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Indian (NIFTY) Hospitality Industry Analysis

UpdatedAug 10, 2026
DataAggregated Company Financials
Companies106
  • 7D3.4%
  • 3M15.7%
  • 1Y-6.9%
  • YTD-2.9%

In the last week, the Hospitality industry is up 3.4%, with Devyani International up 14%. However, the industry is down 6.9% over the past year. Earnings are forecast to grow by 35% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 10 Aug 2026₹7.7t₹1.8t₹55.3b27.8x139.1x4.3x
Wed, 08 Jul 2026₹7.4t₹1.6t₹47.8b28.3x154.2x4.6x
Fri, 05 Jun 2026₹6.6t₹1.6t₹48.0b27.9x136.6x4.1x
Sun, 03 May 2026₹6.6t₹1.6t₹36.7b27.8x180.3x4.2x
Tue, 31 Mar 2026₹6.0t₹1.4t₹36.8b25x162.3x4.1x
Thu, 26 Feb 2026₹6.9t₹1.4t₹36.8b27.7x187.2x4.7x
Sat, 24 Jan 2026₹6.9t₹1.4t₹36.2b28.7x190.7x4.9x
Mon, 22 Dec 2025₹7.8t₹1.3t₹34.2b32.7x227.7x6x
Wed, 19 Nov 2025₹8.1t₹1.3t₹32.6b33.1x247.5x6.3x
Fri, 17 Oct 2025₹8.7t₹1.2t₹39.7b35.7x220.4x7.5x
Sun, 14 Sep 2025₹8.7t₹1.2t₹38.1b36.8x227.8x7.5x
Tue, 12 Aug 2025₹8.2t₹1.1t₹37.2b34.5x219.7x7.1x
Thu, 10 Jul 2025₹7.7t₹1.1t₹38.1b36.1x201.1x7.2x
Sat, 07 Jun 2025₹7.6t₹1.1t₹38.1b35.4x200.3x7.2x
Mon, 05 May 2025₹6.8t₹959.4b₹29.8b33.8x229.7x7.1x
Wed, 02 Apr 2025₹6.6t₹936.7b₹29.5b33.1x223.1x7x
Fri, 28 Feb 2025₹6.6t₹936.7b₹29.5b31.5x222.6x7x
Sun, 26 Jan 2025₹6.6t₹897.3b₹33.5b36.1x197.5x7.4x
Tue, 24 Dec 2024₹7.5t₹865.3b₹31.3b38.2x240.1x8.7x
Thu, 21 Nov 2024₹6.7t₹856.9b₹30.9b34.6x217.3x7.8x
Sat, 19 Oct 2024₹5.8t₹694.9b₹48.9b40.5x117.7x8.3x
Mon, 16 Sep 2024₹6.0t₹694.8b₹48.1b45.5x125.1x8.7x
Wed, 14 Aug 2024₹5.6t₹693.5b₹48.3b39.7x116.3x8.1x
Fri, 12 Jul 2024₹5.4t₹658.8b₹50.5b38.4x106.4x8.1x
Sun, 09 Jun 2024₹4.9t₹654.0b₹48.2b38.4x100.7x7.4x
Tue, 07 May 2024₹4.8t₹611.5b₹44.0b36.1x109.5x7.9x
Thu, 04 Apr 2024₹4.7t₹607.0b₹42.8b40.6x109.4x7.7x
Sat, 02 Mar 2024₹4.5t₹606.1b₹42.9b39.5x104.5x7.4x
Mon, 29 Jan 2024₹3.9t₹566.8b₹31.5b31.8x122.6x6.8x
Wed, 27 Dec 2023₹3.6t₹564.8b₹32.4b28.9x110.7x6.4x
Fri, 24 Nov 2023₹3.4t₹556.7b₹35.7b28.9x94.8x6.1x
Sun, 22 Oct 2023₹3.4t₹528.6b₹33.5b27.1x100.1x6.3x
Tue, 19 Sep 2023₹3.3t₹524.7b₹33.4b23.8x98.1x6.2x
Thu, 17 Aug 2023₹3.0t₹521.6b₹32.6b26.4x91.4x5.7x
Price to Earnings Ratio

