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

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies133
  • 7D0.8%
  • 3M-4.8%
  • 1Y6.8%
  • YTDn/a

Over the last 7 days, the Apparel, Accessories and Luxury Goods industry has dropped 2.7%, driven by pullbacks in K.P.R. Mill and Rajesh Exports of 1.9% and 15%, respectively. Over the past 12 months, the industry was up 5.0%. 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, 21 Mar 2026₹5.6t₹9.4t₹109.7b21.4x51.5x0.6x
Mon, 16 Feb 2026₹6.0t₹8.0t₹109.4b23.6x54.6x0.7x
Wed, 14 Jan 2026₹6.0t₹7.9t₹99.7b25.7x60.7x0.8x
Fri, 12 Dec 2025₹5.8t₹7.9t₹99.8b25.9x58.3x0.7x
Sun, 09 Nov 2025₹5.9t₹6.7t₹99.0b30.9x59.5x0.9x
Tue, 07 Oct 2025₹5.5t₹6.7t₹93.3b27.8x59.5x0.8x
Thu, 04 Sep 2025₹5.8t₹5.9t₹91.7b28.8x63.5x1x
Sat, 02 Aug 2025₹5.6t₹4.8t₹85.5b31.1x65.5x1.2x
Mon, 30 Jun 2025₹6.0t₹4.8t₹84.4b31.5x70.6x1.2x
Wed, 28 May 2025₹5.9t₹4.8t₹83.4b30.1x70.5x1.2x
Fri, 25 Apr 2025₹5.5t₹4.4t₹80.8b31x68.3x1.3x
Sun, 23 Mar 2025₹5.2t₹4.4t₹80.8b29.3x64.4x1.2x
Tue, 18 Feb 2025₹5.3t₹4.4t₹80.9b28.4x65.3x1.2x
Thu, 16 Jan 2025₹5.8t₹4.3t₹78.3b35.3x73.5x1.3x
Sat, 14 Dec 2024₹6.3t₹4.3t₹78.1b38x80.9x1.5x
Mon, 11 Nov 2024₹5.8t₹4.0t₹77.5b39.4x74.8x1.5x
Wed, 09 Oct 2024₹6.1t₹4.0t₹75.9b38.6x79.7x1.5x
Fri, 06 Sep 2024₹6.1t₹4.0t₹79.0b39.9x77.3x1.5x
Sun, 04 Aug 2024₹5.7t₹4.2t₹78.7b36.7x72.8x1.4x
Tue, 02 Jul 2024₹5.5t₹4.2t₹79.4b34.3x69.8x1.3x
Thu, 30 May 2024₹5.2t₹4.4t₹75.8b34.5x69.2x1.2x
Sat, 27 Apr 2024₹5.5t₹4.4t₹74.5b35x73.6x1.3x
Mon, 25 Mar 2024₹5.4t₹4.4t₹74.5b33.9x72.9x1.2x
Wed, 21 Feb 2024₹5.5t₹4.4t₹75.3b38.9x73.2x1.3x
Fri, 19 Jan 2024₹5.6t₹4.6t₹79.6b39.2x70.7x1.2x
Sun, 17 Dec 2023₹5.5t₹4.6t₹79.4b37.1x69.6x1.2x
Tue, 14 Nov 2023₹5.2t₹5.1t₹81.6b35.9x64x1x
Thu, 12 Oct 2023₹5.2t₹5.0t₹84.3b33.7x61.2x1x
Sat, 09 Sep 2023₹5.1t₹5.0t₹84.2b31.4x60x1x
Mon, 07 Aug 2023₹4.7t₹4.8t₹83.2b32.3x56.9x1x
Wed, 05 Jul 2023₹4.8t₹4.8t₹86.4b31.8x55.6x1x
Fri, 02 Jun 2023₹4.5t₹4.8t₹87.1b26.1x52x0.9x
Sun, 30 Apr 2023₹4.4t₹4.5t₹92.6b24.7x47.3x1x
Tue, 28 Mar 2023₹4.1t₹4.5t₹92.3b21.7x44.6x0.9x
Price to Earnings Ratio

44.6x


Total Market Cap: ₹4.1tTotal 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 50.8x 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-0.17%
Consumer Discretionary1.44%
Luxury0.45%
Apparel, Accessories and Luxury Goods0.77%
Textiles0.28%
Footwear-5.63%
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
500114 Titan₹4.11k0.9%
+₹32.5b		29.9%PE76.5x
PAGEIND Page Industries₹32.01k5.7%
+₹19.2b		-24.0%PE47.7x
KALYANKJIL Kalyan Jewellers India₹382.701.0%
+₹3.8b		-18.8%PE35x
MANYAVAR Vedant Fashions₹355.153.7%
+₹3.1b		-54.5%PE23.8x
LUXIND Lux Industries₹941.109.0%
+₹2.3b		-34.4%PE26.2x

Latest News

PDSL
₹260.80
PDS
7D
-3.2%
1Y
-43.0%

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
₹382.70
Kalyan Jewellers India
7D
1.0%
1Y
-18.8%

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
₹823.10
K.P.R. Mill
7D
-1.9%
1Y
-11.9%
PGIL
₹1,489.50
Pearl Global Industries
7D
1.9%
1Y
15.7%

PGIL: Upcoming Board Meeting Will Reinforce Bullish Long Term Earnings Outlook

Analysts have maintained their price target for Pearl Global Industries at ₹2,373.50. They cited only marginal refinements to assumptions such as discount rate, revenue growth, profit margin and future P/E, which did not materially change their overall valuation view.
PAGEIND
₹32,005.00
Page Industries
7D
5.7%
1Y
-24.0%

PAGEIND: Steady Outlook Will Face Upcoming Board Call On Interim Dividend

Analysts have kept their price target for Page Industries unchanged at ₹31,000, as small tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions largely offset one another in their updated models. What's in the News A board meeting is scheduled for Feb 5, 2026, to review and take on record the unaudited financial results for the quarter ended Dec 31, 2025 (company filing).
MANYAVAR
₹355.15
Vedant Fashions
7D
3.7%
1Y
-54.5%

MANYAVAR: Stable Assumptions And Upcoming Results Will Support Long Term Upside

Analysts have kept their fair value estimate for Vedant Fashions steady at ₹553.2 per share, with only minor tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E. This has led to a largely unchanged price outlook in the latest update.
500114
₹4,108.20
Titan
7D
0.9%
1Y
29.9%

500114: Upcoming Leadership Decisions At Shareholder Meetings Will Support Stronger Future Return Expectations

Analysts have inched up their fair value estimate for Titan from about ₹4,788 to roughly ₹4,806. This reflects slightly lower discount rate assumptions while keeping revenue growth, profit margin and future P/E expectations broadly unchanged.
RAJESHEXPO
₹94.01
Rajesh Exports
7D
-14.6%
1Y
-49.8%
532923
₹94.15
Renaissance Global
7D
-7.6%
1Y
-29.8%
LUXIND
₹941.10
Lux Industries
7D
9.0%
1Y
-34.4%
DOLLAR
₹260.05
Dollar Industries
7D
5.4%
1Y
-35.7%
521248
₹159.60
Kitex Garments
7D
-3.5%
1Y
-8.1%
KKCL
₹426.85
Kewal Kiran Clothing
7D
-7.5%
1Y
-11.8%
523025
₹1,523.15
Safari Industries (India)
7D
-4.3%
1Y
-26.2%
541967
₹345.80
Sky Gold and Diamonds
7D
3.4%
1Y
2.8%
CANTABIL
₹237.05
Cantabil Retail India
7D
-5.7%
1Y
-12.3%