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Indian (NIFTY) Consumer Discretionary Sector Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies922
  • 7D-2.7%
  • 3M-3.7%
  • 1Y2.7%
  • YTD-2.3%

Over the last 7 days, the Consumer Discretionary industry has dropped 3.2%, driven by Maruti Suzuki India declining 5.0%. Meanwhile, Eternal actually outperformed within the industry, gaining 5.6% in the last week. This takes the industry's 12 month performance to a gain of 4.3%. 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
Wed, 14 Jan 2026₹57.9t₹30.1t₹1.2t26.7x46.4x1.9x
Fri, 12 Dec 2025₹57.5t₹29.9t₹1.3t27.1x45.3x1.9x
Sun, 09 Nov 2025₹57.1t₹28.6t₹1.3t30.9x42.5x2x
Tue, 07 Oct 2025₹56.9t₹27.7t₹1.3t30x44x2.1x
Thu, 04 Sep 2025₹56.4t₹26.9t₹1.3t29.4x43.9x2.1x
Sat, 02 Aug 2025₹52.0t₹25.6t₹1.3t31x40.3x2x
Mon, 30 Jun 2025₹52.8t₹25.2t₹1.3t31.5x41.3x2.1x
Wed, 28 May 2025₹51.1t₹25.0t₹1.3t29.7x40x2x
Fri, 25 Apr 2025₹49.9t₹24.1t₹1.4t29.7x36.6x2.1x
Sun, 23 Mar 2025₹46.7t₹24.1t₹1.4t27.6x34.3x1.9x
Tue, 18 Feb 2025₹46.7t₹24.1t₹1.4t27.5x34.2x1.9x
Thu, 16 Jan 2025₹50.8t₹23.6t₹1.4t32.7x36.5x2.2x
Sat, 14 Dec 2024₹53.7t₹23.4t₹1.4t35.7x38.8x2.3x
Mon, 11 Nov 2024₹50.6t₹22.8t₹1.4t35.8x36.2x2.2x
Wed, 09 Oct 2024₹53.3t₹21.9t₹1.3t35.6x40.1x2.4x
Fri, 06 Sep 2024₹52.7t₹21.8t₹1.3t36.9x39.6x2.4x
Sun, 04 Aug 2024₹50.0t₹21.8t₹1.3t36.4x37.3x2.3x
Tue, 02 Jul 2024₹48.6t₹21.5t₹1.3t34.8x37.6x2.3x
Thu, 30 May 2024₹44.6t₹21.7t₹1.3t31.4x35.2x2.1x
Sat, 27 Apr 2024₹43.1t₹21.1t₹1.1t34.3x40.5x2x
Mon, 25 Mar 2024₹41.2t₹21.1t₹1.1t31.7x38.9x2x
Wed, 21 Feb 2024₹41.0t₹21.0t₹1.1t34.5x38.7x2x
Fri, 19 Jan 2024₹38.4t₹20.7t₹950.3b34x40.4x1.9x
Sun, 17 Dec 2023₹37.0t₹20.6t₹949.1b32.4x39x1.8x
Tue, 14 Nov 2023₹34.2t₹21.0t₹931.8b29.9x36.7x1.6x
Thu, 12 Oct 2023₹33.3t₹20.4t₹857.4b29x38.8x1.6x
Sat, 09 Sep 2023₹33.2t₹20.3t₹856.9b29.5x38.7x1.6x
Mon, 07 Aug 2023₹30.9t₹19.8t₹842.1b28.2x36.7x1.6x
Wed, 05 Jul 2023₹30.1t₹19.2t₹713.6b28x42.1x1.6x
Fri, 02 Jun 2023₹28.4t₹19.3t₹715.2b26.1x39.8x1.5x
Sun, 30 Apr 2023₹26.6t₹18.4t₹653.0b23.8x40.7x1.4x
Tue, 28 Mar 2023₹24.3t₹18.2t₹637.7b20.8x38.1x1.3x
Thu, 23 Feb 2023₹25.6t₹18.2t₹636.9b22.2x40.2x1.4x
Sat, 21 Jan 2023₹25.8t₹17.4t₹594.3b23.6x43.4x1.5x
Price to Earnings Ratio

