Watch manufacturing stock hits 5% upper circuit after its net profit hits historic high in Q1 FY26Watch manufacturing stock hits 5% upper circuit after its net profit hits historic high in Q1 FY26

Introduction:

Leading watch manufacturing company reported a 55% jump in Q1 FY26 revenue to ₹169 crore, with EBITDA rising 4.5 times and profit before tax increasing sixfold, driven by strong brand and channel performance.

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Share price movement of Timex Group:

On July 30, 2025, Timex Group India Ltd opened at ₹222.00, rising 4.99% from its previous close of ₹211.45. The stock hit a high and low of ₹222.00. By 11:07 AM, it traded at ₹222.00, with a market cap of ₹2,241.09 crore.

Timex Group India Reports Strong Q1 FY26 Results:

Timex Group India Ltd posted ₹169 crore revenue in Q1 FY26, up 55% year-on-year. EBITDA rose 4.5 times, and Profit Before Tax increased six times, showing strong operational efficiency and growth.

The flagship Timex brand recorded 77% growth in Q1 FY26. This was driven by premiumisation, strong retail channel performance, and modern brand storytelling. Timex continued to lead in the affordable and mid-range watch segment.

Guess grew 33% year-on-year, while Versace rose 18%, reflecting rising demand for luxury watches. Other licensed brands like Gc, Philipp Plein, and Nautica delivered steady quarter-on-quarter performance in the premium watch category.

Recent news on Timex Group:

As of June 24, 2025, Timex Group Luxury Watches BV plans to sell up to 15% stake in Timex Group India Ltd via OFS, including a 7.5% green shoe option.

Ace investor holding in Timex Group:

Chetan Jayantilal Shah holds a 1.88% stake in Timex Group India Ltd, owning 19 lakh shares valued at ₹42.2 crore, reflecting significant confidence in the company’s growth potential.

Stock performance of Timex Group for Period of 1 week, 6 months, and 1 year:

Timex Group India Ltd declined by 5.16% over the past week, delivered an 11.1% return in the past six months, and gained 25.4% over the past year.

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Shareholding pattern of Timex Group:

Particulars	Jun 2025	Mar 2025	Dec 2024
Promoter	59.90%	74.90%	74.90%
FII	1.10%	0.10%	0.10%
DII	0.20%	0.00%	0.00%
Public	38.80%	25.00%	25.00%

About Timex Group:

Timex Group India Ltd (BSE: 500414) designs and markets watches under Timex and several global licensed brands, with over 5000 offline stores and 42 exclusive outlets across India, including Just Watches and Timex World.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.