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Indian (NIFTY) Consumer Discretionary Sector Analysis

UpdatedJan 03, 2026
DataAggregated Company Financials
Companies922
  • 7D1.8%
  • 3M-2.3%
  • 1Y-1.9%
  • YTD0.9%

Last week, the Consumer Discretionary industry hasn't moved much but Mahindra & Mahindra is up 4.9% in that time. As for the longer term, the industry has declined 3.1% in the last year. As for the next few years, earnings are expected to grow by 22% per annum.

Sector Valuation and Performance

Has the Indian Consumer Discretionary Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 03 Jan 2026₹59.8t₹30.1t₹1.2t27.8x47.9x2x
Mon, 01 Dec 2025₹57.9t₹29.8t₹1.3t28x46x1.9x
Wed, 29 Oct 2025₹57.5t₹28.1t₹1.3t30.4x43.7x2x
Fri, 26 Sep 2025₹57.1t₹27.7t₹1.3t30.1x44.2x2.1x
Sun, 24 Aug 2025₹55.2t₹26.9t₹1.3t29.9x42.9x2x
Tue, 22 Jul 2025₹53.2t₹25.1t₹1.3t32.2x41.5x2.1x
Thu, 19 Jun 2025₹51.0t₹25.1t₹1.3t32.2x40x2x
Sat, 17 May 2025₹51.9t₹24.6t₹1.3t29.3x40.8x2.1x
Mon, 14 Apr 2025₹45.1t₹24.1t₹1.4t27.3x33.1x1.9x
Wed, 12 Mar 2025₹44.7t₹24.1t₹1.4t27.3x32.8x1.9x
Fri, 07 Feb 2025₹50.3t₹23.9t₹1.4t32.3x37x2.1x
Sun, 05 Jan 2025₹54.5t₹23.6t₹1.4t34.5x39.1x2.3x
Tue, 03 Dec 2024₹52.5t₹23.4t₹1.4t33.9x38x2.2x
Thu, 31 Oct 2024₹50.6t₹22.8t₹1.4t34.2x36.3x2.2x
Sat, 28 Sep 2024₹55.5t₹21.9t₹1.3t36.8x41.7x2.5x
Mon, 26 Aug 2024₹52.0t₹21.8t₹1.3t35.7x39.1x2.4x
Wed, 24 Jul 2024₹48.5t₹21.5t₹1.3t34.5x37.4x2.3x
Fri, 21 Jun 2024₹47.8t₹21.5t₹1.3t33.3x37x2.2x
Sun, 19 May 2024₹44.3t₹21.7t₹1.2t32.6x35.5x2x
Tue, 16 Apr 2024₹42.2t₹21.1t₹1.1t33.1x39.8x2x
Thu, 14 Mar 2024₹39.4t₹21.0t₹1.1t30.9x37.2x1.9x
Sat, 10 Feb 2024₹39.9t₹21.2t₹1.0t34.5x38x1.9x
Mon, 08 Jan 2024₹38.1t₹20.7t₹950.6b32.8x40.1x1.8x
Wed, 06 Dec 2023₹36.5t₹20.6t₹932.7b31.6x39.2x1.8x
Fri, 03 Nov 2023₹33.0t₹20.5t₹867.2b29.2x38x1.6x
Sun, 01 Oct 2023₹33.1t₹20.3t₹858.5b28.6x38.5x1.6x
Tue, 29 Aug 2023₹31.6t₹20.3t₹856.5b28.4x36.9x1.6x
Thu, 27 Jul 2023₹31.0t₹19.6t₹806.1b27.7x38.4x1.6x
Sat, 24 Jun 2023₹29.4t₹19.2t₹714.1b27.8x41.2x1.5x
Mon, 22 May 2023₹27.6t₹18.8t₹722.9b23.8x38.2x1.5x
Wed, 19 Apr 2023₹25.9t₹18.2t₹637.5b22.9x40.6x1.4x
Fri, 17 Mar 2023₹24.8t₹18.2t₹637.0b20.9x38.9x1.4x
Sun, 12 Feb 2023₹26.2t₹17.9t₹658.5b22.1x39.9x1.5x
Tue, 10 Jan 2023₹26.3t₹17.3t₹593.5b22.8x44.4x1.5x
Price to Earnings Ratio

44.4x


Total Market Cap: ₹26.3tTotal Earnings: ₹593.5bTotal Revenue: ₹17.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Consumer Discretionary Sector Price to Earnings3Y Average 39.4x202420252026
Current Industry PE
  • Investors are optimistic on the Indian Consumer Discretionary industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 47.5x which is higher than its 3-year average PE of 39.4x.
  • The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have grown 28% per year over the last three years.
  • Revenues for these companies have grown 20% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Consumer Discretionary sector?

