Payment of Interim dividend on Preference (Unlisted Shares) to pay off the unpaid accumulated dividend for 4 years, out of the profit of current financial year. The detail of the same is ....
TIMEX · price
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Awaiting price reaction for this filing.
Timex Group India reported its best-ever quarter, with Q2 FY26 revenue rising ~44% to Rs. 243.67 crore and profit after tax nearly doubling to Rs. 30.23 crore versus Rs. 14.67 crore a year ago. For H1 FY26, revenue grew 46% to Rs. 412.61 crore and PBT jumped 123% to Rs. 60.56 crore, with EBITDA up 116% at a 15.7% margin. Growth was broad-based: Versace up 57%, Timex up 52%, Guess up 45%, with e-commerce up 53% and trade up 30%. The board also approved an interim dividend of Rs. 12.71 crore on 2.29 crore 13.88% cumulative redeemable preference shares, clearing unpaid accumulated dividends for FY2020-21 to FY2023-24, payable within 30 days. The statutory auditor (Deloitte Haskins & Sells LLP) issued an unmodified limited review report.
Strong, broad-based growth across brands and channels signals robust demand and pricing power, likely positive for the stock. However, equity shareholders receive no dividend this time—the Rs. 12.71 crore payout goes to preference shareholders (the parent Timex Group), reducing distributable surplus available to common shareholders.