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Indian (NIFTY) Food Industry Analysis

UpdatedJan 02, 2026
DataAggregated Company Financials
Companies262
  • 7D1.1%
  • 3M2.2%
  • 1Y7.6%
  • YTD0%

The Food industry is up 1.1% in the last week, with Marico up 2.0%. In the last 12 months, the industry was up 7.6%. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 02 Jan 2026₹10.0t₹4.3t₹217.8b19.4x45.8x2.3x
Sun, 30 Nov 2025₹9.9t₹4.2t₹217.1b20.6x45.5x2.3x
Tue, 28 Oct 2025₹10.0t₹4.1t₹208.6b20.9x47.8x2.5x
Thu, 25 Sep 2025₹9.7t₹4.0t₹209.1b21.4x46.4x2.4x
Sat, 23 Aug 2025₹9.5t₹4.0t₹209.0b20.5x45.4x2.4x
Mon, 21 Jul 2025₹9.9t₹3.9t₹209.4b22.3x47.1x2.5x
Wed, 18 Jun 2025₹9.5t₹3.9t₹211.1b21.8x45x2.4x
Fri, 16 May 2025₹9.6t₹3.8t₹207.1b20.8x46.3x2.5x
Sun, 13 Apr 2025₹9.3t₹3.8t₹203.5b19.6x45.9x2.5x
Tue, 11 Mar 2025₹8.6t₹3.8t₹203.1b19.5x42.2x2.3x
Thu, 06 Feb 2025₹9.1t₹3.7t₹208.3b22.5x43.6x2.5x
Sat, 04 Jan 2025₹9.2t₹3.6t₹209.7b25.5x44x2.5x
Mon, 02 Dec 2024₹9.3t₹3.6t₹209.6b25x44.2x2.6x
Wed, 30 Oct 2024₹9.5t₹3.6t₹208.1b25.2x45.5x2.6x
Fri, 27 Sep 2024₹10.6t₹3.6t₹202.0b30.5x52.3x3x
Sun, 25 Aug 2024₹10.3t₹3.6t₹199.1b30.4x51.6x2.9x
Tue, 23 Jul 2024₹9.8t₹3.5t₹190.3b27.1x51.5x2.8x
Thu, 20 Jun 2024₹9.3t₹3.5t₹188.0b27.4x49.4x2.7x
Sat, 18 May 2024₹8.8t₹3.5t₹177.7b27.5x49.8x2.5x
Mon, 15 Apr 2024₹8.7t₹3.4t₹154.9b25.9x56.1x2.5x
Wed, 13 Mar 2024₹8.7t₹3.4t₹153.3b25x57x2.5x
Fri, 09 Feb 2024₹8.9t₹3.4t₹142.2b30.2x62.3x2.6x
Sun, 07 Jan 2024₹9.2t₹3.5t₹146.5b30.3x62.8x2.7x
Tue, 05 Dec 2023₹8.6t₹3.5t₹146.4b28.3x58.5x2.5x
Thu, 02 Nov 2023₹8.1t₹3.5t₹140.0b26.7x58.1x2.4x
Sat, 30 Sep 2023₹8.1t₹3.4t₹150.0b27.9x53.9x2.4x
Mon, 28 Aug 2023₹8.0t₹3.4t₹149.9b24.5x53.1x2.3x
Wed, 26 Jul 2023₹8.1t₹3.4t₹150.5b24.9x53.8x2.4x
Fri, 23 Jun 2023₹7.9t₹3.4t₹155.7b24.7x50.8x2.3x
Sun, 21 May 2023₹7.4t₹3.4t₹170.6b23.2x43.1x2.2x
Tue, 18 Apr 2023₹7.0t₹3.3t₹158.8b21.5x44.3x2.1x
Thu, 16 Mar 2023₹6.7t₹3.3t₹156.7b20.3x43x2.1x
Sat, 11 Feb 2023₹7.1t₹3.3t₹155.2b24x45.8x2.2x
Mon, 09 Jan 2023₹7.5t₹3.2t₹144.3b25.1x51.7x2.3x
Price to Earnings Ratio

51.7x


Total Market Cap: ₹7.5tTotal Earnings: ₹144.3bTotal Revenue: ₹3.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Food Industry Price to Earnings3Y Average 49.4x202420252026
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 45.8x which is lower than its 3-year average PE of 49.4x.
  • 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 15% per year over the last three years.
  • Revenues for these companies have grown 9.9% 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 Market0.36%
Consumer Staples-1.12%
Food1.07%
Packaged Foods and Meats1.07%
Agricultural Products1.06%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 51.4x.
    • Analysts expect its future annual earnings growth (17.1%) 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 25.8x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 14% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 17% 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
531642 Marico₹757.602.0%
+₹19.0b		14.6%PE59x
500790 Nestlé India₹1.28k0.6%
+₹15.5b		14.6%PE83.6x
531335 Zydus Wellness₹472.0011.2%
+₹15.2b		19.1%PE59.3x
PATANJALI Patanjali Foods₹557.001.9%
+₹11.4b		-10.4%PE42.5x
512573 Avanti Feeds₹880.255.4%
+₹6.2b		29.6%PE19.4x

Latest News

531335
₹472.00
Zydus Wellness
7D
11.2%
1Y
19.1%
LTFOODS
₹390.45
LT Foods
7D
-2.6%
1Y
-9.4%

Should You Be Adding LT Foods (NSE:LTFOODS) To Your Watchlist Today?

