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

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies134
  • 7D0.6%
  • 3M-6.4%
  • 1Y7.6%
  • YTDn/a

The Apparel, Accessories and Luxury Goods is pretty flat in the last 7 days, but Kalyan Jewellers India has stood out, gaining 4.9%. The past year has been better, since the industry has gained 7.6% in that time. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Mar 2026₹5.6t₹9.4t₹109.7b20x51.1x0.6x
Sun, 22 Feb 2026₹6.0t₹9.4t₹108.7b24.5x54.8x0.6x
Tue, 20 Jan 2026₹5.9t₹7.9t₹99.7b25.2x59x0.7x
Thu, 18 Dec 2025₹5.9t₹7.9t₹99.8b26.4x58.7x0.7x
Sat, 15 Nov 2025₹6.0t₹6.8t₹99.5b29.2x59.9x0.9x
Mon, 13 Oct 2025₹5.6t₹6.7t₹93.4b27.4x60.4x0.8x
Wed, 10 Sep 2025₹5.7t₹5.9t₹92.5b28.9x62.1x1x
Fri, 08 Aug 2025₹5.6t₹5.9t₹86.0b29.7x65.6x1x
Sun, 06 Jul 2025₹6.1t₹4.8t₹84.6b33.2x71.6x1.3x
Tue, 03 Jun 2025₹5.8t₹4.8t₹84.6b30.8x68.7x1.2x
Thu, 01 May 2025₹5.5t₹4.4t₹80.8b30.2x67.5x1.2x
Sat, 29 Mar 2025₹5.1t₹4.4t₹80.8b28.1x62.8x1.2x
Mon, 24 Feb 2025₹5.2t₹4.4t₹80.8b29.9x64.7x1.2x
Wed, 22 Jan 2025₹5.7t₹4.3t₹78.4b37.4x72.5x1.3x
Fri, 20 Dec 2024₹6.2t₹4.3t₹78.2b39.8x79.3x1.4x
Sun, 17 Nov 2024₹5.7t₹4.0t₹78.1b32.5x72.5x1.4x
Tue, 15 Oct 2024₹6.1t₹4.0t₹75.9b39.3x80.3x1.5x
Thu, 12 Sep 2024₹6.1t₹4.0t₹79.0b41.1x77.2x1.5x
Sat, 10 Aug 2024₹5.6t₹4.2t₹78.0b38x71.5x1.3x
Mon, 08 Jul 2024₹5.4t₹4.2t₹79.4b35.1x68.1x1.3x
Wed, 05 Jun 2024₹5.0t₹4.2t₹79.4b33.1x63.6x1.2x
Fri, 03 May 2024₹5.5t₹4.4t₹74.6b37.1x73.2x1.3x
Sun, 31 Mar 2024₹5.6t₹4.4t₹74.5b33.1x74.6x1.3x
Tue, 27 Feb 2024₹5.5t₹4.4t₹75.3b38.9x72.8x1.2x
Thu, 25 Jan 2024₹5.6t₹4.6t₹79.7b40.4x70.6x1.2x
Sat, 23 Dec 2023₹5.5t₹4.6t₹79.4b37x69.7x1.2x
Mon, 20 Nov 2023₹5.3t₹4.6t₹78.7b36.2x67.1x1.1x
Wed, 18 Oct 2023₹5.2t₹5.0t₹84.4b33.3x61.4x1x
Fri, 15 Sep 2023₹5.1t₹5.0t₹84.3b31.1x60x1x
Sun, 13 Aug 2023₹5.0t₹4.8t₹81.4b33.1x61.5x1x
Tue, 11 Jul 2023₹4.8t₹4.8t₹86.4b31.2x55.5x1x
Thu, 08 Jun 2023₹4.7t₹4.8t₹86.3b28.5x53.9x1x
Sat, 06 May 2023₹4.5t₹4.5t₹94.6b24.2x47.2x1x
Mon, 03 Apr 2023₹4.2t₹4.5t₹92.3b22x45x0.9x
Price to Earnings Ratio

45x


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 51.1x 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 0.60x.
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 Market1.06%
Consumer Discretionary1.33%
Luxury0.48%
Apparel, Accessories and Luxury Goods0.61%
Footwear0.24%
Textiles-0.016%
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₹391.854.9%
+₹18.8b		-16.5%PE35.9x
PAGEIND Page Industries₹32.64k4.5%
+₹15.7b		-25.6%PE48.6x
KPRMILL K.P.R. Mill₹855.402.5%
+₹7.2b		-8.1%PE34.6x
PDSL PDS₹281.609.0%
+₹3.3b		-35.4%PE36.8x
GOKEX Gokaldas Exports₹621.157.7%
+₹3.3b		-24.5%PE38.9x

Latest News

MANYAVAR
₹354.75
Vedant Fashions
7D
-1.2%
1Y
-54.6%

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

Analysts have reduced their price target on Vedant Fashions from ₹553.20 to ₹540.20. This reflects slightly revised fair value assumptions along with modest adjustments to the discount rate, long term revenue growth, profit margin, and forward P/E inputs.
RAJESHEXPO
₹89.06
Rajesh Exports
7D
-9.8%
1Y
-54.4%
523025
₹1,522.75
Safari Industries (India)
7D
-4.7%
1Y
-21.6%
500114
₹4,038.40
Titan
7D
0.07%
1Y
30.9%

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).
PAGEIND
₹32,635.00
Page Industries
7D
4.5%
1Y
-25.6%

PAGEIND: Overvaluation Concerns Will Hinge On Upcoming Interim Dividend Decision

Analysts have trimmed their price target on Page Industries from ₹31,000 to about ₹29,042. This reflects updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E expectations.
GOKEX
₹621.15
Gokaldas Exports
7D
7.7%
1Y
-24.5%

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
₹281.60
PDS
7D
9.0%
1Y
-35.4%

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
₹391.85
Kalyan Jewellers India
7D
4.9%
1Y
-16.5%

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
₹855.40
K.P.R. Mill
7D
2.5%
1Y
-8.1%
PGIL
₹1,440.00
Pearl Global Industries
7D
-3.2%
1Y
4.6%

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.
LUXIND
₹921.65
Lux Industries
7D
1.4%
1Y
-34.2%
543953
₹652.05
Khazanchi Jewellers
7D
-7.7%
1Y
11.2%
KKCL
₹449.85
Kewal Kiran Clothing
7D
3.6%
1Y
-2.4%
VAIBHAVGBL
₹195.73
Vaibhav Global
7D
-3.6%
1Y
-12.0%
CANTABIL
₹228.60
Cantabil Retail India
7D
-6.2%
1Y
-15.5%
500414
₹269.25
Timex Group India
7D
-3.5%
1Y
72.4%