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Indian (NIFTY) Consumer Discretionary Sector Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies921
  • 7D5.6%
  • 3M-6.2%
  • 1Y7.2%
  • YTD-8.4%

Bajaj Auto is up 9.8%, leading the way for the Consumer Discretionary industry, which has gained 5.6%. This means that the industry has gained 7.2% over the past year. Looking forward, earnings are forecast to grow by 23% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Apr 2026₹54.4t₹32.2t₹1.2t23.4x44.1x1.7x
Thu, 12 Mar 2026₹53.3t₹32.2t₹1.2t22.9x43.2x1.7x
Sat, 07 Feb 2026₹57.0t₹30.4t₹1.2t25.3x47.8x1.9x
Mon, 05 Jan 2026₹59.8t₹30.1t₹1.2t27.8x47.9x2x
Wed, 03 Dec 2025₹58.1t₹29.8t₹1.3t27.9x46.2x1.9x
Fri, 31 Oct 2025₹57.3t₹28.2t₹1.3t30.8x43.3x2x
Sun, 28 Sep 2025₹56.1t₹27.7t₹1.3t29.9x43.4x2x
Tue, 26 Aug 2025₹55.4t₹26.9t₹1.3t29.9x43.1x2.1x
Thu, 24 Jul 2025₹53.6t₹25.3t₹1.3t32.5x41.8x2.1x
Sat, 21 Jun 2025₹51.3t₹25.2t₹1.3t31.7x40.1x2x
Mon, 19 May 2025₹51.9t₹24.9t₹1.3t29.6x40.8x2.1x
Wed, 16 Apr 2025₹46.4t₹24.1t₹1.4t28.2x34.1x1.9x
Fri, 14 Mar 2025₹44.4t₹24.1t₹1.4t26.7x32.6x1.8x
Sun, 09 Feb 2025₹50.3t₹24.0t₹1.4t31.5x37x2.1x
Tue, 07 Jan 2025₹53.2t₹23.6t₹1.4t33.9x38.2x2.3x
Thu, 05 Dec 2024₹52.9t₹23.4t₹1.4t34.6x38.3x2.3x
Sat, 02 Nov 2024₹51.1t₹22.8t₹1.4t35.5x36.7x2.2x
Mon, 30 Sep 2024₹55.5t₹21.9t₹1.3t36.8x41.7x2.5x
Wed, 28 Aug 2024₹52.1t₹21.8t₹1.3t36.4x39.2x2.4x
Fri, 26 Jul 2024₹49.1t₹21.5t₹1.3t35.1x37.8x2.3x
Sun, 23 Jun 2024₹47.6t₹21.5t₹1.3t32.9x36.8x2.2x
Tue, 21 May 2024₹44.4t₹21.7t₹1.2t33x35.6x2x
Thu, 18 Apr 2024₹42.3t₹21.1t₹1.1t33.5x39.9x2x
Sat, 16 Mar 2024₹39.9t₹21.0t₹1.1t31.8x37.7x1.9x
Mon, 12 Feb 2024₹39.9t₹21.2t₹1.1t34.5x37.9x1.9x
Wed, 10 Jan 2024₹38.4t₹20.7t₹950.6b33x40.4x1.9x
Fri, 08 Dec 2023₹36.7t₹20.6t₹932.6b31.7x39.3x1.8x
Sun, 05 Nov 2023₹33.3t₹20.8t₹923.6b29.2x36.1x1.6x
Tue, 03 Oct 2023₹33.0t₹20.4t₹857.3b28.5x38.5x1.6x
Thu, 31 Aug 2023₹32.1t₹20.3t₹856.5b28.7x37.5x1.6x
Sat, 29 Jul 2023₹30.8t₹19.6t₹806.0b28.6x38.3x1.6x
Mon, 26 Jun 2023₹29.4t₹19.2t₹714.1b27.9x41.2x1.5x
Wed, 24 May 2023₹27.8t₹18.8t₹721.4b23.9x38.5x1.5x
Fri, 21 Apr 2023₹26.0t₹18.2t₹637.6b23x40.8x1.4x
Price to Earnings Ratio

40.8x


Total Market Cap: ₹26.0tTotal Earnings: ₹637.6bTotal Revenue: ₹18.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Consumer Discretionary Sector Price to Earnings3Y Average 39.7x202420252026
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 44.1x which is higher than its 3-year average PE of 39.7x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have grown 25% per year over the last three years.
  • Revenues for these companies have grown 21% 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 Market4.97%
Consumer Discretionary5.63%
Consumer Services8.53%
Auto Components6.72%
Auto6.57%
Consumer Durables6.53%
Specialty Stores4.97%
Luxury4.44%
Retail Distributors3.91%
General Merchandise and Department Stores3.82%
Hospitality2.82%
Leisure2.28%
Online Retail and Ecommerce0%0
Industry PE
  • Investors are most optimistic about the Consumer Services industry which is trading above its 3-year average PE ratio of 11.8x.
    • Analysts are expecting annual earnings growth of 84.1%, which is higher than its past year's earnings growth of 2.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Services industry, expecting annual earnings growth of 84% over the next 5 years.
  • This is better than its past earnings growth rate of 2.4% 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₹3.22k7.1%
+₹238.4b		21.7%PE22.9x
BAJAJ-AUTO Bajaj Auto₹9.82k8.5%
+₹214.2b		22.8%PE30.9x
500114 Titan₹4.44k4.9%
+₹183.0b		35.5%PE82.6x
500570 Tata Motors Passenger Vehicles₹345.2011.8%
+₹134.6b		-44.5%PE35.1x
532343 TVS Motor₹3.74k7.7%
+₹127.4b		44.7%PE61.6x

