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Indian (NIFTY) Consumer Discretionary Sector Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies938
  • 7D-2.2%
  • 3M6.8%
  • 1Y-3.0%
  • YTD-8.2%

Over the last 7 days, the Consumer Discretionary industry has dropped 2.2%, driven by Eternal declining 5.0%. Overall the industry is down 3.0% in 12 months. Looking forward, earnings are forecast to grow by 23% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Jun 2026₹54.6t₹33.3t₹1.3t24x42.8x1.6x
Sun, 10 May 2026₹57.3t₹32.9t₹1.3t24.7x44.5x1.7x
Tue, 07 Apr 2026₹51.5t₹32.3t₹1.2t21.6x41.7x1.6x
Thu, 05 Mar 2026₹54.5t₹32.2t₹1.2t23x44.3x1.7x
Sat, 31 Jan 2026₹55.2t₹30.4t₹1.3t25.2x43.9x1.8x
Mon, 29 Dec 2025₹58.8t₹30.0t₹1.2t27.6x47.1x2x
Wed, 26 Nov 2025₹57.5t₹28.7t₹1.3t28x45.8x2x
Fri, 24 Oct 2025₹57.6t₹28.1t₹1.3t30.5x43.8x2.1x
Sun, 21 Sep 2025₹58.3t₹27.7t₹1.3t30.1x45.1x2.1x
Tue, 19 Aug 2025₹54.3t₹26.9t₹1.3t29.6x42.2x2x
Thu, 17 Jul 2025₹53.2t₹25.2t₹1.3t32.3x41.5x2.1x
Sat, 14 Jun 2025₹51.0t₹25.1t₹1.3t32.4x40x2x
Mon, 12 May 2025₹48.8t₹24.4t₹1.4t28.1x35.7x2x
Wed, 09 Apr 2025₹44.2t₹24.1t₹1.4t27.1x32.4x1.8x
Fri, 07 Mar 2025₹45.6t₹24.1t₹1.4t27.9x33.5x1.9x
Sun, 02 Feb 2025₹49.5t₹23.7t₹1.4t32x35.7x2.1x
Tue, 31 Dec 2024₹52.6t₹23.6t₹1.4t34.1x37.8x2.2x
Thu, 28 Nov 2024₹52.0t₹23.4t₹1.4t33.9x37.6x2.2x
Sat, 26 Oct 2024₹50.6t₹22.7t₹1.4t33.7x36.2x2.2x
Mon, 23 Sep 2024₹54.4t₹21.9t₹1.3t36.9x40.9x2.5x
Wed, 21 Aug 2024₹50.9t₹21.8t₹1.3t34.6x38.4x2.3x
Fri, 19 Jul 2024₹48.8t₹21.5t₹1.3t35.3x37.6x2.3x
Sun, 16 Jun 2024₹47.9t₹21.5t₹1.3t33.4x37x2.2x
Tue, 14 May 2024₹42.9t₹21.6t₹1.2t32.9x34.7x2x
Thu, 11 Apr 2024₹42.9t₹21.1t₹1.1t34x40.5x2x
Sat, 09 Mar 2024₹41.6t₹21.1t₹1.1t33.9x39.3x2x
Mon, 05 Feb 2024₹39.6t₹21.1t₹1.0t34.1x39x1.9x
Wed, 03 Jan 2024₹37.7t₹20.7t₹950.5b31.9x39.7x1.8x
Fri, 01 Dec 2023₹36.0t₹20.6t₹935.8b30.2x38.5x1.8x
Sun, 29 Oct 2023₹33.0t₹20.4t₹863.5b28.9x38.2x1.6x
Tue, 26 Sep 2023₹33.0t₹20.3t₹857.4b28.2x38.4x1.6x
Thu, 24 Aug 2023₹31.7t₹20.3t₹855.5b28.5x37.1x1.6x
Sat, 22 Jul 2023₹30.8t₹19.3t₹718.4b27.8x42.8x1.6x
Mon, 19 Jun 2023₹29.7t₹19.2t₹714.1b27.1x41.6x1.5x
Price to Earnings Ratio

41.6x


Total Market Cap: ₹29.7tTotal Earnings: ₹714.1bTotal Revenue: ₹19.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Consumer Discretionary Sector Price to Earnings3Y Average 40x202420252026
Current Industry PE
  • Investors are relatively neutral on the Indian Consumer Discretionary industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 40.0x.
  • The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have grown 21% per year over the last three years.
  • Revenues for these companies have grown 20% 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-2.13%
Consumer Discretionary-2.23%
Leisure9.89%
General Merchandise and Department Stores0.53%
Retail Distributors0.20%
Online Retail and Ecommerce0%0
Auto-0.85%
Consumer Services-1.19%
Consumer Durables-1.25%
Auto Components-2.20%
Specialty Stores-3.35%
Luxury-4.19%
Hospitality-4.31%
Industry PE
  • Investors are most optimistic about the Consumer Services industry which is trading above its 3-year average PE ratio of 26.6x.
    • Analysts are expecting annual earnings growth of 62.5%, which is higher than its past year's earnings growth of 23.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the General Merchandise and Department Stores industry, expecting annual earnings growth of 64% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Auto industry is expected to see its earnings grow by 16% 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
MARUTI Maruti Suzuki India₹13.37k2.4%
+₹99.4b		7.7%PE28.6x
505200 Eicher Motors₹7.31k3.4%
+₹66.4b		37.3%PE36.4x
HYUNDAI Hyundai Motor India₹1.99k4.0%
+₹62.2b		2.5%PE29.8x
500530 Bosch₹39.05k4.9%
+₹53.4b		23.6%PE41.5x
NYKAA FSN E-Commerce Ventures₹273.504.3%
+₹32.1b		40.5%PE392.6x

