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Indian (NIFTY) Food Industry Analysis

UpdatedMay 19, 2026
DataAggregated Company Financials
Companies272
  • 7D-2.9%
  • 3M2.0%
  • 1Y3.7%
  • YTD0.8%

Over the last 7 days, the Food industry has dropped 2.9%, driven by a pullback from Nestlé India of 3.3%. In the past year, the industry has gained 3.7%. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 May 2026₹10.2t₹4.5t₹241.7b19.1x42.1x2.2x
Thu, 16 Apr 2026₹9.6t₹4.4t₹230.8b19.1x41.8x2.2x
Sat, 14 Mar 2026₹9.3t₹4.4t₹230.2b17.6x40.4x2.1x
Mon, 09 Feb 2026₹9.7t₹4.3t₹224.1b18.5x43.5x2.2x
Wed, 07 Jan 2026₹10.1t₹4.3t₹217.8b18.3x46.4x2.4x
Fri, 05 Dec 2025₹9.7t₹4.2t₹217.0b20.2x44.9x2.3x
Sun, 02 Nov 2025₹9.9t₹4.1t₹211.6b20.5x46.9x2.4x
Tue, 30 Sep 2025₹9.5t₹4.0t₹209.5b21.1x45.5x2.4x
Thu, 28 Aug 2025₹9.5t₹4.0t₹209.0b20.5x45.4x2.4x
Sat, 26 Jul 2025₹9.5t₹3.9t₹208.9b22.3x45.4x2.4x
Mon, 23 Jun 2025₹9.5t₹3.9t₹211.1b21.5x44.8x2.4x
Wed, 21 May 2025₹9.5t₹3.9t₹203.9b20.7x46.6x2.5x
Fri, 18 Apr 2025₹9.6t₹3.8t₹203.5b20.9x47.1x2.5x
Sun, 16 Mar 2025₹8.5t₹3.8t₹203.1b19.4x41.7x2.3x
Tue, 11 Feb 2025₹8.9t₹3.7t₹208.1b22x43x2.4x
Thu, 09 Jan 2025₹9.1t₹3.6t₹209.8b24.4x43.5x2.5x
Sat, 07 Dec 2024₹9.4t₹3.6t₹209.5b25.6x44.8x2.6x
Mon, 04 Nov 2024₹9.7t₹3.6t₹208.9b27x46.2x2.7x
Wed, 02 Oct 2024₹10.6t₹3.6t₹202.0b30x52.4x3x
Fri, 30 Aug 2024₹10.2t₹3.6t₹199.1b31.4x51.3x2.9x
Sun, 28 Jul 2024₹9.9t₹3.5t₹192.5b28.9x51.2x2.8x
Tue, 25 Jun 2024₹9.3t₹3.5t₹188.0b28x49.5x2.7x
Thu, 23 May 2024₹8.9t₹3.5t₹177.6b27.3x50.2x2.6x
Sat, 20 Apr 2024₹8.6t₹3.4t₹154.9b27x55.2x2.5x
Mon, 18 Mar 2024₹8.8t₹3.4t₹154.6b24.3x56.7x2.5x
Wed, 14 Feb 2024₹8.8t₹3.4t₹143.0b30x61.2x2.6x
Fri, 12 Jan 2024₹9.1t₹3.5t₹146.5b30.5x61.8x2.6x
Sun, 10 Dec 2023₹8.6t₹3.5t₹146.4b29.2x59x2.5x
Tue, 07 Nov 2023₹8.3t₹3.4t₹140.8b26.6x59.2x2.4x
Thu, 05 Oct 2023₹8.1t₹3.4t₹150.0b27.5x53.9x2.4x
Sat, 02 Sep 2023₹7.9t₹3.4t₹149.9b26.3x53x2.3x
Mon, 31 Jul 2023₹8.1t₹3.5t₹154.0b25.7x52.5x2.3x
Wed, 28 Jun 2023₹7.9t₹3.4t₹155.7b25.7x50.4x2.3x
Fri, 26 May 2023₹7.5t₹3.3t₹169.9b22.9x43.9x2.2x
Price to Earnings Ratio

