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Indian (NIFTY) Consumer Staples Sector Analysis

UpdatedMar 24, 2026
DataAggregated Company Financials
Companies392
  • 7D-4.9%
  • 3M-14.9%
  • 1Y-11.5%
  • YTD-13.6%

Over the last 7 days, the Consumer Staples industry has dropped 4.9%, driven by Hindustan Unilever declining 5.7%. Meanwhile, Gokul Agro Resources actually outperformed within the industry, gaining 12% in the last week. Overall the industry is down 11% in 12 months. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Mar 2026₹27.6t₹8.0t₹735.8b19.4x37.5x3.4x
Thu, 19 Feb 2026₹31.3t₹8.0t₹734.2b22.1x42.7x3.9x
Sat, 17 Jan 2026₹31.1t₹7.8t₹723.9b23.3x43x4x
Mon, 15 Dec 2025₹31.4t₹7.8t₹723.1b23.8x43.4x4x
Wed, 12 Nov 2025₹32.3t₹7.7t₹718.5b23.7x45x4.2x
Fri, 10 Oct 2025₹32.1t₹7.5t₹706.1b24.1x45.5x4.3x
Sun, 07 Sep 2025₹33.5t₹7.5t₹705.5b25.1x47.5x4.5x
Tue, 05 Aug 2025₹32.7t₹7.4t₹702.9b25.8x46.6x4.4x
Thu, 03 Jul 2025₹31.7t₹7.3t₹698.8b26.6x45.4x4.4x
Sat, 31 May 2025₹31.8t₹7.3t₹697.9b25.5x45.5x4.3x
Mon, 28 Apr 2025₹32.2t₹7.1t₹665.0b23.6x48.4x4.5x
Wed, 26 Mar 2025₹30.2t₹7.1t₹665.6b24.7x45.4x4.3x
Fri, 21 Feb 2025₹29.6t₹7.0t₹664.9b24.9x44.5x4.2x
Sun, 19 Jan 2025₹31.1t₹6.9t₹668.4b29x46.6x4.5x
Tue, 17 Dec 2024₹32.4t₹6.9t₹668.3b32.3x48.5x4.7x
Thu, 14 Nov 2024₹32.1t₹6.9t₹667.4b30.8x48.2x4.7x
Sat, 12 Oct 2024₹35.4t₹6.8t₹657.1b34.9x53.9x5.2x
Mon, 09 Sep 2024₹36.7t₹6.8t₹654.4b36.6x56x5.4x
Wed, 07 Aug 2024₹35.1t₹6.7t₹649.8b33.7x53.9x5.2x
Fri, 05 Jul 2024₹33.1t₹6.6t₹635.7b34.7x52.1x5x
Sun, 02 Jun 2024₹30.7t₹6.6t₹624.1b31x49.2x4.7x
Tue, 30 Apr 2024₹30.8t₹6.5t₹620.8b31.6x49.7x4.8x
Thu, 28 Mar 2024₹30.0t₹6.4t₹617.9b27.1x48.6x4.7x
Sat, 24 Feb 2024₹30.6t₹6.4t₹616.1b31.9x49.7x4.8x
Mon, 22 Jan 2024₹30.9t₹6.4t₹601.4b32.6x51.4x4.8x
Wed, 20 Dec 2023₹30.6t₹6.4t₹599.8b31.3x51x4.8x
Fri, 17 Nov 2023₹29.2t₹6.4t₹600.4b29.3x48.7x4.6x
Sun, 15 Oct 2023₹29.3t₹6.3t₹600.5b30.9x48.7x4.6x
Tue, 12 Sep 2023₹29.1t₹6.5t₹600.4b30.9x48.4x4.5x
Thu, 10 Aug 2023₹28.7t₹6.5t₹595.7b28.5x48.2x4.4x
Sat, 08 Jul 2023₹28.9t₹6.4t₹589.7b28.8x49x4.5x
Mon, 05 Jun 2023₹27.9t₹6.4t₹588.7b27.8x47.4x4.4x
Wed, 03 May 2023₹26.3t₹6.1t₹591.9b24.8x44.5x4.3x
Fri, 31 Mar 2023₹25.1t₹6.1t₹578.8b22.9x43.4x4.1x
Price to Earnings Ratio

