Timex Group India Q2 Profit Soars 56%

Revenue grew to Rs 358.01 crore from Rs 243.67 crore in the year-ago period.
Net profit for the quarter rose to Rs 47.11 crore compared to Rs 30.23 crore.

Reader Takeaway: Strong top-line growth drives profitability, while the long-term auditor appointment signals commitment to stable governance standards.

What just happened

Timex Group India has released its financial results for the quarter and half-year ended September 30, 2026. The company demonstrated significant operational growth, with revenue from operations hitting Rs 358.01 crore for the September quarter. Bottom-line performance remained robust, with the net profit reaching Rs 47.11 crore, marking a 56% increase compared to the same quarter last year.

Why this matters

The results highlight continued demand for Timex’s product portfolio in the Indian market. The jump in basic EPS to 4.62 from 2.87 reflects improved earnings capacity for shareholders. Additionally, the company is preparing for a transition in its audit function to ensure long-term stability.

What changes now

The Board of Directors, following a recommendation from the Audit Committee, has proposed the appointment of M/s B S R & Co. LLP as the new statutory auditor. This five-year tenure is scheduled to begin at the conclusion of the 2027 Annual General Meeting and will run until the 2032 AGM. This move is currently subject to shareholder approval.

Context metrics

For the half-year ended September 30, 2026, Timex Group India clocked total revenue of Rs 576.91 crore, up from Rs 412.61 crore in the first half of the previous year. Correspondingly, H1 net profit rose to Rs 72.13 crore from Rs 44.90 crore, illustrating consistent growth momentum over the six-month period.