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Indian (NIFTY) Consumer Discretionary Sector Analysis

UpdatedApr 27, 2026
DataAggregated Company Financials
Companies921
  • 7D-1.6%
  • 3M0.6%
  • 1Y3.6%
  • YTD-7.1%

Over the last 7 days, the Consumer Discretionary industry has dropped 1.6%, driven by a pullback from Mahindra & Mahindra of 3.7%. In contrast, Meesho has gained 10%. This takes the industry's 12 month performance to a gain of 3.6%. 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
Mon, 27 Apr 2026₹55.1t₹32.3t₹1.2t23.7x44.7x1.7x
Wed, 25 Mar 2026₹50.9t₹32.2t₹1.2t21.4x41.3x1.6x
Fri, 20 Feb 2026₹57.1t₹32.2t₹1.2t24.9x46.4x1.8x
Sun, 18 Jan 2026₹57.3t₹30.1t₹1.3t26.3x45.8x1.9x
Tue, 16 Dec 2025₹58.5t₹30.0t₹1.2t27.5x46.9x1.9x
Thu, 13 Nov 2025₹57.6t₹28.7t₹1.4t31x42.6x2x
Sat, 11 Oct 2025₹56.9t₹27.7t₹1.3t29.8x44x2.1x
Mon, 08 Sep 2025₹56.9t₹26.9t₹1.3t29.6x44.2x2.1x
Wed, 06 Aug 2025₹52.8t₹25.7t₹1.3t30.7x40.5x2.1x
Fri, 04 Jul 2025₹52.9t₹25.2t₹1.3t32x41.4x2.1x
Sun, 01 Jun 2025₹51.1t₹25.1t₹1.3t31.1x40.3x2x
Tue, 29 Apr 2025₹49.1t₹24.2t₹1.4t29.1x36x2x
Thu, 27 Mar 2025₹46.4t₹24.1t₹1.4t27.4x34x1.9x
Sat, 22 Feb 2025₹46.5t₹24.1t₹1.4t27.8x34.1x1.9x
Mon, 20 Jan 2025₹51.0t₹23.5t₹1.4t34.5x36.6x2.2x
Wed, 18 Dec 2024₹54.1t₹23.5t₹1.4t35.5x39x2.3x
Fri, 15 Nov 2024₹49.9t₹23.1t₹1.4t33.3x36.3x2.2x
Sun, 13 Oct 2024₹54.0t₹21.9t₹1.3t36.3x40.5x2.5x
Tue, 10 Sep 2024₹52.2t₹21.8t₹1.3t35.8x39.2x2.4x
Thu, 08 Aug 2024₹48.8t₹21.8t₹1.3t35.8x36.5x2.2x
Sat, 06 Jul 2024₹48.9t₹21.5t₹1.3t35.1x37.7x2.3x
Mon, 03 Jun 2024₹43.9t₹21.8t₹1.3t31.3x34.4x2x
Wed, 01 May 2024₹43.6t₹21.3t₹1.1t34.5x40.2x2.1x
Fri, 29 Mar 2024₹41.8t₹21.1t₹1.1t31.5x39.5x2x
Sun, 25 Feb 2024₹41.3t₹21.1t₹1.1t35x39x2x
Tue, 23 Jan 2024₹38.7t₹20.6t₹948.1b34.2x40.8x1.9x
Thu, 21 Dec 2023₹36.2t₹20.6t₹949.1b31.4x38.1x1.8x
Sat, 18 Nov 2023₹35.0t₹20.6t₹934.5b30.7x37.5x1.7x
Mon, 16 Oct 2023₹33.7t₹20.4t₹857.6b29.2x39.2x1.7x
Wed, 13 Sep 2023₹32.7t₹20.3t₹857.3b28.2x38.2x1.6x
Fri, 11 Aug 2023₹31.1t₹19.8t₹846.9b28.2x36.7x1.6x
Sun, 09 Jul 2023₹30.6t₹19.2t₹714.1b29x42.8x1.6x
Tue, 06 Jun 2023₹28.9t₹19.2t₹713.0b27.6x40.6x1.5x
Thu, 04 May 2023₹26.8t₹18.4t₹652.9b23.8x41.1x1.5x
Price to Earnings Ratio

