Narrative Update • Aug 18
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Indian (NIFTY) Apparel Retail Industry Analysis
UpdatedAug 22, 2026
DataAggregated Company Financials
Companies29
- 7D-1.6%
- 3M-1.4%
- 1Y-18.9%
- YTDn/a
Over the last 7 days, the Apparel Retail industry has dropped 1.4%, driven by a pullback from Trent of 2.3%. In contrast, Baazar Style Retail has gained 14%. Overall the industry is down 18% in 12 months. Earnings are forecast to grow by 20% 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 |
|---|---|---|---|---|---|---|
| Sat, 22 Aug 2026 | ₹2.4t | ₹763.3b | ₹35.6b | 23.4x | 68.6x | 3.2x |
| Mon, 20 Jul 2026 | ₹2.5t | ₹724.1b | ₹34.1b | 30.9x | 72x | 3.4x |
| Wed, 17 Jun 2026 | ₹2.5t | ₹714.7b | ₹33.8b | 32.3x | 73.1x | 3.5x |
| Fri, 15 May 2026 | ₹2.4t | ₹691.3b | ₹35.5b | 23.9x | 67.8x | 3.5x |
| Sun, 12 Apr 2026 | ₹2.3t | ₹675.8b | ₹33.0b | 17.6x | 69.6x | 3.4x |
| Tue, 10 Mar 2026 | ₹2.2t | ₹680.6b | ₹33.8b | 20.3x | 64.4x | 3.2x |
| Thu, 05 Feb 2026 | ₹2.4t | ₹656.4b | ₹30.5b | 29x | 78.6x | 3.7x |
| Sat, 03 Jan 2026 | ₹2.6t | ₹646.0b | ₹26.3b | 27.5x | 100.2x | 4.1x |
| Mon, 01 Dec 2025 | ₹2.6t | ₹645.5b | ₹26.3b | 29.1x | 98.8x | 4x |
| Wed, 29 Oct 2025 | ₹2.8t | ₹625.1b | ₹25.0b | 39.4x | 111x | 4.4x |
| Fri, 26 Sep 2025 | ₹2.8t | ₹626.1b | ₹25.1b | 35.1x | 112.3x | 4.5x |
| Sun, 24 Aug 2025 | ₹3.0t | ₹626.1b | ₹25.1b | 36.8x | 120.2x | 4.8x |
| Tue, 22 Jul 2025 | ₹3.0t | ₹525.7b | ₹23.3b | 38.7x | 130.6x | 5.8x |
| Thu, 19 Jun 2025 | ₹2.9t | ₹524.4b | ₹23.3b | 35x | 126x | 5.6x |
| Sat, 17 May 2025 | ₹3.1t | ₹593.0b | ₹23.7b | 44.4x | 131.6x | 5.3x |
| Mon, 14 Apr 2025 | ₹2.7t | ₹582.3b | ₹27.4b | 43.7x | 100.1x | 4.7x |
| Wed, 12 Mar 2025 | ₹2.8t | ₹582.3b | ₹27.4b | 44.4x | 101.5x | 4.8x |
| Fri, 07 Feb 2025 | ₹3.1t | ₹557.8b | ₹26.3b | 58.3x | 118.2x | 5.6x |
| Sun, 05 Jan 2025 | ₹3.9t | ₹552.1b | ₹25.7b | 70.2x | 150x | 7x |
| Tue, 03 Dec 2024 | ₹3.7t | ₹552.1b | ₹25.7b | 71.8x | 144.4x | 6.7x |
| Thu, 31 Oct 2024 | ₹3.8t | ₹529.3b | ₹24.6b | 62.8x | 156x | 7.2x |
| Sat, 28 Sep 2024 | ₹4.1t | ₹521.3b | ₹24.4b | 59.7x | 170.2x | 8x |
| Mon, 26 Aug 2024 | ₹3.7t | ₹511.1b | ₹24.2b | 55.6x | 152.7x | 7.2x |
| Wed, 24 Jul 2024 | ₹3.0t | ₹489.5b | ₹21.9b | 56.4x | 139.2x | 6.2x |
| Fri, 21 Jun 2024 | ₹3.1t | ₹489.1b | ₹21.8b | 61.8x | 140.8x | 6.3x |
| Sun, 19 May 2024 | ₹2.7t | ₹481.3b | ₹20.7b | 59.6x | 129.9x | 5.6x |
| Tue, 16 Apr 2024 | ₹2.4t | ₹466.4b | ₹14.1b | 59.9x | 169.9x | 5.1x |
| Thu, 14 Mar 2024 | ₹2.3t | ₹466.4b | ₹14.1b | 51.2x | 162.5x | 4.9x |
| Sat, 10 Feb 2024 | ₹2.3t | ₹453.5b | ₹14.8b | 56.5x | 157.5x | 5.2x |
| Mon, 08 Jan 2024 | ₹2.1t | ₹439.1b | ₹12.8b | 48.6x | 162.5x | 4.7x |
| Wed, 06 Dec 2023 | ₹2.0t | ₹433.7b | ₹12.0b | 59.3x | 167x | 4.6x |
| Fri, 03 Nov 2023 | ₹1.7t | ₹436.6b | ₹13.1b | 45.8x | 127.6x | 3.8x |
| Sun, 01 Oct 2023 | ₹1.6t | ₹415.6b | ₹12.6b | 48.2x | 125.9x | 3.8x |
| Tue, 29 Aug 2023 | ₹1.3t | ₹274.5b | ₹14.4b | 52.2x | 88.3x | 4.6x |
Price to Earnings Ratio
88.3x
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 69.3x which is lower than its 3-year average PE of 122x.
- The 3-year average PS ratio of 5.0x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Apparel Retail industry have grown 35% per year over the last three years.
- Revenues for these companies have grown 41% 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 | -0.20% | |
| Consumer Discretionary | 0.34% | |
| Specialty Stores | 1.28% | |
| Apparel Retail | -1.59% | |
| Automotive Retail | 7.32% | |
| Specialty Stores | 3.66% | |
| Home Improvement Retail | 0.61% | |
| Computer and Electronics Retail | 0.43% | |
| Home Furnishing Retail | -4.55% | |
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 | |
|---|---|---|---|---|---|
| STYLEBAAZA Baazar Style Retail | ₹417.65 | 14.3% +₹4.0b | 32.6% | PE67.6x | |
| ETHOSLTD Ethos | ₹2.84k | 3.4% +₹2.5b | 11.6% | PE73.2x | |
| V2RETAIL V2 Retail | ₹219.73 | 1.5% +₹1.2b | 27.7% | PE44.7x | |
| DPABHUSHAN D. P. Abhushan | ₹1.48k | 3.7% +₹1.2b | -7.2% | PE14.1x | |
| GOCOLORS Go Fashion (India) | ₹344.80 | 5.3% +₹909.9m | -50.3% | PE34x |
