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Earnings Call Transcript

Timex Group India Earnings Call Transcript: 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.

Timex Group India Q2 FY27 concall: date, live audio and summaryConcall page →
Highlights
Revenue growthRevenue ₹359 Cr, +47% YoY; e-commerce +75%, trade +34%.
MarginsH1 EBITDA margin 17.5% vs 14.5% FY26; gross margin down 1.1pt YoY.
Demand visibilityAnalog industry growing 14-15% vs 8-9% historically; smartwatch stabilised.
Management confidenceOver-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.

Source

Earnings Call Transcript filed with BSE, NSE: TIMEX. Summary written with AI assistance from the document.

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Timex Group India Ltd: key numbers

Share price
₹752.55
Market cap
₹7,597 Cr
Revenue (annual)
₹798.6 Cr
Net profit (annual)
₹75.44 Cr
P/E (TTM)
74.0×Sector 48.2×
Promoter holding
51.00%+0.00% QoQ
FII holding
2.26%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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18:35 IST BSE
Financial Results

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.

Key figure
Net profit ₹47.1 Cr · +56.0% YoY