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Indian (NIFTY) Consumer Discretionary Sector Analysis

UpdatedSep 12, 2026
DataAggregated Company Financials
Companies964
  • 7D-0.6%
  • 3M10.0%
  • 1Y-2.2%
  • YTD3.3%

The Consumer Discretionary is pretty flat in the last 7 days, but Bosch has stood out, gaining 3.4%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 24% annually.

Sector Valuation and Performance

Has the Indian Consumer Discretionary Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 12 Sep 2026₹62.2t₹37.2t₹1.4t23.2x45.9x1.7x
Mon, 10 Aug 2026₹63.0t₹34.4t₹1.3t24.6x46.8x1.8x
Wed, 08 Jul 2026₹59.5t₹33.4t₹1.3t25.1x46.6x1.8x
Fri, 05 Jun 2026₹55.8t₹33.3t₹1.3t24.5x43.7x1.7x
Sun, 03 May 2026₹55.4t₹32.5t₹1.2t23.8x45x1.7x
Tue, 31 Mar 2026₹49.5t₹32.2t₹1.2t20.5x40.2x1.5x
Thu, 26 Feb 2026₹57.5t₹32.2t₹1.2t24.7x46.7x1.8x
Sat, 24 Jan 2026₹54.7t₹30.2t₹1.3t24.9x43.6x1.8x
Mon, 22 Dec 2025₹58.8t₹30.0t₹1.2t27.2x47.1x2x
Wed, 19 Nov 2025₹57.9t₹28.8t₹1.3t28.7x46.1x2x
Fri, 17 Oct 2025₹57.5t₹27.9t₹1.3t29.7x43.8x2.1x
Sun, 14 Sep 2025₹57.0t₹26.9t₹1.3t30.3x44.3x2.1x
Tue, 12 Aug 2025₹52.2t₹26.8t₹1.3t30.2x40.2x1.9x
Thu, 10 Jul 2025₹52.7t₹25.2t₹1.3t32.1x41.2x2.1x
Sat, 07 Jun 2025₹51.8t₹25.1t₹1.3t31.6x40.6x2.1x
Mon, 05 May 2025₹48.8t₹24.3t₹1.4t28.8x35.9x2x
Wed, 02 Apr 2025₹45.7t₹24.1t₹1.4t27.1x33.5x1.9x
Fri, 28 Feb 2025₹45.6t₹24.1t₹1.4t27.7x33.4x1.9x
Sun, 26 Jan 2025₹48.8t₹23.6t₹1.4t32.7x35.1x2.1x
Tue, 24 Dec 2024₹52.4t₹23.5t₹1.4t34.7x37.8x2.2x
Thu, 21 Nov 2024₹50.7t₹23.5t₹1.4t32.3x36.8x2.2x
Sat, 19 Oct 2024₹52.2t₹21.9t₹1.3t36x39.3x2.4x
Mon, 16 Sep 2024₹53.4t₹21.8t₹1.3t37.3x40.1x2.4x
Wed, 14 Aug 2024₹49.7t₹21.9t₹1.3t35x37.7x2.3x
Fri, 12 Jul 2024₹48.9t₹21.5t₹1.3t35.1x37.8x2.3x
Sun, 09 Jun 2024₹46.3t₹21.5t₹1.3t32.2x36.4x2.1x
Tue, 07 May 2024₹43.2t₹21.3t₹1.1t33.8x39.7x2x
Thu, 04 Apr 2024₹42.3t₹21.1t₹1.1t33.5x40x2x
Sat, 02 Mar 2024₹41.6t₹21.1t₹1.1t34.9x39.3x2x
Mon, 29 Jan 2024₹38.6t₹20.7t₹960.1b33.5x40.2x1.9x
Wed, 27 Dec 2023₹37.0t₹20.6t₹949.4b31.9x38.9x1.8x
Fri, 24 Nov 2023₹35.3t₹20.6t₹935.8b30.1x37.7x1.7x
Sun, 22 Oct 2023₹33.8t₹20.4t₹863.4b29.6x39.2x1.7x
Tue, 19 Sep 2023₹33.5t₹20.3t₹857.3b28.8x39.1x1.6x
Price to Earnings Ratio

39.1x


Total Market Cap: ₹33.5tTotal Earnings: ₹857.3bTotal Revenue: ₹20.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Consumer Discretionary Sector Price to Earnings3Y Average 40.5x202420252026
Current Industry PE
  • Investors are optimistic on the Indian Consumer Discretionary industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 45.9x which is higher than its 3-year average PE of 40.5x.
  • The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 22% 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 Indian Consumer Discretionary sector?

