jewelry in India under its own Timex brand and under licensed international brands including Versace, Guess, Nautica, Furla, Ferragamo, Philipp Plein, Gc, Ted Baker, Adidas Originals and UCB. It manufactures watches at its own plant in Baddi, Himachal Pradesh, and reaches consumers through a multi-channel network of multi-brand retail counters, large-format stores, Canteen Stores Department (defence canteen) outlets, and its own retail and luxury-retail stores, backed by regional sales offices in Noida, Mumbai, Kolkata, Bengaluru and Chennai. Beyond core analog watches sold under the Timex, Helix and TMX brands, the company has expanded into connected wearables under the iConnect by Timex and Timex Smart sub-brands and operates the Just Watches retail chain for premium and luxury timepieces. It also distributes newer brand tie-ups such as Aston Martin Watches and a Swiss-made Timex Atelier collection.

Segments

  • Timex Business Unit
  • Fashion and Luxury Products
  • Smart / Tech Watches
Manufacturing plant
Baddi, Himachal Pradesh (single India facility)
Multi-brand retail counters
5,025
Defence Canteen Store (CSD) outlets
675
Large-format retail stores
372
Own luxury retail stores
178
Standalone retail stores
41
Founded 1988Headquarters Noida, Uttar Pradesh (Registered Office: New Delhi) Company website

Quarterly results

Q1 FY27: revenue up 29.6%, net profit up 66.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue174 120 135 169 244 +40%151 +26%235 +74%219 +30%
EBITDA25 4 14 22 43 +72%10 +150%40 +186%35 +59%
Net profit18 2 9 15 30 +67%3 +50%27 +200%25 +67%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +96.1% 1Y

₹300₹400₹500₹600₹700Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹321.25 on 10 Sept 2025 → ₹629.9. High ₹680.65 (31 Aug 2026), low ₹245 (30 Mar 2026).

Financials, as filed

Revenue grew 27.8% a year over 3 years, FY23 to FY26. Operating margin widened to 14.4%.

Year endingFY23FY24FY25FY26
Revenue₹383 Cr₹418 Cr₹538 Cr₹799 Cr
Operating profit₹38 Cr₹32 Cr₹47 Cr₹115 Cr
Operating margin9.9%7.7%8.7%14.4%
Interest₹5 Cr₹4 Cr₹4 Cr₹4 Cr
Depreciation₹4 Cr₹4 Cr₹4 Cr₹4 Cr
Net profit₹46 Cr₹21 Cr₹31 Cr₹75 Cr
Net margin12.1%5.0%5.8%9.4%
Cash from operations₹10 Cr₹32 Cr₹-3 Cr₹91 Cr
Free cash flow₹8 Cr₹31 Cr₹-4 Cr₹89 Cr
ROCE48.0%33.0%43.0%83.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹10 Cr₹10 Cr₹10 Cr₹10 Cr₹10 Cr₹10 Cr
Reserves₹-74 Cr₹-71 Cr₹-24 Cr₹-3 Cr₹109 Cr₹65 Cr
Borrowings₹91 Cr₹111 Cr₹110 Cr₹86 Cr₹13 Cr₹71 Cr
Other liabilities₹78 Cr₹80 Cr₹98 Cr₹108 Cr₹204 Cr₹191 Cr
Total liabilities₹106 Cr₹130 Cr₹194 Cr₹201 Cr₹336 Cr₹338 Cr
Fixed assets₹20 Cr₹17 Cr₹17 Cr₹15 Cr₹13 Cr₹11 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹43 Cr₹0 Cr
Other assets₹86 Cr₹113 Cr₹178 Cr₹186 Cr₹280 Cr₹326 Cr
Total assets₹106 Cr₹130 Cr₹194 Cr₹201 Cr₹336 Cr₹338 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters trimmed −8.93 pp while the public added +6.29 pp. The shareholder count grew 33% to 63,477.

Promoters
51.0%
FIIs
2.5%
DIIs
1.4%
Public
45.1%

Since Jun 2025

  • Promoters −8.93 pp
  • Public +6.29 pp
  • FIIs +1.40 pp

How it drifted, 12 quarters

Over this window promoters fell from 74.9% to 51.0% — −23.9 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 74.9%, FIIs 0.4%, DIIs 0.0%, Public 24.7%.Dec '23: Promoters 74.9%, FIIs 0.8%, DIIs 0.0%, Public 24.3%.Mar '24: Promoters 74.9%, FIIs 0.8%, DIIs 0.1%, Public 24.2%.Jun '24: Promoters 74.9%, FIIs 0.5%, DIIs 0.2%, Public 24.4%.Sep '24: Promoters 74.9%, FIIs 0.2%, DIIs 0.0%, Public 24.8%.Dec '24: Promoters 74.9%, FIIs 0.1%, DIIs 0.0%, Public 25.0%.Mar '25: Promoters 74.9%, FIIs 0.1%, DIIs 0.0%, Public 24.9%.Jun '25: Promoters 59.9%, FIIs 1.1%, DIIs 0.1%, Public 38.8%.Sep '25: Promoters 59.9%, FIIs 1.6%, DIIs 0.5%, Public 38.0%.Dec '25: Promoters 51.0%, FIIs 2.0%, DIIs 0.5%, Public 46.5%.Mar '26: Promoters 51.0%, FIIs 1.3%, DIIs 0.5%, Public 47.2%.Jun '26: Promoters 51.0%, FIIs 2.5%, DIIs 1.4%, Public 45.1%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Timex Group above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Timex Group Luxury Watches B V 51.00%unchanged
Chetan Jayantilal Shah 2.38%unchanged
Globe Capital Market Limited 1.08%−0.39 pp
Mayuri Shripal Vora 1.00%newly disclosed

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Timex Group

Guides on how to read this kind of business and the numbers that matter.