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Indian (NIFTY) Luxury Industry Analysis

UpdatedApr 18, 2026
DataAggregated Company Financials
Companies373
  • 7D2.0%
  • 3M4.6%
  • 1Y7.5%
  • YTD3.3%

Over the last 7 days, the Luxury industry has risen 2.0%, and Titan contributed the most with a gain of 0.5%. This takes the industry's 12 month performance to a gain of 7.5%. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

Has the Indian Luxury Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 18 Apr 2026₹8.0t₹11.0t₹166.3b17.9x48.4x0.7x
Mon, 16 Mar 2026₹7.2t₹11.0t₹165.2b16.9x43.6x0.7x
Wed, 11 Feb 2026₹8.0t₹9.6t₹161.9b18.9x49.4x0.8x
Fri, 09 Jan 2026₹7.9t₹9.5t₹165.7b19x47.7x0.8x
Sun, 07 Dec 2025₹7.7t₹9.5t₹165.6b20.4x46.6x0.8x
Tue, 04 Nov 2025₹7.9t₹8.3t₹162.8b24.6x48.6x1x
Thu, 02 Oct 2025₹7.4t₹8.3t₹163.1b23.1x45.6x0.9x
Sat, 30 Aug 2025₹7.6t₹7.6t₹161.2b23.8x47.2x1x
Mon, 28 Jul 2025₹7.9t₹6.4t₹156.1b26x50.6x1.2x
Wed, 25 Jun 2025₹7.8t₹6.4t₹155.7b26.4x50.1x1.2x
Fri, 23 May 2025₹7.9t₹6.4t₹155.0b24.8x51.1x1.2x
Sun, 20 Apr 2025₹7.5t₹5.9t₹151.6b23x49.2x1.3x
Tue, 18 Mar 2025₹6.7t₹5.9t₹151.4b21.5x44.2x1.1x
Thu, 13 Feb 2025₹7.4t₹5.9t₹147.0b25.4x50.6x1.3x
Sat, 11 Jan 2025₹8.3t₹5.8t₹172.2b28.4x48x1.4x
Mon, 09 Dec 2024₹8.6t₹5.7t₹169.8b29.4x50.7x1.5x
Wed, 06 Nov 2024₹7.9t₹5.4t₹165.7b30.7x47.7x1.5x
Fri, 04 Oct 2024₹8.6t₹5.4t₹161.4b29.6x53.1x1.6x
Sun, 01 Sep 2024₹8.3t₹5.4t₹161.3b30.8x51.5x1.5x
Tue, 30 Jul 2024₹8.2t₹5.7t₹175.9b28.9x46.5x1.4x
Thu, 27 Jun 2024₹7.7t₹5.7t₹175.4b27.8x44.2x1.4x
Sat, 25 May 2024₹7.5t₹5.9t₹163.0b26.9x45.7x1.3x
Mon, 22 Apr 2024₹7.5t₹5.8t₹132.3b28.4x56.4x1.3x
Wed, 20 Mar 2024₹7.2t₹5.8t₹132.2b27.2x54.8x1.2x
Fri, 16 Feb 2024₹7.6t₹6.1t₹137.8b30.3x55x1.2x
Sun, 14 Jan 2024₹7.8t₹6.1t₹121.2b29x64x1.3x
Tue, 12 Dec 2023₹7.6t₹6.1t₹120.8b27.5x62.5x1.2x
Thu, 09 Nov 2023₹7.2t₹6.5t₹125.1b24x57.5x1.1x
Sat, 07 Oct 2023₹7.0t₹6.5t₹125.6b23.1x56.1x1.1x
Mon, 04 Sep 2023₹7.0t₹6.6t₹122.7b22x57.4x1.1x
Wed, 02 Aug 2023₹6.6t₹6.2t₹127.8b22.3x51.9x1.1x
Fri, 30 Jun 2023₹6.5t₹6.2t₹130.8b21.5x50x1.1x
Sun, 28 May 2023₹6.1t₹6.0t₹139.4b18.3x43.8x1x
Tue, 25 Apr 2023₹6.0t₹6.0t₹155.4b16.2x38.5x1x
Price to Earnings Ratio

38.5x


Total Market Cap: ₹6.0tTotal Earnings: ₹155.4bTotal Revenue: ₹6.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Luxury Industry Price to Earnings3Y Average 50.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the Indian Luxury industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 50.3x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.73x.
Past Earnings Growth
  • The earnings for companies in the Luxury industry have grown 2.3% 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 Market2.92%
Consumer Discretionary1.51%
Luxury2.01%
Footwear5.32%
Textiles3.07%
Apparel, Accessories and Luxury Goods1.61%
Industry PE
  • Investors are most optimistic about the Apparel, Accessories and Luxury Goods industry even though it's trading below its 3-year average PE ratio of 65.5x.
    • Analysts are expecting annual earnings growth of 20.2%, which is lower than the prior year's growth of 23.7% per year.
  • Investors are most pessimistic about the Textiles industry, which is trading close to its 3-year average of 27.9x.
Forecasted Growth
  • Analysts are most optimistic on the Textiles industry, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings growth rate of 1.3% per year.
  • In contrast, the Footwear 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?