Latest News

500570
₹389.40
Tata Motors Passenger Vehicles
7D
-2.1%
1Y
-45.3%
500530
₹39,054.10
Bosch
7D
4.9%
1Y
23.6%
500182
₹4,963.05
Hero MotoCorp
7D
2.6%
1Y
14.6%
Narrative Update • Jun 10

500182: Final Dividend And Leadership Continuity Will Support Positive Outlook

Analysts have trimmed their fair value estimate for Hero MotoCorp from ₹6,106.17 to ₹5,931.89 as they now apply slightly lower revenue growth, profit margin and future P/E assumptions, along with a modestly reduced discount rate. What's in the News A board meeting is scheduled for May 5, 2026, at 15:00 Indian Standard Time to review the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.
505200
₹7,310.75
Eicher Motors
7D
3.4%
1Y
37.3%
Narrative Update • Jun 09

505200: Joint Financing Venture And New Model Launches Will Support Balanced Outlook

Analysts have inched up their fair value estimate for Eicher Motors from about ₹7,802 to roughly ₹7,824, citing slightly adjusted assumptions around discount rate, profit margin and forward P/E as the key drivers of the revised price target. What's in the News At its May 22, 2026 meeting, the board of Eicher Motors recommended a final dividend of ₹82 per equity share of face value ₹1 for the year ended March 31, 2026, subject to shareholder approval at the 44th Annual General Meeting.
500114
₹4,187.05
Titan
7D
-1.7%
1Y
22.3%
CARTRADE
₹2,345.30
CarTrade Tech
7D
19.8%
1Y
43.2%
BAJAJ-AUTO
₹10,063.00
Bajaj Auto
7D
-2.7%
1Y
18.9%
Narrative Update • Jun 07

BAJAJ-AUTO: Buyback And Dividend Actions Will Support Balanced Long Term Outlook

Analysts have raised their price target for Bajaj Auto from ₹10,124.58 to ₹10,795.10, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the reasons for this revision. What's in the News The Board of Directors has scheduled a meeting on May 6, 2026, to consider audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, a dividend recommendation on equity shares, and the formation of a buyback committee with an equity share buyback proposal of up to ₹5,632.8 crore, as per the agenda.
LENSKART
₹494.10
Lenskart Solutions
7D
-2.4%
1Y
n/a
MARUTI
₹13,366.00
Maruti Suzuki India
7D
2.4%
1Y
7.7%
Narrative Update • Jun 05

MARUTI: Gujarat Capacity Addition And Land Purchase Will Support Long Term Upside

Analysts have trimmed their 12 month fair value estimate for Maruti Suzuki India from ₹16,589.75 to ₹15,840.13, citing updated assumptions for revenue growth, profit margins, the discount rate and future P/E expectations. What's in the News A board meeting is scheduled for March 24, 2026, to consider acquiring land at Khoraj Industrial Estate from Gujarat Industrial Development Corporation and to review the addition of a first phase of production capacity at that site.
500850
₹679.85
Indian Hotels
7D
3.4%
1Y
-7.3%
Narrative Update • Jun 04

500850: Loyalty Partnership And Dividend Will Support Future Repricing Potential

Analysts have trimmed their price target on Indian Hotels to about ₹794 from roughly ₹804. This change reflects updated assumptions for growth, margins and the stock's future P/E multiple.
502355
₹2,012.55
Balkrishna Industries
7D
-6.1%
1Y
-18.3%
Narrative Update • Jun 02

502355: Board Dividend Decision And Stable Fair Value Will Shape Measured Outlook

Analysts have maintained the fair value estimate for Balkrishna Industries at ₹2,302.47 per share, with only minor adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions. These small changes result in a largely unchanged price target narrative.
532343
₹3,319.10
TVS Motor
7D
-1.9%
1Y
21.1%
Narrative Update • Jun 01

532343: High EV Ambitions And Rich P/E Will Likely Restrain Future Returns

Analysts have nudged their fair value estimate for TVS Motor higher from ₹2,828 to ₹2,901, reflecting updated views on discount rates, revenue expectations, profit margins and future P/E assumptions. What's in the News Hyundai Motor and TVS Motor signed a Joint Development Agreement to co-develop electric three wheelers for India's last mile mobility market, with Hyundai leading design and TVS Motor focusing on its electric platform, local manufacturing and sales.
ETERNAL
₹243.80
Eternal
7D
-5.0%
1Y
-2.1%
Narrative Update • Jun 01

ETERNAL: Upcoming Asset Transfer Will Support Long Term Profitability Upside

Analysts have trimmed Eternal's price target from ₹377.87 to ₹346.66 as updated assumptions include lower revenue growth, slightly softer profit margins, a reduced discount rate and a more moderate future P/E of 87.31 versus 111.12 earlier. What's in the News Eternal has scheduled a board meeting for Apr 28, 2026, at 14:00 Indian Standard Time.
HYUNDAI
₹1,990.10
Hyundai Motor India
7D
4.0%
1Y
2.5%
NYKAA
₹273.50
FSN E-Commerce Ventures
7D
4.3%
1Y
40.5%
Analysis Article • May 29

FSN E-Commerce Ventures' (NSE:NYKAA) Performance Is Even Better Than Its Earnings Suggest

The subdued stock price reaction suggests that FSN E-Commerce Ventures Limited's ( NSE:NYKAA ) strong earnings didn't...
KALYANKJIL
₹344.75
Kalyan Jewellers India
7D
-7.3%
1Y
-33.6%
Analysis Article • May 26

Here's Why Kalyan Jewellers India (NSE:KALYANKJIL) Has Caught The Eye Of Investors

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...