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Indian (NIFTY) Consumer Discretionary Sector Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies933
  • 7D-5.1%
  • 3M-7.5%
  • 1Y8.2%
  • YTD-8.1%

Over the last 7 days, the Consumer Discretionary industry has dropped 2.1%, driven by declines in Maruti Suzuki India and Mahindra & Mahindra of 6.1% and 6.5%, respectively. This takes the industry's 12 month performance to a gain of 8.2%. 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
Thu, 05 Mar 2026₹54.5t₹32.2t₹1.2t23x44.3x1.7x
Sat, 31 Jan 2026₹55.2t₹30.4t₹1.3t25.2x43.9x1.8x
Mon, 29 Dec 2025₹58.8t₹30.0t₹1.2t27.6x47.1x2x
Wed, 26 Nov 2025₹57.5t₹28.7t₹1.3t28x45.8x2x
Fri, 24 Oct 2025₹57.6t₹28.1t₹1.3t30.5x43.8x2.1x
Sun, 21 Sep 2025₹58.3t₹27.7t₹1.3t30.1x45.1x2.1x
Tue, 19 Aug 2025₹54.3t₹26.9t₹1.3t29.6x42.2x2x
Thu, 17 Jul 2025₹53.2t₹25.2t₹1.3t32.3x41.5x2.1x
Sat, 14 Jun 2025₹51.0t₹25.1t₹1.3t32.4x40x2x
Mon, 12 May 2025₹48.8t₹24.4t₹1.4t28.1x35.7x2x
Wed, 09 Apr 2025₹44.2t₹24.1t₹1.4t27.1x32.4x1.8x
Fri, 07 Mar 2025₹45.6t₹24.1t₹1.4t27.9x33.5x1.9x
Sun, 02 Feb 2025₹49.5t₹23.7t₹1.4t32x35.7x2.1x
Tue, 31 Dec 2024₹52.6t₹23.6t₹1.4t34.1x37.8x2.2x
Thu, 28 Nov 2024₹52.0t₹23.4t₹1.4t33.9x37.6x2.2x
Sat, 26 Oct 2024₹50.6t₹22.7t₹1.4t33.7x36.2x2.2x
Mon, 23 Sep 2024₹54.4t₹21.9t₹1.3t36.9x40.9x2.5x
Wed, 21 Aug 2024₹50.9t₹21.8t₹1.3t34.6x38.4x2.3x
Fri, 19 Jul 2024₹48.8t₹21.5t₹1.3t35.3x37.6x2.3x
Sun, 16 Jun 2024₹47.9t₹21.5t₹1.3t33.4x37x2.2x
Tue, 14 May 2024₹42.9t₹21.6t₹1.2t32.9x34.7x2x
Thu, 11 Apr 2024₹42.9t₹21.1t₹1.1t34x40.5x2x
Sat, 09 Mar 2024₹41.6t₹21.1t₹1.1t33.9x39.3x2x
Mon, 05 Feb 2024₹39.6t₹21.1t₹1.0t34.1x39x1.9x
Wed, 03 Jan 2024₹37.7t₹20.7t₹950.5b31.9x39.7x1.8x
Fri, 01 Dec 2023₹36.0t₹20.6t₹935.8b30.2x38.5x1.8x
Sun, 29 Oct 2023₹33.0t₹20.4t₹863.5b28.9x38.2x1.6x
Tue, 26 Sep 2023₹33.0t₹20.3t₹857.4b28.2x38.4x1.6x
Thu, 24 Aug 2023₹31.7t₹20.3t₹855.5b28.5x37.1x1.6x
Sat, 22 Jul 2023₹30.8t₹19.3t₹718.4b27.8x42.8x1.6x
Mon, 19 Jun 2023₹29.7t₹19.2t₹714.1b27.1x41.6x1.5x
Wed, 17 May 2023₹27.7t₹18.5t₹663.5b23.9x41.8x1.5x
Fri, 14 Apr 2023₹25.7t₹18.2t₹637.8b22.9x40.4x1.4x
Sun, 12 Mar 2023₹25.4t₹18.2t₹636.6b21.9x40x1.4x
Price to Earnings Ratio

40x


Total Market Cap: ₹25.4tTotal Earnings: ₹636.6bTotal Revenue: ₹18.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Consumer Discretionary Sector Price to Earnings3Y Average 39.6x202420252026
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 44.3x which is higher than its 3-year average PE of 39.6x.
  • 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 Market-4.38%
Consumer Discretionary-5.15%
Online Retail and Ecommerce0%0
Leisure-2.41%
Consumer Durables-2.75%
Specialty Stores-2.76%
Luxury-4.03%
Retail Distributors-4.27%
Hospitality-4.73%
Auto-5.56%
Auto Components-6.63%
Consumer Services-7.16%
General Merchandise and Department Stores-7.33%
Industry PE
  • Investors are most optimistic about the Hospitality industry which is trading above its 3-year average PE ratio of 157x.
    • Analysts are expecting annual earnings growth of 42.3%, which is higher than its past year's earnings growth of 10.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Services industry, expecting annual earnings growth of 81% 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
LENSKART Lenskart Solutions₹524.702.3%
+₹20.8b		n/aPE177.9x
LGEINDIA LG Electronics India₹1.58k1.3%
+₹13.9b		n/aPE61.4x
TIINDIA Tube Investments of India₹2.78k2.3%
+₹11.9b		5.0%PE90x
DIXON Dixon Technologies (India)₹10.22k1.1%
+₹6.6b		-28.3%PE39.3x
505242 Dynamatic Technologies₹10.68k6.0%
+₹4.1b		64.7%PE201.8x

