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Indian (NIFTY) Consumer Discretionary Sector Analysis

UpdatedJul 10, 2026
DataAggregated Company Financials
Companies945
  • 7D-0.4%
  • 3M6.5%
  • 1Y1.6%
  • YTD-0.9%

In the last week, the Consumer Discretionary industry is flat overall, with Trent standing out by going down 13%. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 23% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Jul 2026₹59.0t₹33.4t₹1.3t24.8x46.1x1.8x
Sun, 07 Jun 2026₹55.8t₹33.3t₹1.3t24.6x43.7x1.7x
Tue, 05 May 2026₹55.9t₹32.5t₹1.2t24x45.4x1.7x
Thu, 02 Apr 2026₹50.8t₹32.2t₹1.2t21.3x41.2x1.6x
Sat, 28 Feb 2026₹57.0t₹32.2t₹1.2t23.8x46.3x1.8x
Mon, 26 Jan 2026₹54.7t₹30.2t₹1.3t24.9x43.7x1.8x
Wed, 24 Dec 2025₹58.9t₹30.0t₹1.2t27.5x47.2x2x
Fri, 21 Nov 2025₹58.2t₹28.8t₹1.3t28.6x46.3x2x
Sun, 19 Oct 2025₹57.6t₹28.1t₹1.3t30x43.7x2x
Tue, 16 Sep 2025₹57.0t₹26.9t₹1.3t30.2x44.3x2.1x
Thu, 14 Aug 2025₹52.6t₹26.8t₹1.3t29.8x40.7x2x
Sat, 12 Jul 2025₹52.8t₹25.2t₹1.3t32.3x41.2x2.1x
Mon, 09 Jun 2025₹51.8t₹25.1t₹1.3t31.8x40.6x2.1x
Wed, 07 May 2025₹49.0t₹24.4t₹1.4t28.1x35.8x2x
Fri, 04 Apr 2025₹46.3t₹24.1t₹1.4t28x34x1.9x
Sun, 02 Mar 2025₹44.3t₹24.1t₹1.4t27x32.5x1.8x
Tue, 28 Jan 2025₹47.7t₹23.6t₹1.4t32.1x34.3x2x
Thu, 26 Dec 2024₹52.6t₹23.5t₹1.4t34.5x37.9x2.2x
Sat, 23 Nov 2024₹51.0t₹23.5t₹1.4t33x37x2.2x
Mon, 21 Oct 2024₹51.7t₹21.9t₹1.3t36x38.9x2.4x
Wed, 18 Sep 2024₹53.6t₹21.9t₹1.3t37.3x40.2x2.5x
Fri, 16 Aug 2024₹49.7t₹22.1t₹1.3t34.2x37.4x2.3x
Sun, 14 Jul 2024₹48.7t₹21.5t₹1.3t35x37.6x2.3x
Tue, 11 Jun 2024₹46.3t₹21.5t₹1.3t31.7x36.4x2.1x
Thu, 09 May 2024₹43.1t₹21.3t₹1.1t33x38.7x2x
Sat, 06 Apr 2024₹42.6t₹21.1t₹1.1t33.8x40.2x2x
Mon, 04 Mar 2024₹41.8t₹21.1t₹1.1t34.9x39.5x2x
Wed, 31 Jan 2024₹38.9t₹20.7t₹960.9b33.9x40.5x1.9x
Fri, 29 Dec 2023₹37.5t₹20.7t₹950.5b31.7x39.4x1.8x
Sun, 26 Nov 2023₹35.3t₹20.6t₹935.8b30.2x37.8x1.7x
Tue, 24 Oct 2023₹33.0t₹20.4t₹863.1b28.6x38.3x1.6x
Thu, 21 Sep 2023₹33.3t₹20.3t₹857.4b28.7x38.8x1.6x
Sat, 19 Aug 2023₹31.2t₹20.3t₹855.5b28.3x36.5x1.5x
Mon, 17 Jul 2023₹30.8t₹19.3t₹715.5b28x43.1x1.6x
Price to Earnings Ratio

43.1x


Total Market Cap: ₹30.8tTotal Earnings: ₹715.5bTotal Revenue: ₹19.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Consumer Discretionary Sector Price to Earnings3Y Average 40x202420252026
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 46.1x which is higher than its 3-year average PE of 40.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have grown 21% 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 Market-0.87%
Consumer Discretionary-0.38%
Consumer Services7.71%
Hospitality3.09%
Consumer Durables1.19%
Luxury0.34%
Online Retail and Ecommerce0%0
Retail Distributors-0.31%
Leisure-0.62%
Auto Components-1.04%
Auto-1.28%
General Merchandise and Department Stores-1.77%
Specialty Stores-2.93%
Industry PE
  • Investors are most optimistic about the Consumer Services industry which is trading above its 3-year average PE ratio of 30.9x.
    • Analysts are expecting annual earnings growth of 63.3%, which is higher than its past year's earnings growth of 23.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Services industry, expecting annual earnings growth of 63% over the next 5 years.
  • This is better than its past earnings growth rate of 23% per year.
  • In contrast, the Auto industry is expected to see its earnings grow by 16% 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
500114 Titan₹4.59k2.8%
+₹111.8b		36.5%PE80.3x
BAJAJ-AUTO Bajaj Auto₹10.16k3.8%
+₹103.6b		25.9%PE26.4x
KALYANKJIL Kalyan Jewellers India₹476.1524.6%
+₹97.2b		-18.2%PE36.4x
ETERNAL Eternal₹289.652.8%
+₹73.5b		10.0%PE727.3x
SWIGGY Swiggy₹273.2510.1%
+₹64.8b		-29.0%PS3.1x

