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Indian (NIFTY) Consumer Staples Sector Analysis

UpdatedMay 27, 2026
DataAggregated Company Financials
Companies397
  • 7D-0.8%
  • 3M-1.7%
  • 1Y-7.6%
  • YTD-4.0%

Last week, the Consumer Staples industry hasn't moved much but Varun Beverages is up 3.2% in that time. As for the longer term, the industry has declined 7.6% in the last year. Earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 May 2026₹30.7t₹8.2t₹765.4b20.8x40.1x3.7x
Fri, 24 Apr 2026₹31.5t₹8.1t₹740.1b21.3x42.6x3.9x
Sun, 22 Mar 2026₹28.3t₹8.0t₹735.8b19.6x38.5x3.5x
Tue, 17 Feb 2026₹30.8t₹8.0t₹734.0b22.4x42x3.9x
Thu, 15 Jan 2026₹31.2t₹7.8t₹723.9b23.8x43.1x4x
Sat, 13 Dec 2025₹31.4t₹7.8t₹722.9b23.4x43.4x4x
Mon, 10 Nov 2025₹32.3t₹7.7t₹719.2b24.6x44.9x4.2x
Wed, 08 Oct 2025₹32.2t₹7.5t₹706.1b24.8x45.6x4.3x
Fri, 05 Sep 2025₹33.9t₹7.5t₹705.5b25.3x48x4.5x
Sun, 03 Aug 2025₹32.7t₹7.4t₹702.8b26.1x46.6x4.4x
Tue, 01 Jul 2025₹31.9t₹7.3t₹698.8b26.4x45.7x4.4x
Thu, 29 May 2025₹31.9t₹7.3t₹693.0b25.9x46.1x4.4x
Sat, 26 Apr 2025₹32.2t₹7.1t₹665.4b23.6x48.3x4.5x
Mon, 24 Mar 2025₹30.1t₹7.1t₹665.6b25.1x45.3x4.3x
Wed, 19 Feb 2025₹29.6t₹7.0t₹664.3b24.2x44.5x4.2x
Fri, 17 Jan 2025₹30.9t₹6.9t₹668.6b28.9x46.3x4.5x
Sun, 15 Dec 2024₹32.5t₹6.9t₹668.3b32.3x48.6x4.7x
Tue, 12 Nov 2024₹33.0t₹6.9t₹668.2b32.9x49.4x4.8x
Thu, 10 Oct 2024₹35.6t₹6.8t₹657.1b34.5x54.2x5.3x
Sat, 07 Sep 2024₹36.6t₹6.8t₹654.4b36.6x55.9x5.4x
Mon, 05 Aug 2024₹35.3t₹6.7t₹649.2b35.4x54.3x5.2x
Wed, 03 Jul 2024₹32.9t₹6.6t₹635.7b33.5x51.8x5x
Fri, 31 May 2024₹30.8t₹6.6t₹624.1b31.2x49.4x4.7x
Sun, 28 Apr 2024₹30.8t₹6.5t₹620.7b30.6x49.6x4.8x
Tue, 26 Mar 2024₹30.1t₹6.4t₹617.9b27.9x48.7x4.7x
Thu, 22 Feb 2024₹30.4t₹6.4t₹616.1b31.6x49.3x4.7x
Sat, 20 Jan 2024₹31.2t₹6.4t₹600.8b32.1x52x4.9x
Mon, 18 Dec 2023₹30.3t₹6.4t₹599.8b30.6x50.5x4.7x
Wed, 15 Nov 2023₹29.1t₹6.4t₹600.9b29.9x48.4x4.5x
Fri, 13 Oct 2023₹29.1t₹6.3t₹600.5b30.6x48.5x4.6x
Sun, 10 Sep 2023₹28.8t₹6.5t₹600.4b30x48x4.5x
Tue, 08 Aug 2023₹28.7t₹6.5t₹594.9b28.9x48.2x4.4x
Thu, 06 Jul 2023₹29.3t₹6.4t₹589.7b28.9x49.6x4.5x
Sat, 03 Jun 2023₹27.9t₹6.4t₹588.3b28.3x47.4x4.3x
Price to Earnings Ratio

47.4x


Total Market Cap: ₹27.9tTotal Earnings: ₹588.3bTotal Revenue: ₹6.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Consumer Staples Sector Price to Earnings3Y Average 47.7x202420252026
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 40.1x which is lower than its 3-year average PE of 47.7x.
  • The 3-year average PS ratio of 4.5x is higher than the industry's current PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have grown 9.2% per year over the last three years.
  • Revenues for these companies have grown 8.7% 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 Market1.96%
Consumer Staples-0.80%
Beverage1.48%
Food-0.44%
Personal Products-0.58%
Tobacco-2.60%
Food and Staples Retail-3.05%
Household Products-3.23%
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 17.7%, which is higher than its past year's earnings growth of 9.2% per year.
  • Investors are most pessimistic about the Tobacco industry, which is trading below its 3-year average of 26.5x.
Forecasted Growth
  • Analysts are most optimistic on the Food and Staples Retail industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings growth rate of 9.2% per year.
  • In contrast, the Tobacco industry is expected to see its earnings grow by 3.7% 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
VBL Varun Beverages₹531.303.2%
+₹55.8b		9.4%PE56.5x
530843 Cupid₹127.9512.0%
+₹18.5b		514.1%PE159x
HONASA Honasa Consumer₹396.0011.7%
+₹13.5b		24.2%PE64.4x
GODREJCP Godrej Consumer Products₹1.03k1.0%
+₹10.0b		-18.7%PE56.7x
512573 Avanti Feeds₹1.33k5.1%
+₹8.8b		56.6%PE28.7x

