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Indian (NIFTY) General Merchandise and Department Stores Industry Analysis

UpdatedJan 07, 2026
DataAggregated Company Financials
Companies10
  • 7D-2.1%
  • 3M-14.1%
  • 1Y-2.4%
  • YTD-1.1%

Over the last 7 days, the General Merchandise and Department Stores industry has dropped 3.0%, driven by pullbacks in Meesho and Vishal Mega Mart of 2.1% and 2.6%, respectively. Over the past 12 months, the industry was up 6.4%. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

Has the Indian General Merchandise and Department Stores Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Jan 2026₹1.6t₹385.3b-₹16,508,855,307.0055.9x-97.2x4.2x
Fri, 05 Dec 2025₹803.3b₹278.7b₹4.8b54.5x167.8x2.9x
Sun, 02 Nov 2025₹884.1b₹274.5b₹5.4b97.2x164.1x3.2x
Tue, 30 Sep 2025₹826.3b₹225.4b₹5.2b83.5x160x3.7x
Thu, 28 Aug 2025₹866.5b₹221.3b₹5.2b87.3x167.8x3.9x
Sat, 26 Jul 2025₹808.4b₹217.5b₹8.1b94.2x100x3.7x
Mon, 23 Jun 2025₹822.8b₹262.8b₹8.0b96.7x103x3.1x
Wed, 21 May 2025₹768.3b₹258.2b₹10.7b54.2x71.5x3x
Fri, 18 Apr 2025₹637.7b₹206.0b₹9.5b18.5x67x3.1x
Sun, 16 Mar 2025₹581.1b₹206.0b₹9.5b25x61.1x2.8x
Tue, 11 Feb 2025₹664.7b₹205.9b₹9.5b33.2x69.9x3.2x
Thu, 09 Jan 2025₹772.3b₹245.1b₹12.3b51.3x63x3.2x
Sat, 07 Dec 2024₹279.6b₹148.0b₹7.0b27.6x39.7x1.9x
Mon, 04 Nov 2024₹297.1b₹148.7b₹10.8b42.2x27.4x2x
Wed, 02 Oct 2024₹327.4b₹146.7b₹11.0b46.5x29.8x2.2x
Fri, 30 Aug 2024₹294.5b₹146.7b₹11.0b50.3x26.8x2x
Sun, 28 Jul 2024₹288.5b₹135.6b₹3.9b45.1x73.8x2.1x
Tue, 25 Jun 2024₹287.1b₹134.8b₹4.3b48.6x67.4x2.1x
Thu, 23 May 2024₹266.0b₹132.7b₹3.7b69.4x72.7x2x
Sat, 20 Apr 2024₹171.2b₹88.4b₹2.9b27.2x59.2x1.9x
Mon, 18 Mar 2024₹160.7b₹88.4b₹2.9b26.4x55.6x1.8x
Wed, 14 Feb 2024₹186.6b₹88.4b₹2.9b30.7x64.6x2.1x
Fri, 12 Jan 2024₹257.8b₹123.2b₹1.5b80.3x170x2.1x
Sun, 10 Dec 2023₹245.1b₹123.2b₹1.5b78.3x161.6x2x
Tue, 07 Nov 2023₹208.2b₹120.3b₹1.7b74.6x125.9x1.7x
Thu, 05 Oct 2023₹138.2b₹79.3b₹711.6m45.8x194.2x1.7x
Sat, 02 Sep 2023₹147.6b₹79.3b₹711.1m48.3x207.6x1.9x
Mon, 31 Jul 2023₹120.2b₹72.5b-₹2,824,353,600.0022.6x-42.5x1.7x
Wed, 28 Jun 2023₹207.2b₹112.7b-₹1,668,617,600.0050.1x-124.2x1.8x
Fri, 26 May 2023₹177.7b₹99.7b₹5.3b19x33.2x1.8x
Sun, 23 Apr 2023₹99.5b₹58.0b₹4.5b17.1x22x1.7x
Tue, 21 Mar 2023₹48.2b₹31.3b₹118.8m170.9x405.5x1.5x
Thu, 16 Feb 2023₹51.2b₹31.3b₹118.8m182x431.1x1.6x
Sat, 14 Jan 2023₹134.9b₹66.8b₹1.5b81.6x88.5x2x
Price to Earnings Ratio

88.5x


Total Market Cap: ₹134.9bTotal Earnings: ₹1.5bTotal Revenue: ₹66.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian General Merchandise and Department Stores Industry Price to Earnings3Y Average 93.7x202420252026
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 2.4x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • Total earnings for the Multiline Retail industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 79% 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 decreased profits.

Industry Trends

Which industries have driven the changes within the Indian Consumer Discretionary industry?

IN Market1.67%
Consumer Discretionary1.71%
General Merchandise and Department Stores-2.06%
Department Stores0%0
General Merchandise Stores0%0
Broadline Retail-2.06%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Broadline Retail industry, expecting annual earnings growth of 25% over the next 5 years.
    • This is better than its past earnings growth rate of 9.8% per year.
    • In contrast, the Broadline Retail industry is expected to see its earnings grow by 25% 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
    511431 Vakrangee₹7.900.9%
    +₹75.8m
    -78.8%PE87.5x
    524622 iStreet Network₹54.281.6%
    +₹29.1m
    1,233.7%PE51.7x