IN Market-1.39%
Consumer Discretionary-0.60%
General Merchandise and Department Stores0.91%
Consumer Services0.90%
Specialty Stores0.46%
Auto Components0.22%
Online Retail and Ecommerce0%0
Retail Distributors-0.22%
Hospitality-0.37%
Luxury-0.48%
Leisure-1.24%
Auto-1.51%
Consumer Durables-2.44%
Industry PE
  • Investors are most optimistic about the Consumer Services industry which is trading above its 3-year average PE ratio of 41.8x.
    • Analysts are expecting annual earnings growth of 65.1%, which is higher than its past year's earnings growth of 23.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Services industry, expecting annual earnings growth of 65% over the next 5 years.
  • This is better than its past earnings growth rate of 24% per year.
  • In contrast, the Auto industry is expected to see its earnings grow by 17% 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
500530 Bosch₹48.39k3.4%
+₹46.9b		21.3%PE60.4x
517334 Samvardhana Motherson International₹164.302.4%
+₹40.0b		57.0%PE39.5x
MEESHO Meesho₹217.083.9%
+₹37.3b		n/aPS7.3x
NYKAA FSN E-Commerce Ventures₹344.503.6%
+₹34.4b		44.0%PE385.2x
ATHERENERG Ather Energy₹1.66k4.5%
+₹28.6b		205.2%PS15.5x

Latest News

500530
₹48,388.75
Bosch
7D
3.4%
1Y
21.3%
Narrative Update • Sep 09

500530: Higher Margin Outlook Will Support Future Upside Potential

Analysts have lifted their fair value estimate for Bosch from ₹48,165 to ₹57,500, pointing to updated assumptions around discount rate, profit margin and future P/E that support a higher long term valuation framework. What's in the News for Bosch Bosch has scheduled a board meeting on Aug 10, 2026 at 14:45 Indian Standard Time to review the unaudited standalone financial results for the quarter ending June 30, 2026.
517334
₹164.30
Samvardhana Motherson International
7D
2.4%
1Y
57.0%
Narrative Update • Sep 06

517334: Elevated P/E Assumptions For Logistics Expansion Will Keep Shares Under Pressure

Analysts have lifted their price target for Samvardhana Motherson International to ₹136.79 from ₹131.67, citing updated assumptions for revenue growth, profit margins and future P/E valuation. What's in the News Samvardhana Motherson International has entered into a joint venture with Hellmann Worldwide Logistics MESA Holding Limited and formed MHSCL JVC Holding Limited in Dubai, with Samvardhana Motherson International holding 51% of the share capital.
DHOOTTRANS
₹1,728.70
Dhoot Transmission
7D
7.0%
1Y
n/a
MARUTI
₹12,400.00
Maruti Suzuki India
7D
-2.3%
1Y
-19.1%
ATHERENERG
₹1,656.00
Ather Energy
7D
4.5%
1Y
205.2%
New Narrative • Sep 04

Retail Expansion And Software Attachments Will Support A Fair Long Term Outlook

Catalysts About Ather Energy Ather Energy designs, manufactures and sells electric two wheelers and related software and charging solutions in India. What are the underlying business or industry changes driving this perspective?
HYUNDAI
₹2,174.00
Hyundai Motor India
7D
-1.4%
1Y
-15.1%
Narrative Update • Sep 04

HYUNDAI: Upcoming Board Review And Margins May Support Future Re-Rating

Analysts have raised the fair value estimate for Hyundai Motor India from ₹2,530 to ₹2,640, citing updated assumptions for revenue growth, profit margins, and future P/E levels. What’s in the News for Hyundai Motor India Hyundai Motor India has scheduled a board meeting on Jul 30, 2026.
NYKAA
₹344.50
FSN E-Commerce Ventures
7D
3.6%
1Y
44.0%
Narrative Update • Sep 04