Latest News

500570
₹355.15
Tata Motors Passenger Vehicles
7D
-9.3%
1Y
-44.5%
517334
₹126.45
Samvardhana Motherson International
7D
-6.5%
1Y
48.4%

517334: Upcoming Board Meetings And Revised Assumptions Will Shape Balanced Outlook

Analysts have raised their price target on Samvardhana Motherson International to ₹140.70 from ₹129.57, reflecting updated assumptions for revenue growth, profit margins, the discount rate and future P/E levels. What's in the News Board meeting scheduled for December 22, 2025, with details yet to be disclosed.
500530
₹33,236.30
Bosch
7D
-9.5%
1Y
22.9%

500530: Leadership Transition And Policy Review Will Support Future Upside Potential

Analysts have kept the Bosch fair value estimate steady at ₹41,625. A slightly lower discount rate, marginally higher revenue growth assumption, and small tweaks to profit margin and future P/E expectations are intended to reflect a more balanced view of the stock's risk and earnings profile.
TIINDIA
₹2,781.90
Tube Investments of India
7D
2.3%
1Y
5.0%
500850
₹629.80
Indian Hotels
7D
-7.5%
1Y
-15.9%

500850: Global Loyalty Partnership Will Support Earnings Power And Future Repricing Potential

Analysts have slightly reduced their price target for Indian Hotels, from about ₹840.73 to about ₹834.42, reflecting updated views on revenue growth, profit margins and future P/E assumptions. What's in the News Board meeting scheduled on Feb 12, 2026 at 14:15 IST to review unaudited standalone and consolidated financial results, along with the limited review report, for the quarter and nine months ended Dec 31, 2025 (company filing).
BAJAJ-AUTO
₹9,804.50
Bajaj Auto
7D
-3.0%
1Y
31.4%

BAJAJ-AUTO: Electric Three Wheeler Launch And Steady Outlook Will Shape Expectations

Analysts have made a modest adjustment to their view on Bajaj Auto, trimming the price target slightly to ₹10,153.85 following small changes to the discount rate, long term revenue growth, profit margin assumptions and future P/E expectations in their models. What's in the News Bajaj Auto announced the launch of the Bajaj WEGO P9018, an electric three wheeler positioned as India's biggest in its category, aimed at customers across urban, semi urban and rural markets (Key Developments).
MARUTI
₹14,415.00
Maruti Suzuki India
7D
-5.2%
1Y
23.6%

MARUTI: New Gujarat Plant Will Support Long Term Export-Led Upside

Analysts have made a small upward adjustment to their price target on Maruti Suzuki India, lifting it by about ₹7 to reflect refreshed assumptions around discount rate, revenue growth, profit margin and future P/E that remain broadly consistent with prior estimates. What's in the News Plans to set up a new manufacturing facility in Khoraj, Gujarat, with an investment of ₹3,50,000 million.
M&M
₹3,348.00
Mahindra & Mahindra
7D
-3.9%
1Y
22.1%

M&M: New Manufacturing And Export Deals Will Define Next Phase Of Upside Potential

Analysts have raised their price target on Mahindra & Mahindra from ₹4,218 to ₹4,320, citing adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E as the main factors behind the change. What's in the News Gulf Oil Lubricants India and Mahindra & Mahindra renewed their multi year lubricant partnership for the farm equipment and tractor division, with Gulf Oil set to hold the largest share of business during the term of the agreement, following more than a decade of collaboration (Client announcement).
505200
₹7,749.50
Eicher Motors
7D
-5.4%
1Y
52.1%

505200: Refined Assumptions Will Frame Outlook Ahead Of Upcoming Q3 Results

Analysts have lifted their price target on Eicher Motors from ₹7,280 to about ₹7,740, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News Eicher Motors has scheduled a board meeting for February 10, 2026, to consider and approve its unaudited standalone and consolidated financial results for the third quarter and the period ended December 31, 2025 (Key Developments).
DIXON
₹10,224.00
Dixon Technologies (India)
7D
1.1%
1Y
-28.3%

DIXON: Higher Executive Pay And Lower Future P/E Will Restrain Returns

Analysts have left their fair value estimate for Dixon Technologies (India) unchanged at ₹8,157, with small tweaks to discount rate, revenue growth and profit margin assumptions, and a meaningfully lower future P/E input helping refine rather than overhaul their price target framework. What's in the News Board meeting scheduled for January 29, 2026 at 14:38 IST to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
EIHOTEL
₹326.35
EIH
7D
1.6%
1Y
-4.7%

Returns Are Gaining Momentum At EIH (NSE:EIHOTEL)

Feb 15
Returns Are Gaining Momentum At EIH (NSE:EIHOTEL)
LENSKART
₹524.70
Lenskart Solutions
7D
2.3%
1Y
n/a
LGEINDIA
₹1,579.90
LG Electronics India
7D
1.3%
1Y
n/a
505242
₹10,681.20
Dynamatic Technologies
7D
6.0%
1Y
64.7%
BELRISE
₹187.62
Belrise Industries
7D
1.2%
1Y
n/a
BLUESTONE
₹448.25
BlueStone Jewellery and Lifestyle
7D
3.7%
1Y
n/a