IN Market1.48%
Consumer Discretionary1.76%
Auto Components3.21%
Auto3.12%
Specialty Stores1.69%
Retail Distributors1.60%
Leisure1.24%
Luxury0.46%
Hospitality0.37%
Consumer Services0.34%
Online Retail and Ecommerce0%0
Consumer Durables-1.39%
General Merchandise and Department Stores-5.18%
Industry PE
  • Investors are most optimistic about the Hospitality industry which is trading above its 3-year average PE ratio of 149x.
    • Analysts are expecting annual earnings growth of 41.0%, which is higher than its past year's earnings growth of 8.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Hospitality industry, expecting annual earnings growth of 41% over the next 5 years.
  • This is better than its past earnings growth rate of 8.4% per year.
  • In contrast, the Auto industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
M&M Mahindra & Mahindra₹3.80k4.9%
+₹200.2b		19.2%PE29.8x
BAJAJ-AUTO Bajaj Auto₹9.50k4.8%
+₹122.4b		6.0%PE31.9x
MARUTI Maruti Suzuki India₹16.96k2.2%
+₹114.4b		42.1%PE36.1x
500530 Bosch₹39.48k10.2%
+₹107.6b		15.3%PE43.4x
532343 TVS Motor₹3.86k6.1%
+₹105.8b		55.3%PE70.3x

Latest News

SWIGGY
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Swiggy
7D
-1.2%
1Y
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HYUNDAI
₹2,267.90
Hyundai Motor India
7D
-2.3%
1Y
24.0%
PAGEIND
₹35,775.00
Page Industries
7D
-1.9%
1Y
-25.4%

PAGEIND: Upcoming Dividend And Board Review Will Support Bullish Re Rating

Analysts have raised their price target for Page Industries modestly to align with a slightly lower discount rate and stable long term growth and profitability assumptions, reflecting a marginal improvement in the stock's perceived risk reward profile. What's in the News Board meeting scheduled for November 13, 2025, to consider and approve unaudited financial results for the quarter ended September 30, 2025 (company filing) Board to consider declaration of a second interim dividend to equity shareholders for financial year 2025-26 at the November 13, 2025 meeting (company filing) The focus of the upcoming board meeting on both quarterly performance review and capital return reflects management’s stated view on ongoing cash generation (company filing) Valuation Changes Fair Value: unchanged at approximately ₹42,787 per share, indicating no revision to the intrinsic value estimate.
MARUTI
₹16,960.00
Maruti Suzuki India
7D
2.2%
1Y
42.1%

MARUTI: Inclusive Mobility Push And Upcoming Results Will Support Balanced Long Term Outlook

Analysts have nudged their price target on Maruti Suzuki India marginally higher to approximately ₹17,586 per share, reflecting slightly stronger assumptions on long term revenue growth and valuation multiples, despite a broadly stable profit margin outlook. What's in the News Launched WagonR with an optional swivel seat to enhance accessibility for senior citizens and persons with disabilities, reinforcing the company’s focus on inclusive mobility in the mass segment (company announcement).
M&M
₹3,802.40
Mahindra & Mahindra
7D
4.9%
1Y
19.2%
BAJAJ-AUTO
₹9,502.50
Bajaj Auto
7D
4.8%
1Y
6.0%

Pinning Down Bajaj Auto Limited's (NSE:BAJAJ-AUTO) P/E Is Difficult Right Now

Dec 24
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KPRMILL
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K.P.R. Mill
7D
-3.0%
1Y
-11.1%

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Dec 24
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500114
₹4,050.65
Titan
7D
1.5%
1Y
17.4%

500114: Future Leadership And Meeting Outcomes Will Support Steady Earnings Profile

Analysts have marginally raised their price target on Titan to align with its intrinsic value of approximately ₹4,218 per share, citing slightly lower perceived risk, steady long term revenue growth, and a modestly stronger profit margin profile that supports current premium valuation multiples. What's in the News Titan has scheduled a board meeting on November 3, 2025, to review unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, and to consider key strategic agenda items (company filing).
RAJESHEXPO
₹180.99
Rajesh Exports
7D
-14.9%
1Y
-22.2%

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532343
₹3,855.25
TVS Motor
7D
6.1%
1Y
55.3%

532343: Global Design Expansion And New Models Will Support Balanced Long-Term Prospects

Narrative Update Analysts have modestly raised their price target on TVS Motor to ₹3,664.61, reflecting slightly higher profit margin expectations that more than offset marginal tweaks to the discount rate and growth assumptions. What's in the News TVS Motor is establishing a Global Centre of Excellence for Design and Engineering in Bologna, Italy, and acquiring 100% of Engines Engineering S.p.A. to accelerate premium and electric mobility product development (Business Expansions).
500182
₹5,930.60
Hero MotoCorp
7D
5.2%
1Y
39.8%

500182: Global EV Expansion And EV Margin Focus Will Shape Future Outlook

Narrative Update on Hero MotoCorp Analysts have nudged their fair value estimate for Hero MotoCorp slightly higher to ₹5,859.68 from ₹5,843.28. This reflects modestly improved profit margin expectations and a marginally richer future earnings multiple, while growth and risk assumptions remain largely unchanged.
LGEINDIA
₹1,483.40
LG Electronics India
7D
-2.5%
1Y
n/a
DIXON
₹12,165.00
Dixon Technologies (India)
7D
-1.3%
1Y
-33.9%

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Dec 18
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500530
₹39,481.05
Bosch
7D
10.2%
1Y
15.3%

500530: Rising Margins And Stronger Outlook Are Expected To Drive Upside

Narrative Update on Bosch Analysts have trimmed their price target on Bosch by roughly INR 1,400, citing a higher discount rate that more than offsets improved expectations for revenue growth, profit margins, and a lower future P E multiple. What's in the News Bosch Limited has scheduled a board meeting for November 11, 2025, to consider the unaudited standalone and consolidated financial results for the quarter and half year ending September 30, 2025 (Key Developments).
MEESHO
₹179.25
Meesho
7D
-9.4%
1Y
n/a
500251
₹4,408.80
Trent
7D
2.9%
1Y
-39.7%