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Indian (NIFTY) Food Industry Analysis

UpdatedJul 03, 2026
DataAggregated Company Financials
Companies277
  • 7D1.9%
  • 3M9.9%
  • 1Y2.7%
  • YTD0.6%

Over the last 7 days, the Food industry has risen 1.9%, driven by gains from Nestlé India of 3.1%. Overall in the last year, the industry is flat. 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
Fri, 03 Jul 2026₹10.2t₹4.6t₹242.4b18.2x41.9x2.2x
Sun, 31 May 2026₹10.1t₹4.6t₹242.7b18.8x41.4x2.2x
Tue, 28 Apr 2026₹10.2t₹4.4t₹233.5b19.5x43.8x2.3x
Thu, 26 Mar 2026₹9.3t₹4.4t₹230.2b17.5x40.4x2.1x
Sat, 21 Feb 2026₹9.9t₹4.4t₹230.1b19.4x43.2x2.3x
Mon, 19 Jan 2026₹9.8t₹4.3t₹217.7b17.5x45x2.3x
Wed, 17 Dec 2025₹9.8t₹4.2t₹217.4b19.4x45.3x2.3x
Fri, 14 Nov 2025₹10.0t₹4.2t₹213.6b20.4x46.7x2.4x
Sun, 12 Oct 2025₹9.7t₹4.0t₹209.8b20.9x46.2x2.4x
Tue, 09 Sep 2025₹9.7t₹4.0t₹209.2b22.6x46.5x2.4x
Thu, 07 Aug 2025₹9.3t₹4.0t₹208.4b22.9x44.5x2.3x
Sat, 05 Jul 2025₹9.6t₹3.9t₹210.3b21.5x45.8x2.5x
Mon, 02 Jun 2025₹9.6t₹3.9t₹210.6b21.1x45.7x2.5x
Wed, 30 Apr 2025₹9.6t₹3.8t₹204.6b20.6x46.7x2.5x
Fri, 28 Mar 2025₹8.7t₹3.8t₹203.1b18.8x43x2.3x
Sun, 23 Feb 2025₹8.8t₹3.7t₹203.0b20.5x43.2x2.3x
Tue, 21 Jan 2025₹9.0t₹3.6t₹209.4b24x42.8x2.5x
Thu, 19 Dec 2024₹9.1t₹3.6t₹209.6b25.2x43.6x2.5x
Sat, 16 Nov 2024₹9.0t₹3.6t₹207.3b24.4x43.6x2.5x
Mon, 14 Oct 2024₹10.1t₹3.6t₹201.7b29.5x50.2x2.8x
Wed, 11 Sep 2024₹10.4t₹3.6t₹199.2b32.3x52.1x2.9x
Fri, 09 Aug 2024₹9.9t₹3.5t₹196.1b29.1x50.5x2.8x
Sun, 07 Jul 2024₹9.6t₹3.5t₹187.8b29x50.9x2.7x
Tue, 04 Jun 2024₹8.7t₹3.5t₹178.5b27.1x49x2.5x
Thu, 02 May 2024₹8.8t₹3.5t₹156.9b27.5x56.3x2.6x
Sat, 30 Mar 2024₹8.6t₹3.4t₹154.8b23.8x55.3x2.5x
Mon, 26 Feb 2024₹9.1t₹3.4t₹152.9b28.7x59.2x2.7x
Wed, 24 Jan 2024₹8.9t₹3.5t₹146.4b29.1x60.5x2.6x
Fri, 22 Dec 2023₹8.7t₹3.5t₹146.4b29.6x59.4x2.5x
Sun, 19 Nov 2023₹8.4t₹3.5t₹146.7b28x57.1x2.4x
Tue, 17 Oct 2023₹8.3t₹3.4t₹149.9b27.9x55.3x2.4x
Thu, 14 Sep 2023₹8.1t₹3.4t₹149.9b26.6x54.1x2.4x
Sat, 12 Aug 2023₹7.9t₹3.4t₹154.3b26.1x51.3x2.3x
Mon, 10 Jul 2023₹7.9t₹3.4t₹157.0b24.5x50.4x2.3x
Price to Earnings Ratio

50.4x


Total Market Cap: ₹7.9tTotal Earnings: ₹157.0bTotal Revenue: ₹3.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Food Industry Price to Earnings3Y Average 48.7x202420252026
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 41.9x which is lower than its 3-year average PE of 48.7x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 16% 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 Market0.87%
Consumer Staples1.31%
Food1.92%
Packaged Foods and Meats1.99%
Agricultural Products0.14%
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 50.5x.
    • Analysts expect its future annual earnings growth (15.0%) to be largely in line with prior year's earnings growth.
  • 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 better than its past earnings growth rate of 13% per year.
  • 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
500790 Nestlé India₹1.46k4.0%
+₹108.7b		22.0%PE80.4x
BRITANNIA Britannia Industries₹5.38k2.7%
+₹34.2b		-6.8%PE51.1x
531335 Zydus Wellness₹598.3015.9%
+₹26.1b		50.0%PE96.5x
531642 Marico₹838.601.6%
+₹16.7b		15.1%PE61.8x
AWL AWL Agri Business₹191.115.0%
+₹11.7b		-25.4%PE23.7x

Latest News

500790
₹1,459.40
Nestlé India
7D
4.0%
1Y
22.0%
AWL
₹191.11
AWL Agri Business
7D
5.0%
1Y
-25.4%
Narrative Update • Jun 24

