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Indian (NIFTY) Luxury Industry Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies381
  • 7D2.2%
  • 3M15.6%
  • 1Y1.5%
  • YTD6.1%

In the last week, the Luxury industry is up 2.2%, with Titan up 1.5%. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Jul 2026₹8.3t₹11.7t₹175.5b20.3x47.5x0.7x
Fri, 29 May 2026₹7.7t₹11.3t₹174.3b17.8x44.3x0.7x
Sun, 26 Apr 2026₹7.9t₹11.0t₹165.9b18.4x47.7x0.7x
Tue, 24 Mar 2026₹6.9t₹11.0t₹166.2b15.9x41.6x0.6x
Thu, 19 Feb 2026₹7.9t₹11.0t₹165.1b18.4x47.6x0.7x
Sat, 17 Jan 2026₹7.7t₹9.5t₹165.8b19.4x46.7x0.8x
Mon, 15 Dec 2025₹7.7t₹9.5t₹165.6b20.3x46.8x0.8x
Wed, 12 Nov 2025₹7.9t₹8.4t₹166.3b23.9x47.6x0.9x
Fri, 10 Oct 2025₹7.6t₹8.3t₹163.3b23.4x46.5x0.9x
Sun, 07 Sep 2025₹7.7t₹7.6t₹162.0b24x47.5x1x
Tue, 05 Aug 2025₹7.6t₹6.4t₹157.1b25.4x48.6x1.2x
Thu, 03 Jul 2025₹8.1t₹6.4t₹155.5b26.5x52.2x1.3x
Sat, 31 May 2025₹7.9t₹6.4t₹154.1b25.7x51.4x1.2x
Mon, 28 Apr 2025₹7.4t₹5.9t₹149.2b23x49.6x1.3x
Wed, 26 Mar 2025₹7.0t₹5.9t₹151.5b22.8x46x1.2x
Fri, 21 Feb 2025₹7.2t₹5.9t₹151.5b23.4x47.5x1.2x
Sun, 19 Jan 2025₹8.1t₹5.8t₹172.7b28.7x46.8x1.4x
Tue, 17 Dec 2024₹8.9t₹5.7t₹169.8b30x52.5x1.6x
Thu, 14 Nov 2024₹7.8t₹5.4t₹164.9b30x47.6x1.4x
Sat, 12 Oct 2024₹8.4t₹5.4t₹161.5b30.2x52x1.6x
Mon, 09 Sep 2024₹8.4t₹5.4t₹164.5b30.1x51.2x1.6x
Wed, 07 Aug 2024₹8.0t₹5.7t₹176.9b30.5x45.2x1.4x
Fri, 05 Jul 2024₹7.8t₹5.7t₹175.4b29x44.6x1.4x
Sun, 02 Jun 2024₹7.2t₹5.9t₹165.1b25.6x43.7x1.2x
Tue, 30 Apr 2024₹7.6t₹5.8t₹132.4b29.4x57.5x1.3x
Thu, 28 Mar 2024₹7.5t₹5.8t₹132.2b27.4x56.7x1.3x
Sat, 24 Feb 2024₹7.7t₹5.8t₹133.0b30.6x57.8x1.3x
Mon, 22 Jan 2024₹7.7t₹6.1t₹121.1b29.5x63.9x1.3x
Wed, 20 Dec 2023₹7.6t₹6.1t₹120.8b27.1x62.5x1.2x
Fri, 17 Nov 2023₹7.2t₹6.1t₹120.8b26.6x59.6x1.2x
Sun, 15 Oct 2023₹7.1t₹6.5t₹125.8b23x56.1x1.1x
Tue, 12 Sep 2023₹7.0t₹6.5t₹125.5b23.3x56x1.1x
Thu, 10 Aug 2023₹6.6t₹6.2t₹121.9b23.1x54.5x1.1x
Sat, 08 Jul 2023₹6.7t₹6.2t₹130.0b22x51.2x1.1x
Price to Earnings Ratio

51.2x


Total Market Cap: ₹6.7tTotal Earnings: ₹130.0bTotal Revenue: ₹6.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Luxury Industry Price to Earnings3Y Average 50.4x202420252026
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 50.4x.
  • 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 11% 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-0.26%
Consumer Discretionary0.44%
Luxury2.21%
Apparel, Accessories and Luxury Goods2.48%
Footwear1.59%
Textiles1.29%
Industry PE
  • Investors are most optimistic about the Footwear industry even though it's trading below its 3-year average PE ratio of 69.0x.
    • Analysts are expecting annual earnings growth of 19.8%, 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 30% over the next 5 years.
  • This is better than its past earnings growth rate of 3.1% 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?