43.4x


Total Market Cap: ₹25.1tTotal Earnings: ₹578.8bTotal Revenue: ₹6.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Consumer Staples Sector Price to Earnings3Y Average 47.9x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Consumer Staples industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 37.5x which is lower than its 3-year average PE of 47.9x.
  • The 3-year average PS ratio of 4.5x is higher than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have grown 8.3% per year over the last three years.
  • Revenues for these companies have grown 9.9% 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 Staples sector?

IN Market-3.57%
Consumer Staples-4.90%
Food-4.01%
Food and Staples Retail-4.27%
Beverage-5.16%
Personal Products-5.36%
Tobacco-5.95%
Household Products-7.11%
Industry PE
  • Investors are most optimistic about the Food and Staples Retail industry even though it's trading below its 3-year average PE ratio of 100x.
    • Analysts are expecting annual earnings growth of 17.2%, which is higher than its past year's earnings growth of 3.8% per year.
  • Investors are most pessimistic about the Tobacco industry, which is trading below its 3-year average of 27.0x.
Forecasted Growth
  • Analysts are most optimistic on the Beverage industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 4.2% per year.
  • In contrast, the Tobacco industry is expected to see its earnings grow by 2.7% 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
UNITDSPR United Spirits₹1.33k2.0%
+₹18.9b		-2.7%PE54.8x
HONASA Honasa Consumer₹288.309.2%
+₹7.9b		21.0%PE60.2x
TRIVENI Triveni Engineering & Industries₹370.3010.1%
+₹7.4b		-6.6%PE27.3x
AWL AWL Agri Business₹180.142.9%
+₹6.6b		-30.6%PE24.8x
531335 Zydus Wellness₹439.954.3%
+₹5.8b		31.7%PE67.6x

Latest News

500790
₹1,182.85
Nestlé India
7D
-1.9%
1Y
4.9%
532070
₹209.60
Sumuka Agro Industries
7D
13.5%
1Y
12.9%
DABUR
₹421.40
Dabur India
7D
-6.9%
1Y
-17.3%
BRITANNIA
₹5,513.50
Britannia Industries
7D
-5.9%
1Y
13.8%

BRITANNIA: Upcoming Leadership Vote Will Support Confident Long Term Outlook

Analysts have nudged their price target for Britannia Industries slightly higher to ₹6,765.85 from ₹6,762.09. This reflects very small adjustments to fair value assumptions, revenue growth expectations, profit margin forecasts and the future P/E multiple.
HINDUNILVR
₹2,085.00
Hindustan Unilever
7D
-3.4%
1Y
-8.2%

HINDUNILVR: Capacity Expansion And Governance Reset Will Support Future Margin Resilience

Analysts have trimmed their price target on Hindustan Unilever from about ₹2,760 to roughly ₹2,670, citing tempered revenue growth expectations and a largely unchanged profit margin and P/E outlook. What's in the News Proposed investment of up to ₹20,000m over two years to expand manufacturing capacity in premium Beauty & Wellbeing and Home Care liquid categories across multiple locations, with a focus on advanced automation, digital technologies, and 100% renewable energy usage at the new facilities (company announcement).
519600
₹1,081.35
CCL Products (India)
7D
4.0%
1Y
87.9%

519600: Overvaluation Concerns Will Center On Upcoming Interim Dividend Decision

Analysts have kept the price target for CCL Products (India) steady at ₹806.10. This reflects only small tweaks to their models around revenue growth, profit margin and future P/E assumptions, rather than a change in overall view.
VBL
₹388.35
Varun Beverages
7D
-4.4%
1Y
-24.9%

