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Brazilian (BOVESPA) Luxury Industry Analysis

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies14
  • 7D-0.4%
  • 3M6.2%
  • 1Y24.2%
  • YTD-0.4%

Over the last 7 days, the Luxury industry has dropped 1.6%, driven by declines from every company within the industry. This takes the industry's 12 month performance to a gain of 23%. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

Has the Brazilian Luxury Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 10 Jan 2026R$37.0bR$41.0bR$4.4b6.3x8.4x0.9x
Mon, 08 Dec 2025R$37.8bR$41.0bR$4.4b6.6x8.6x0.9x
Wed, 05 Nov 2025R$38.0bR$39.6bR$3.6b6x10.6x1x
Fri, 03 Oct 2025R$35.6bR$39.4bR$3.2b6.5x11x0.9x
Sun, 31 Aug 2025R$38.2bR$39.4bR$3.2b7.1x11.9x1x
Tue, 29 Jul 2025R$33.7bR$37.2bR$3.1b7.2x11x0.9x
Thu, 26 Jun 2025R$36.7bR$37.2bR$3.1b7.4x11.9x1x
Sat, 24 May 2025R$36.7bR$37.2bR$3.1b7.4x11.9x1x
Mon, 21 Apr 2025R$31.3bR$34.9bR$2.8b7.9x11.2x0.9x
Wed, 19 Mar 2025R$29.7bR$34.4bR$2.6b8.4x11.5x0.9x
Fri, 14 Feb 2025R$30.2bR$32.1bR$1.1b8.5x28.7x0.9x
Sun, 12 Jan 2025R$29.2bR$31.6bR$979.5m8.3x29.8x0.9x
Tue, 10 Dec 2024R$31.7bR$32.1bR$1.1b8.1x30.1x1x
Thu, 07 Nov 2024R$36.6bR$30.2bR$1.4b8.6x26.5x1.2x
Sat, 05 Oct 2024R$36.7bR$30.2bR$1.3b9.2x27.4x1.2x
Mon, 02 Sep 2024R$35.3bR$31.4bR$879.1m9.7x40.1x1.1x
Wed, 31 Jul 2024R$37.9bR$36.1b-R$1,707,621,150.009.4x-22.2x1.1x
Fri, 28 Jun 2024R$37.9bR$36.1b-R$1,707,621,150.009.2x-22.2x1x
Sun, 26 May 2024R$39.3bR$36.1b-R$1,707,621,150.0010.3x-23x1.1x
Tue, 23 Apr 2024R$38.9bR$35.9b-R$1,948,507,704.009.4x-20x1.1x
Thu, 21 Mar 2024R$42.9bR$35.7b-R$38,283,052.0010.2x-1120.2x1.2x
Sat, 17 Feb 2024R$42.7bR$35.4bR$59.4m9.1x718.4x1.2x
Mon, 15 Jan 2024R$46.4bR$35.5bR$1.6b9.1x28.2x1.3x
Wed, 13 Dec 2023R$43.5bR$35.5bR$1.6b9.1x26.4x1.2x
Fri, 10 Nov 2023R$40.8bR$36.0bR$1.8b9x22.2x1.1x
Sun, 08 Oct 2023R$40.2bR$36.1bR$1.9b9x21.6x1.1x
Tue, 05 Sep 2023R$45.8bR$36.3bR$1.9b9.4x24x1.3x
Thu, 03 Aug 2023R$51.2bR$36.2bR$2.0b12.4x25.4x1.4x
Sat, 01 Jul 2023R$50.5bR$36.1bR$2.0b12.7x25.6x1.4x
Mon, 29 May 2023R$45.9bR$36.1bR$2.0b10.2x23.3x1.3x
Wed, 26 Apr 2023R$38.7bR$35.5bR$2.2b14.7x17.2x1.1x
Fri, 24 Mar 2023R$36.2bR$34.4bR$2.2b13.8x16.4x1.1x
Sun, 19 Feb 2023R$40.8bR$33.9bR$2.4b9.9x17.2x1.2x
Tue, 17 Jan 2023R$42.0bR$33.9bR$2.6b10x15.9x1.2x
Price to Earnings Ratio

15.9x


Total Market Cap: R$42.0bTotal Earnings: R$2.6bTotal Revenue: R$33.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Luxury Industry Price to Earnings3Y Average 15.5x202420252026
Current Industry PE
  • Investors are pessimistic on the Brazilian Luxury industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 8.3x which is lower than its 3-year average PE of 15.5x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.90x.
Past Earnings Growth
  • The earnings for companies in the Luxury industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 6.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Brazilian Consumer Discretionary industry?

BR Market1.29%
Consumer Discretionary1.55%
Luxury-0.36%
Footwear3.88%
Textiles1.14%
Apparel, Accessories and Luxury Goods-4.47%
Industry PE
  • Investors are most optimistic about the Apparel, Accessories and Luxury Goods industry even though it's trading below its 3-year average PE ratio of 12.9x.
    • Analysts are expecting annual earnings growth of 15.2%, which is lower than the prior year's growth of 41.9% per year.
  • Investors are most pessimistic about the Textiles industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 1.5x.
Forecasted Growth
  • Analysts are most optimistic on the Apparel, Accessories and Luxury Goods industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 42% per year.
  • In contrast, the Footwear industry is expected to see its earnings grow by 4.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GRND3 GrendeneR$4.591.1%
+R$45.1m		-10.9%PE5.7x
TECN3 TechnosR$7.101.4%
+R$6.1m		25.2%PE6.4x
VSTE3 Veste EstiloR$3.950.5%
+R$2.3m		-42.4%PE22.3x

Latest News

GRND3
R$4.59
Grendene
7D
1.1%
1Y
-10.9%
GUAR3
R$8.35
Guararapes Confecções
7D
-3.6%
1Y
46.2%

GUAR3: Higher Revenue Outlook Will Support Stronger Future Earnings Multiple

Analysts have raised their fair value estimate for Guararapes Confecções from R$12.00 to R$17.00, citing stronger expected revenue growth and a higher justified future P/E multiple, despite only marginal adjustments to discount rate and profit margin assumptions. What's in the News Guararapes Confecções S.A. scheduled an Analyst and Investor Day to present its strategic priorities and financial outlook to the market (Key Developments).
VIVA3
R$30.95
Vivara Participações
7D
-4.1%
1Y
67.3%

VIVA3: Higher Margins Will Support A More Optimistic Future Outlook

Analysts have lifted their price target on Vivara Participações by approximately R$3, driven by slightly stronger assumptions for revenue growth, profit margins and valuation multiples that together support a higher estimate of fair value. Valuation Changes The fair value estimate has increased from R$36.28 to R$39.18, indicating a modest uplift in the assessed intrinsic value of the shares.
AZZA3
R$23.69
Azzas 2154
7D
-6.7%
1Y
-21.3%

AZZA3 Remote Meeting And Margin Strength Will Drive Future Share Upside

Analysts have modestly reduced their price target on Azzas 2154 to approximately $45.32 from about $47.07, citing slightly lower long term revenue growth expectations and a higher required return. This was partially offset by improved margin forecasts and a marginally lower projected earnings multiple.
TECN3
R$7.10
Technos
7D
1.4%
1Y
25.2%
VULC3
R$19.70
Vulcabras
7D
-1.1%
1Y
24.8%
CAMB3
R$9.43
Cambuci
7D
-4.7%
1Y
-12.2%
VSTE3
R$3.95
Veste Estilo
7D
0.5%
1Y
-42.4%