Narrative Update • Jun 17
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Indian (NIFTY) Luxury Industry Analysis
UpdatedJun 21, 2026
DataAggregated Company Financials
Companies377
- 7D6.0%
- 3M14.0%
- 1Y6.4%
- YTD5.6%
The Luxury industry is up 6.0% in the last week, with Titan up 5.6%. Meanwhile, RSWM actually underperformed within the industry, shrinking 7.6% in the last week. In the last 12 months, the industry was up 6.4%. As for the next few years, earnings are expected to grow by 20% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 21 Jun 2026 | ₹8.3t | ₹11.7t | ₹174.7b | 20.1x | 47.4x | 0.7x |
| Tue, 19 May 2026 | ₹7.6t | ₹11.2t | ₹171.1b | 18x | 44.5x | 0.7x |
| Thu, 16 Apr 2026 | ₹8.0t | ₹11.0t | ₹166.4b | 17.8x | 48.1x | 0.7x |
| Sat, 14 Mar 2026 | ₹7.2t | ₹11.0t | ₹165.2b | 16.9x | 43.6x | 0.7x |
| Mon, 09 Feb 2026 | ₹7.8t | ₹9.7t | ₹200.6b | 18.2x | 38.8x | 0.8x |
| Wed, 07 Jan 2026 | ₹7.9t | ₹9.5t | ₹165.7b | 19.8x | 47.4x | 0.8x |
| Fri, 05 Dec 2025 | ₹7.7t | ₹9.5t | ₹165.6b | 20.5x | 46.7x | 0.8x |
| Sun, 02 Nov 2025 | ₹7.9t | ₹8.3t | ₹162.7b | 24.5x | 48.5x | 0.9x |
| Tue, 30 Sep 2025 | ₹7.4t | ₹8.3t | ₹163.2b | 23.1x | 45.4x | 0.9x |
| Thu, 28 Aug 2025 | ₹7.6t | ₹7.6t | ₹161.2b | 23.6x | 47x | 1x |
| Sat, 26 Jul 2025 | ₹7.9t | ₹6.4t | ₹156.1b | 26.3x | 50.6x | 1.2x |
| Mon, 23 Jun 2025 | ₹7.7t | ₹6.4t | ₹155.5b | 25.9x | 49.6x | 1.2x |
| Wed, 21 May 2025 | ₹7.9t | ₹6.3t | ₹153.8b | 24.4x | 51.4x | 1.2x |
| Fri, 18 Apr 2025 | ₹7.5t | ₹5.9t | ₹151.6b | 23x | 49.2x | 1.3x |
| Sun, 16 Mar 2025 | ₹6.7t | ₹5.9t | ₹151.4b | 21.9x | 44.5x | 1.1x |
| Tue, 11 Feb 2025 | ₹7.6t | ₹5.9t | ₹144.8b | 26.7x | 52.6x | 1.3x |
| Thu, 09 Jan 2025 | ₹8.6t | ₹5.8t | ₹172.5b | 29.3x | 49.6x | 1.5x |
| Sat, 07 Dec 2024 | ₹8.6t | ₹5.7t | ₹169.8b | 29.4x | 50.7x | 1.5x |
| Mon, 04 Nov 2024 | ₹8.0t | ₹5.4t | ₹165.8b | 30.8x | 48.4x | 1.5x |
| Wed, 02 Oct 2024 | ₹8.8t | ₹5.4t | ₹161.4b | 30.5x | 54.4x | 1.6x |
| Fri, 30 Aug 2024 | ₹8.2t | ₹5.4t | ₹161.3b | 31.1x | 51.1x | 1.5x |
| Sun, 28 Jul 2024 | ₹8.2t | ₹5.7t | ₹175.9b | 29.4x | 46.7x | 1.4x |
| Tue, 25 Jun 2024 | ₹7.7t | ₹5.7t | ₹175.4b | 27.6x | 44.2x | 1.4x |
| Thu, 23 May 2024 | ₹7.4t | ₹5.9t | ₹162.9b | 27.2x | 45.7x | 1.3x |
| Sat, 20 Apr 2024 | ₹7.4t | ₹5.8t | ₹132.3b | 28.8x | 56.1x | 1.3x |
| Mon, 18 Mar 2024 | ₹7.3t | ₹5.8t | ₹132.2b | 27.4x | 55.4x | 1.3x |
| Wed, 14 Feb 2024 | ₹7.5t | ₹6.1t | ₹138.9b | 28.2x | 53.7x | 1.2x |
| Fri, 12 Jan 2024 | ₹7.7t | ₹6.1t | ₹121.2b | 29x | 63.6x | 1.3x |
| Sun, 10 Dec 2023 | ₹7.5t | ₹6.1t | ₹120.8b | 26.8x | 62.5x | 1.2x |
| Tue, 07 Nov 2023 | ₹7.1t | ₹6.5t | ₹125.0b | 23.3x | 56.8x | 1.1x |
| Thu, 05 Oct 2023 | ₹6.8t | ₹6.5t | ₹125.6b | 22.6x | 54.5x | 1.1x |
| Sat, 02 Sep 2023 | ₹7.0t | ₹6.6t | ₹122.7b | 22x | 57.3x | 1.1x |
| Mon, 31 Jul 2023 | ₹6.6t | ₹6.2t | ₹127.9b | 22.1x | 51.3x | 1.1x |
| Wed, 28 Jun 2023 | ₹6.5t | ₹6.2t | ₹130.8b | 20.9x | 49.7x | 1x |
Price to Earnings Ratio
49.7x
Current Industry PE
- Investors are pessimistic on the Indian Luxury 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 47.4x which is lower than its 3-year average PE of 50.4x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.71x.
Past Earnings Growth
- The earnings for companies in the Luxury industry have grown 10% 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 | 2.85% | |
| Consumer Discretionary | 3.81% | |
| Luxury | 6.01% | |
| Apparel, Accessories and Luxury Goods | 6.10% | |
| Textiles | 5.76% | |
| Footwear | 5.48% | |
Industry PE
- Investors are most optimistic about the Footwear industry even though it's trading below its 3-year average PE ratio of 69.3x.
- Analysts are expecting annual earnings growth of 20.3%, which is higher than its past year's earnings growth of 5.2% per year.
- Investors are most pessimistic about the Textiles industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 28.2x.
Forecasted Growth
- Analysts are most optimistic on the Textiles industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings growth rate of 2.9% per year.
- In contrast, the Apparel, Accessories and Luxury Goods 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 | ₹4.42k | 5.6% +₹209.7b | 25.8% | PE77.4x | |
| KALYANKJIL Kalyan Jewellers India | ₹383.50 | 11.2% +₹40.0b | -26.0% | PE29.3x | |
| KPRMILL K.P.R. Mill | ₹1.16k | 8.8% +₹32.1b | 5.8% | PE45.7x | |
| 514162 Welspun Living | ₹162.10 | 17.0% +₹22.5b | 25.9% | PE76.1x | |
| PAGEIND Page Industries | ₹39.98k | 3.5% +₹15.1b | -11.0% | PE58.4x |
