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

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies134
  • 7D-2.6%
  • 3M-8.1%
  • 1Y6.8%
  • YTDn/a

Over the last 7 days, the Apparel, Accessories and Luxury Goods industry has dropped 2.6%, driven by Titan declining 3.1%. This takes the industry's 12 month performance to a gain of 6.8%. 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
Sun, 29 Mar 2026₹5.5t₹9.4t₹109.7b19x50.2x0.6x
Tue, 24 Feb 2026₹6.0t₹9.4t₹108.7b25.1x55.1x0.6x
Thu, 22 Jan 2026₹5.7t₹7.9t₹99.7b24x57.4x0.7x
Sat, 20 Dec 2025₹5.9t₹7.9t₹99.8b26.5x59.1x0.8x
Mon, 17 Nov 2025₹6.0t₹6.8t₹98.8b28.4x60.3x0.9x
Wed, 15 Oct 2025₹5.6t₹6.7t₹93.4b26.5x59.8x0.8x
Fri, 12 Sep 2025₹5.7t₹5.9t₹92.5b29.6x61.9x1x
Sun, 10 Aug 2025₹5.6t₹5.9t₹91.1b30.4x61.4x0.9x
Tue, 08 Jul 2025₹6.0t₹4.8t₹84.6b33.4x71.2x1.3x
Thu, 05 Jun 2025₹5.8t₹4.8t₹84.7b31x68.4x1.2x
Sat, 03 May 2025₹5.4t₹4.4t₹80.8b29.2x67.1x1.2x
Mon, 31 Mar 2025₹5.1t₹4.4t₹80.8b28.1x62.8x1.2x
Wed, 26 Feb 2025₹5.2t₹4.4t₹80.8b29.2x64.5x1.2x
Fri, 24 Jan 2025₹5.7t₹4.3t₹78.4b36.1x72.8x1.3x
Sun, 22 Dec 2024₹6.1t₹4.3t₹78.2b38.6x78.5x1.4x
Tue, 19 Nov 2024₹5.7t₹4.3t₹78.1b33.2x72.4x1.3x
Thu, 17 Oct 2024₹6.1t₹4.0t₹79.1b39.6x77.3x1.5x
Sat, 14 Sep 2024₹6.3t₹4.0t₹79.0b41.6x79.3x1.6x
Mon, 12 Aug 2024₹5.6t₹4.2t₹78.4b34.6x71.2x1.3x
Wed, 10 Jul 2024₹5.3t₹4.2t₹79.4b36.5x67.2x1.3x
Fri, 07 Jun 2024₹5.2t₹4.2t₹79.3b34.6x65.9x1.3x
Sun, 05 May 2024₹5.4t₹4.4t₹75.0b36.5x72.1x1.2x
Tue, 02 Apr 2024₹5.5t₹4.4t₹74.5b33.8x74.4x1.3x
Thu, 29 Feb 2024₹5.4t₹4.4t₹75.3b38x71.9x1.2x
Sat, 27 Jan 2024₹5.6t₹4.6t₹79.8b39.9x70.8x1.2x
Mon, 25 Dec 2023₹5.5t₹4.6t₹79.4b37x69.7x1.2x
Wed, 22 Nov 2023₹5.4t₹4.6t₹79.4b36.4x67.5x1.2x
Fri, 20 Oct 2023₹5.2t₹5.0t₹84.4b35.4x62.1x1x
Sun, 17 Sep 2023₹5.1t₹5.0t₹84.3b32.1x60.3x1x
Tue, 15 Aug 2023₹5.0t₹4.8t₹81.4b30.4x61.4x1x
Thu, 13 Jul 2023₹4.9t₹4.8t₹86.4b33x56.3x1x
Sat, 10 Jun 2023₹4.6t₹4.8t₹86.3b28.5x53.3x1x
Mon, 08 May 2023₹4.5t₹4.5t₹94.6b24.2x47.2x1x
Wed, 05 Apr 2023₹4.2t₹4.5t₹92.3b23.1x45.4x0.9x
Price to Earnings Ratio