Dec 31
Should You Be Adding LT Foods (NSE:LTFOODS) To Your Watchlist Today?
TATACONSUM
₹1,170.70
Tata Consumer Products
7D
-0.4%
1Y
24.6%

Some Shareholders Feeling Restless Over Tata Consumer Products Limited's (NSE:TATACONSUM) P/S Ratio

Dec 30
Some Shareholders Feeling Restless Over Tata Consumer Products Limited's (NSE:TATACONSUM) P/S Ratio
BIKAJI
₹735.60
Bikaji Foods International
7D
-1.8%
1Y
-1.7%
TRIVENI
₹381.20
Triveni Engineering & Industries
7D
-4.7%
1Y
-14.8%
519600
₹915.15
CCL Products (India)
7D
-2.8%
1Y
26.0%

519600: Revenue Outlook And Upcoming Board Review May Drive Bullish Repricing

Analysts have raised their price target on CCL Products (India) from ₹1,140 to ₹1,230, citing stronger expected revenue growth, partially offset by slightly lower margin and valuation assumptions. What's in the News Board meeting scheduled on November 5, 2025, at 15:30 IST to review unaudited standalone and consolidated financial results for Q2 and the half year ended September 30, 2025 (company filing) Management will also consider other corporate matters alongside the financial review at the November 5, 2025 board meeting (company filing) Valuation Changes Consensus Analyst Price Target has risen moderately from ₹1,140 to ₹1,230, reflecting improved growth expectations.
512573
₹880.25
Avanti Feeds
7D
5.4%
1Y
29.6%

512573: Medium Term Margins And Earnings Multiple Will Guide Balanced Outlook

Analysts have trimmed their price target on Avanti Feeds slightly to reflect a more conservative stance on the company’s medium term growth and margin resilience, even as core valuation drivers such as fair value at ₹823.50 and key model assumptions remain broadly unchanged. What's in the News Board meeting scheduled for November 5, 2025, to consider and approve standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2025 (company filing).
BRITANNIA
₹5,984.50
Britannia Industries
7D
-0.8%
1Y
23.8%

BRITANNIA: Leadership Transition And Steady Margins Will Shape Outlook

Analysts have marginally raised their price target on Britannia Industries, nudging fair value from ₹6,492 to approximately ₹6,504, as they fine tune assumptions around sustained revenue growth, stable profit margins and a slightly higher future P E multiple. What's in the News Varun Berry has resigned as managing director and chief executive officer, ending a 13 year tenure that included senior roles such as executive vice chairman and MD (Key Developments).
500790
₹1,279.60
Nestlé India
7D
0.6%
1Y
14.6%
531642
₹757.60
Marico
7D
2.0%
1Y
14.6%

531642: New Haircare Launch Will Support Stronger Future Profit Margins

Analysts have raised their price target on Marico slightly, from ₹819.92 to ₹820.84, citing marginally stronger profit margin expectations that more than offset a modest tempering of revenue growth assumptions, while keeping the discount rate and future valuation multiples broadly unchanged. What's in the News Marico launches Nihar Naturals Shanti Aloe Vera Amla Hair Oil, combining Amla for strength and Aloe Vera for softness and shine to extend its trusted Nihar Shanti Amla franchise in key northern and western Indian markets (Key Developments).
KRBL
₹396.40
KRBL
7D
-2.0%
1Y
29.9%

Is KRBL (NSE:KRBL) Using Too Much Debt?

Dec 09
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GAEL
₹137.71
Gujarat Ambuja Exports
7D
9.5%
1Y
8.4%

Gujarat Ambuja Exports (NSE:GAEL) Will Be Hoping To Turn Its Returns On Capital Around

Dec 05
Gujarat Ambuja Exports (NSE:GAEL) Will Be Hoping To Turn Its Returns On Capital Around
PATANJALI
₹557.00
Patanjali Foods
7D
1.9%
1Y
-10.4%

We Think Patanjali Foods (NSE:PATANJALI) Can Stay On Top Of Its Debt

Nov 29
We Think Patanjali Foods (NSE:PATANJALI) Can Stay On Top Of Its Debt
ORKLAINDIA
₹635.40
Orkla India
7D
5.2%
1Y
n/a
519156
₹4,868.75
Vadilal Industries
7D
-2.7%
1Y
22.4%
541974
₹1,390.40
Manorama Industries
7D
5.7%
1Y
30.4%