AWL: Upcoming Investor Day Will Highlight Long Term Upside Potential

Analysts have maintained their fair value target for AWL Agri Business at ₹340.00, reflecting updated assumptions for slightly higher revenue growth of 9.67% and a modestly improved profit margin of 2.02%, along with a largely unchanged future P/E framework. What’s in the News for AWL Agri Business AWL Agri Business plans an Analyst and Investor Day focused on the company’s priorities, business performance and long term growth roadmap, with direct interaction planned between investors and the management team.
BIKAJI
₹662.20
Bikaji Foods International
7D
3.4%
1Y
-9.6%
Narrative Update • Jun 24

BIKAJI: Upcoming Dividend And Board Review Will Support Further Upside

Analysts have reduced their fair value estimate for Bikaji Foods International by ₹10 to ₹784.2. This change reflects slightly adjusted assumptions for revenue growth, profit margins and future P/E expectations. What's in the News Bikaji Foods International has announced an annual dividend of ₹1.25 per share, with payment scheduled for September 19, 2026.
BECTORFOOD
₹176.61
Mrs. Bectors Food Specialities
7D
-3.3%
1Y
-34.9%
Narrative Update • Jun 24

BECTORFOOD: Steady Board Actions And Dividend Plans Will Support Future Upside

Analysts have maintained their fair value estimate for Mrs. Bectors Food Specialities at ₹228.09 per share, with unchanged assumptions on discount rate, revenue growth, profit margin and future P/E.
LTFOODS
₹379.15
LT Foods
7D
-1.7%
1Y
-22.2%
Narrative Update • Jun 23

LTFOODS: Brand Engagement And Governance Changes Will Support Future Upside

Analysts kept their fair value estimate for LT Foods steady at ₹518.0, with small refinements to revenue growth, profit margin and future P/E assumptions guiding this unchanged price target. What's in the News LT Foods has scheduled a Board Meeting on May 14, 2026, to consider audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to consider recommending a final dividend on equity shares.
TATACONSUM
₹1,116.70
Tata Consumer Products
7D
-1.3%
1Y
2.5%
Narrative Update • Jun 22

TATACONSUM: Dividend And New Instant Tea Capacity Will Support Upside

Analysts have kept their fair value estimate for Tata Consumer Products steady at ₹1,347.83, citing only marginal model tweaks to revenue growth, profit margin and future P/E assumptions that were not enough to alter the overall price target. What's in the News for Tata Consumer Products Tata Consumer Products has scheduled a board meeting for May 8, 2026, at 14:00 IST to consider and approve audited standalone and consolidated financial results and statements for the quarter and financial year ended March 31, 2026, and to review related auditors' reports.
BALRAMCHIN
₹562.45
Balrampur Chini Mills
7D
5.3%
1Y
-4.7%
Narrative Update • Jun 19

BALRAMCHIN: Preferential Issue And Kumbhi Plant Plan Will Support Bullish Shares

Analysts have reiterated their fair value estimate for Balrampur Chini Mills at ₹630, citing unchanged assumptions on discount rate, revenue growth, profit margin and future P/E to support a steady price target view. What’s in the News for Balrampur Chini Mills A Board meeting is scheduled for April 23, 2026, to consider a proposal to raise funds through the issue of securities on a preferential basis, seek approval to convene an Extraordinary General Meeting, and review limits for issuing non convertible debentures.
531642
₹838.60
Marico
7D
1.6%
1Y
15.1%
Narrative Update • Jun 17

531642: Shampoo Entry And Upcoming Results Will Support Bullish Return Outlook

Analysts have nudged their price target on Marico slightly higher to ₹898 from about ₹895, reflecting minor model updates to fair value, profit margin and future P/E assumptions, while keeping the discount rate effectively unchanged. What's in the News for Marico Marico launched Parachute Advansed Protein Shampoo, entering the hair cleansing category with a range focused on preventing protein loss in hair and extending its Parachute Advansed brand into damage repair and related hair care segments.
531335
₹598.30
Zydus Wellness
7D
15.9%
1Y
50.0%
Narrative Update • Jun 16

531335: Upcoming Board Meeting And Dividend Decision Will Guide Fairly Valued Shares

Analysts have kept their price target for Zydus Wellness unchanged at ₹564.29, reflecting steady views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What’s in the News for Zydus Wellness Zydus Wellness has scheduled a board meeting on May 18, 2026.
TRIVENI
₹458.65
Triveni Engineering & Industries
7D
11.9%
1Y
22.3%
Narrative Update • Jun 16

TRIVENI: Future Returns Will Hinge On Margins And Upcoming Board Decisions

Analysts have maintained their fair value estimate for Triveni Engineering & Industries at ₹363. This reflects updated assumptions that incorporate projected revenue growth of 4.99%, a profit margin of 4.68%, and a future P/E expectation of 33.25x.
519477
₹1,622.30
CIAN Agro Industries & Infrastructure
7D
-7.9%
1Y
249.8%
BRITANNIA
₹5,379.00
Britannia Industries
7D
2.7%
1Y
-6.8%
Narrative Update • Jun 16

BRITANNIA: Upcoming ₹90.50 Dividend Will Support Confident Long Term Outlook

Analysts have trimmed their price target on Britannia Industries slightly, with fair value estimates moving from about ₹6,251.65 to roughly ₹6,238.41. This reflects small tweaks to revenue growth, profit margin and future P/E assumptions.
GOKULAGRO
₹209.25
Gokul Agro Resources
7D
-3.8%
1Y
39.6%
531531
₹908.60
Hatsun Agro Product
7D
-1.0%
1Y
-4.7%
KWIL
₹33.94
Kwality Walls (India)
7D
-2.4%
1Y
n/a
KRBL
₹375.50
KRBL
7D
-2.6%
1Y
-5.4%