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Indian (NIFTY) Apparel, Accessories and Luxury Goods Industry Analysis

UpdatedMay 02, 2026
DataAggregated Company Financials
Companies133
  • 7D-0.6%
  • 3M8.2%
  • 1Y11.4%
  • YTDn/a

Over the last 7 days, the Apparel, Accessories and Luxury Goods industry has dropped 1.8%, driven by Titan declining 1.6%. On the other hand Sky Gold and Diamonds is actually up 10%. Over the past 12 months, the industry was up 11%. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

Has the Indian Apparel, Accessories and Luxury Goods Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 02 May 2026₹6.1t₹9.4t₹109.9b21.9x55.8x0.7x
Mon, 30 Mar 2026₹5.5t₹9.4t₹109.7b19x50.2x0.6x
Wed, 25 Feb 2026₹6.0t₹9.4t₹108.8b24.5x55.2x0.6x
Fri, 23 Jan 2026₹5.7t₹7.9t₹99.7b24.2x56.8x0.7x
Sun, 21 Dec 2025₹5.9t₹7.9t₹99.8b26.5x59.1x0.8x
Tue, 18 Nov 2025₹6.0t₹6.8t₹98.9b28.2x60.7x0.9x
Thu, 16 Oct 2025₹5.6t₹6.7t₹93.4b26.4x60.2x0.8x
Sat, 13 Sep 2025₹5.7t₹5.9t₹92.6b29.4x61.6x1x
Mon, 11 Aug 2025₹5.6t₹5.9t₹91.1b30.4x61.4x0.9x
Wed, 09 Jul 2025₹5.8t₹4.8t₹84.6b33.8x69x1.2x
Fri, 06 Jun 2025₹5.8t₹4.8t₹84.5b30.9x68.7x1.2x
Sun, 04 May 2025₹5.4t₹4.4t₹80.8b29.9x67.1x1.2x
Tue, 01 Apr 2025₹5.1t₹4.4t₹80.8b28.1x62.8x1.2x
Thu, 27 Feb 2025₹5.2t₹4.4t₹80.8b29.2x64.5x1.2x
Sat, 25 Jan 2025₹5.6t₹4.3t₹78.4b34x71.9x1.3x
Mon, 23 Dec 2024₹6.1t₹4.3t₹78.2b38.6x78.5x1.4x
Wed, 20 Nov 2024₹5.8t₹4.3t₹78.1b33.7x73.9x1.3x
Fri, 18 Oct 2024₹6.0t₹4.0t₹79.1b39.3x75.8x1.5x
Sun, 15 Sep 2024₹6.3t₹4.0t₹79.0b41.4x79.3x1.6x
Tue, 13 Aug 2024₹5.6t₹4.2t₹78.4b34.9x71.3x1.3x
Thu, 11 Jul 2024₹5.4t₹4.2t₹79.4b35.9x67.5x1.3x
Sat, 08 Jun 2024₹5.4t₹4.2t₹79.3b35.2x67.6x1.3x
Mon, 06 May 2024₹5.4t₹4.4t₹75.0b36.5x72.1x1.2x
Wed, 03 Apr 2024₹5.6t₹4.4t₹74.5b35.1x75x1.3x
Fri, 01 Mar 2024₹5.5t₹4.4t₹75.3b38x72.6x1.2x
Sun, 28 Jan 2024₹5.6t₹4.6t₹79.8b39.2x70.8x1.2x
Tue, 26 Dec 2023₹5.5t₹4.6t₹79.6b37x69.5x1.2x
Thu, 23 Nov 2023₹5.4t₹4.6t₹79.4b35.9x68x1.2x
Sat, 21 Oct 2023₹5.2t₹5.0t₹84.4b35.5x61.8x1x
Mon, 18 Sep 2023₹5.1t₹5.0t₹84.3b32.1x60.3x1x
Wed, 16 Aug 2023₹4.9t₹5.2t₹81.4b30.4x60.6x1x
Fri, 14 Jul 2023₹4.9t₹4.8t₹88.0b31.8x55.4x1x
Sun, 11 Jun 2023₹4.6t₹4.8t₹86.3b28.5x53.3x1x
Tue, 09 May 2023₹4.5t₹4.5t₹94.6b24.2x47.3x1x
Price to Earnings Ratio

47.3x


Total Market Cap: ₹4.5tTotal Earnings: ₹94.6bTotal Revenue: ₹4.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Apparel, Accessories and Luxury Goods Industry Price to Earnings3Y Average 65.6x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Apparel, Accessories and Luxury Goods 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 55.8x which is lower than its 3-year average PE of 65.6x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.65x.
Past Earnings Growth
  • The earnings for companies in the Apparel, Accessories and Luxury Goods industry have grown 5.1% per year over the last three years.
  • Revenues for these companies have grown 28% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Apparel, Accessories and Luxury Goods compare with similar industries?

