1. Baddi capacity doubled to 1 crore units - The Baddi plant scaled to an annual capacity of approximately 1 crore units through a double-shift model in FY26, up from 4 million units in FY25. Removing this volume bottleneck lets the company serve its fast-growing own brands and OEM partners from a single, already-operational facility without fresh greenfield capex.
2. NSE listing - Equity shares began trading on the National Stock Exchange effective April 20, 2026. A wider investor base and improved liquidity can support the stock’s valuation multiple over time.
3. E-commerce and quick-commerce channel expansion - E-commerce grew 70% (including quick commerce) in 9M FY26, and the company added Zepto alongside existing tie-ups with Swiggy Instamart and Flipkart Minutes. This channel is outpacing others and reaches younger buyers directly, lifting volume without adding physical retail cost.
4. Fashion and luxury brand portfolio expansion - The company plans to introduce more globally recognised lifestyle and fashion brands across Premium Fashion, Bridge to Luxury, and Luxury segments, building on a lineup that already includes Versace, Philipp Plein, Guess, and Ferragamo. A wider luxury roster raises counter share and average selling price in the same retail footprint.
5. Guess brand and jewellery extension - Guess grew 36% in 9M FY26 and the company launched GUESS Jewellery, capitalising on rising gold prices and demand for affordable accessories. Jewellery opens a new adjacent category under an already-proven brand, with no separate store investment required.
6. OEM business expansion - The OEM vertical, serving partners like Lavie, Woodland, Flipkart, and Myntra, has grown into a significant independent revenue contributor. It loads the enlarged Baddi plant with third-party volumes, improving asset turns and unit-cost absorption.
7. Just Watches acquisition and retail integration - The acquisition of the Justwatches brand and its premium retail stores, including the online store, was completed during the year. An owned retail chain amplifies marketing for all brands and captures full retail margin on those sales.
8. Timex core franchise and DTC expansion - The Timex brand grew 52% in 9M FY26 and the company is deepening direct-to-consumer sales via brand websites and quick-commerce platforms. DTC sales earn higher unit margins than wholesale while feeding first-party data back into product decisions.