Timex Group stock hits 10% lower circuit after reporting weak Q3 results; Check the details

Synopsis: Timex Group India Limited reports 38.12% QoQ revenue drop and a 89.41% QoQ  decrease in net profit in Q3 FY26 results.

This Small-cap stock, engaged in manufacturing, marketing, and distributing innovative watches and timepieces under global brands worldwide, hit 10 lower circuit after the company reported December quarterly results with an 89.41 percent YoY decrease in net profit.

With a market capitalization of Rs. 2,780.16 crores, the shares of Timex Group India Limited hit a 10 percent lower circuit of Rs. 275.40 per share on Wednesday, down from its previous closing price of Rs. 305.95 per share.

Q3 FY26 Result

Coming into the quarterly results of Timex Group India Limited, the company’s consolidated revenue from operations increased by 25.71 percent YOY, from Rs. 119.94 crore in Q3 FY25 to Rs. 150.78 crore in Q3 FY26, and decreased by 38.12 percent QoQ from Rs. 243.67 crore in Q2 FY26. Further, the company’s EBITDA has increased by 122.51 percent, from Rs. 4.62 crore in Q3 FY25 to Rs. 10.28 crore in Q3 FY26. 

In Q3 FY26, Timex Group India Limited’s consolidated net profit increased by 64.95 percent YOY, reaching Rs. 3.20 crore compared to Rs. 1.94 crore during the same period last year. As compared to Q2 FY26, the net profit has decreased by 89.41 percent, from Rs. 30.23 crore.

The basic earnings per share increased by 171.43 percent and stood at Rs. 0.19 as against Rs. 0.07 recorded in the same quarter in the previous year, FY2025. Timex Group India Limited’s revenue and net profit have grown at a CAGR of 26.78 percent and 117.81 percent, respectively, over the last three years.

In terms of return ratios, the company’s ROCE and ROE stand at 42.6 percent and 197 percent, respectively. Timex Group India Limited has an earnings per share (EPS) of Rs. 5.68, and its debt-to-equity ratio is 0.11x.

Global Watch Brands

Timex Group India Limited manages a diverse portfolio of global and lifestyle watch brands, including Timex, Versace, Guess, Philipp Plein, Ferragamo, Nautica, Adidas, Helix, TMX, and United Colors of Benetton. Through this mix of fashion, premium, and everyday brands, the company caters to varied consumer segments across India’s growing timepiece market.

Timex Group India operates a vast global distribution network with 5 regional hubs, 9 global affiliates, and over 120 distributors. Its brands reach consumers through more than 22,000 points of sale worldwide, ensuring strong localization, accessibility, and consistent global market presence.

Timex Group India Limited was established in 1988 and is a leading watch company that designs, manufactures, and markets innovative timepieces in India. It is part of the global Timex Group, headquartered in the United States, with operations worldwide. 

In India, TGIL manages brands such as Timex, Versace, Guess, Ferragamo, Nautica, and adidas. The company has a strong retail footprint with over 5,000 offline stores, major online platforms, and more than 40 exclusive franchise outlets across the country.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Timex Group stock hits 10% lower circuit after reporting weak Q3 results; Check the details appeared first on Trade Brains.