91.4x


Total Market Cap: ₹3.0tTotal Earnings: ₹32.6bTotal Revenue: ₹521.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Hospitality Industry Price to Earnings3Y Average 165x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Hospitality industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 139x which is lower than its 3-year average PE of 165x.
  • The 3-year average PS ratio of 6.7x is higher than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Hospitality industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 51% 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 Market1.27%
Consumer Discretionary2.72%
Hospitality3.41%
Leisure Facilities5.52%
Restaurants5.29%
Hotels, Resorts and Cruise Lines0.63%
Casinos and Gaming0.56%
Industry PE
  • Investors are most optimistic about the Leisure Facilities industry which is trading above its 3-year average PE ratio of 35.3x.
    • Analysts are expecting annual earnings growth of 49.7%, which is lower than the prior year's growth of 66.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Leisure Facilities industry, expecting annual earnings growth of 50% over the next 5 years.
  • However this is lower than its past earnings growth rate of 67% per year.
  • In contrast, the Hotels, Resorts and Cruise Lines industry is expected to see its earnings grow by 17% 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₹133.5614.4%
+₹20.7b		-13.0%PS2.8x
JUBLFOOD Jubilant FoodWorks₹495.005.3%
+₹16.4b		-21.5%PE87.6x
RBA Restaurant Brands Asia₹90.2327.5%
+₹13.9b		15.2%PS2.2x
SAPPHIRE Sapphire Foods India₹220.6217.7%
+₹10.7b		-31.8%PS2.2x
505533 Westlife Foodworld₹584.4510.1%
+₹8.3b		-13.7%PE287.6x

Latest News

RBA
₹90.23
Restaurant Brands Asia
7D
27.5%
1Y
15.2%
SWIGGY
₹279.00
Swiggy
7D
-3.1%
1Y
-30.4%
LEMONTREE
₹107.94
Lemon Tree Hotels
7D
-5.3%
1Y
-24.0%
IXIGO
₹182.20
Le Travenues Technology
7D
-8.7%
1Y
-23.6%
Narrative Update • Aug 08

IXIGO: Higher Future P/E Assumptions Will Support Deal-Led Expansion Plans

Analysts have raised their price target for Le Travenues Technology from ₹180 to ₹200. This reflects the application of a higher future P/E assumption along with updated views on revenue growth, profit margins and the discount rate.
UFBL
₹798.10
United Foodbrands
7D
13.9%
1Y
217.5%
Narrative Update • Aug 08

UFBL: Upcoming Results And Board Meetings Will Test Elevated Earnings Multiple

Analysts have raised their fair value estimate for United Foodbrands to ₹775 from ₹650, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E that better reflect current expectations for the business. What's in the News United Foodbrands has scheduled a board meeting on May 19, 2026 to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.
ITCHOTELS
₹168.87
ITC Hotels
7D
2.2%
1Y
-26.1%
TRAVELFOOD
₹1,396.90
Travel Food Services
7D
3.9%
1Y
29.2%
SAMHI
₹169.80
SAMHI Hotels
7D
-6.5%
1Y
-22.4%
505533
₹584.45
Westlife Foodworld
7D
10.1%
1Y
-13.7%
ETERNAL
₹310.25
Eternal
7D
-0.08%
1Y
0.3%
Narrative Update • Aug 05

ETERNAL: Board Review Of Quarterly Results Will Support Long Term Upside

Analysts have lifted their price target on Eternal to ₹479.65 from ₹465.98, reflecting updated assumptions around fair value, discount rates, revenue growth, profit margins, and a higher future P/E multiple. What's in the News for Eternal Eternal has scheduled a board meeting on Jul 22, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended Jun 30, 2026.
VENTIVE
₹593.45
Ventive Hospitality
7D
-4.6%
1Y
-19.8%
JUBLFOOD
₹495.00
Jubilant FoodWorks
7D
5.3%
1Y
-21.5%
DEVYANI
₹133.56
Devyani International
7D
14.4%
1Y
-13.0%
Narrative Update • Aug 01

DEVYANI: Upcoming Board Reviews And Margin Profile Will Shape Fairly Balanced Outlook

Analysts have lifted the price target for Devyani International from ₹113.18 to ₹123.00, citing updated assumptions that include a slightly higher discount rate, a modestly lower revenue growth outlook, a firmer profit margin profile, and a reduced future P/E multiple. What’s in the News for Devyani International Board meeting scheduled for May 15, 2026 to consider and approve audited financial results on a standalone and consolidated basis for the quarter and financial year ended March 31, 2026.
EIHOTEL
₹303.15
EIH
7D
-8.2%
1Y
-15.7%
SAPPHIRE
₹220.62
Sapphire Foods India
7D
17.7%
1Y
-31.8%
500850
₹726.20
Indian Hotels
7D
-2.7%
1Y
-2.7%
Narrative Update • Jul 22

500850: Loyalty Partnership And Dividend Will Drive Future Repricing Potential

Analysts have raised the Indian Hotels price target from about ₹794 to around ₹829, citing updated fair value assumptions and revised views on the discount rate, revenue growth, profit margin and future P/E. What's in the News Board meeting scheduled on July 21, 2026 to consider the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.