43.4x


Total Market Cap: ₹25.8tTotal Earnings: ₹594.3bTotal Revenue: ₹17.4tTotal 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 46.4x 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 Market-2.45%
Consumer Discretionary-2.75%
Online Retail and Ecommerce0%0
Hospitality-0.28%
Luxury-0.57%
Consumer Services-0.69%
Leisure-0.95%
Specialty Stores-3.01%
Auto-3.27%
Auto Components-3.62%
Retail Distributors-4.66%
Consumer Durables-5.27%
General Merchandise and Department Stores-6.56%
Industry PE
  • Investors are most optimistic about the Hospitality industry which is trading above its 3-year average PE ratio of 151x.
    • Analysts are expecting annual earnings growth of 40.9%, which is higher than its past year's earnings growth of 8.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the General Merchandise and Department Stores industry, expecting annual earnings growth of 69% over the next 5 years.
  • This is better than its past earnings growth rate of 9.8% 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
ETERNAL Eternal₹299.256.5%
+₹166.0b		22.7%PE1444.2x
THELEELA Leela Palaces Hotels & Resorts₹452.257.4%
+₹10.5b		n/aPE58.7x
PWL Physicswallah₹131.202.1%
+₹7.8b		n/aPS11.3x
LENSKART Lenskart Solutions₹457.701.0%
+₹7.8b		n/aPE207.3x
APOLLOTYRE Apollo Tyres₹527.952.0%
+₹6.6b		16.1%PE42.3x

Latest News

THELEELA
₹452.25
Leela Palaces Hotels & Resorts
7D
7.4%
1Y
n/a
MARUTI
₹16,152.00
Maruti Suzuki India
7D
-3.9%
1Y
35.2%

MARUTI: Inclusive Mobility Initiatives And Steady Assumptions Will Support Balanced Long Term Outlook

Analysts have lifted their fair value estimate for Maruti Suzuki India from ₹17,586 to ₹17,831, citing slightly higher assumptions for revenue growth and future P/E, partly offset by a marginally lower profit margin outlook and discount rate. What's in the News Maruti Suzuki India introduced a WagonR swivel seat option aimed at improving accessibility for senior citizens and persons with disabilities, aligning the product with inclusive mobility goals (Key Developments).
APOLLOTYRE
₹527.95
Apollo Tyres
7D
2.0%
1Y
16.1%

APOLLOTYRE: Future Returns Will Reflect Repriced Credit Risk And Supportive Capital Markets

Narrative Update on Apollo Tyres The latest analyst work trims the implied fair value for Apollo Tyres from ₹564.74 to ₹562.83, as small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions bring price targets in line with recent peer group updates from analysts on alternative asset managers. Analyst Commentary Recent research on alternative asset managers is being used as a reference point for revisiting assumptions on Apollo Tyres, particularly around discount rates, earnings resilience and appropriate P/E ranges.
M&M
₹3,649.50
Mahindra & Mahindra
7D
-2.6%
1Y
23.3%

M&M: Upcoming Insurance Venture Will Define Next Phase Of Upside Potential

Analysts have nudged up their fair value estimate for Mahindra & Mahindra to ₹4,191.70 from ₹4,132.31, citing slightly higher assumed revenue growth, profit margins and future P/E levels, along with a modestly lower discount rate in their models. What's in the News Mahindra & Mahindra launched the XUV 3XO EV, an electric subcompact SUV positioned for intra city use, with a starting price below ₹13.89 Lakh and features such as dual zone AC, panoramic sunroof, electronic parking brake with auto hold, multiple drive modes and a 7 speaker Harman Kardon audio system with Dolby Atmos.
BAJAJ-AUTO
₹9,579.50
Bajaj Auto
7D
-2.1%
1Y
11.7%

BAJAJ-AUTO: Electric Three Wheeler Foray And Upcoming Results Will Shape Balanced Outlook