NYKAA: Auditor Transition And Board Oversight Will Support A Fairly Valued Outlook

Analysts have revised their price target on FSN E-Commerce Ventures to ₹339.56 from ₹307.92, citing updated assumptions on revenue growth, profit margins and a lower future P/E multiple. What’s in the News for FSN E-Commerce Ventures FSN E-Commerce Ventures approved the appointment of M/s.
M&M
₹3,107.00
Mahindra & Mahindra
7D
-2.0%
1Y
-13.5%
SANSERA
₹4,129.90
Sansera Engineering
7D
9.2%
1Y
192.1%
MEESHO
₹217.08
Meesho
7D
3.9%
1Y
n/a
Narrative Update • Sep 03

MEESHO: Index Inclusions And Governance Updates Will Shape Balanced Return Outlook

Analysts have trimmed their Meesho price target slightly to about ₹203 from roughly ₹207, as small adjustments to revenue growth, profit margin expectations and the assumed future P/E filter through their valuation models. What’s in the News for Meesho Meesho plans to hold its Eleventh Annual General Meeting on September 18, 2026, where shareholders are scheduled to vote on proposed changes to the company’s Articles of Association.
DIXON
₹13,425.00
Dixon Technologies (India)
7D
-5.7%
1Y
-25.8%
Narrative Update • Sep 03

DIXON: Vivo Joint Venture Will Support Future Margin And Earnings Multiple Expansion

Analysts have raised their price target on Dixon Technologies (India) from ₹16,700 to ₹17,800, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple as key drivers of the revised fair value estimate. What's in the News for Dixon Technologies (India) Dixon Technologies (India) plans a board meeting on 31 July 2026 to consider and approve its unaudited standalone and consolidated financial results for the quarter ended 30 June 2026.
BAJAJ-AUTO
₹11,678.00
Bajaj Auto
7D
-2.0%
1Y
29.8%
Narrative Update • Sep 03

BAJAJ-AUTO: Buyback Completion And Revised Assumptions Will Shape Balanced Long Term Outlook

Analysts have raised their price target for Bajaj Auto from ₹11,352.60 to ₹11,616.13, citing updated assumptions that include revised fair value estimates, a slightly different discount rate, and refreshed expectations for revenue growth, profit margins, and future P/E levels. What’s in the News for Bajaj Auto Bajaj Auto completed a share buyback between May 6, 2026 and July 7, 2026, repurchasing 4,694,000 shares, which represents 1.68% of the company, for a total consideration of ₹56,328 million.
532539
₹1,202.40
Uno Minda
7D
-3.8%
1Y
-6.1%
Narrative Update • Sep 03

532539: Greenfield Seating Expansion Will Limit Future Return Potential

Analysts have lifted their fair value estimate for Uno Minda from roughly ₹981 to about ₹1,021. This reflects updated assumptions for a slightly lower discount rate, modestly higher revenue growth, a small improvement in profit margin, and a marginally higher future P/E multiple.
500570
₹302.00
Tata Motors Passenger Vehicles
7D
-3.2%
1Y
-57.8%
Narrative Update • Sep 03

500570: Connectivity And Price Hikes Will Signal Confidence In Future Earnings

Analysts have revised their fair value estimate for Tata Motors Passenger Vehicles to ₹469.32 from ₹481.15, citing updated assumptions on discount rate, revenue growth, profit margin, and future P/E. What's in the News Tata Motors Passenger Vehicles and Tata Communications announced a collaboration to power the new Sierra.ev with in built 5G connectivity using the MOVE Connected Vehicle Platform, which is intended to support software defined vehicle capabilities and AI enabled applications.
PWL
₹136.10
Physicswallah
7D
7.7%
1Y
n/a
KPRMILL
₹1,109.10
K.P.R. Mill
7D
-6.5%
1Y
9.7%
Analysis Article • Aug 13

Earnings Miss: K.P.R. Mill Limited Missed EPS By 14% And Analysts Are Revising Their Forecasts

As you might know, K.P.R. Mill Limited ( NSE:KPRMILL ) recently reported its quarterly numbers. Revenues were in line...