IN Market0.39%
Consumer Discretionary0.44%
Luxury-0.06%
Apparel, Accessories and Luxury Goods-0.57%
Textiles2.18%
Footwear-0.64%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
KALYANKJIL Kalyan Jewellers India₹412.751.8%
+₹7.7b		-18.8%PE37.8x
541967 Sky Gold and Diamonds₹453.6510.1%
+₹6.5b		49.8%PE30.7x
KPRMILL K.P.R. Mill₹936.600.6%
+₹2.1b		-9.1%PE37.9x
PNGSREVA PNGS Reva Diamond Jewellery₹423.256.6%
+₹835.3m		n/aPE13.3x
SPAL S.P. Apparels₹811.053.8%
+₹754.2m		10.3%PE18.1x

Latest News

RAJESHEXPO
₹119.20
Rajesh Exports
7D
-6.0%
1Y
-34.5%
500114
₹4,385.95
Titan
7D
-0.5%
1Y
31.3%
KALYANKJIL
₹412.75
Kalyan Jewellers India
7D
1.8%
1Y
-18.8%

KALYANKJIL: Stable Margins And New Independent Directors Will Support Future Upside

Analysts have kept their fair value estimate for Kalyan Jewellers India steady at ₹643, with only minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions informing this unchanged price target. What's in the News A board meeting is scheduled for May 8, 2026, to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to consider a proposal for recommending a final dividend for the 2025-26 financial year (Key Developments).
DOLLAR
₹299.80
Dollar Industries
7D
-11.1%
1Y
-21.8%
LUXIND
₹1,398.20
Lux Industries
7D
-15.5%
1Y
2.5%
MANYAVAR
₹426.95
Vedant Fashions
7D
-5.1%
1Y
-44.8%

MANYAVAR: Upcoming Results And Slight Assumption Shifts Will Support Long Term Upside

The analyst price target for Vedant Fashions has been revised from ₹540.20 to ₹512.20, with analysts citing slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E to explain the change. What's in the News The board has scheduled a meeting for Feb 12, 2026, to consider and approve the unaudited financial results for the quarter and nine months ended Dec 31, 2025, along with the auditor's limited review report (company filing).
PAGEIND
₹36,785.00
Page Industries
7D
-2.3%
1Y
-18.7%

PAGEIND: Upcoming Interim Dividend Will Support Constructive Outlook At Current Fair Value

Analysts have trimmed their price target on Page Industries slightly to about ₹37,936 from roughly ₹37,988, reflecting small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions, while keeping the overall view broadly unchanged. Valuation Changes Fair Value: Trimmed slightly from ₹37,987.58 to ₹37,936.00, a reduction of about ₹51.58.
500414
₹342.45
Timex Group India
7D
1.5%
1Y
109.8%
541967
₹453.65
Sky Gold and Diamonds
7D
10.1%
1Y
49.8%
SPAL
₹811.05
S.P. Apparels
7D
3.8%
1Y
10.3%

SPAL: Upcoming Board And Shareholder Decisions Will Support Future Rerating Potential

Analysts have kept the fair value estimate for S.P. Apparels steady at ₹903.50, with only small adjustments to inputs such as the discount rate and assumed future P/E, helping to refine rather than reshape their price target view. What's in the News S.P. Apparels has scheduled a Special or Extraordinary Shareholders Meeting for March 21, 2026, via postal ballot in India to seek approval for the reappointment and remuneration of Mrs.
523025
₹1,417.95
Safari Industries (India)
7D
-3.6%
1Y
-27.9%
PNGSREVA
₹423.25
PNGS Reva Diamond Jewellery
7D
6.6%
1Y
n/a
KPRMILL
₹936.60
K.P.R. Mill
7D
0.6%
1Y
-9.1%
543953
₹667.35
Khazanchi Jewellers
7D
3.9%
1Y
18.7%
532054
₹2,375.75
KDDL
7D
-5.1%
1Y
-9.2%
MONTECARLO
₹561.65
Monte Carlo Fashions
7D
3.3%
1Y
-1.3%