Latest News

KALYANKJIL
₹476.15
Kalyan Jewellers India
7D
24.6%
1Y
-18.2%
517334
₹143.20
Samvardhana Motherson International
7D
-2.1%
1Y
42.4%
500101
₹526.10
Arvind
7D
-7.7%
1Y
56.5%
Narrative Update • Jul 09

500101: Fundraising Plans Will Support Sharjah Expansion And Future Upside Potential

Analysts have raised their price target for Arvind from ₹554 to ₹700, citing updated assumptions that combine higher forecast revenue growth and a richer future P/E multiple with more moderate profit margin expectations. What’s in the News Arvind has scheduled a Board Meeting on Jul 03, 2026 to consider proposals for raising funds through equity issuance, including options such as qualified institutions placements, further public issue, rights issue, preferential issue or other permissible modes, subject to regulatory and shareholder approvals.
PWL
₹147.43
Physicswallah
7D
13.3%
1Y
n/a
OLAELEC
₹40.41
Ola Electric Mobility
7D
-9.2%
1Y
1.5%
Narrative Update • Jul 08

OLAELEC: Residential Storage And New Equity Raise Will Shape Balanced Outlook

Analysts have trimmed their price target on Ola Electric Mobility from ₹45.00 to ₹40.00, citing updated assumptions for revenue growth, profitability, discount rate, and a significantly lower future P/E multiple in their valuation analysis. What’s in the News for Ola Electric Mobility Ola Electric Mobility completed a follow on equity offering of 217,578,428 equity shares, raising ₹7.802362b at a price of ₹35.86 per share (Regulation S, subsequent direct listing).
DIXON
₹13,421.00
Dixon Technologies (India)
7D
7.7%
1Y
-15.0%
Narrative Update • Jul 06

DIXON: Dividend Momentum And Earnings Multiple Will Support Long Term Returns

The analyst price target for Dixon Technologies (India) has been raised from ₹15,200 to about ₹16,113 as analysts factor in updated assumptions around the discount rate, revenue growth, profit margin and future P/E. What’s in the News for Dixon Technologies (India) Dixon Technologies (India) has a Board Meeting scheduled for May 12, 2026 to consider and approve audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, along with the statement of assets and liabilities and cash flows.
500114
₹4,586.10
Titan
7D
2.8%
1Y
36.5%
BAJAJ-AUTO
₹10,156.00
Bajaj Auto
7D
3.8%
1Y
25.9%
PAGEIND
₹39,395.00
Page Industries
7D
-8.0%
1Y
-17.8%
Narrative Update • Jul 01

PAGEIND: Dividend Payout And Margin Assumptions Will Shape Measured Future Upside

Analysts have revised their price target for Page Industries to ₹48,000 from ₹46,300, citing updated assumptions around revenue growth, profit margins, and a lower future P/E multiple. What’s in the News for Page Industries Page Industries held a board meeting on 21 May 2026 to consider audited financial results for the quarter and year ending 31 March 2026, and to review a 4th interim dividend for the 2025-26 financial year.
KPRMILL
₹1,110.10
K.P.R. Mill
7D
-6.3%
1Y
-7.5%
500251
₹2,902.75
Trent
7D
-13.1%
1Y
-18.7%
ETERNAL
₹289.65
Eternal
7D
2.8%
1Y
10.0%
Narrative Update • Jun 30

ETERNAL: Asset Transfer Plans Will Reinforce Concerns Over Stretch P/E Assumptions

Analysts have revised their price target for Eternal to ₹226.96 from ₹241.40. This reflects updated views on revenue growth potential, profit margins and a lower assumed future P/E multiple.
NYKAA
₹330.10
FSN E-Commerce Ventures
7D
6.4%
1Y
52.0%
Narrative Update • Jun 26

NYKAA: Planned 82E Stake And Board Moves Will Struggle To Justify Valuation

Analysts have lifted their 12 month price target for FSN E-Commerce Ventures from about ₹162 to around ₹213, citing updated assumptions that include a slightly lower discount rate, a modest tweak to revenue growth expectations, a higher projected profit margin and a somewhat lower future P/E multiple. What’s in the News for FSN E-Commerce Ventures FSN E-Commerce Ventures has scheduled a board meeting on May 15, 2026, to consider reappointing Adwaita Nayar and Anchit Nayar as whole time executive directors for 5 year terms and to consider reappointing Anita Ramachandran as a non executive independent director for a second 5 year term.
SWIGGY
₹273.25
Swiggy
7D
10.1%
1Y
-29.0%
Narrative Update • Jun 26

SWIGGY: Future Profitability Assumptions Will Drive Repriced Expectations And Governance Changes

Analysts have reduced their price target for Swiggy from about ₹329 to around ₹234, citing more conservative assumptions on revenue growth, profit margins, and future P/E expectations. What’s in the News for Swiggy Swiggy held an Analyst and Investor Day, giving institutional and retail investors a detailed update on the business and management’s priorities.
500570
₹338.10
Tata Motors Passenger Vehicles
7D
-1.8%
1Y
-50.4%
MARUTI
₹13,854.00
Maruti Suzuki India
7D
-3.6%
1Y
10.2%
Narrative Update • Jun 22

MARUTI: Gujarat Capacity Expansion And Land Purchase Will Support Future Upside

Analysts have trimmed their fair value estimate for Maruti Suzuki India slightly to ₹15,794 from about ₹15,840, reflecting small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Maruti Suzuki India announced an annual dividend of ₹140.00 per share, with an ex-date and record date of August 7, 2026, and a scheduled payment date of September 9, 2026.