The call has ended.

Key takeaways

Record Q2: revenue ₹359 Cr (+47%), EBITDA ₹66 Cr (+54%). No revenue guidance given. Gross margin fell 1.1 pts, and inventory of ₹358 Cr is at a seasonal peak.

Highlights
Revenue growth	Revenue ₹359 Cr, +47% YoY; e-commerce +75%, trade +34%.
Margins	H1 EBITDA margin 17.5% vs 14.5% FY26; gross margin down 1.1pt YoY.
Demand visibility	Analog industry growing 14-15% vs 8-9% historically; smartwatch stabilised.
Management confidence	Over-optimistic; dismisses risks, refuses revenue guidance.

Growth

E-commerce +75% to ₹190 Cr, trade +34% to ₹85 Cr; growth roughly half volume, half value.

Outlook

No revenue guidance; ~40 stores 2027, 80–100 in 2028, 70–80 in 2029; 20% margin aspiration.

Risks

Gross margin -1.1pts from FX and metals; inventory ₹358 Cr at peak; FDI rules threaten 1P e-commerce.

Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published 4 Nov 2026, 8:47 PM IST. Open it on ALFA Filings ›

The results behind this call

3 Nov 2026 18:35 IST BSE

Financial ResultsAlfa Alert

Timex Group India Q2 FY27 Results: Net Profit ₹47.1 Cr, Up 56.0% YoY

Timex Group India reported unaudited Q2 and H1 FY27 results, with H1 revenue of Rs 57,691 lakhs and profit of Rs 7,213 lakhs. The board also approved appointing BSR & Co. LLP as statutory auditors for five years.