Narrative Update • Jul 24
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Indian (NIFTY) Beverage Industry Analysis
UpdatedJul 27, 2026
DataAggregated Company Financials
Companies28
- 7D1.6%
- 3M-1.6%
- 1Y1.4%
- YTD-0.9%
In the last week, the Beverage industry is up 1.6%, with United Spirits up 6.6%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 17% per annum.
Industry Valuation and Performance
Has the Indian Beverage Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 27 Jul 2026 | ₹4.0t | ₹633.5b | ₹67.1b | 52.7x | 59.3x | 6.3x |
| Wed, 24 Jun 2026 | ₹4.0t | ₹678.8b | ₹67.3b | 53.6x | 59x | 5.8x |
| Fri, 22 May 2026 | ₹3.9t | ₹680.6b | ₹68.8b | 42.2x | 57x | 5.8x |
| Sun, 19 Apr 2026 | ₹3.8t | ₹674.7b | ₹66.8b | 43.7x | 57.1x | 5.6x |
| Tue, 17 Mar 2026 | ₹3.5t | ₹662.8b | ₹66.9b | 37.1x | 52.3x | 5.3x |
| Thu, 12 Feb 2026 | ₹3.8t | ₹633.7b | ₹68.5b | 41.1x | 55.5x | 6x |
| Sat, 10 Jan 2026 | ₹3.8t | ₹646.4b | ₹65.8b | 40.5x | 58.5x | 6x |
| Mon, 08 Dec 2025 | ₹4.0t | ₹644.5b | ₹65.6b | 41.7x | 61.1x | 6.2x |
| Wed, 05 Nov 2025 | ₹4.1t | ₹646.1b | ₹65.4b | 37.8x | 62.1x | 6.3x |
| Fri, 03 Oct 2025 | ₹3.8t | ₹635.9b | ₹62.9b | 38.8x | 59.9x | 5.9x |
| Sun, 31 Aug 2025 | ₹3.9t | ₹635.8b | ₹63.0b | 36.6x | 61.6x | 6.1x |
| Tue, 29 Jul 2025 | ₹3.9t | ₹627.9b | ₹61.5b | 43x | 63.6x | 6.2x |
| Thu, 26 Jun 2025 | ₹3.8t | ₹615.6b | ₹60.5b | 35.2x | 62.9x | 6.2x |
| Sat, 24 May 2025 | ₹4.0t | ₹673.3b | ₹60.4b | 34.1x | 65.7x | 5.9x |
| Mon, 21 Apr 2025 | ₹4.1t | ₹601.7b | ₹54.6b | 33x | 75.9x | 6.9x |
| Wed, 19 Mar 2025 | ₹3.8t | ₹591.2b | ₹54.8b | 33.8x | 70.2x | 6.5x |
| Fri, 14 Feb 2025 | ₹3.8t | ₹581.7b | ₹54.8b | 34x | 70x | 6.6x |
| Sun, 12 Jan 2025 | ₹4.3t | ₹571.9b | ₹54.3b | 41.8x | 79x | 7.5x |
| Tue, 10 Dec 2024 | ₹4.4t | ₹571.7b | ₹54.3b | 44.7x | 81.4x | 7.7x |
| Thu, 07 Nov 2024 | ₹4.1t | ₹571.0b | ₹54.6b | 43.3x | 75.9x | 7.3x |
| Sat, 05 Oct 2024 | ₹4.1t | ₹599.2b | ₹52.4b | 46.4x | 78.3x | 6.9x |
| Mon, 02 Sep 2024 | ₹4.1t | ₹599.2b | ₹52.4b | 44.7x | 78.6x | 6.9x |
| Wed, 31 Jul 2024 | ₹4.1t | ₹579.7b | ₹49.6b | 44.7x | 82.8x | 7.1x |
| Fri, 28 Jun 2024 | ₹4.0t | ₹498.7b | ₹48.9b | 39.6x | 81.8x | 8x |
| Sun, 26 May 2024 | ₹3.7t | ₹664.5b | ₹49.3b | 38.7x | 74.8x | 5.5x |
| Tue, 23 Apr 2024 | ₹3.5t | ₹482.5b | ₹46.4b | 39.8x | 75.9x | 7.3x |
| Thu, 21 Mar 2024 | ₹3.4t | ₹482.6b | ₹45.9b | 36x | 75x | 7.1x |
| Sat, 17 Feb 2024 | ₹3.5t | ₹482.6b | ₹45.9b | 41.3x | 76.9x | 7.3x |
| Mon, 15 Jan 2024 | ₹3.3t | ₹467.2b | ₹43.1b | 30.3x | 77.3x | 7.1x |
| Wed, 13 Dec 2023 | ₹3.0t | ₹466.9b | ₹43.1b | 29.8x | 69.8x | 6.4x |
| Fri, 10 Nov 2023 | ₹2.9t | ₹435.3b | ₹43.1b | 27.1x | 66.5x | 6.6x |
| Sun, 08 Oct 2023 | ₹2.7t | ₹455.2b | ₹44.1b | 29.7x | 61.1x | 5.9x |
| Tue, 05 Sep 2023 | ₹2.7t | ₹627.1b | ₹44.1b | 22.6x | 60.9x | 4.3x |
| Thu, 03 Aug 2023 | ₹2.5t | ₹617.9b | ₹41.7b | 22.5x | 60.8x | 4.1x |
Price to Earnings Ratio
60.8x
Current Industry PE
- Investors are pessimistic on the Indian Beverage 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 59.3x which is lower than its 3-year average PE of 68.0x.
- The industry is trading close to its 3-year average PS ratio of 6.4x.
Past Earnings Growth
- The earnings for companies in the Beverage industry have grown 17% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Indian Consumer Staples industry?
| IN Market | -1.36% | |
| Consumer Staples | 0.30% | |
| Beverage | 1.55% | |
| Brewers | 4.62% | |
| Distillers and Wine Makers | 3.26% | |
| Soft Drinks | -1.31% | |
Industry PE
- Investors are most optimistic about the Brewers industry even though it's trading below its 3-year average PE ratio of 107x.
- Analysts are expecting annual earnings growth of 25.1%, which is higher than its past year's earnings decline of 48.3% per year.
- Investors are most pessimistic about the Soft Drinks industry, which is trading below its 3-year average of 68.6x.
Forecasted Growth
- Analysts are most optimistic on the Brewers industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings decline of 48% per year.
- In contrast, the Soft Drinks 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| UNITDSPR United Spirits | ₹1.48k | 6.2% +₹61.6b | 12.6% | PE62.3x | |
| 532478 United Breweries | ₹1.43k | 5.8% +₹20.8b | -28.4% | PE91.5x | |
| RADICO Radico Khaitan | ₹4.15k | 0.4% +₹2.3b | 54.9% | PE91.9x | |
| 507205 Tilaknagar Industries | ₹446.65 | 0.9% +₹964.0m | -12.3% | PE529x | |
| IFBAGRO IFB Agro Industries | ₹1.04k | 7.2% +₹653.8m | 25.3% | PE17.3x |