Latest News

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Emami
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Narrative Update • May 26

531162: Upcoming May Results And Board Decisions Will Support Bullish Outlook

Analysts have trimmed their fair value estimate for Emami from ₹800 to about ₹745, citing updated assumptions that include slightly higher revenue growth expectations, along with a lower projected profit margin and a reduced future P/E multiple. What's in the News Board meeting scheduled for May 21, 2026, at 12:00 Indian Standard Time to consider and approve audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026 (company filing).
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Tilaknagar Industries
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ITC
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ITC
7D
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HONASA
₹396.00
Honasa Consumer
7D
11.7%
1Y
24.2%
512573
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Avanti Feeds
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5.1%
1Y
56.6%
530843
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Cupid
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514.1%
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KRBL
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9.5%
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0.9%
BRITANNIA
₹5,338.00
Britannia Industries
7D
-1.4%
1Y
-2.9%
Narrative Update • May 14

BRITANNIA: Upcoming Dividend Decisions Will Support Confident Long Term Outlook

Analysts have trimmed their price target on Britannia Industries to about ₹6,260 from roughly ₹6,609, citing updated assumptions that reflect a slightly higher discount rate, more moderate revenue growth expectations, and a lower future P/E multiple, partly offset by a marginally higher projected profit margin. What's in the News Annual dividend of ₹90.50 per share announced, with payment scheduled for September 6, 2026, ex-date on July 31, 2026, and record date also on July 31, 2026 (Key Developments).
TATACONSUM
₹1,187.60
Tata Consumer Products
7D
-1.9%
1Y
4.3%
Narrative Update • May 13

TATACONSUM: Auditor Shift Dividend Plans And New Capacity Will Shape Expectations

Analysts have nudged their fair value estimate for Tata Consumer Products from ₹1,293.61 to ₹1,347.83, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Tata Consumer Products has declared an annual dividend of ₹10.00 per share, with an ex date and record date of May 25, 2026, and a scheduled payment date of July 10, 2026 (Key Developments).
GODREJCP
₹1,031.80
Godrej Consumer Products
7D
1.0%
1Y
-18.7%
Narrative Update • May 13

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

Analysts have trimmed their price target on Godrej Consumer Products from about ₹1,316 to about ₹1,273, citing updated assumptions that combine slightly lower profit margins with higher expected revenue growth and a modestly higher future P/E multiple. What's in the News Board meeting scheduled on May 6, 2026, at 13:30 IST to review audited financial results for the quarter and full year ended March 31, 2026 (company filing) Directors to consider declaration of an interim dividend at the May 6, 2026 board meeting (company filing) Board to consider convening the 26th annual general meeting of shareholders on Friday, August 7, 2026 (company filing) Agenda also includes discussion of other matters relating to the company at the upcoming board meeting (company filing) Valuation Changes Fair Value: trimmed from about ₹1,316.34 to about ₹1,272.63, a reduction of roughly ₹43.71 per share.
HINDUNILVR
₹2,209.40
Hindustan Unilever
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-1.1%
1Y
-7.2%
Analysis Article • May 08

Solid Earnings May Not Tell The Whole Story For Hindustan Unilever (NSE:HINDUNILVR)

Hindustan Unilever Limited's ( NSE:HINDUNILVR ) robust recent earnings didn't do much to move the stock. We think this...
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AWL Agri Business
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Narrative Update • May 07

AWL: New Health-Focused Food Expansion Will Drive Future Upside Potential

Analysts have trimmed their price target on AWL Agri Business from ₹360 to ₹340 as they rework assumptions around a slightly higher discount rate, faster revenue growth, a lower profit margin profile, and a marginally lower future P/E multiple. What's in the News AWL Agri Business is holding an Analyst and Investor Day to share its priorities, review business performance, and outline its long term growth roadmap, including a Q&A with the management team (company event).
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Avenue Supermarts
7D
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1Y
0.2%
VBL
₹531.30
Varun Beverages
7D
3.2%
1Y
9.4%
Narrative Update • May 02

VBL: Upcoming Board Meeting And Interim Dividend Decision Will Support Bullish Outlook

Analysts have lifted their price target on Varun Beverages from ₹536.50 to about ₹587.23, citing updated assumptions that pair slightly higher projected revenue growth with a broadly similar profit margin profile and future P/E multiple. What's in the News Board meeting scheduled on Apr 27, 2026 to review Unaudited Financial Results on a Standalone and Consolidated basis for the quarter ended Mar 31, 2026 (company filing).
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Gillette India
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