Narrative Update • Jul 09
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Indian (NIFTY) General Merchandise and Department Stores Industry Analysis
UpdatedJul 11, 2026
DataAggregated Company Financials
Companies10
- 7D1.6%
- 3M12.7%
- 1Y-15.3%
- YTD-1.9%
Over the last 7 days, the General Merchandise and Department Stores industry has dropped 1.8%, driven by a pullback from Vishal Mega Mart of 1.5%. However, the industry is down 16% over the past year. Earnings are forecast to grow by 52% annually.
Industry Valuation and Performance
Has the Indian General Merchandise and Department Stores Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 11 Jul 2026 | ₹1.6t | ₹429.0b | -₹5,568,262,307.00 | 54.2x | -288.7x | 3.7x |
| Mon, 08 Jun 2026 | ₹1.5t | ₹429.1b | -₹5,568,262,307.00 | 52.3x | -265x | 3.4x |
| Wed, 06 May 2026 | ₹1.6t | ₹352.8b | -₹20,428,488,807.00 | 50.6x | -79.7x | 4.6x |
| Fri, 03 Apr 2026 | ₹1.3t | ₹352.8b | -₹20,418,965,500.00 | 44.4x | -61.8x | 3.6x |
| Sun, 01 Mar 2026 | ₹1.4t | ₹352.7b | -₹20,439,375,307.00 | 39.6x | -66.9x | 3.9x |
| Tue, 27 Jan 2026 | ₹1.5t | ₹337.6b | -₹16,508,910,307.00 | 46.5x | -88.1x | 4.3x |
| Thu, 25 Dec 2025 | ₹1.7t | ₹385.3b | -₹16,508,855,307.00 | 59.7x | -103.3x | 4.4x |
| Sat, 22 Nov 2025 | ₹795.7b | ₹278.7b | ₹4.8b | 55.2x | 166.2x | 2.9x |
| Mon, 20 Oct 2025 | ₹902.5b | ₹274.4b | ₹5.4b | 100.8x | 168.2x | 3.3x |
| Wed, 17 Sep 2025 | ₹852.1b | ₹221.3b | ₹5.2b | 87.3x | 165x | 3.8x |
| Fri, 15 Aug 2025 | ₹824.7b | ₹221.3b | ₹5.2b | 87.5x | 159.8x | 3.7x |
| Sun, 13 Jul 2025 | ₹842.6b | ₹262.8b | ₹8.0b | 105.5x | 105.6x | 3.2x |
| Tue, 10 Jun 2025 | ₹816.8b | ₹262.8b | ₹8.0b | 96.3x | 102.2x | 3.1x |
| Thu, 08 May 2025 | ₹737.3b | ₹258.2b | ₹10.7b | 52.4x | 68.6x | 2.9x |
| Sat, 05 Apr 2025 | ₹618.7b | ₹206.0b | ₹9.5b | 18.7x | 65x | 3x |
| Mon, 03 Mar 2025 | ₹587.0b | ₹206.0b | ₹9.5b | 27.7x | 61.7x | 2.9x |
| Wed, 29 Jan 2025 | ₹620.5b | ₹200.6b | ₹12.1b | 33.1x | 51.4x | 3.1x |
| Fri, 27 Dec 2024 | ₹747.4b | ₹245.1b | ₹12.3b | 40.3x | 61x | 3x |
| Sun, 24 Nov 2024 | ₹258.7b | ₹148.0b | ₹7.0b | 30.7x | 36.7x | 1.7x |
| Tue, 22 Oct 2024 | ₹300.7b | ₹146.7b | ₹11.0b | 43.5x | 27.4x | 2x |
| Thu, 19 Sep 2024 | ₹308.5b | ₹146.7b | ₹11.0b | 47.9x | 28.1x | 2.1x |
| Sat, 17 Aug 2024 | ₹296.3b | ₹146.7b | ₹11.0b | 48.8x | 27x | 2x |
| Mon, 15 Jul 2024 | ₹296.7b | ₹134.6b | ₹4.3b | 47.4x | 69.6x | 2.2x |
| Wed, 12 Jun 2024 | ₹270.6b | ₹134.5b | ₹4.2b | 65.3x | 64x | 2x |
| Fri, 10 May 2024 | ₹249.8b | ₹131.6b | ₹3.7b | 64.3x | 68.2x | 1.9x |
| Sun, 07 Apr 2024 | ₹178.5b | ₹88.4b | ₹2.9b | 28.6x | 61.7x | 2x |
| Tue, 05 Mar 2024 | ₹181.8b | ₹88.4b | ₹2.9b | 30.5x | 62.8x | 2.1x |
| Thu, 01 Feb 2024 | ₹202.5b | ₹82.2b | ₹574.3m | 82.4x | 352.6x | 2.5x |
| Sat, 30 Dec 2023 | ₹244.9b | ₹123.2b | ₹1.5b | 76x | 161.5x | 2x |
| Mon, 27 Nov 2023 | ₹241.0b | ₹123.0b | ₹1.5b | 72.9x | 160.6x | 2x |
| Wed, 25 Oct 2023 | ₹199.8b | ₹120.3b | ₹1.7b | 63.9x | 120.8x | 1.7x |
| Fri, 22 Sep 2023 | ₹142.2b | ₹79.3b | ₹711.6m | 47.7x | 199.9x | 1.8x |
| Sun, 20 Aug 2023 | ₹131.6b | ₹79.3b | ₹711.1m | 40.6x | 185.1x | 1.7x |
| Tue, 18 Jul 2023 | ₹208.8b | ₹112.7b | -₹1,664,253,600.00 | 50.1x | -125.5x | 1.9x |
Price to Earnings Ratio
-125.5x
Current Industry PE
- Investors are optimistic on the Indian Multiline Retail industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Multiline Retail industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 56% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Trends
Which industries have driven the changes within the Indian Consumer Discretionary industry?
| IN Market | 0.26% | |
| Consumer Discretionary | 0.42% | |
| General Merchandise and Department Stores | 1.59% | |
| Broadline Retail | 1.59% | |
| Department Stores | 0% | 0 |
| General Merchandise Stores | 0% | 0 |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Broadline Retail industry, expecting annual earnings growth of 52% over the next 5 years.
- However this is lower than its past earnings growth rate of 80% per year.
- In contrast, the Broadline Retail industry is expected to see its earnings grow by 52% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MEESHO Meesho | ₹194.11 | 4.0% +₹34.1b | n/a | PS7.1x | |
| SHOPERSTOP Shoppers Stop | ₹365.25 | 3.0% +₹1.2b | -28.6% | PS0.8x | |
| 534597 RattanIndia Enterprises | ₹33.56 | 0.03% +₹13.8m | -48.0% | PS0.6x | |
| 538765 JLA Infraville Shoppers | ₹3.19 | 0.6% +₹129.8k | -60.1% | PS3.3x |
