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Indian (NIFTY) Consumer Discretionary Sector Analysis

UpdatedMar 12, 2026
DataAggregated Company Financials
Companies932
  • 7D-2.4%
  • 3M-8.9%
  • 1Y6.8%
  • YTD-10.3%

Over the last 7 days, the Consumer Discretionary industry has dropped 2.4%, driven by Maruti Suzuki India declining 9.7%. In contrast, Dixon Technologies (India) has gained 5.7%. In the past year, the industry has gained 6.8%. As for the next few years, earnings are expected to grow by 23% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Mar 2026₹53.3t₹32.2t₹1.2t22.9x43.2x1.7x
Sat, 07 Feb 2026₹57.0t₹30.4t₹1.2t25.3x47.8x1.9x
Mon, 05 Jan 2026₹59.8t₹30.1t₹1.2t27.8x47.9x2x
Wed, 03 Dec 2025₹58.1t₹29.8t₹1.3t27.9x46.2x1.9x
Fri, 31 Oct 2025₹57.3t₹28.2t₹1.3t30.8x43.3x2x
Sun, 28 Sep 2025₹56.1t₹27.7t₹1.3t29.9x43.4x2x
Tue, 26 Aug 2025₹55.4t₹26.9t₹1.3t29.9x43.1x2.1x
Thu, 24 Jul 2025₹53.6t₹25.3t₹1.3t32.5x41.8x2.1x
Sat, 21 Jun 2025₹51.3t₹25.2t₹1.3t31.7x40.1x2x
Mon, 19 May 2025₹51.9t₹24.9t₹1.3t29.6x40.8x2.1x
Wed, 16 Apr 2025₹46.4t₹24.1t₹1.4t28.2x34.1x1.9x
Fri, 14 Mar 2025₹44.4t₹24.1t₹1.4t26.7x32.6x1.8x
Sun, 09 Feb 2025₹50.3t₹24.0t₹1.4t31.5x37x2.1x
Tue, 07 Jan 2025₹53.2t₹23.6t₹1.4t33.9x38.2x2.3x
Thu, 05 Dec 2024₹52.9t₹23.4t₹1.4t34.6x38.3x2.3x
Sat, 02 Nov 2024₹51.1t₹22.8t₹1.4t35.5x36.7x2.2x
Mon, 30 Sep 2024₹55.5t₹21.9t₹1.3t36.8x41.7x2.5x
Wed, 28 Aug 2024₹52.1t₹21.8t₹1.3t36.4x39.2x2.4x
Fri, 26 Jul 2024₹49.1t₹21.5t₹1.3t35.1x37.8x2.3x
Sun, 23 Jun 2024₹47.6t₹21.5t₹1.3t32.9x36.8x2.2x
Tue, 21 May 2024₹44.4t₹21.7t₹1.2t33x35.6x2x
Thu, 18 Apr 2024₹42.3t₹21.1t₹1.1t33.5x39.9x2x
Sat, 16 Mar 2024₹39.9t₹21.0t₹1.1t31.8x37.7x1.9x
Mon, 12 Feb 2024₹39.9t₹21.2t₹1.1t34.5x37.9x1.9x
Wed, 10 Jan 2024₹38.4t₹20.7t₹950.6b33x40.4x1.9x
Fri, 08 Dec 2023₹36.7t₹20.6t₹932.6b31.7x39.3x1.8x
Sun, 05 Nov 2023₹33.3t₹20.8t₹923.6b29.2x36.1x1.6x
Tue, 03 Oct 2023₹33.0t₹20.4t₹857.3b28.5x38.5x1.6x
Thu, 31 Aug 2023₹32.1t₹20.3t₹856.5b28.7x37.5x1.6x
Sat, 29 Jul 2023₹30.8t₹19.6t₹806.0b28.6x38.3x1.6x
Mon, 26 Jun 2023₹29.4t₹19.2t₹714.1b27.9x41.2x1.5x
Wed, 24 May 2023₹27.8t₹18.8t₹721.4b23.9x38.5x1.5x
Fri, 21 Apr 2023₹26.0t₹18.2t₹637.6b23x40.8x1.4x
Sun, 19 Mar 2023₹24.7t₹18.2t₹633.2b21.2x39x1.4x
Price to Earnings Ratio

39x


Total Market Cap: ₹24.7tTotal Earnings: ₹633.2bTotal Revenue: ₹18.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Consumer Discretionary Sector Price to Earnings3Y Average 39.6x202420252026
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 43.2x which is higher than its 3-year average PE of 39.6x.
  • The 3-year average PS ratio of 1.9x 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 25% per year over the last three years.
  • Revenues for these companies have grown 21% 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-1.20%
Consumer Discretionary-2.42%
Consumer Services1.95%
Consumer Durables1.92%
Leisure0.86%
Online Retail and Ecommerce0%0
Luxury-1.40%
Retail Distributors-1.50%
Auto Components-1.71%
Specialty Stores-2.41%
Auto-3.52%
Hospitality-3.61%
General Merchandise and Department Stores-5.01%
Industry PE
  • Investors are most optimistic about the Consumer Services industry which is trading above its 3-year average PE ratio of 5.2x.
    • Analysts are expecting annual earnings growth of 82.5%, which is higher than its past year's earnings growth of 2.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Services industry, expecting annual earnings growth of 83% over the next 5 years.
  • This is better than its past earnings growth rate of 2.4% per year.
  • In contrast, the Auto industry is expected to see its earnings grow by 13% 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
DIXON Dixon Technologies (India)₹10.80k5.7%
+₹35.2b		-18.9%PE41.5x
KPRMILL K.P.R. Mill₹909.408.6%
+₹24.5b		1.3%PE36.8x
500878 CEAT₹3.82k12.0%
+₹16.6b		44.6%PE27.9x
517506 TTK Prestige₹579.7520.1%
+₹13.3b		-3.4%PE95.5x
BLUESTONE BlueStone Jewellery and Lifestyle₹518.0015.6%
+₹10.6b		n/aPS3.5x

