Timex Group India Q2 FY27 Results: Standalone Net Profit ₹47.11 Crore on Total Income of ₹359 Crore
- Earnings
- Watches manufacturing and trading
Reviewed byRachit TripathiBlacklitt Research
Timex Group India (NSE: TIMEX) reported total income of ₹359.17 crore and net profit of ₹47.11 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Basic EPS for the quarter was ₹4.62.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹359.17 crore, up 47.2% YoY and 63.7% QoQ
- Net profit and EPS: ₹47.11 crore, up 55.8% YoY; basic EPS ₹4.62
- Tax expense: ₹16.23 crore, 25.6% of profit before tax of ₹63.34 crore
- Six-month net profit: ₹72.13 crore on total income of ₹578.62 crore
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 359 | 244 | +47.2% | 219 | +63.7% | |
| Revenue from operations | 358 | 244 | +46.9% | 219 | +63.5% |
| Other income | 1 | 0 | +213.5% | 1 | +110.9% |
| 47 | 30 | +55.8% | 25 | +88.3% | |
| Profit before tax | 63 | 41 | +55.7% | 34 | +87.5% |
| Finance costs | 1 | 1 | -11.9% | 1 | +9.2% |
| Depreciation | 1 | 1 | +11.5% | 1 | +6.6% |
| Tax expense | 16 | 10 | +55.2% | 9 | +85.3% |
| Net profit margin | 13.12% | 12.39% | +0.73 pp | 11.40% | +1.72 pp |
| EPS, basic (₹) | 4.62 | 2.87 | +61.0% | 2.44 | +89.3% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew faster than income in the quarter. Net profit rose 55.8% year on year, while total income rose 47.2% and profit before tax rose 55.7%. Tax expense was ₹16.23 crore against ₹10.46 crore a year earlier, and the company's tax expense is 25.6% of its profit before tax this quarter.
Revenue from operations of ₹358.01 crore makes up almost all of total income. Other income was ₹1.16 crore, which is 1.8% of profit before tax of ₹63.34 crore and 0.3% of total income. Finance costs were ₹1.19 crore, against ₹1.35 crore in the year-ago quarter, and depreciation was ₹0.97 crore.
The company says the New Labour Codes resulted in an exceptional item of ₹5.31 crore recognised for the year ended 31 Mar 2026, which it describes as non-recurring. This item is not part of the quarter's figures. The company says it continues to monitor the finalisation of State rules and will account for changes if required.
For the six months ended 30 Sep 2026, total income was ₹578.62 crore and net profit was ₹72.13 crore, with basic EPS of ₹7.06. In the same period the company paid ₹16.39 crore of dividend on preference shares, approved by members on 20 Aug 2026 and paid on 24 Aug 2026. Deloitte Haskins & Sells LLP issued a limited review report on the results with no exception noted.
Inference
The company's board approved the appointment of B S R & Co. LLP as statutory auditors for five consecutive years, from the conclusion of the 39th AGM in 2027 to the conclusion of the 44th AGM in 2032, subject to approval by members. The board also recommended dividends on three tranches of preference shares, which members approved on 20 Aug 2026.
The company's statement does not say how the Labour Codes provision will change once State rules are finalised, or what amount that change would be.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