CompanyLast Price7D1YValuation
500114 Titan₹4.53k0.5%
+₹21.4b		36.1%PE84.3x
PAGEIND Page Industries₹37.98k5.3%
+₹21.4b		-15.3%PE56.5x
KPRMILL K.P.R. Mill₹927.706.4%
+₹19.1b		-13.0%PE37.6x
MANYAVAR Vedant Fashions₹442.5511.7%
+₹11.2b		-43.1%PE29.7x
503310 Swan₹354.809.5%
+₹9.6b		-17.5%PS2.6x

Latest News

KALYANKJIL
₹426.85
Kalyan Jewellers India
7D
-5.0%
1Y
-18.6%
521016
₹276.45
Indo Count Industries
7D
11.0%
1Y
-8.5%

521016: Future Returns Will Reflect CEO Vacancy Resolution And Upcoming Earnings Results

Analysts have adjusted their price target for Indo Count Industries slightly lower from ₹361 to about ₹353, citing updated views on the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Executive Director & CEO, Mr. Kailash R.
GJL
₹151.45
Grover Jewells
7D
-9.9%
1Y
n/a
500101
₹387.20
Arvind
7D
-0.7%
1Y
4.6%

500101: Asset Reallocation And UAE Subsidiary Setup Will Support Forward Repricing Potential

Analysts have held Arvind's fair value steady at ₹444.17 per share, highlighting slightly higher assumed discount rates and P/E expectations, along with a modest adjustment to profit margin assumptions in their refreshed price target work. What's in the News Arvind has scheduled a Special and Extraordinary Shareholders Meeting on Mar 11, 2026, to be conducted via postal ballot in India, focused on several resolutions linked to its employee stock option scheme and a material subsidiary (company disclosure).
502986
₹557.75
Vardhman Textiles
7D
-0.5%
1Y
11.0%

502986: Object Clause Change Will Sustain Concern Over Rich Earnings Multiple

Analysts have adjusted their price target on Vardhman Textiles to ₹472.6 from ₹445.6, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Board meeting on January 20, 2026, to review unaudited financial results for the quarter and nine months ended December 31, 2025, along with the limited review report (company announcement).
526729
₹406.05
Goldiam International
7D
17.7%
1Y
2.2%
MANYAVAR
₹442.55
Vedant Fashions
7D
11.7%
1Y
-43.1%

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

Analysts have maintained their fair value estimate for Vedant Fashions at ₹540.20 per share, with only marginal adjustments to inputs such as discount rate, revenue growth, profit margin and future P/E guiding the updated price target narrative. What's in the News Vedant Fashions has scheduled a board meeting on February 12, 2026 to consider and approve the unaudited financial results for the quarter and nine months ended December 31, 2025, along with the auditor's limited review report (company filing).
500114
₹4,526.30
Titan
7D
0.5%
1Y
36.1%

500114: Upcoming Board Meeting Will Reinforce Confidence In Future Returns

Analysts have adjusted Titan's fair value estimate slightly higher to ₹4,802 from ₹4,794, reflecting updated views on revenue growth, profit margins, and future P/E assumptions. What's in the News Titan has scheduled a Board Meeting on Feb 10, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
PAGEIND
₹37,975.00
Page Industries
7D
5.3%
1Y
-15.3%

PAGEIND: Upcoming Interim Dividend Will Support Constructive Forward Outlook

Analysts have trimmed their fair value price target for Page Industries from ₹39,187 to ₹37,988, citing slightly softer revenue growth assumptions and a lower future P/E multiple, which is partly balanced by a marginally higher profit margin outlook. What's in the News Board meeting scheduled for Feb 5, 2026, to review unaudited financial results for the quarter ended Dec 31, 2025 (company filing).
500043
₹757.05
Bata India
7D
5.8%
1Y
-38.1%

500043: Upcoming Board Meeting Will Support Bullish Earnings Margin Outlook

Analysts have kept their fair value estimate for Bata India steady at ₹986.0, while updating assumptions to reflect adjusted revenue growth, profit margin, and a higher future P/E outlook. What's in the News Bata India has scheduled a board meeting on Feb 09, 2026 to consider and approve the unaudited standalone financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
532893
₹75.65
VTM
7D
-8.6%
1Y
-8.7%
538119
₹13.96
R & B Denims
7D
-14.9%
1Y
-50.9%
KPRMILL
₹927.70
K.P.R. Mill
7D
6.4%
1Y
-13.0%
503310
₹354.80
Swan
7D
9.5%
1Y
-17.5%
507880
₹320.10
V.I.P. Industries
7D
-1.3%
1Y
12.3%
GOLDKART
₹222.00
Goldkart Jewels
7D
-8.8%
1Y
7.5%