45.4x


Total Market Cap: ₹4.2tTotal Earnings: ₹92.3bTotal Revenue: ₹4.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Apparel, Accessories and Luxury Goods Industry Price to Earnings3Y Average 65.3x202420252026
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 50.2x which is lower than its 3-year average PE of 65.3x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.59x.
Past Earnings Growth
  • The earnings for companies in the Apparel, Accessories and Luxury Goods industry have grown 5.9% 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 Market-1.72%
Consumer Discretionary-2.00%
Luxury-2.67%
Apparel, Accessories and Luxury Goods-2.58%
Textiles-2.66%
Footwear-4.91%
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
KPRMILL K.P.R. Mill₹842.902.4%
+₹6.8b		-7.0%PE34.1x
KALYANKJIL Kalyan Jewellers India₹388.351.5%
+₹5.8b		-16.9%PE35.5x
532923 Renaissance Global₹101.808.1%
+₹821.0m		-17.0%PE13.2x
GOKEX Gokaldas Exports₹589.951.5%
+₹626.3m		-26.8%PE36.9x
PDSL PDS₹264.151.3%
+₹473.1m		-39.4%PE34.5x

Latest News

500414
₹257.50
Timex Group India
7D
-8.1%
1Y
66.7%
PGIL
₹1,392.10
Pearl Global Industries
7D
-6.5%
1Y
5.6%

PGIL: Upcoming Results Meeting Will Support Bullish Long Term Earnings Outlook

Analysts have kept their price target for Pearl Global Industries steady at about ₹2,373.50, with only marginal tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E, supporting a largely unchanged valuation view. What's in the News A board meeting is scheduled for February 6, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and period ended December 31, 2025 (Key Developments).
RAJESHEXPO
₹84.61
Rajesh Exports
7D
-10.0%
1Y
-54.4%
523025
₹1,441.40
Safari Industries (India)
7D
-5.4%
1Y
-27.1%
532923
₹101.80
Renaissance Global
7D
8.1%
1Y
-17.0%
500114
₹3,981.40
Titan
7D
-3.1%
1Y
29.9%

500114: Upcoming Board Decisions Will Shape Confidence In Future Returns

Analysts have nudged their price target for Titan slightly lower to around ₹4,794 from about ₹4,806, citing a small adjustment to fair value assumptions and a marginally lower discount rate, while keeping revenue growth, profit margin and future P/E expectations broadly unchanged. What's in the News Titan has scheduled a Special or Extraordinary Shareholders Meeting on Mar 23, 2026, via postal ballot in India to consider the appointment of Ms. Sandhya Venugopal Sharma as a Director (Key Developments).
GOKEX
₹589.95
Gokaldas Exports
7D
1.5%
1Y
-26.8%

GOKEX: January 2026 Results Meeting Will Strengthen Confidence In Future Earnings

Analysts have trimmed their price target on Gokaldas Exports from ₹987.33 to ₹956.80, reflecting a slightly lower assumed fair value and a more conservative future P/E multiple in their models. What's in the News Gokaldas Exports has scheduled a Board Meeting for January 31, 2026.
PDSL
₹264.15
PDS
7D
1.3%
1Y
-39.4%

PDSL: International Reactivations Will Support Higher Earnings Multiple Through 2026

Analysts have nudged their implied price target on PDS higher to ₹545, with only minor tweaks to the discount rate and future P/E assumptions, citing cautious optimism despite recent margin pressure and softer Q1 2026 expectations versus consensus. Analyst Commentary Street research around PDS points to cautious optimism, with several firms raising their implied value targets while highlighting both execution upside and near term pressures on margins and earnings expectations.
KALYANKJIL
₹388.35
Kalyan Jewellers India
7D
1.5%
1Y
-16.9%

KALYANKJIL: Future Returns Will Be Supported By Stable Margins And Governance Changes

Analysts have kept their fair value estimate for Kalyan Jewellers India steady at about ₹648.56 per share, with only small tweaks to inputs such as the discount rate and future P/E assumptions informing this unchanged price target. What's in the News Board meeting scheduled for Feb 06, 2026, at 14:00 Indian Standard Time to approve the unaudited standalone and consolidated financial results for the quarter ended 31 December, 2025 (company filing).
KPRMILL
₹842.90
K.P.R. Mill
7D
2.4%
1Y
-7.0%
507880
₹318.25
V.I.P. Industries
7D
-5.6%
1Y
13.8%
KKCL
₹429.95
Kewal Kiran Clothing
7D
0.7%
1Y
-6.6%
541967
₹327.80
Sky Gold and Diamonds
7D
-5.2%
1Y
2.4%
VAIBHAVGBL
₹185.14
Vaibhav Global
7D
-9.6%
1Y
-15.5%
PUSHPA
₹98.20
Pushpa Jewellers
7D
7.0%
1Y
n/a

Not Many Are Piling Into Pushpa Jewellers Limited (NSE:PUSHPA) Just Yet

Nov 12
Not Many Are Piling Into Pushpa Jewellers Limited (NSE:PUSHPA) Just Yet
540718
₹1,126.75
Aayush Art and Bullion
7D
1.6%
1Y
43.4%