Latest News

500570
₹345.20
Tata Motors Passenger Vehicles
7D
11.8%
1Y
-44.5%
BAJAJ-AUTO
₹9,816.00
Bajaj Auto
7D
8.5%
1Y
22.8%
VMART
₹612.80
V-Mart Retail
7D
-2.3%
1Y
-24.5%

VMART: Revised Assumptions Around Margins And P E Will Support Upside

Analysts have trimmed their price target for V-Mart Retail slightly from ₹848.13 to ₹842.75, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. Valuation Changes Fair Value: Price target adjusted slightly from ₹848.13 to ₹842.75.
M&M
₹3,220.20
Mahindra & Mahindra
7D
7.1%
1Y
21.7%

M&M: Maharashtra Capacity Buildout Will Define Next Phase Of Upside Potential

Analysts have trimmed their price target on Mahindra & Mahindra to about ₹4,199 from roughly ₹4,312. This reflects slightly adjusted assumptions around discount rate, revenue growth, profit margins and future P/E multiples.
517334
₹119.00
Samvardhana Motherson International
7D
9.8%
1Y
39.7%
IXIGO
₹168.57
Le Travenues Technology
7D
-1.2%
1Y
16.7%

IXIGO: Planned Subsidiary Investment Will Support Future Upside

Analysts have maintained their fair value estimate for Le Travenues Technology at ₹262.5, with only minor model tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions informing this narrative update. What's in the News A board meeting is scheduled for Feb 13, 2026 at 18:45 IST to consider further investment in IXIGO PTE.
500114
₹4,436.85
Titan
7D
4.9%
1Y
35.5%

500114: Upcoming Board Meeting Will Reinforce Confidence In Future Returns

Analysts have adjusted Titan's fair value estimate slightly higher to ₹4,802 from ₹4,794, reflecting updated views on revenue growth, profit margins, and future P/E assumptions. What's in the News Titan has scheduled a Board Meeting on Feb 10, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
SANATHAN
₹416.85
Sanathan Textiles
7D
-5.6%
1Y
3.7%
500530
₹36,606.15
Bosch
7D
9.5%
1Y
35.1%
505200
₹7,051.25
Eicher Motors
7D
6.7%
1Y
27.5%

505200: Trimmed Assumptions Will Support Bullish View Ahead Of Feb 10 Results

Analysts have trimmed their fair value estimate for Eicher Motors slightly, with the target moving from about ₹7,889 to roughly ₹7,879 as small adjustments in discount rate, long term revenue growth, profit margin and future P/E assumptions flow through their models. What's in the News Eicher Motors has scheduled a board meeting on Feb 10, 2026 to consider and approve its unaudited standalone financial results for the quarter and period ended Dec 31, 2025 (company filing).
514167
₹1,048.25
Ganesha Ecosphere
7D
-5.4%
1Y
-35.2%
521016
₹243.15
Indo Count Industries
7D
-1.4%
1Y
-12.6%

521016: Future Returns Will Reflect CEO Office Vacancy And Upcoming Results

Analysts have kept Indo Count Industries' fair value steady at ₹361, with only minor adjustments to the discount rate, revenue growth, profit margin and forward P/E assumptions resulting in an unchanged price target. What's in the News The office of Executive Director & CEO Mr. Kailash R.
SWIGGY
₹264.20
Swiggy
7D
-1.9%
1Y
-20.9%
532343
₹3,737.30
TVS Motor
7D
7.7%
1Y
44.7%

532343: EV Expansion And Africa Re Entry Will Support Strong Long Term Prospects

Analysts have nudged their TVS Motor price target slightly higher from about ₹3,906 to around ₹3,961, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E that are broadly consistent with prior views. What's in the News The Board declared an interim dividend of ₹12 per share on 47,50,87,114 equity shares of ₹1 each, with a record date of 31 March 2026 and payment expected within 30 days of declaration, absorbing about ₹5,700m for FY26 (Board filing).
532509
₹411.55
Suprajit Engineering
7D
-1.4%
1Y
3.7%

532509: Interim Dividend And Slightly Lower Discount Rate Will Support Future Upside

Analysts have slightly reduced their fair value estimate for Suprajit Engineering from ₹511 to ₹509.5, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E multiples. What's in the News A board meeting was held on February 9, 2026, at 10:45 Indian Standard Time to review and approve the un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
538119
₹16.27
R & B Denims
7D
-14.9%
1Y
-42.4%