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Indian (NIFTY) Food Industry Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies266
  • 7D-1.3%
  • 3M-1.8%
  • 1Y9.8%
  • YTD-5.0%

Over the last 7 days, the Food industry has dropped 1.3%, driven by a pullback from Nestlé India of 2.9%. Over the past 12 months, the industry was up 9.8%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026₹9.6t₹4.4t₹230.1b18x41.5x2.2x
Fri, 06 Feb 2026₹9.7t₹4.3t₹223.0b19.2x43.6x2.2x
Sun, 04 Jan 2026₹9.9t₹4.3t₹217.8b18.8x45.7x2.3x
Tue, 02 Dec 2025₹9.9t₹4.2t₹217.1b20.3x45.4x2.3x
Thu, 30 Oct 2025₹10.0t₹4.1t₹209.2b20.9x47.8x2.5x
Sat, 27 Sep 2025₹9.5t₹4.0t₹209.1b21.3x45.6x2.4x
Mon, 25 Aug 2025₹9.5t₹4.0t₹209.0b20.5x45.4x2.4x
Wed, 23 Jul 2025₹9.8t₹3.9t₹209.3b21.9x46.9x2.5x
Fri, 20 Jun 2025₹9.4t₹3.9t₹211.1b21.1x44.5x2.4x
Sun, 18 May 2025₹9.6t₹3.9t₹205.2b21.4x47x2.5x
Tue, 15 Apr 2025₹9.3t₹3.8t₹203.5b19.6x45.9x2.5x
Thu, 13 Mar 2025₹8.5t₹3.8t₹203.1b18.9x41.8x2.3x
Sat, 08 Feb 2025₹9.0t₹3.7t₹207.6b22.8x43.3x2.4x
Mon, 06 Jan 2025₹9.2t₹3.6t₹209.7b25.5x44x2.5x
Wed, 04 Dec 2024₹9.4t₹3.6t₹209.6b25.4x44.6x2.6x
Fri, 01 Nov 2024₹9.6t₹3.6t₹208.9b26.6x45.9x2.6x
Sun, 29 Sep 2024₹10.6t₹3.6t₹202.0b31.2x52.3x3x
Tue, 27 Aug 2024₹10.3t₹3.6t₹199.1b31x51.7x2.9x
Thu, 25 Jul 2024₹9.9t₹3.5t₹191.1b27.6x51.6x2.8x
Sat, 22 Jun 2024₹9.2t₹3.5t₹188.0b27.2x49.1x2.6x
Mon, 20 May 2024₹8.9t₹3.5t₹178.1b27.9x50.1x2.6x
Wed, 17 Apr 2024₹8.6t₹3.4t₹154.9b25.8x55.7x2.5x
Fri, 15 Mar 2024₹8.8t₹3.4t₹154.6b24.3x56.8x2.5x
Sun, 11 Feb 2024₹8.8t₹3.4t₹142.6b29.7x62x2.6x
Tue, 09 Jan 2024₹9.1t₹3.5t₹146.5b30x62x2.6x
Thu, 07 Dec 2023₹8.7t₹3.5t₹146.4b28.8x59.7x2.5x
Sat, 04 Nov 2023₹8.2t₹3.4t₹139.6b26.8x59x2.4x
Mon, 02 Oct 2023₹8.1t₹3.4t₹150.0b27.9x53.9x2.4x
Wed, 30 Aug 2023₹7.9t₹3.4t₹149.9b26x53x2.3x
Fri, 28 Jul 2023₹8.0t₹3.4t₹151.2b25.2x53.1x2.3x
Sun, 25 Jun 2023₹7.8t₹3.4t₹155.7b25.3x50.2x2.3x
Tue, 23 May 2023₹7.4t₹3.4t₹170.6b23.2x43.2x2.2x
Thu, 20 Apr 2023₹7.1t₹3.3t₹158.9b21.7x44.4x2.1x
Sat, 18 Mar 2023₹6.8t₹3.3t₹156.6b20.5x43.7x2.1x
Price to Earnings Ratio

43.7x


Total Market Cap: ₹6.8tTotal Earnings: ₹156.6bTotal 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 41.5x which is lower than its 3-year average PE of 49.1x.
  • 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 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-2.09%
Consumer Staples-1.71%
Food-1.33%
Packaged Foods and Meats-1.32%
Agricultural Products-1.38%
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 are expecting annual earnings growth of 16.4%, which is lower than the prior year's growth of 19.0% per year.
  • 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 20% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • 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₹5.92k0.5%
+₹7.7b		23.6%PE59.1x
BALRAMCHIN Balrampur Chini Mills₹519.055.6%
+₹5.5b		6.6%PE23.4x
LTFOODS LT Foods₹382.754.1%
+₹5.3b		12.0%PE20.4x
519600 CCL Products (India)₹1.04k3.4%
+₹4.6b		84.3%PE37.1x
KSCL Kaveri Seed₹800.4512.0%
+₹4.4b		-24.8%PE13.7x

Latest News

BECTORFOOD
₹187.31
Mrs. Bectors Food Specialities
7D
-6.6%
1Y
-32.2%

BECTORFOOD: Upcoming Results And Interim Dividend Decision Will Support Future Upside

