Narrative Update • May 07
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Indian (NIFTY) Luxury Industry Analysis
UpdatedMay 09, 2026
DataAggregated Company Financials
Companies372
- 7D3.2%
- 3M4.7%
- 1Y5.4%
- YTD4.1%
Over the last 7 days, the Luxury industry has risen 3.2%, driven by gains from Titan of 2.9%. Meanwhile, Vardhman Textiles actually underperformed within the industry, shrinking 5.0% in the last week. This means that the industry has gained 5.4% over the past year. Looking forward, earnings are forecast to grow by 22% annually.
Industry Valuation and Performance
Has the Indian Luxury Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 09 May 2026 | ₹8.2t | ₹11.0t | ₹165.9b | 18.6x | 49.1x | 0.7x |
| Mon, 06 Apr 2026 | ₹7.3t | ₹11.0t | ₹166.2b | 16x | 43.7x | 0.7x |
| Wed, 04 Mar 2026 | ₹7.6t | ₹11.0t | ₹165.2b | 17.9x | 46.1x | 0.7x |
| Fri, 30 Jan 2026 | ₹7.3t | ₹9.5t | ₹166.0b | 18.3x | 44.1x | 0.8x |
| Sun, 28 Dec 2025 | ₹7.8t | ₹9.5t | ₹165.5b | 19.8x | 47.2x | 0.8x |
| Tue, 25 Nov 2025 | ₹7.9t | ₹8.4t | ₹164.9b | 21.3x | 47.9x | 0.9x |
| Thu, 23 Oct 2025 | ₹7.8t | ₹8.3t | ₹163.1b | 23.7x | 47.8x | 0.9x |
| Sat, 20 Sep 2025 | ₹7.7t | ₹7.6t | ₹163.0b | 24.9x | 47.5x | 1x |
| Mon, 18 Aug 2025 | ₹7.5t | ₹7.6t | ₹161.1b | 23.8x | 46.3x | 1x |
| Wed, 16 Jul 2025 | ₹8.0t | ₹6.4t | ₹155.9b | 26.8x | 51.1x | 1.2x |
| Fri, 13 Jun 2025 | ₹7.8t | ₹6.4t | ₹153.9b | 26.2x | 50.6x | 1.2x |
| Sun, 11 May 2025 | ₹7.6t | ₹6.0t | ₹150.7b | 22.5x | 50.7x | 1.3x |
| Tue, 08 Apr 2025 | ₹6.8t | ₹5.9t | ₹151.6b | 21.7x | 44.9x | 1.2x |
| Thu, 06 Mar 2025 | ₹6.9t | ₹5.9t | ₹151.4b | 22.4x | 45.8x | 1.2x |
| Sat, 01 Feb 2025 | ₹7.9t | ₹5.8t | ₹172.4b | 27.5x | 45.6x | 1.4x |
| Mon, 30 Dec 2024 | ₹8.5t | ₹5.8t | ₹171.3b | 29.8x | 49.5x | 1.5x |
| Wed, 27 Nov 2024 | ₹8.2t | ₹5.7t | ₹169.9b | 28.5x | 48.1x | 1.4x |
| Fri, 25 Oct 2024 | ₹7.9t | ₹5.4t | ₹164.2b | 28.8x | 48.3x | 1.5x |
| Sun, 22 Sep 2024 | ₹8.9t | ₹5.5t | ₹163.3b | 31x | 54.4x | 1.6x |
| Tue, 20 Aug 2024 | ₹8.0t | ₹5.4t | ₹161.2b | 29.9x | 49.7x | 1.5x |
| Thu, 18 Jul 2024 | ₹7.8t | ₹5.7t | ₹175.5b | 29.3x | 44.7x | 1.4x |
| Sat, 15 Jun 2024 | ₹7.8t | ₹5.7t | ₹174.5b | 28.4x | 44.4x | 1.4x |
| Mon, 13 May 2024 | ₹7.3t | ₹5.9t | ₹163.1b | 28.7x | 44.5x | 1.2x |
| Wed, 10 Apr 2024 | ₹7.6t | ₹5.8t | ₹132.3b | 29.3x | 57.7x | 1.3x |
| Fri, 08 Mar 2024 | ₹7.7t | ₹5.8t | ₹133.0b | 29x | 58.2x | 1.3x |
| Sun, 04 Feb 2024 | ₹7.6t | ₹6.2t | ₹126.2b | 29.2x | 60.3x | 1.2x |
| Tue, 02 Jan 2024 | ₹7.6t | ₹6.1t | ₹121.3b | 26.9x | 62.7x | 1.3x |
| Thu, 30 Nov 2023 | ₹7.3t | ₹6.1t | ₹120.8b | 26.3x | 60.7x | 1.2x |
| Sat, 28 Oct 2023 | ₹6.8t | ₹6.5t | ₹127.8b | 22.2x | 53x | 1x |
| Mon, 25 Sep 2023 | ₹6.9t | ₹6.5t | ₹125.6b | 22.7x | 55.3x | 1.1x |
| Wed, 23 Aug 2023 | ₹6.9t | ₹6.6t | ₹124.4b | 21.8x | 55.7x | 1.1x |
| Fri, 21 Jul 2023 | ₹6.6t | ₹6.3t | ₹131.3b | 22x | 50.2x | 1.1x |
| Sun, 18 Jun 2023 | ₹6.5t | ₹6.2t | ₹130.8b | 20.6x | 49.9x | 1x |
| Tue, 16 May 2023 | ₹6.2t | ₹6.0t | ₹152.7b | 16.8x | 40.7x | 1x |
Price to Earnings Ratio
40.7x
Current Industry PE
- Investors are relatively neutral on the Indian Luxury industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 50.5x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.74x.
Past Earnings Growth
- The earnings for companies in the Luxury industry have grown 2.8% per year over the last three years.
- Revenues for these companies have grown 23% 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 Market | 2.14% | |
| Consumer Discretionary | 3.44% | |
| Luxury | 3.23% | |
| Apparel, Accessories and Luxury Goods | 3.40% | |
| Textiles | 2.79% | |
| Footwear | 1.63% | |
Industry PE
- Investors are most optimistic about the Apparel, Accessories and Luxury Goods industry even though it's trading below its 3-year average PE ratio of 65.7x.
- Analysts are expecting annual earnings growth of 20.1%, which is lower than the prior year's growth of 22.8% per year.
- Investors are most pessimistic about the Textiles industry, which is trading close to its 3-year average of 28.0x.
Forecasted Growth
- Analysts are most optimistic on the Textiles industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings growth rate of 5.7% per year.
- In contrast, the Footwear industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| 500114 Titan | ₹4.51k | 2.9% +₹113.1b | 28.6% | PE84.1x | |
| 541967 Sky Gold and Diamonds | ₹541.25 | 19.3% +₹13.6b | 86.6% | PE36.6x | |
| KALYANKJIL Kalyan Jewellers India | ₹424.55 | 2.9% +₹12.2b | -18.2% | PE38.9x | |
| 500101 Arvind | ₹435.40 | 9.2% +₹9.7b | 17.3% | PE28.2x | |
| MANYAVAR Vedant Fashions | ₹457.75 | 7.2% +₹7.5b | -36.7% | PE30.7x |
