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
Over the last 7 days, the Apparel Retail industry has risen 1.3%, driven by gains from Trent of 4.7%. Meanwhile, Baazar Style Retail actually underperformed within the industry, shrinking 12% in the last week. In contrast, the industry has lost 19% in the last 12 months. As for the next few years, earnings are expected to grow by 18% per annum.
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, 23 May 2026 | ₹2.5t | ₹695.3b | ₹35.4b | 27x | 69.9x | 3.6x |
| Mon, 20 Apr 2026 | ₹2.4t | ₹675.8b | ₹33.0b | 17.3x | 72.4x | 3.5x |
| Wed, 18 Mar 2026 | ₹2.1t | ₹678.1b | ₹33.2b | 17.6x | 64x | 3.1x |
| Fri, 13 Feb 2026 | ₹2.5t | ₹664.5b | ₹30.4b | 28.9x | 82.4x | 3.8x |
| Sun, 11 Jan 2026 | ₹2.4t | ₹647.7b | ₹26.5b | 23.2x | 91.6x | 3.7x |
| Tue, 09 Dec 2025 | ₹2.5t | ₹645.5b | ₹26.3b | 27.1x | 94.4x | 3.8x |
| Thu, 06 Nov 2025 | ₹2.8t | ₹631.1b | ₹24.6b | 39.3x | 112.5x | 4.4x |
| Sat, 04 Oct 2025 | ₹2.9t | ₹624.5b | ₹25.0b | 36.3x | 114x | 4.6x |
| Mon, 01 Sep 2025 | ₹2.9t | ₹626.1b | ₹25.1b | 34x | 117.4x | 4.7x |
| Wed, 30 Jul 2025 | ₹2.9t | ₹606.7b | ₹24.3b | 36x | 119.3x | 4.8x |
| Fri, 27 Jun 2025 | ₹3.2t | ₹525.7b | ₹23.3b | 38.9x | 139.3x | 6.2x |
| Sun, 25 May 2025 | ₹2.9t | ₹523.5b | ₹22.9b | 32.2x | 124.8x | 5.5x |
| Tue, 22 Apr 2025 | ₹3.0t | ₹582.3b | ₹27.4b | 47.2x | 109.6x | 5.2x |
| Thu, 20 Mar 2025 | ₹2.9t | ₹582.3b | ₹27.4b | 43.5x | 105.7x | 5x |
| Sat, 15 Feb 2025 | ₹2.9t | ₹578.5b | ₹27.0b | 52.5x | 107.2x | 5x |
| Mon, 13 Jan 2025 | ₹3.6t | ₹552.2b | ₹25.7b | 65.2x | 138.4x | 6.4x |
| Wed, 11 Dec 2024 | ₹3.7t | ₹552.1b | ₹25.7b | 72.1x | 145.2x | 6.8x |
| Fri, 08 Nov 2024 | ₹3.6t | ₹529.3b | ₹24.6b | 63x | 145.4x | 6.8x |
| Sun, 06 Oct 2024 | ₹4.0t | ₹521.3b | ₹24.4b | 61.2x | 162.4x | 7.6x |
| Tue, 03 Sep 2024 | ₹3.8t | ₹511.1b | ₹24.2b | 50.6x | 155.2x | 7.3x |
| Thu, 01 Aug 2024 | ₹3.3t | ₹491.3b | ₹22.0b | 56.5x | 150.4x | 6.7x |
| Sat, 29 Jun 2024 | ₹3.1t | ₹489.1b | ₹21.8b | 60.1x | 143x | 6.4x |
| Mon, 27 May 2024 | ₹2.7t | ₹484.9b | ₹21.7b | 57.5x | 125.8x | 5.6x |
| Wed, 24 Apr 2024 | ₹2.5t | ₹466.4b | ₹14.1b | 63.3x | 178.3x | 5.4x |
| Fri, 22 Mar 2024 | ₹2.4t | ₹466.4b | ₹14.1b | 56.2x | 167.8x | 5.1x |
| Sun, 18 Feb 2024 | ₹2.4t | ₹466.5b | ₹14.1b | 59.4x | 170.1x | 5.1x |
| Tue, 16 Jan 2024 | ₹2.1t | ₹439.1b | ₹12.8b | 48.3x | 166.3x | 4.9x |
| Thu, 14 Dec 2023 | ₹2.0t | ₹434.1b | ₹12.0b | 56.4x | 167.6x | 4.7x |
| Sat, 11 Nov 2023 | ₹1.8t | ₹449.8b | ₹12.4b | 44.5x | 146.5x | 4x |
| Mon, 09 Oct 2023 | ₹1.6t | ₹435.9b | ₹13.3b | 48.2x | 121x | 3.7x |
| Wed, 06 Sep 2023 | ₹1.5t | ₹401.9b | ₹11.6b | 49.2x | 130.9x | 3.8x |
| Fri, 04 Aug 2023 | ₹1.1t | ₹245.3b | ₹12.2b | 52.1x | 89.4x | 4.5x |
| Sun, 02 Jul 2023 | ₹1.1t | ₹203.5b | ₹10.7b | 56x | 97.9x | 5.2x |
| Tue, 30 May 2023 | ₹954.8b | ₹201.0b | ₹10.6b | 66.7x | 89.9x | 4.8x |
Price to Earnings Ratio
89.9x
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 69.0x 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 3.5x.
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 |