Analysts have adjusted their price target on Mrs. Bectors Food Specialities slightly lower from ₹273.25 to about ₹272.89.
BALRAMCHIN
₹506.45
Balrampur Chini Mills
7D
10.5%
1Y
12.4%

BALRAMCHIN: PLA Capacity Ramp-Up And Firm Margins Will Support Upside

Analysts have kept their price target for Balrampur Chini Mills unchanged at ₹624.29, reflecting consistent assumptions around revenue growth, profit margins and future P/E multiples in their models. What's in the News Balrampur Chini Mills' PLA vertical, Balrampur Bioyug, secured its first official institutional order from the Lucknow Cantonment Board for compostable garbage bags, PLA bottles, 3D printed pens and folders made from bio based PLA material (Key Developments).
BRITANNIA
₹5,968.00
Britannia Industries
7D
0.2%
1Y
25.3%

BRITANNIA: New Leadership And Stable Assumptions Will Support Bullish Outlook

Analysts have inched up their price target on Britannia Industries to ₹6,762 from ₹6,732, reflecting slightly adjusted assumptions on fair value, revenue growth, profit margin and future P/E that remain largely consistent with prior views. What's in the News A board meeting is scheduled for Feb 10, 2026, to review and approve unaudited consolidated and standalone financial results for the quarter and nine months ended Dec 31, 2025, along with limited review reports from Walker Chandiok & Co LLP, statutory auditors (company filing).
519600
₹1,044.05
CCL Products (India)
7D
2.6%
1Y
82.3%

519600: Overvaluation Concerns Will Focus On Interim Dividend Decision

Analysts have revised their price target for CCL Products (India) from ₹916.00 to ₹806.10. This reflects updated views on fair value based on slightly altered assumptions for revenue growth, profit margins and future P/E expectations.
512573
₹1,204.15
Avanti Feeds
7D
-6.6%
1Y
46.9%

512573: December Results And Higher Assumptions Will Drive Downside Repricing Risk

Analysts have raised their price target on Avanti Feeds from ₹823.50 to ₹1,096.00, citing updated assumptions for revenue growth, profit margin and a revised future P/E multiple. What's in the News A board meeting is scheduled for Feb 11, 2026, to consider and approve standalone unaudited financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
531531
₹926.00
Hatsun Agro Product
7D
1.6%
1Y
6.3%
TRIVENI
₹372.60
Triveni Engineering & Industries
7D
-5.8%
1Y
1.3%

TRIVENI: Spirits Launches And Core Operations Will Support A Steady Outlook

Analysts are keeping their price target for Triveni Engineering & Industries steady at ₹363, citing only very small tweaks to long term assumptions around revenue growth, profit margins and future P/E that do not materially alter their overall valuation view. What's in the News Board meeting scheduled on January 30, 2026 to consider and approve unaudited Q3 and nine month financial results for the period ended December 31, 2025, and to consider an interim dividend on the equity share capital for the 2025-26 financial year (Key Developments).
KSCL
₹811.25
Kaveri Seed
7D
8.4%
1Y
-22.3%

KSCL: Upcoming Results Review Will Likely Highlight Attractive Future Upside Potential

Narrative Update on Kaveri Seed The analyst price target for Kaveri Seed has been revised slightly lower from ₹1,144 to about ₹1,123, with analysts pointing to updated assumptions that combine a modestly lower future P/E multiple with revised views on discount rate, revenue growth and profit margins. What's in the News Kaveri Seed has scheduled a board meeting on Feb 09, 2026 to review the standalone and consolidated unaudited financial results for the quarter ended Dec 31, 2025 (Key Developments).
DODLA
₹1,023.50
Dodla Dairy
7D
-9.2%
1Y
1.8%

DODLA: Upcoming Board Review Of December Results Will Support Bullish Outlook

Analysts have kept their price target for Dodla Dairy unchanged at ₹1,493.75. This reflects steady assumptions on fair value, discount rate, revenue growth, profit margin and future P/E.
TATACONSUM
₹1,099.50
Tata Consumer Products
7D
-2.3%
1Y
14.5%

TATACONSUM: Stalled Nutrition Deal Will Shape Future Upside Potential

Analysts have adjusted their price target on Tata Consumer Products slightly lower to about ₹1,313 from roughly ₹1,314. This reflects updated assumptions around revenue growth and profit margins, while the discount rate and expected future P/E remain broadly in line with prior views.
531642
₹789.95
Marico
7D
1.3%
1Y
31.1%

531642: Fair Outlook Will Rely On Upcoming Results And Margin Stability

Analysts have nudged their price target on Marico slightly higher to about ₹851 from roughly ₹846, citing updated assumptions around fair value, revenue growth, profit margins and future P/E. What's in the News Marico has scheduled a board meeting for 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).
501425
₹1,561.25
Bombay Burmah Trading
7D
-5.0%
1Y
-7.7%
BAJAJHIND
₹16.65
Bajaj Hindusthan Sugar
7D
6.7%
1Y
-13.4%
ORKLAINDIA
₹551.75
Orkla India
7D
-5.0%
1Y
n/a
RENUKA
₹25.05
Shree Renuka Sugars
7D
6.7%
1Y
-10.5%
500790
₹1,241.60
Nestlé India
7D
-2.9%
1Y
10.3%