Analysis Article • May 18
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Indian (NIFTY) General Merchandise and Department Stores Industry Analysis
UpdatedMay 26, 2026
DataAggregated Company Financials
Companies10
- 7D1.9%
- 3M13.6%
- 1Y-9.5%
- YTD-1.2%
Over the last 7 days, the General Merchandise and Department Stores industry has risen 1.9%, driven by gains from Meesho of 3.1%. However, the industry is down 9.5% over the past year. Looking forward, earnings are forecast to grow by 67% 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 |
|---|---|---|---|---|---|---|
| Tue, 26 May 2026 | ₹1.6t | ₹422.1b | -₹8,083,258,807.00 | 53.1x | -200.1x | 3.8x |
| Thu, 23 Apr 2026 | ₹1.5t | ₹352.8b | -₹20,423,396,807.00 | 52x | -74.1x | 4.3x |
| Sat, 21 Mar 2026 | ₹1.2t | ₹352.7b | -₹20,434,944,000.00 | 45.4x | -59.7x | 3.5x |
| Mon, 16 Feb 2026 | ₹1.4t | ₹352.6b | -₹20,438,483,307.00 | 43.4x | -67x | 3.9x |
| Wed, 14 Jan 2026 | ₹1.5t | ₹385.3b | -₹16,508,855,307.00 | 49.3x | -90.8x | 3.9x |
| Fri, 12 Dec 2025 | ₹791.0b | ₹278.7b | ₹4.8b | 51.7x | 165.3x | 2.8x |
| Sun, 09 Nov 2025 | ₹867.2b | ₹274.5b | ₹5.4b | 93.9x | 161x | 3.2x |
| Tue, 07 Oct 2025 | ₹854.4b | ₹225.4b | ₹5.2b | 97.5x | 165.5x | 3.8x |
| Thu, 04 Sep 2025 | ₹839.6b | ₹221.3b | ₹5.2b | 88.3x | 162.6x | 3.8x |
| Sat, 02 Aug 2025 | ₹806.1b | ₹217.6b | ₹8.1b | 89.9x | 99.6x | 3.7x |
| Mon, 30 Jun 2025 | ₹852.2b | ₹262.8b | ₹8.0b | 103.4x | 106.8x | 3.2x |
| Wed, 28 May 2025 | ₹782.8b | ₹258.2b | ₹10.7b | 55.4x | 72.9x | 3x |
| Fri, 25 Apr 2025 | ₹651.2b | ₹206.0b | ₹9.5b | 18.5x | 68.4x | 3.2x |
| Sun, 23 Mar 2025 | ₹601.1b | ₹206.0b | ₹9.5b | 19.1x | 63.2x | 2.9x |
| Tue, 18 Feb 2025 | ₹610.0b | ₹206.0b | ₹9.5b | 30.7x | 64.1x | 3x |
| Thu, 16 Jan 2025 | ₹725.5b | ₹246.8b | ₹12.4b | 49.1x | 58.5x | 2.9x |
| Sat, 14 Dec 2024 | ₹274.1b | ₹148.0b | ₹7.0b | 28.6x | 38.9x | 1.9x |
| Mon, 11 Nov 2024 | ₹280.9b | ₹148.7b | ₹10.8b | 42.1x | 25.9x | 1.9x |
| Wed, 09 Oct 2024 | ₹310.1b | ₹146.7b | ₹11.0b | 45.4x | 28.2x | 2.1x |
| Fri, 06 Sep 2024 | ₹301.4b | ₹146.7b | ₹11.0b | 51x | 27.4x | 2.1x |
| Sun, 04 Aug 2024 | ₹284.4b | ₹135.6b | ₹3.9b | 44.1x | 72.7x | 2.1x |
| Tue, 02 Jul 2024 | ₹287.3b | ₹134.8b | ₹4.3b | 49.6x | 67.4x | 2.1x |
| Thu, 30 May 2024 | ₹259.2b | ₹132.6b | ₹3.7b | 66.6x | 70.8x | 2x |
| Sat, 27 Apr 2024 | ₹178.3b | ₹88.4b | ₹2.9b | 28x | 61.6x | 2x |
| Mon, 25 Mar 2024 | ₹163.1b | ₹88.4b | ₹2.9b | 26.4x | 56.4x | 1.8x |
| Wed, 21 Feb 2024 | ₹189.2b | ₹88.4b | ₹2.9b | 31.1x | 65.4x | 2.1x |
| Fri, 19 Jan 2024 | ₹256.2b | ₹123.2b | ₹1.5b | 78.3x | 168.9x | 2.1x |
| Sun, 17 Dec 2023 | ₹250.1b | ₹123.2b | ₹1.5b | 79x | 164.9x | 2x |
| Tue, 14 Nov 2023 | ₹213.4b | ₹123.0b | ₹1.5b | 57.2x | 142.3x | 1.7x |
| Thu, 12 Oct 2023 | ₹137.5b | ₹79.3b | ₹711.6m | 46.2x | 193.2x | 1.7x |
| Sat, 09 Sep 2023 | ₹150.2b | ₹79.3b | ₹711.1m | 50.1x | 211.3x | 1.9x |
| Mon, 07 Aug 2023 | ₹128.2b | ₹72.5b | -₹2,824,353,600.00 | 21.7x | -45.4x | 1.8x |
| Wed, 05 Jul 2023 | ₹209.9b | ₹112.7b | -₹1,668,617,600.00 | 50.3x | -125.8x | 1.9x |
| Fri, 02 Jun 2023 | ₹178.7b | ₹110.9b | -₹1,679,232,700.00 | 24.5x | -106.4x | 1.6x |
Price to Earnings Ratio
-106.4x
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 3.8x.
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 | 2.23% | |
| Consumer Discretionary | 2.89% | |
| General Merchandise and Department Stores | 1.89% | |
| Broadline Retail | 1.89% | |
| 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 67% over the next 5 years.
- This is better than its past earnings growth rate of 33% per year.
- In contrast, the Broadline Retail industry is expected to see its earnings grow by 67% 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 | ₹193.21 | 0.3% +₹2.3b | n/a | PS7x | |
| VMART V-Mart Retail | ₹664.15 | 4.2% +₹2.1b | -22.6% | PE42.6x | |
| 534597 RattanIndia Enterprises | ₹34.90 | 3.0% +₹1.4b | -24.9% | PS0.7x | |
| 511431 Vakrangee | ₹6.56 | 4.8% +₹325.0m | -36.9% | PE63.1x | |
| 524622 iStreet Network | ₹45.80 | 3.6% +₹112.1m | 830.9% | PE65.7x |
