TIMEX India reports 134% growth in profits

During 1988, Timex Group entered India in joint venture with Jayna Times, followed by a JV with Titan in 1990. In 1994, the company listed on Bombay stock Exchange (BSE) and ever since, has built its India business slowly but steadily.

FY 25-26 has been a landmark year for Timex Group India, a year defined by accelerated growth, stronger profitability, and deeper consumer relevance across the portfolio.

With total revenue reaching INR 800 Crores, up 48% over last year, the business continued its strong upward trajectory driven by premiumisation, design-led innovation, channel expansion, and manufacturing scale-up.

Timex India has grown its revenue from INR 265 Cr to INR 800 Cr, delivering a robust 32% CAGR over the last four years.

During FY 26, EBITDA grew 134% to INR 116 Cr, while PAT grew 151% to INR 107.4 Cr.

In that spirit of adventure and craft, Timex, in partnership with Warner Bros. Discovery Global Consumer Products, brings its heritage of watchmaking into a new realm of storytelling.

For generations, the world of Harry Potter has inspired courage, curiosity, and a belief that extraordinary things can be found in the everyday.

Crafted for those who believe in both time and wonder, the Harry Potter x Timex Collection brings the magic of the wizarding world to your wrist.

Each watch reimagines a timeless classic with iconic symbols, subtle surprises, and a sense of discovery in every detail.

Editor’s Note

Between the organized and unorganized retail sectors, Indians buy 40-45 mn traditional watches annually.

The mass market, also known as the budget tier contributes to over 75% of all watches sold, with a price band of INR 1,000 – 3,000.

This is followed by the mid-range, known as bridge to luxury with prices ranging from INR 5,000 – INR 50,000, contributing 25% of all watches that are sold in India.

The premium and luxury watches, ranging from INR 50.000 to INR 500,000 and above, are a fast growing market, with a 5% share currently.