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Indian (NIFTY) Apparel Retail Industry Analysis

UpdatedSep 25, 2025
DataAggregated Company Financials
Companies28
  • 7D-4.3%
  • 3M-11.2%
  • 1Y-33.9%
  • YTDn/a

Over the last 7 days, the Apparel Retail industry has dropped 4.3%, driven by a pullback from Trent of 7.8%. Meanwhile, Ethos actually outperformed within the industry, gaining 6.3% in the last week. Overall the industry is down 34% in 12 months. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

Has the Indian Apparel Retail Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Sep 2025₹2.9t₹626.1b₹25.1b35.8x114.9x4.6x
Sun, 24 Aug 2025₹3.0t₹626.1b₹25.1b36.8x120.2x4.8x
Tue, 22 Jul 2025₹3.0t₹525.7b₹23.3b38.7x130.6x5.8x
Thu, 19 Jun 2025₹2.9t₹524.4b₹23.3b35x126x5.6x
Sat, 17 May 2025₹3.1t₹593.0b₹23.7b44.4x131.6x5.3x
Mon, 14 Apr 2025₹2.7t₹582.3b₹27.4b43.7x100.1x4.7x
Wed, 12 Mar 2025₹2.8t₹582.3b₹27.4b44.4x101.5x4.8x
Fri, 07 Feb 2025₹3.1t₹557.8b₹26.3b58.3x118.2x5.6x
Sun, 05 Jan 2025₹3.9t₹552.1b₹25.7b70.2x150x7x
Tue, 03 Dec 2024₹3.7t₹552.1b₹25.7b71.8x144.4x6.7x
Thu, 31 Oct 2024₹3.8t₹529.3b₹24.6b62.8x156x7.2x
Sat, 28 Sep 2024₹4.1t₹521.3b₹24.4b59.7x170.2x8x
Mon, 26 Aug 2024₹3.7t₹511.1b₹24.2b55.6x152.7x7.2x
Wed, 24 Jul 2024₹3.0t₹489.5b₹21.9b56.4x139.2x6.2x
Fri, 21 Jun 2024₹3.1t₹489.1b₹21.8b61.8x140.8x6.3x
Sun, 19 May 2024₹2.7t₹481.3b₹20.7b59.6x129.9x5.6x
Tue, 16 Apr 2024₹2.4t₹466.4b₹14.1b59.9x169.9x5.1x
Thu, 14 Mar 2024₹2.3t₹466.4b₹14.1b51.2x162.5x4.9x
Sat, 10 Feb 2024₹2.3t₹453.5b₹14.8b56.5x157.5x5.2x
Mon, 08 Jan 2024₹2.1t₹439.1b₹12.8b48.6x162.5x4.7x
Wed, 06 Dec 2023₹2.0t₹433.7b₹12.0b59.3x167x4.6x
Fri, 03 Nov 2023₹1.7t₹436.6b₹13.1b45.8x127.6x3.8x
Sun, 01 Oct 2023₹1.6t₹415.6b₹12.6b48.2x125.9x3.8x
Tue, 29 Aug 2023₹1.3t₹274.5b₹14.4b52.2x88.3x4.6x
Thu, 27 Jul 2023₹1.1t₹203.5b₹10.7b57.1x99.8x5.3x
Sat, 24 Jun 2023₹1.0t₹203.5b₹10.7b54.5x96.5x5.1x
Mon, 22 May 2023₹932.2b₹198.9b₹10.6b54.4x87.8x4.7x
Wed, 19 Apr 2023₹843.6b₹189.9b₹10.0b54.5x84x4.4x
Fri, 17 Mar 2023₹820.7b₹181.8b₹10.2b50.2x80.6x4.5x
Sun, 12 Feb 2023₹831.1b₹180.5b₹10.2b39.4x81.3x4.6x
Tue, 10 Jan 2023₹827.6b₹170.1b₹9.7b51.5x85.6x4.9x
Thu, 08 Dec 2022₹899.4b₹170.1b₹9.7b47.7x93.1x5.3x
Sat, 05 Nov 2022₹932.0b₹154.3b₹9.1b54.7x102.9x6x
Mon, 03 Oct 2022₹912.5b₹152.7b₹8.8b40.2x103.4x6x
Price to Earnings Ratio

103.4x


Total Market Cap: ₹912.5bTotal Earnings: ₹8.8bTotal Revenue: ₹152.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Apparel Retail Industry Price to Earnings3Y Average 123.9x202320242025
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 115x which is lower than its 3-year average PE of 124x.
  • The 3-year average PS ratio of 5.3x is higher than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Apparel Retail industry have grown 42% per year over the last three years.
  • Revenues for these companies have grown 60% 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-0.91%
Consumer Discretionary-1.09%
Specialty Stores-3.51%
Apparel Retail-4.27%
Computer and Electronics Retail6.67%
Automotive Retail1.39%
Specialty Stores-2.78%
Home Furnishing Retail-2.90%
Home Improvement Retail-73.62%
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?

CompanyLast Price7D1YValuation
ETHOSLTD Ethos₹2.55k6.3%
+₹4.0b
-23.6%PE73.8x
V2RETAIL V2 Retail₹1.93k4.2%
+₹2.7b
53.1%PE83x
BCONCEPTS Brand Concepts₹380.1023.7%
+₹817.8m
-42.6%PE564.6x
541338 U.H. Zaveri₹16.893.4%
+₹5.7m
-0.1%PE185.9x
540615 7NR Retail₹4.491.8%
+₹2.2m
-22.7%PE17.2x

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