Analysts have nudged their price target for Bajaj Auto higher from ₹9,618 to ₹9,718, citing small adjustments to the discount rate, revenue growth, profit margin and forward P/E assumptions in their models. What's in the News Bajaj Auto has scheduled a board meeting on Nov 7, 2025 to review unaudited standalone and consolidated financial results for the second quarter and half year ended Sep 30, 2025, along with limited review reports and a press release (company filing).
532343
₹3,687.90
TVS Motor
7D
-3.9%
1Y
63.9%
532539
₹1,192.50
Uno Minda
7D
-9.5%
1Y
12.7%

532539: Future EV Investments Will Drive Bullish Repricing

Analysts have raised their price target on Uno Minda slightly to ₹1,500 from ₹1,493, citing updated assumptions on revenue growth, profit margins, discount rate and future P/E that together refine their view of the company’s valuation profile. What's in the News Board meeting scheduled for December 1, 2025, at 09:40 Indian Standard Time to review the proposed acquisition of the entire 49.90% equity stake held by Buehler Motor GmbH in Uno Minda Buehler Motor Private Limited, which is currently a subsidiary of Uno Minda (Key Developments).
505200
₹7,354.50
Eicher Motors
7D
-3.0%
1Y
44.6%

505200: Refined Assumptions Will Support Stable Outlook Ahead Of Upcoming Results

Analysts have adjusted their fair value estimate for Eicher Motors from ₹7,023.66 to ₹7,133.57, citing updated assumptions around revenue growth, profit margins, and the stock's future P/E profile. What's in the News Eicher Motors has scheduled a board meeting on Nov 13, 2025, to consider and approve its unaudited standalone and consolidated financial results for the second quarter and half year ended Sep 30, 2025 (Key Developments).
ETERNAL
₹299.25
Eternal
7D
6.5%
1Y
22.7%

ETERNAL: Higher Future P/E Will Reframe Upside Case For This Stock

Analysts have raised their price target on Eternal from $420 to $483, citing updated assumptions around revenue growth, profit margins, discount rate, and future P/E that change the risk reward profile in their models. What's in the News Eternal Limited approved the incorporation of a wholly owned subsidiary, Eternal General Service Foundation, focused on charitable and social welfare activities including hunger relief, healthcare, education, environmental sustainability, disaster response, social empowerment, animal welfare, and other public welfare programs (company announcement).
502355
₹2,425.30
Balkrishna Industries
7D
1.0%
1Y
-9.5%

502355: Future Revenue Slowdown Will Likely Outweigh Stable Profit Assumptions

Analysts kept their fair value estimate for Balkrishna Industries steady at ₹1,960, citing only modest tweaks to assumptions around the discount rate, revenue growth, profit margin and future P/E that were not material enough to shift the overall price target. What's in the News Balkrishna Industries has scheduled a Special and Extraordinary Shareholders Meeting on January 22, 2026, to be conducted via postal ballot in India (company filing).
TENNIND
₹533.10
Tenneco Clean Air India
7D
2.4%
1Y
n/a
500182
₹5,669.45
Hero MotoCorp
7D
-5.2%
1Y
37.9%

500182: Overseas Expansion Plans And GPC 2.0 Investment Will Likely Strain Upside

The analyst price target for Hero MotoCorp has been revised higher, reflecting an updated fair value of ₹4,235.55 from ₹3,785.65. Analysts attribute this change to adjustments in discount rate assumptions, revenue growth expectations, profit margin estimates and future P/E inputs.
517334
₹113.50
Samvardhana Motherson International
7D
-4.9%
1Y
14.0%

517334: Higher Fair Value And Upcoming Board Actions Will Support Shares

Analysts have lifted their price target for Samvardhana Motherson International from ₹130.00 to ₹150.00, reflecting updated assumptions for higher revenue growth, a slightly different discount rate, a lower future P/E multiple, and a small change in expected profit margin. What's in the News A board meeting is scheduled for December 22, 2025, for Samvardhana Motherson International Limited.
PWL
₹131.20
Physicswallah
7D
2.1%
1Y
n/a
LENSKART
₹457.70
Lenskart Solutions
7D
1.0%
1Y
n/a
REDTAPE
₹125.67
REDTAPE
7D
4.7%
1Y
-31.8%