41.1x


Total Market Cap: ₹26.8tTotal Earnings: ₹652.9bTotal Revenue: ₹18.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Consumer Discretionary Sector Price to Earnings3Y Average 39.8x202420252026
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 44.7x which is higher than its 3-year average PE of 39.8x.
  • 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 24% 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-0.91%
Consumer Discretionary-1.58%
General Merchandise and Department Stores6.85%
Consumer Services1.59%
Leisure0.41%
Specialty Stores0.26%
Hospitality0.12%
Online Retail and Ecommerce0%0
Retail Distributors-0.77%
Auto Components-0.94%
Consumer Durables-1.29%
Luxury-1.98%
Auto-3.74%
Industry PE
  • Investors are most optimistic about the Consumer Services industry which is trading above its 3-year average PE ratio of 14.9x.
    • Analysts are expecting annual earnings growth of 91.6%, 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 92% 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 14% 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
MEESHO Meesho₹179.5910.5%
+₹77.8b		n/aPS7.1x
517334 Samvardhana Motherson International₹127.853.8%
+₹49.1b		42.1%PE39.5x
505790 Schaeffler India₹4.35k6.5%
+₹41.8b		32.3%PE59.1x
VMM Vishal Mega Mart₹125.716.0%
+₹33.2b		16.9%PE74.7x
TIINDIA Tube Investments of India₹2.99k4.2%
+₹23.5b		13.3%PE96.9x

Latest News

BAJAJ-AUTO
₹9,662.00
Bajaj Auto
7D
-1.4%
1Y
19.3%

BAJAJ-AUTO: Electric Three Wheeler Launch Will Support Balanced Long Term Outlook

Analysts have nudged their price target on Bajaj Auto slightly higher to ₹10,124.58 from ₹10,066.82. This reflects small adjustments to discount rate, revenue growth, profit margin and future P/E assumptions.
SANSERA
₹2,602.40
Sansera Engineering
7D
14.4%
1Y
135.5%

SANSERA: Joint Venture Plans And Fine Tuned Assumptions Will Guide Future Returns

Analysts have inched up their fair value estimate for Sansera Engineering from about ₹2,285 to roughly ₹2,301, supported by slightly higher assumed profit margins and a marginally richer future P/E multiple, even as revenue growth and the discount rate assumptions have been fine tuned. What's in the News Sansera Engineering plans a board meeting on Jan 29, 2026 to consider and approve execution of a joint venture agreement with Nichidai Corporation and the incorporation of a new joint venture company in Bangalore to undertake the proposed business (company filing).
500114
₹4,442.85
Titan
7D
-1.6%
1Y
31.9%

500114: Postal Ballot Meeting And Margin Outlook Will Support Future Returns

Analysts have adjusted their price target on Titan to ₹4,886 from ₹4,802. This reflects updated views on slightly lower revenue growth assumptions, a modestly higher discount rate and P/E, and a somewhat higher profit margin outlook.
500182
₹5,046.15
Hero MotoCorp
7D
-4.5%
1Y
28.9%
505790
₹4,353.15
Schaeffler India
7D
6.5%
1Y
32.3%

505790: Dividend Timeline And Board Appointments Will Support A Positive Outlook

Analysts have trimmed their price target for Schaeffler India slightly to ₹4,744 from ₹4,787, reflecting updated assumptions on the discount rate and forward P/E, while keeping revenue growth and profit margin expectations essentially unchanged. What's in the News A board meeting is scheduled on Apr 29, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter ended Mar 31, 2026 (company filing).
500086
₹352.35
Exide Industries
7D
6.9%
1Y
-6.7%

500086: Higher Margin Outlook And Conservative P E Assumptions Will Support Upside

Analysts have trimmed their price target on Exide Industries by ₹20, reducing it from ₹460 to ₹440, citing updated assumptions for discount rate, long term revenue growth, profit margins and a slightly lower future P/E multiple. Valuation Changes Fair Value: Price target revised from ₹460 to ₹440, a reduction of ₹20.
HYUNDAI
₹1,837.60
Hyundai Motor India
7D
-2.6%
1Y
10.6%

