Timex Group India Limited, the listed Indian arm of the American watch brand, posted roughly 42% revenue growth in its FY ending June 2025 and a 500%-plus jump in quarterly profit — all built around a manufacturing base in Baddi, Himachal Pradesh. This is the quiet comeback story.
What is Timex Group India?
Timex Group India Limited is the publicly listed Indian subsidiary of Timex Group, the American watch company. Trading on the BSE, it designs, manufactures, and distributes watches in India — including Timex's own ranges and licensed fashion brands — from a manufacturing facility in Baddi, Himachal Pradesh.
The numbers behind the comeback
Timex Group India reported revenue of roughly ₹600 crore for its financial year ending June 2025, representing about 42% year-on-year growth. The momentum carried into the next year: in Q1 of FY2025-26, revenue jumped about 55% year-on-year to ₹169.25 crore, while net profit surged more than 500% to ₹14.67 crore. For a company long treated as a sleepy legacy name, that is a dramatic re-rating of the business.
Why the Baddi factory matters
Timex's manufacturing base in Baddi is the part of the story most relevant to India's broader watch ambitions. While many fashion and smart brands import finished goods, Timex Group India runs domestic assembly and manufacturing at scale — making it one of the few names that combines a global brand with genuine Indian production. That positions it well as India pushes "Make in India" incentives into electronics and precision manufacturing.
Where Timex sits in the market
Timex occupies the accessible-to-mid segment — broadly the same price territory as Titan's Fastrack and Sonata, and above most quartz micro-brand offerings. It competes less on heritage storytelling and more on design licences, distribution, and value. Its resurgence shows that the Indian watch boom is not only a luxury and micro-brand story; the mainstream middle of the market is growing fast too.
The manufacturing thread
Timex's Baddi operation connects to a question Ghadicode tracks closely: how Indian is an Indian watch, really? We grade every brand we cover on whether it is manufactured, assembled, or merely designed in India — see Made in India. Timex's domestic manufacturing is a reminder that real watch production capacity exists in India, which is exactly what the next generation of micro-brands will need as they scale.
Frequently asked questions
What is Timex Group India's revenue? Roughly ₹600 crore for the financial year ending June 2025, up about 42% year-on-year.
Where are Timex watches made in India? At Timex Group India's manufacturing facility in Baddi, Himachal Pradesh.
Is Timex Group India listed? Yes, it trades on the BSE.
