Narrative Update • Jul 06
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Indian (NIFTY) Apparel Retail Industry Analysis
UpdatedJul 08, 2026
DataAggregated Company Financials
Companies28
- 7D-6.5%
- 3M9.2%
- 1Y-18.7%
- YTDn/a
Over the last 7 days, the Apparel Retail industry has dropped 6.5%, driven by a pullback from Trent of 11%. Meanwhile, Metro Brands actually outperformed within the industry, gaining 5.3% in the last week. However, the industry is down 19% over the past year. Looking forward, earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the Indian Apparel Retail Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 Jul 2026 | ₹2.5t | ₹714.3b | ₹33.8b | 31.3x | 73.7x | 3.5x |
| Fri, 05 Jun 2026 | ₹2.5t | ₹715.2b | ₹33.8b | 33.6x | 72.7x | 3.4x |
| Sun, 03 May 2026 | ₹2.4t | ₹683.9b | ₹33.8b | 16.8x | 70.6x | 3.5x |
| Tue, 31 Mar 2026 | ₹2.0t | ₹678.1b | ₹33.2b | 18.4x | 59.5x | 2.9x |
| Thu, 26 Feb 2026 | ₹2.3t | ₹676.8b | ₹33.1b | 25x | 70.2x | 3.4x |
| Sat, 24 Jan 2026 | ₹2.3t | ₹647.3b | ₹26.4b | 23.2x | 85.3x | 3.5x |
| Mon, 22 Dec 2025 | ₹2.5t | ₹646.1b | ₹26.3b | 25.4x | 94.2x | 3.8x |
| Wed, 19 Nov 2025 | ₹2.6t | ₹644.4b | ₹26.3b | 31.2x | 100.4x | 4.1x |
| Fri, 17 Oct 2025 | ₹2.8t | ₹624.5b | ₹25.0b | 34.3x | 112.4x | 4.5x |
| Sun, 14 Sep 2025 | ₹3.0t | ₹626.1b | ₹25.1b | 32.6x | 117.9x | 4.7x |
| Tue, 12 Aug 2025 | ₹3.0t | ₹618.6b | ₹24.9b | 34x | 120x | 4.8x |
| Thu, 10 Jul 2025 | ₹3.0t | ₹525.7b | ₹23.3b | 38.9x | 130.8x | 5.8x |
| Sat, 07 Jun 2025 | ₹3.0t | ₹524.4b | ₹23.3b | 37.8x | 127.6x | 5.7x |
| Mon, 05 May 2025 | ₹2.9t | ₹591.9b | ₹23.6b | 42.5x | 121.9x | 4.9x |
| Wed, 02 Apr 2025 | ₹3.0t | ₹582.3b | ₹27.4b | 43.4x | 109.8x | 5.2x |
| Fri, 28 Feb 2025 | ₹2.8t | ₹580.6b | ₹27.3b | 47.3x | 101x | 4.8x |
| Sun, 26 Jan 2025 | ₹3.2t | ₹555.5b | ₹26.1b | 62x | 121.1x | 5.7x |
| Tue, 24 Dec 2024 | ₹3.7t | ₹552.1b | ₹25.7b | 67.6x | 144.5x | 6.7x |
| Thu, 21 Nov 2024 | ₹3.5t | ₹551.2b | ₹25.7b | 68.5x | 135x | 6.3x |
| Sat, 19 Oct 2024 | ₹4.1t | ₹521.2b | ₹24.3b | 70x | 169x | 7.9x |
| Mon, 16 Sep 2024 | ₹3.9t | ₹520.9b | ₹24.4b | 59.3x | 158.2x | 7.4x |
| Wed, 14 Aug 2024 | ₹3.4t | ₹510.8b | ₹24.5b | 49.8x | 140.5x | 6.7x |
| Fri, 12 Jul 2024 | ₹3.2t | ₹489.1b | ₹21.8b | 57.1x | 146.6x | 6.5x |
| Sun, 09 Jun 2024 | ₹2.9t | ₹489.2b | ₹21.8b | 57.5x | 132.5x | 5.9x |
| Tue, 07 May 2024 | ₹2.6t | ₹480.9b | ₹20.6b | 58.5x | 126.2x | 5.4x |
| Thu, 04 Apr 2024 | ₹2.4t | ₹466.4b | ₹14.1b | 58.7x | 169.4x | 5.1x |
| Sat, 02 Mar 2024 | ₹2.4t | ₹466.4b | ₹14.1b | 58x | 167.5x | 5.1x |
| Mon, 29 Jan 2024 | ₹2.1t | ₹441.3b | ₹12.8b | 53.9x | 167.5x | 4.8x |
| Wed, 27 Dec 2023 | ₹2.0t | ₹434.1b | ₹12.0b | 52.4x | 166.5x | 4.6x |
| Fri, 24 Nov 2023 | ₹1.9t | ₹433.7b | ₹12.0b | 59x | 159.2x | 4.4x |
| Sun, 22 Oct 2023 | ₹1.7t | ₹436.4b | ₹13.1b | 47.2x | 125.7x | 3.8x |
| Tue, 19 Sep 2023 | ₹1.5t | ₹402.1b | ₹11.6b | 44.2x | 131.9x | 3.8x |
| Thu, 17 Aug 2023 | ₹1.3t | ₹274.5b | ₹14.4b | 47.8x | 87.9x | 4.6x |
| Sat, 15 Jul 2023 | ₹1.1t | ₹203.5b | ₹10.7b | 57.3x | 98.8x | 5.2x |
Price to Earnings Ratio
98.8x
Current Industry PE
- Investors are pessimistic on the Indian Apparel Retail 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 73.7x which is lower than its 3-year average PE of 123x.
- The 3-year average PS ratio of 5.0x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Apparel Retail industry have grown 47% per year over the last three years.
- Revenues for these companies have grown 52% 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 Retail compare with similar industries?
| IN Market | 1.24% | |
| Consumer Discretionary | 2.59% | |
| Specialty Stores | -1.94% | |
| Apparel Retail | -6.46% | |
| Automotive Retail | 2.69% | |
| Specialty Stores | 2.45% | |
| Computer and Electronics Retail | 1.20% | |
| Home Improvement Retail | -1.68% | |
| Home Furnishing Retail | -5.54% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| METROBRAND Metro Brands | ₹1.06k | 5.3% +₹14.5b | -9.3% | PE70.1x | |
| STYLEBAAZA Baazar Style Retail | ₹309.25 | 10.8% +₹2.3b | 6.2% | PE50.2x | |
| ABFRL Aditya Birla Fashion and Retail | ₹59.63 | 2.7% +₹1.9b | -25.0% | PS0.9x | |
| ETHOSLTD Ethos | ₹2.50k | 2.2% +₹1.4b | -7.4% | PE70.6x | |
| V2RETAIL V2 Retail | ₹229.27 | 1.1% +₹904.3m | 16.2% | PE51.6x |
