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Indian (NIFTY) Food Industry Analysis

UpdatedFeb 17, 2026
DataAggregated Company Financials
Companies263
  • 7D0.4%
  • 3M-1.8%
  • 1Y12.1%
  • YTD-1.4%

Last week, the Food industry hasn't moved much but Britannia Industries is up 4.5% in that time. The past year has been better, since the industry has gained 12% in that time. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

Has the Indian Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 17 Feb 2026₹9.9t₹4.4t₹230.7b18.8x43x2.3x
Thu, 15 Jan 2026₹9.8t₹4.3t₹217.7b17.8x45x2.3x
Sat, 13 Dec 2025₹9.8t₹4.2t₹217.4b19.6x45x2.3x
Mon, 10 Nov 2025₹10.0t₹4.2t₹214.8b20.2x46.5x2.4x
Wed, 08 Oct 2025₹9.6t₹4.0t₹209.8b21.2x45.9x2.4x
Fri, 05 Sep 2025₹9.8t₹4.0t₹209.2b22x46.9x2.4x
Sun, 03 Aug 2025₹9.5t₹4.0t₹208.6b21.3x45.5x2.4x
Tue, 01 Jul 2025₹9.8t₹3.9t₹211.4b21.3x46.2x2.5x
Thu, 29 May 2025₹9.6t₹3.9t₹205.9b20x46.8x2.5x
Sat, 26 Apr 2025₹9.6t₹3.8t₹204.1b20.7x47x2.5x
Mon, 24 Mar 2025₹8.8t₹3.8t₹203.1b19.8x43.5x2.4x
Wed, 19 Feb 2025₹8.7t₹3.7t₹202.3b20.4x42.9x2.3x
Fri, 17 Jan 2025₹8.9t₹3.6t₹209.5b23.4x42.5x2.5x
Sun, 15 Dec 2024₹9.3t₹3.6t₹209.6b24.8x44.3x2.6x
Tue, 12 Nov 2024₹9.5t₹3.6t₹209.1b26.7x45.3x2.6x
Thu, 10 Oct 2024₹10.2t₹3.6t₹201.6b29.7x50.4x2.9x
Sat, 07 Sep 2024₹10.2t₹3.6t₹199.2b31.3x51.4x2.9x
Mon, 05 Aug 2024₹9.9t₹3.5t₹195.1b31.1x50.9x2.8x
Wed, 03 Jul 2024₹9.4t₹3.5t₹188.0b27.3x50.1x2.7x
Fri, 31 May 2024₹8.7t₹3.5t₹178.5b26.7x48.9x2.5x
Sun, 28 Apr 2024₹8.8t₹3.5t₹156.9b27.8x56.1x2.5x
Tue, 26 Mar 2024₹8.6t₹3.4t₹154.7b24.3x55.7x2.5x
Thu, 22 Feb 2024₹9.0t₹3.4t₹152.9b29.2x58.8x2.6x
Sat, 20 Jan 2024₹9.0t₹3.5t₹146.3b29.9x61.6x2.6x
Mon, 18 Dec 2023₹8.6t₹3.5t₹146.4b30.1x58.8x2.5x
Wed, 15 Nov 2023₹8.3t₹3.5t₹147.5b28.1x56.3x2.4x
Fri, 13 Oct 2023₹8.2t₹3.4t₹149.9b28x54.8x2.4x
Sun, 10 Sep 2023₹8.1t₹3.4t₹149.8b26.9x54.2x2.4x
Tue, 08 Aug 2023₹8.0t₹3.4t₹153.5b25.4x52.4x2.3x
Thu, 06 Jul 2023₹8.0t₹3.4t₹156.8b25x50.8x2.3x
Sat, 03 Jun 2023₹7.6t₹3.4t₹155.4b24.5x48.9x2.2x
Mon, 01 May 2023₹7.4t₹3.3t₹163.0b21.5x45.2x2.2x
Wed, 29 Mar 2023₹6.6t₹3.3t₹158.9b18.5x41.8x2x
Fri, 24 Feb 2023₹6.9t₹3.3t₹156.7b23x43.9x2.1x
Price to Earnings Ratio

43.9x


Total Market Cap: ₹6.9tTotal Earnings: ₹156.7bTotal Revenue: ₹3.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Food Industry Price to Earnings3Y Average 49.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Food 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 43.0x which is lower than its 3-year average PE of 49.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 10% 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 industry?

