Consolidated figures · ₹ crore
| ₹ Cr | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| 503 | 624 | 652 | 549 | 816 | 1,119 | 1,391 | 1,648 | 2,153 | |
| COGS | 302 | 361 | 378 | 324 | 472 | 629 | 794 | 975 | 1,276 |
| Gross profit | 201 | 263 | 275 | 225 | 344 | 491 | 597 | 672 | 877 |
| 157 | 198 | 199 | 160 | 237 | 330 | 350 | 412 | 568 | |
| 44 | 65 | 76 | 65 | 107 | 161 | 248 | 260 | 309 | |
| OPM % | 8.8% | 10.5% | 11.6% | 11.9% | 13.1% | 14.4% | 17.8% | 15.8% | 14.3% |
| Depreciation | 12 | 13 | 48 | 46 | 45 | 49 | 65 | 86 | 122 |
| Interest | 12 | 15 | 29 | 27 | 25 | 24 | 26 | 31 | 42 |
| 5 | 3 | 6 | 18 | 15 | 20 | 29 | 47 | 52 | |
| Profit before tax | 25 | 40 | 5 | 11 | 52 | 108 | 186 | 190 | 196 |
| Tax | 7 | 15 | 7 | 4 | 15 | 31 | 49 | 47 | 60 |
| Tax % | 28% | 37.7% | 138.1% | 34.4% | 29% | 28.5% | 26.2% | 24.9% | 30.9% |
| 18 | 25 | -2 | 7 | 37 | 77 | 137 | 142 | 135 | |
| PAT margin % | 3.6% | 4% | -0.3% | 1.3% | 4.6% | 6.9% | 9.9% | 8.6% | 6.3% |
| EPS (₹) | 16.8 | 22.2 | -0.5 | 4.9 | 25.3 | 42.2 | 81.9 | 76.3 | 71.6 |
| EPS adjusted (₹) | — | — | -0.5 | 4.8 | 24.9 | 42.5 | 108.9 | 76.4 | 71.1 |
| 14.9% | 11.3% | — | 30.9% | 11.9% | 147% | 4.9% | 6.6% | 32.1% | |
| Annual report | Annual report for Mar 2018 | Annual report for Mar 2019 | Annual report for Mar 2020 | Annual report for Mar 2021 | Annual report for Mar 2022 | Annual report for Mar 2023 | Annual report for Mar 2024 | Annual report for Mar 2025 | — |
| ₹ Cr | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity capital | 12 | 12 | 13 | 13 | 13 | 12 | 12 |
| Reserves | — | 175 | 239 | 444 | 721 | 903 | 1,068 |
| Minority interest | — | 41 | 58 | 246 | 410 | 495 | 838 |
| — | 156 | 155 | 128 | 105 | 129 | 156 | |
| — | 234 | 274 | 331 | 393 | 551 | 680 | |
| Total equity & liabilities | — | 618 | 739 | 1,161 | 1,642 | 2,090 | 2,755 |
| 159 | 154 | 160 | 303 | 350 | 601 | 723 | |
| CWIP | — | 5 | 2 | 13 | 42 | 47 | 22 |
| Investments | — | 1 | 3 | 5 | 6 | 8 | 8 |
| — | 457 | 572 | 839 | 1,244 | 1,434 | 2,002 | |
| Total assets | — | 618 | 739 | 1,161 | 1,642 | 2,090 | 2,755 |
As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.
Latest reported period · 31 Mar 2026 · ₹ crore
| Segment | Revenue | Result | Assets | Liabilities | Capital employed | ROCE % |
|---|---|---|---|---|---|---|
| Watches, accessories and other luxury items and related services | 1,626.67 | 110.74 | 1,567.2 | 219.04 | 1,348.16 | 8.21 |
| Precision and watch components | 503.39 | 105.57 |
| ₹ Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| 90 | 43 | 46 | 98 | -4 | 144 | |
| -22 | -36 | -267 | 66 | 109 | -420 | |
| -60 | 14 | 227 | 17 | -149 | 290 | |
| Net cash flow | 8 | 21 | 6 | 181 | -44 | 14 |
| Free cash flow | 72 | 16 | -26 | 14 | -144 | -4 |
| CFO / Operating profit % | 138.8% | 39.9% | 28.5% | 39.5% | -1.7% | 46.6% |
| 443.64 |
| 90.76 |
| 352.88 |
| 29.92 |
| Others | 23.21 | -3.16 | 26.99 | 4.83 | 22.16 | -14.26 |
₹ crore by fiscal year