43.9x


Total Market Cap: ₹7.5tTotal Earnings: ₹169.9bTotal Revenue: ₹3.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Food Industry Price to Earnings3Y Average 49x202420252026
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 42.1x which is lower than its 3-year average PE of 49.0x.
  • 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 12% per year over the last three years.
  • Revenues for these companies have grown 11% 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-1.96%
Consumer Staples-1.68%
Food-2.91%
Packaged Foods and Meats-2.91%
Agricultural Products-3.00%
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 50.9x.
    • Analysts are expecting annual earnings growth of 15.1%, which is lower than the prior year's growth of 21.0% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 25.9x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 16% 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 15% 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
PATANJALI Patanjali Foods₹471.106.8%
+₹32.7b		-17.2%PE31.1x
BRITANNIA Britannia Industries₹5.42k1.5%
+₹19.9b		-0.2%PE51.5x
AWL AWL Agri Business₹202.172.0%
+₹5.2b		-22.9%PE25.1x
BIKAJI Bikaji Foods International₹678.253.0%
+₹5.0b		-5.8%PE68.9x
501425 Bombay Burmah Trading₹1.53k4.2%
+₹4.3b		-22.6%PE8.6x

Latest News

519477
₹1,452.55
CIAN Agro Industries & Infrastructure
7D
-22.6%
1Y
201.2%
DODLA
₹1,029.40
Dodla Dairy
7D
-6.5%
1Y
-12.2%
BALRAMCHIN
₹550.45
Balrampur Chini Mills
7D
3.1%
1Y
0.05%
KWIL
₹26.68
Kwality Walls (India)
7D
-4.8%
1Y
n/a
KRBL
₹333.20
KRBL
7D
-4.7%
1Y
-4.1%
501425
₹1,527.70
Bombay Burmah Trading
7D
4.2%
1Y
-22.6%
BRITANNIA
₹5,416.50
Britannia Industries
7D
1.5%
1Y
-0.2%
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
₹1,210.90
Tata Consumer Products
7D
-3.4%
1Y
7.3%
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).
RENUKA
₹23.60
Shree Renuka Sugars
7D
-6.1%
1Y
-27.5%
AWL
₹202.17
AWL Agri Business
7D
2.0%
1Y
-22.9%
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).
512573
₹1,268.20
Avanti Feeds
7D
-6.5%
1Y
45.8%
Narrative Update • May 06

512573: Unchanged Fair Value Will Sustain Downside Risk Under Stable Profitability Assumptions

Analysts have maintained their fair value estimate for Avanti Feeds at ₹1,096, with only minor tweaks to assumptions such as the discount rate, revenue growth, profit margin and future P/E feeding into this unchanged price target. Valuation Changes Fair Value: ₹1,096 remains unchanged, reflecting a stable central estimate for the stock.
BIKAJI
₹678.25
Bikaji Foods International
7D
3.0%
1Y
-5.8%
Narrative Update • Apr 26

BIKAJI: Stable Assumptions And Upcoming Results Meeting Will Support Further Upside

Analysts have kept their fair value estimate for Bikaji Foods International steady at ₹801.4 per share, citing unchanged assumptions on discount rate, revenue growth and profit margin, which together support a similar forward P/E outlook to prior assessments. What's in the News Bikaji Foods International has scheduled a board meeting for May 21, 2026, to approve audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.
PATANJALI
₹471.10
Patanjali Foods
7D
6.8%
1Y
-17.2%
Narrative Update • Apr 25

PATANJALI: Upcoming Results And Dividend Decisions Will Support Constructive Long Term Outlook

Analysts have kept their price target for Patanjali Foods steady at ₹646.25, reflecting unchanged assumptions around fair value, discount rate, revenue growth, profit margin and future P/E expectations. What's in the News Board meeting scheduled on Feb 11, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025, and to take on record the Limited Review Report from the statutory auditors (company filing).
500790
₹1,431.45
Nestlé India
7D
-2.5%
1Y
21.4%
531531
₹941.50
Hatsun Agro Product
7D
1.1%
1Y
4.5%
SANSTAR
₹112.00
Sanstar
7D
13.5%
1Y
18.8%