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Indian (NIFTY) Hospitality Industry Analysis

UpdatedDec 29, 2025
DataAggregated Company Financials
Companies102
  • 7D-0.5%
  • 3M-8.1%
  • 1Y-11.7%
  • YTD-11.1%

The Hospitality is pretty flat in the last 7 days, but Devyani International has stood out, gaining 11%. Unfortunately though, the industry is down 12% over the past 12 months. As for the next few years, earnings are expected to grow by 41% per annum.

Industry Valuation and Performance

Has the Indian Hospitality Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Dec 2025₹7.8t₹1.3t₹34.2b31.5x227.9x6x
Wed, 26 Nov 2025₹8.0t₹1.3t₹33.4b33.2x239.9x6.2x
Fri, 24 Oct 2025₹8.5t₹1.2t₹38.3b34.5x221.9x6.8x
Sun, 21 Sep 2025₹8.9t₹1.2t₹38.2b35.9x231.8x7.6x
Tue, 19 Aug 2025₹8.4t₹1.2t₹38.0b36.1x219.8x7.2x
Thu, 17 Jul 2025₹7.9t₹1.1t₹41.8b35.3x188.5x7.3x
Sat, 14 Jun 2025₹7.3t₹1.1t₹38.2b35x192.2x6.9x
Mon, 12 May 2025₹6.6t₹984.1b₹25.5b34.5x259x6.7x
Wed, 09 Apr 2025₹6.6t₹936.7b₹29.5b33.2x223.3x7x
Fri, 07 Mar 2025₹6.7t₹936.4b₹29.5b34.9x227.2x7.2x
Sun, 02 Feb 2025₹6.9t₹900.7b₹34.3b34.9x201.5x7.7x
Tue, 31 Dec 2024₹7.7t₹870.1b₹32.9b39.8x235.4x8.9x
Thu, 28 Nov 2024₹7.2t₹856.8b₹30.9b36.6x232.1x8.4x
Sat, 26 Oct 2024₹5.5t₹715.6b₹48.2b37x115x7.7x
Mon, 23 Sep 2024₹6.2t₹694.8b₹48.1b44.5x128.8x8.9x
Wed, 21 Aug 2024₹5.7t₹694.6b₹48.0b42.4x118.3x8.2x
Fri, 19 Jul 2024₹5.3t₹658.2b₹50.4b37.3x105.5x8.1x
Sun, 16 Jun 2024₹5.0t₹653.1b₹50.2b36.4x99.4x7.6x
Tue, 14 May 2024₹4.7t₹613.0b₹40.0b37.2x118.2x7.7x
Thu, 11 Apr 2024₹4.8t₹607.0b₹42.8b39.9x113x8x
Sat, 09 Mar 2024₹4.4t₹606.3b₹43.4b40x101.4x7.3x
Mon, 05 Feb 2024₹4.0t₹575.0b₹32.4b33.7x124.3x7x
Wed, 03 Jan 2024₹3.7t₹564.8b₹32.4b29x113x6.5x
Fri, 01 Dec 2023₹3.4t₹556.7b₹35.7b27.8x96.1x6.2x
Sun, 29 Oct 2023₹3.2t₹531.0b₹33.1b27.5x95.4x5.9x
Tue, 26 Sep 2023₹3.2t₹524.7b₹33.4b23.3x96x6.1x
Thu, 24 Aug 2023₹3.1t₹524.7b₹33.4b24.2x92.3x5.9x
Sat, 22 Jul 2023₹2.9t₹490.2b₹30.0b24.4x95.7x5.9x
Mon, 19 Jun 2023₹2.8t₹490.3b₹30.1b24.9x93.9x5.8x
Wed, 17 May 2023₹2.6t₹454.6b₹23.0b24.2x112.1x5.7x
Fri, 14 Apr 2023₹2.3t₹440.1b₹18.1b23.9x127.8x5.2x
Sun, 12 Mar 2023₹1.9t₹377.7b₹29.5b26.1x62.9x4.9x
Tue, 07 Feb 2023₹1.9t₹366.3b₹30.8b24.5x60.3x5.1x
Thu, 05 Jan 2023₹2.0t₹345.0b₹26.2b26.8x74.8x5.7x
Price to Earnings Ratio

74.8x


Total Market Cap: ₹2.0tTotal Earnings: ₹26.2bTotal Revenue: ₹345.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Hospitality Industry Price to Earnings3Y Average 148.5x20242025
Current Industry PE
  • Investors are optimistic on the Indian Hospitality industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 228x which is higher than its 3-year average PE of 148x.
  • The 3-year average PS ratio of 6.9x is higher than the industry's current PS ratio of 6.0x.
Past Earnings Growth
  • The earnings for companies in the Hospitality industry have grown 9.3% per year over the last three years.
  • Revenues for these companies have grown 55% 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 industry?