VBL: Twizza Acquisition Will Shape Future Upside In Bullish Narrative

Analysts now see only a slight adjustment to Varun Beverages' fair value estimate, trimming the target by about ₹2 per share as they fine tune assumptions around future P/E and margins. What's in the News Board meeting scheduled on Dec 21, 2025 to consider approval for acquiring 100% share capital of Twizza Proprietary Limited at an enterprise value of ZAR 2,095m through South African subsidiary The Beverages Company Proprietary Limited, subject to regulatory and other approvals including Competition Commissions of South Africa, Botswana and Eswatini (company filing).
HONASA
₹288.30
Honasa Consumer
7D
9.2%
1Y
21.0%

HONASA: Lower Discount Rate And Higher Margins Will Support Repricing

Narrative Update: Honasa Consumer Analyst Price Target Revision Analysts have lifted their price target on Honasa Consumer from ₹400 to ₹500, citing changes to key model inputs such as a lower discount rate, a higher assumed profit margin, and a slightly different forward P/E assumption. Analyst Commentary Bullish analysts framing the new ₹500 price target are highlighting what they see as stronger fundamentals being reflected more fully in valuation, rather than a purely sentiment driven move.
TRIVENI
₹370.30
Triveni Engineering & Industries
7D
10.1%
1Y
-6.6%

TRIVENI: Spirits Expansion And Diversified Operations Will Support A Steady Outlook

Analysts have kept the price target for Triveni Engineering & Industries steady at ₹363, citing only modest adjustments to long term assumptions for revenue growth, profit margins and future P/E as the grounds for maintaining their valuation view. What's in the News A board meeting is scheduled on January 30, 2026 to consider and approve unaudited financial results for Q3 and the nine months ended December 31, 2025, and to consider an interim dividend on the equity share capital for FY 2025-26 (Key Developments).
UNITDSPR
₹1,328.00
United Spirits
7D
2.0%
1Y
-2.7%

UNITDSPR: Cricket Franchise Sale And Dividend Will Shape Future Core Focus

Analysts have adjusted their price target on United Spirits slightly lower to ₹1,307 from ₹1,319, citing updated assumptions on profit margins and growth that also contribute to a higher expected future P/E multiple. What's in the News The board has approved an interim dividend of ₹6 per equity share on a face value of ₹2 per share for the financial year ending 31 March 2026, with a record date of Tuesday, 27 January 2026 and payment on or after Monday, 16 February 2026 (Key Developments).
531335
₹439.95
Zydus Wellness
7D
4.3%
1Y
31.7%
TATACONSUM
₹1,053.10
Tata Consumer Products
7D
-2.3%
1Y
8.5%

TATACONSUM: Stalled Nutrition Deal Will Shape Future Upside Potential

Analysts have inched up their price target on Tata Consumer Products to about ₹1,321 from roughly ₹1,313, reflecting fine tuned assumptions on long term revenue growth, margins and future P/E multiples. What's in the News Board meeting scheduled on Jan 27, 2026 at 11:00 IST to consider unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025, along with limited review reports from auditors (company filing).
AWL
₹180.14
AWL Agri Business
7D
2.9%
1Y
-30.6%

AWL: Upcoming Board And Leadership Decisions Will Support Future Upside Potential

Analysts have kept the fair value for AWL Agri Business steady at ₹360.0, with the unchanged price target largely supported by slightly adjusted assumptions for revenue growth, profit margin and future P/E, while the discount rate remains the same. What's in the News Board meeting scheduled on Feb 03, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company board notice).
GODREJCP
₹1,006.90
Godrej Consumer Products
7D
-3.3%
1Y
-10.9%

GODREJCP: Upcoming Board Meeting And Interim Dividend Will Support Bullish Outlook

Analysts have kept their fair value estimate for Godrej Consumer Products steady at ₹1,387.11, with a slightly lower discount rate and a marginally adjusted future P/E assumption. This reflects fine tuning of their valuation inputs rather than a major shift in their view.
ORKLAINDIA
₹590.40
Orkla India
7D
6.5%
1Y
n/a
ITC
₹291.25
ITC
7D
-4.5%
1Y
-28.9%