Analysis Article • May 20
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Indian (NIFTY) Apparel Retail Industry Analysis
UpdatedMay 23, 2026
DataAggregated Company Financials
Companies29
- 7D3.9%
- 3M3.4%
- 1Y-18.3%
- YTDn/a
In the last week, the Apparel Retail industry is up 3.9%, with Trent up 4.7%. Meanwhile, Baazar Style Retail actually underperformed within the industry, shrinking 12% in the last week. In the past year, the industry is down 18%. Looking forward, earnings are forecast to grow by 18% 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 |
|---|---|---|---|---|---|---|
| Sun, 24 May 2026 | ₹2.5t | ₹695.3b | ₹35.4b | 27x | 69.9x | 3.6x |
| Tue, 21 Apr 2026 | ₹2.4t | ₹675.8b | ₹33.0b | 17.5x | 73.7x | 3.6x |
| Thu, 19 Mar 2026 | ₹2.2t | ₹678.1b | ₹33.2b | 19.7x | 65x | 3.2x |
| Sat, 14 Feb 2026 | ₹2.5t | ₹664.6b | ₹30.5b | 28.4x | 81.9x | 3.8x |
| Mon, 12 Jan 2026 | ₹2.4t | ₹647.7b | ₹26.5b | 23.2x | 91.6x | 3.7x |
| Wed, 10 Dec 2025 | ₹2.5t | ₹645.5b | ₹26.3b | 27.8x | 94.7x | 3.9x |
| Fri, 07 Nov 2025 | ₹2.8t | ₹631.1b | ₹24.6b | 38.1x | 111.7x | 4.4x |
| Sun, 05 Oct 2025 | ₹2.9t | ₹624.5b | ₹25.0b | 36.3x | 114x | 4.6x |
| Tue, 02 Sep 2025 | ₹3.0t | ₹626.1b | ₹25.1b | 34x | 120.3x | 4.8x |
| Thu, 31 Jul 2025 | ₹2.9t | ₹607.0b | ₹24.5b | 37.8x | 119x | 4.8x |
| Sat, 28 Jun 2025 | ₹3.2t | ₹525.7b | ₹23.3b | 39x | 138.4x | 6.1x |
| Mon, 26 May 2025 | ₹2.9t | ₹523.5b | ₹23.0b | 32.2x | 124.7x | 5.5x |
| Wed, 23 Apr 2025 | ₹3.0t | ₹582.3b | ₹27.4b | 46.9x | 109.6x | 5.2x |
| Fri, 21 Mar 2025 | ₹2.9t | ₹582.3b | ₹27.4b | 43.1x | 105.5x | 5x |
| Sun, 16 Feb 2025 | ₹2.9t | ₹580.7b | ₹27.3b | 52.5x | 106x | 5x |
| Tue, 14 Jan 2025 | ₹3.4t | ₹552.2b | ₹25.7b | 62.3x | 131.1x | 6.1x |
| Thu, 12 Dec 2024 | ₹3.8t | ₹552.1b | ₹25.7b | 72.1x | 147.6x | 6.9x |
| Sat, 09 Nov 2024 | ₹3.5t | ₹546.4b | ₹25.7b | 61.6x | 135.8x | 6.4x |
| Mon, 07 Oct 2024 | ₹4.0t | ₹521.2b | ₹24.3b | 69.4x | 162.7x | 7.6x |
| Wed, 04 Sep 2024 | ₹3.7t | ₹511.1b | ₹24.2b | 51.5x | 153.7x | 7.3x |
| Fri, 02 Aug 2024 | ₹3.3t | ₹491.7b | ₹22.1b | 45.9x | 148.4x | 6.7x |
| Sun, 30 Jun 2024 | ₹3.1t | ₹489.1b | ₹21.8b | 60.1x | 143x | 6.4x |
| Tue, 28 May 2024 | ₹2.7t | ₹484.5b | ₹21.7b | 59.1x | 125x | 5.6x |
| Thu, 25 Apr 2024 | ₹2.5t | ₹466.4b | ₹14.1b | 64.1x | 179.7x | 5.4x |
| Sat, 23 Mar 2024 | ₹2.4t | ₹466.4b | ₹14.1b | 56.6x | 166.8x | 5x |
| Mon, 19 Feb 2024 | ₹2.4t | ₹466.4b | ₹14.1b | 59.4x | 170.1x | 5.1x |
| Wed, 17 Jan 2024 | ₹2.1t | ₹439.1b | ₹12.8b | 47.5x | 165.4x | 4.8x |
| Fri, 15 Dec 2023 | ₹2.0t | ₹434.1b | ₹12.0b | 55.8x | 167.7x | 4.7x |
| Sun, 12 Nov 2023 | ₹1.8t | ₹430.0b | ₹11.9b | 54x | 152x | 4.2x |
| Tue, 10 Oct 2023 | ₹1.6t | ₹435.9b | ₹13.3b | 47.3x | 121.1x | 3.7x |
| Thu, 07 Sep 2023 | ₹1.5t | ₹401.9b | ₹11.6b | 49.1x | 131.6x | 3.8x |
| Sat, 05 Aug 2023 | ₹1.1t | ₹245.3b | ₹12.2b | 52.5x | 89.8x | 4.5x |
| Mon, 03 Jul 2023 | ₹1.1t | ₹203.5b | ₹10.7b | 56x | 97.9x | 5.2x |
| Wed, 31 May 2023 | ₹964.9b | ₹201.5b | ₹10.6b | 66.5x | 90.8x | 4.8x |
Price to Earnings Ratio
90.8x
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 69.9x which is lower than its 3-year average PE of 123x.
- The 3-year average PS ratio of 5.1x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the Apparel Retail industry have grown 49% per year over the last three years.
- Revenues for these companies have grown 51% 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 | 0.48% | |
| Consumer Discretionary | 0.19% | |
| Specialty Stores | 3.96% | |
| Apparel Retail | 3.94% | |
| Specialty Stores | 4.72% | |
| Computer and Electronics Retail | 1.39% | |
| Automotive Retail | -1.50% | |
| Home Furnishing Retail | -6.31% | |
| Home Improvement Retail | -8.26% | |
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 | |
|---|---|---|---|---|---|
| 500251 Trent | ₹4.30k | 4.7% +₹69.1b | -20.9% | PE88.8x | |
| METROBRAND Metro Brands | ₹1.07k | 3.7% +₹10.4b | -11.7% | PE70.8x | |
| ABFRL Aditya Birla Fashion and Retail | ₹67.35 | 7.5% +₹5.7b | -23.9% | PS1.1x | |
| REDTAPE REDTAPE | ₹134.07 | 3.6% +₹2.6b | -8.4% | PE35x | |
| ETHOSLTD Ethos | ₹2.41k | 3.9% +₹2.4b | -13.7% | PE68x |