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.
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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 appointed B S R & Co. LLP as statutory auditor, effective August 10, 2027. The board approved it at a November 3, 2026 meeting.
Timex Group India's board approved B S R & Co. LLP as statutory auditor for five years, subject to shareholder approval. The appointment replaces Deloitte Haskins & Sells, whose second term ends in 2027.
Timex Group India reported record Q2 FY27 revenue of ₹359 crore, up 47% year-on-year. The press release highlights strong growth across e-commerce, trade and exclusive retail channels.
Q2 FY27 total income rose 47% to Rs 35,917 lakh, EBITDA reached 1.5x at Rs 6,550 lakh (18.2% margin), and PBT grew 1.6x. E-commerce and trade channels led growth.
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.
Timex Group India Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026.
Timex Group India Ltd scheduled a board meeting for November 3, 2026. The board will consider and approve un-audited financial results for the quarter ending September 30, 2026.
Timex Group India received an order from the CGST Department, Baddi, dropping all proceedings against the company. The order resolves GST discrepancies for FY 2022-23.
Timex Group received a GST order (ASMT-12) confirming that authorities have dropped all proceedings regarding FY 2022-23 discrepancies. No financial impact arose from this closure.
Timex Group India Limited held its 38th Annual General Meeting on August 20, 2026. All resolutions were approved by shareholders as per the scrutinizer's report.