Latest News

MARUTI
₹13,011.00
Maruti Suzuki India
7D
-9.7%
1Y
13.0%

MARUTI: New Gujarat Facility Will Support Long Term Export-Focused Upside

Analysts have trimmed their price target on Maruti Suzuki India by ₹65 to ₹17,484, reflecting slightly higher assumed discount rates and valuation multiples that remain broadly consistent with earlier expectations. What's in the News Maruti Suzuki plans a new manufacturing facility in Khoraj, Gujarat, with an investment of ₹3,50,000 million, a targeted annual capacity of 1 million vehicles and around 12,000 potential jobs on 1,750 acres allotted by GIDC, positioned as part of the "Make in India, Made for the World" push (Key Developments).
DIXON
₹10,803.00
Dixon Technologies (India)
7D
5.7%
1Y
-18.9%
500878
₹3,819.45
CEAT
7D
12.0%
1Y
44.6%

500878: Renewable Power Investments Will Support A More Positive Outlook

Analysts have nudged their price target on CEAT higher from about ₹4,217 to around ₹4,314. This reflects updated views that slightly adjust discount rate, revenue growth, profit margin expectations, and future P/E assumptions.
M&M
₹3,031.20
Mahindra & Mahindra
7D
-9.5%
1Y
14.7%

M&M: New Maharashtra Mega Facility Will Define Next Phase Of Upside Potential

Analysts have adjusted their price target on Mahindra & Mahindra slightly lower, from ₹4,320.29 to ₹4,314.29, reflecting updated assumptions around the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News Mahindra Group plans to set up its largest integrated automobile and tractor manufacturing facility in Nagpur, Maharashtra, across 1,500 acres, with a 150 acre supplier park in Sambhajinagar and a planned capacity of over 5 million vehicles and 1 million tractors annually, supported by a ₹15,000 million investment over 10 years in Maharashtra (Key Developments).
505200
₹6,974.90
Eicher Motors
7D
-10.0%
1Y
39.2%

505200: Refined Assumptions Will Guide Outlook Ahead Of Upcoming Q3 Results

Analysts now place Eicher Motors' fair value at ₹7,854.79, up slightly from ₹7,739.51. This reflects modest tweaks to assumptions around discount rate, revenue growth, profit margins and future P/E expectations.
500114
₹4,126.95
Titan
7D
-3.5%
1Y
37.1%

500114: Upcoming Leadership Decisions At Shareholder Meetings Will Support Stronger Future Return Expectations

Analysts have inched up their fair value estimate for Titan from about ₹4,788 to roughly ₹4,806. This reflects slightly lower discount rate assumptions while keeping revenue growth, profit margin and future P/E expectations broadly unchanged.
ETERNAL
₹221.17
Eternal
7D
-7.9%
1Y
9.8%

ETERNAL: OpenAI Partnership And Leadership Change Will Shape Upside Case

Analysts have trimmed their fair value estimate for Eternal slightly from ₹504.86 to ₹500.92, reflecting small adjustments to their discount rate, revenue growth expectations, profit margin assumptions and future P/E outlook. What's in the News Eternal and OpenAI entered into a collaboration to advance AI capabilities across Eternal platforms such as Zomato, Blinkit, District, Hyperpure and its AI native venture Nugget, covering customer apps, partner platforms and internal systems (Key Developments).
532343
₹3,421.05
TVS Motor
7D
-10.4%
1Y
52.1%

532343: Broader Global Offerings And CNG Expansion Will Support Long Term Outlook

Analysts have trimmed their price target on TVS Motor from ₹4,650 to ₹4,500. This reflects updated assumptions for slightly lower revenue growth, profit margins and future P/E, along with a marginally reduced discount rate.
BAJAJ-AUTO
₹9,162.00
Bajaj Auto
7D
-6.6%
1Y
22.1%

BAJAJ-AUTO: Electric Three Wheeler Launch And Steady Outlook Will Shape Expectations

Analysts have made a modest adjustment to their view on Bajaj Auto, trimming the price target slightly to ₹10,153.85 following small changes to the discount rate, long term revenue growth, profit margin assumptions and future P/E expectations in their models. What's in the News Bajaj Auto announced the launch of the Bajaj WEGO P9018, an electric three wheeler positioned as India's biggest in its category, aimed at customers across urban, semi urban and rural markets (Key Developments).
URBANCO
₹114.40
Urban
7D
5.8%
1Y
n/a
KPRMILL
₹909.40
K.P.R. Mill
7D
8.6%
1Y
1.3%
517506
₹579.75
TTK Prestige
7D
20.1%
1Y
-3.4%
500023
₹304.10
Asian Hotels (North)
7D
-0.8%
1Y
-17.8%
HYUNDAI
₹1,994.70
Hyundai Motor India
7D
-6.5%
1Y
21.3%

Hyundai Motor India Limited Just Missed Earnings - But Analysts Have Updated Their Models

Feb 05
Hyundai Motor India Limited Just Missed Earnings - But Analysts Have Updated Their Models
ATHERENERG
₹710.55
Ather Energy
7D
3.8%
1Y
n/a
BLUESTONE
₹518.00
BlueStone Jewellery and Lifestyle
7D
15.6%
1Y
n/a