SUV Mix And Export Reliance Will Shape A Steady But Constrained Future

Catalysts About Hyundai Motor India Hyundai Motor India manufactures and sells passenger vehicles in India and exports cars to multiple emerging markets. What are the underlying business or industry changes driving this perspective?
517334
₹127.85
Samvardhana Motherson International
7D
3.8%
1Y
42.1%

517334: Dividend And Dubai Joint Venture Will Shape A Steady Outlook

Analysts have adjusted their price target on Samvardhana Motherson International slightly higher to ₹110.04 from ₹109.25, reflecting updated assumptions around revenue growth, profit margins and the future P/E multiple. What's in the News The board approved an interim dividend of ₹0.35 per equity share with a face value of ₹1 for the 2025-26 financial year, with a record date of March 27, 2026 (board meeting and dividend announcement).
532343
₹3,553.20
TVS Motor
7D
-5.6%
1Y
26.7%

532343: EV And International Expansion Will Support Steady Long Term Prospects

Analysts have nudged their price target on TVS Motor slightly lower from about ₹3,960 to roughly ₹3,920, reflecting updated assumptions around the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Launched the TVS Armado 200 three wheeler in Indonesia, targeting commercial and logistics use with an 840 kg payload capacity, a 197.75 cc oil cooled engine, and introductory pricing of IDR 34,900,000 during the launch period (Key Developments).
MARUTI
₹13,222.00
Maruti Suzuki India
7D
-1.7%
1Y
11.6%

MARUTI: Gujarat Capacity Buildout And Export Ramp Will Support Long Term Upside

Analysts have trimmed their price target for Maruti Suzuki India from about ₹17,235 to roughly ₹16,744, reflecting slightly adjusted assumptions on discount rate, revenue growth, profit margin and future P/E expectations. What's in the News A board meeting is scheduled on April 28, 2026 to consider and approve audited financial results for the year ended March 31, 2026, and to consider and recommend any dividend on equity shares for FY 2025-26 (company filing).
M&M
₹3,102.40
Mahindra & Mahindra
7D
-3.7%
1Y
5.9%

M&M: Maharashtra Capacity Buildout Will Define Next Phase Of Upside Potential

Analysts have trimmed their price target on Mahindra & Mahindra to about ₹4,199 from roughly ₹4,312. This reflects slightly adjusted assumptions around discount rate, revenue growth, profit margins and future P/E multiples.
TIINDIA
₹2,994.40
Tube Investments of India
7D
4.2%
1Y
13.3%

TIINDIA: Interim Dividend Decision And Director Reappointments Will Support Future Share Strength

Analysts have kept the fair value estimate for Tube Investments of India steady at ₹3,175, citing only marginal adjustments to the discount rate, revenue growth, and profit margin assumptions as the main factors behind their latest price target review. Analyst Commentary Analysts reviewing Tube Investments of India are broadly aligned on a steady fair value framework around ₹3,175, with only marginal tweaks to key inputs such as the discount rate, revenue growth, and profit margin assumptions.
ATHERENERG
₹941.20
Ather Energy
7D
5.8%
1Y
n/a
MEESHO
₹179.59
Meesho
7D
10.5%
1Y
n/a

Rural Expansion And Advertising Scale Will Transform Long Term Profitability

Catalysts About Meesho Meesho operates an online marketplace in India that connects buyers with a broad base of small and medium sellers across categories like apparel, home and kitchen, beauty and personal care, and grocery. What are the underlying business or industry changes driving this perspective?
VMM
₹125.71
Vishal Mega Mart
7D
6.0%
1Y
16.9%
MRF
₹132,205.00
MRF
7D
-5.0%
1Y
1.5%

Analyst Estimates: Here's What Brokers Think Of MRF Limited (NSE:MRF) After Its Third-Quarter Report

Feb 10
Analyst Estimates: Here's What Brokers Think Of MRF Limited (NSE:MRF) After Its Third-Quarter Report