IN Market0.59%
Consumer Discretionary-0.22%
Hospitality-0.48%
Hotels, Resorts and Cruise Lines1.38%
Casinos and Gaming0.95%
Restaurants-1.69%
Leisure Facilities-5.45%
Industry PE
  • Investors are most optimistic about the Hotels, Resorts and Cruise Lines industry even though it's trading below its 3-year average PE ratio of 58.7x.
    • Analysts are expecting annual earnings growth of 23.3%, which is higher than its past year's earnings growth of 8.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Restaurants industry, expecting annual earnings growth of 52% over the next 5 years.
  • This is better than its past earnings growth rate of 10% per year.
  • In contrast, the Hotels, Resorts and Cruise Lines industry is expected to see its earnings grow by 23% 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
DEVYANI Devyani International₹144.8410.7%
+₹17.2b		-24.8%PS3.4x
500850 Indian Hotels₹739.301.1%
+₹11.5b		-14.1%PE62.4x
ITCHOTELS ITC Hotels₹198.492.4%
+₹9.7b		n/aPE56x
THELEELA Leela Palaces Hotels & Resorts₹434.705.6%
+₹7.6b		n/aPE56.4x
SAPPHIRE Sapphire Foods India₹251.969.2%
+₹6.9b		-23.8%PS2.7x

Latest News

SWIGGY
₹391.90
Swiggy
7D
-4.9%
1Y
-28.2%
ETERNAL
₹281.75
Eternal
7D
-1.5%
1Y
3.9%

ETERNAL: New Service Foundation Will Drive Long Term Social Impact Upside

Analysts have marginally reduced their price target for Eternal by approximately 2 dollars, reflecting a slightly higher perceived risk profile and tempered revenue growth expectations, partially offset by modestly improved profit margin and valuation assumptions. What's in the News The board has approved the incorporation of Eternal General Service Foundation as a wholly owned subsidiary in India, focused on charitable and social welfare activities spanning hunger relief, healthcare, education, environmental sustainability, disaster response, social empowerment, animal welfare, and other public welfare programs (company filing).
505533
₹543.80
Westlife Foodworld
7D
4.7%
1Y
-33.6%

505533: Expanding Restaurant Network Will Drive Premium Earnings Multiple Through Fiscal 2027

Analysts have modestly increased their price target on Westlife Foodworld to ₹638.10 per share, reflecting slightly higher discount rate assumptions and stable growth and margin expectations that support a premium future earnings multiple. What's in the News Expanded footprint with a net addition of six outlets, taking the total to 450 restaurants across 72 cities and reinforcing the path toward the Vision 2027 target of 580 to 630 outlets by FY27 (Key Developments) Strengthened format mix with 108 Drive thrus, 436 McCafés, and 390 EOTF stores, supporting higher convenience and premiumization within the network (Key Developments) Chief Financial Officer Hrushit Shah resigned effective November 4, 2025, to relocate overseas and be with his family (Key Developments) Board meeting held on November 3, 2025, to review unaudited financial results for the quarter and half year ended September 30, 2025 (Key Developments) Valuation Changes Consensus Analyst Price Target: Fair value per share remains unchanged at ₹638.10, indicating stable long term earnings assumptions.
500850
₹739.30
Indian Hotels
7D
1.1%
1Y
-14.1%
JUBLFOOD
₹559.80
Jubilant FoodWorks
7D
-0.7%
1Y
-20.9%

JUBLFOOD Will Likely Benefit From Improving Profit Margins And Earnings Visibility

Analysts have modestly reduced their price target on Jubilant FoodWorks by about ₹10 to approximately ₹900 per share. They cited a lower required return, offset by expectations of faster revenue growth and stronger profit margins, along with a more reasonable future earnings multiple.
SAPPHIRE
₹251.96
Sapphire Foods India
7D
9.2%
1Y
-23.8%

SAPPHIRE: Steady Earnings Outlook Will Support Future Upside Despite Board Change

Analysts have kept their price target for Sapphire Foods India unchanged at ₹330, reflecting stable expectations. Modest tweaks to the discount rate and future valuation multiples are seen as broadly offsetting each other in their models.
RBA
₹61.39
Restaurant Brands Asia
7D
-7.6%
1Y
-23.6%

Restaurant Brands Asia Limited's (NSE:RBA) Share Price Is Matching Sentiment Around Its Revenues

Dec 15
Restaurant Brands Asia Limited's (NSE:RBA) Share Price Is Matching Sentiment Around Its Revenues
DEVYANI
₹144.84
Devyani International
7D
10.7%
1Y
-24.8%

Devyani International Limited's (NSE:DEVYANI) Intrinsic Value Is Potentially 26% Below Its Share Price

Dec 12
Devyani International Limited's (NSE:DEVYANI) Intrinsic Value Is Potentially 26% Below Its Share Price
WONDERLA
₹506.05
Wonderla Holidays
7D
-5.7%
1Y
-31.9%
TRAVELFOOD
₹1,170.70
Travel Food Services
7D
-5.1%
1Y
n/a
IMAGICAA
₹45.38
Imagicaaworld Entertainment
7D
-6.8%
1Y
-35.3%

Earnings Troubles May Signal Larger Issues for Imagicaaworld Entertainment (NSE:IMAGICAA) Shareholders

Nov 15
Earnings Troubles May Signal Larger Issues for Imagicaaworld Entertainment (NSE:IMAGICAA) Shareholders
VENTIVE
₹720.45
Ventive Hospitality
7D
3.6%
1Y
n/a

Ventive Hospitality Limited's (NSE:VENTIVE) Share Price Could Signal Some Risk

Nov 14
Ventive Hospitality Limited's (NSE:VENTIVE) Share Price Could Signal Some Risk
ITCHOTELS
₹198.49
ITC Hotels
7D
2.4%
1Y
n/a
TAJGVK
₹429.80
TAJGVK Hotels & Resorts
7D
13.1%
1Y
11.8%

TAJGVK Hotels & Resorts' (NSE:TAJGVK) Earnings Are Of Questionable Quality

Nov 11
TAJGVK Hotels & Resorts' (NSE:TAJGVK) Earnings Are Of Questionable Quality
BRIGHOTEL
₹69.03
Brigade Hotel Ventures
7D
-3.8%
1Y
n/a
THELEELA
₹434.70
Leela Palaces Hotels & Resorts
7D
5.6%
1Y
n/a