IN Market-1.11%
Consumer Staples-1.35%
Food0.38%
Agricultural Products2.91%
Packaged Foods and Meats0.29%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry even though it's trading below its 3-year average PE ratio of 51.1x.
    • Analysts expect its future annual earnings growth (16.4%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading close to its 3-year average of 25.7x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 16% 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
BRITANNIA Britannia Industries₹6.15k4.6%
+₹65.5b		25.6%PE61.3x
512573 Avanti Feeds₹1.36k20.1%
+₹31.0b		105.8%PE29.3x
531642 Marico₹774.301.3%
+₹12.5b		23.6%PE58.6x
GODREJAGRO Godrej Agrovet₹645.258.4%
+₹9.6b		-6.5%PE28.3x
PATANJALI Patanjali Foods₹530.201.7%
+₹9.4b		-12.4%PE35x

Latest News

531531
₹903.00
Hatsun Agro Product
7D
-2.4%
1Y
-5.9%
519477
₹1,436.40
CIAN Agro Industries & Infrastructure
7D
17.8%
1Y
256.3%
BIKAJI
₹643.70
Bikaji Foods International
7D
-4.5%
1Y
13.2%

BIKAJI: Upcoming Loan And Debenture Moves Will Support Long Term Upside

Analysts have trimmed their price target for Bikaji Foods International from ₹834.14 to ₹827.38, reflecting slightly adjusted assumptions for the discount rate, revenue growth, profit margins, and future P/E multiples. What's in the News A board meeting is scheduled for January 27, 2026 to approve unaudited standalone and consolidated financial results for the quarter and nine months ending December 31, 2025, and to take on record the limited review report on these results (Key Developments).
GODREJAGRO
₹645.25
Godrej Agrovet
7D
8.4%
1Y
-6.5%
BRITANNIA
₹6,145.50
Britannia Industries
7D
4.6%
1Y
25.6%

The Britannia Industries Limited (NSE:BRITANNIA) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Feb 13
The Britannia Industries Limited (NSE:BRITANNIA) Third-Quarter Results Are Out And Analysts Have Published New Forecasts
PATANJALI
₹530.20
Patanjali Foods
7D
1.7%
1Y
-12.4%

PATANJALI: Upcoming Results Review Will Support Renewed Optimism

Analysts have trimmed their price target on Patanjali Foods from ₹692.50 to ₹657.50, citing updated assumptions that now reflect slightly softer revenue growth, a modestly higher profit margin outlook, a lower discount rate, and a reduced future P/E estimate. What's in the News Patanjali Foods has scheduled a board meeting for February 11, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
DODLA
₹1,185.10
Dodla Dairy
7D
-4.9%
1Y
17.7%

DODLA: Upcoming Results Review Will Support Confident Long Term Outlook

Analysts have trimmed their price target on Dodla Dairy slightly from ₹1,507.50 to ₹1,493.75, reflecting modest tweaks to their discount rate and future P/E assumptions while keeping revenue growth and profit margin expectations broadly unchanged. What's in the News Board meeting scheduled on January 27, 2026, to consider and approve the unaudited standalone financial results for the quarter ended December 31, 2025, along with the Limited Review Report of the Statutory Auditor.
ORKLAINDIA
₹559.75
Orkla India
7D
-4.6%
1Y
n/a
AWL
₹204.05
AWL Agri Business
7D
-2.8%
1Y
-20.4%
APEX
₹417.25
Apex Frozen Foods
7D
12.8%
1Y
98.2%
512573
₹1,359.75
Avanti Feeds
7D
20.1%
1Y
105.8%
TATACONSUM
₹1,148.50
Tata Consumer Products
7D
-0.3%
1Y
11.8%

TATACONSUM: Stalled Nutrition Deal Will Shape Future Upside Potential

Analysts have raised their price target for Tata Consumer Products from ₹1,289 to ₹1,314, citing slightly adjusted assumptions on the discount rate, revenue growth, profit margin and future P/E as the key drivers of this change. What's in the News Tata Consumer Products' proposed acquisition of Danone India has stalled after negotiations did not align with the company's expectations, halting a deal that was anticipated around the January 27 earnings call.
531642
₹774.30
Marico
7D
1.3%
1Y
23.6%

531642: New Hair Oil Extension Will Support Future Margins

Analysts have nudged their fair value estimate for Marico higher to ₹846.35 from ₹825.78, citing updated assumptions for revenue growth, profit margins and a lower future P/E multiple that together support a modestly higher price target. What's in the News A board meeting is scheduled on January 27, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, along with the auditors' limited review report (company filing).
LTFOODS
₹425.60
LT Foods
7D
3.0%
1Y
17.6%
539889
₹215.30
Parag Milk Foods
7D
-11.3%
1Y
41.6%
500790
₹1,285.75
Nestlé India
7D
-1.7%
1Y
15.6%