CompanyLast Price7D1YValuation
500114 Titan₹4.40k1.5%
+₹58.6b		18.6%PE76.9x
PAGEIND Page Industries₹43.61k6.7%
+₹30.4b		-8.2%PE63.7x
530517 Relaxo Footwears₹411.6011.7%
+₹10.7b		-6.4%PE57.2x
KALYANKJIL Kalyan Jewellers India₹381.051.3%
+₹5.0b		-34.9%PE29.1x
541967 Sky Gold and Diamonds₹529.205.2%
+₹4.1b		68.6%PE29.8x

Latest News

500114
₹4,396.45
Titan
7D
1.5%
1Y
18.6%
KPRMILL
₹1,191.60
K.P.R. Mill
7D
-2.2%
1Y
7.4%
PAGEIND
₹43,610.00
Page Industries
7D
6.7%
1Y
-8.2%
514162
₹165.20
Welspun Living
7D
-2.6%
1Y
18.3%
Narrative Update • Jun 29

514162: Share Buyback And Dividend Will Support Future Earnings Profile

Analysts have raised their price target for Welspun Living from ₹180.00 to about ₹196.23, reflecting revised assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E estimates. What’s in the News for Welspun Living Board meeting on May 15, 2026 to consider audited financial results for the quarter and year ended March 31, 2026; a potential dividend recommendation; a share buyback proposal; appointment of DAM Capital Advisors Limited as buyback manager; appointment of Ms. Shraddha Popat as Company Secretary; a proposed stake acquisition in CleanMax Dhyuthi Private Limited; and other matters.
530517
₹411.60
Relaxo Footwears
7D
11.7%
1Y
-6.4%
541967
₹529.20
Sky Gold and Diamonds
7D
5.2%
1Y
68.6%
Narrative Update • Jun 26

541967: New Leadership And Auditor Transition Will Support Stronger Future Profitability

Analysts have revised their price target for Sky Gold and Diamonds to ₹597.33 from ₹501.50, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News Sky Gold and Diamonds has appointed Mr. Akash Talesara as Chief Executive Officer with effect from June 9, 2026, following approval by the board based on recommendations from the Nomination and Remuneration Committee and the Audit Committee.
KALYANKJIL
₹381.05
Kalyan Jewellers India
7D
1.3%
1Y
-34.9%
Narrative Update • Jun 26

KALYANKJIL: Future Dividend Decision Will Shape This Bullish Repricing

Analysts have adjusted their price target for Kalyan Jewellers India to ₹491.92 from ₹515.03, reflecting updated views on expected revenue growth, profit margins, and future P/E assumptions. What’s in the News for Kalyan Jewellers India Board meeting scheduled for May 8, 2026 at 13:00 Indian Standard Time to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
500414
₹518.80
Timex Group India
7D
5.0%
1Y
136.0%
MANYAVAR
₹401.65
Vedant Fashions
7D
-2.4%
1Y
-50.0%
Narrative Update • Jun 25

MANYAVAR: Upcoming Dividend Will Support Long Term Upside

Analysts have kept their price target for Vedant Fashions broadly unchanged around ₹507.5, citing relatively stable assumptions on discount rate, long term revenue growth, profit margin and future P/E as the basis for this narrative update. What's in the News Vedant Fashions has scheduled a Board meeting on Jun 25, 2026 to consider and approve the grant of stock options to eligible employees under the VFL Employee Stock Option Scheme 2018, Scheme Pratham, as amended.
GOKEX
₹888.70
Gokaldas Exports
7D
3.4%
1Y
-4.5%
Narrative Update • Jun 24

GOKEX: Board Review Of Guarantees And Results Will Shape Earnings Confidence

Analysts have nudged their price target on Gokaldas Exports higher from ₹885 to ₹913, citing updated fair value estimates that reflect modest tweaks to discount rate assumptions, revenue growth expectations, profit margin forecasts, and the future P/E multiple. What’s in the News Gokaldas Exports has scheduled a board meeting on May 22, 2026, at 20:00 Indian Standard Time.
500043
₹682.75
Bata India
7D
-4.5%
1Y
-44.4%
Narrative Update • Jun 23

500043: Future Returns Will Reflect Trimmed Assumptions And Leadership Transition Plans

The analyst price target for Bata India has been revised from ₹831.63 to ₹723.13, with analysts citing updated assumptions on discount rate, revenue growth, profit margin and future P/E as key drivers of the change. What’s in the News for Bata India The board of directors has appointed Mr. Sanjay S.
RAJESHEXPO
₹87.32
Rajesh Exports
7D
-14.5%
1Y
-57.1%
526729
₹446.75
Goldiam International
7D
-3.8%
1Y
30.6%
503310
₹314.80
Swan
7D
-3.0%
1Y
-28.5%
TRIDENT
₹26.31
Trident
7D
-1.8%
1Y
-14.4%
508933
₹247.90
AYM Syntex
7D
15.1%
1Y
6.3%