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Indian (NIFTY) Food Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies270
  • 7D5.9%
  • 3M4.7%
  • 1Y2.5%
  • YTD-0.2%

In the last week, the Food industry is up 5.9%, with Nestlé India up 11%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, 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, 22 Apr 2026₹10.1t₹4.4t₹231.2b19.3x43.6x2.3x
Fri, 20 Mar 2026₹9.2t₹4.4t₹230.2b17.6x39.9x2.1x
Sun, 15 Feb 2026₹9.8t₹4.4t₹230.4b18.6x42.5x2.2x
Tue, 13 Jan 2026₹9.9t₹4.3t₹217.7b18.1x45.3x2.3x
Thu, 11 Dec 2025₹9.7t₹4.2t₹217.4b19.4x44.4x2.3x
Sat, 08 Nov 2025₹10.0t₹4.2t₹214.7b20.2x46.5x2.4x
Mon, 06 Oct 2025₹9.7t₹4.0t₹209.7b20.8x46x2.4x
Wed, 03 Sep 2025₹9.7t₹4.0t₹209.2b22.1x46.5x2.4x
Fri, 01 Aug 2025₹9.5t₹3.9t₹208.5b21.9x45.5x2.4x
Sun, 29 Jun 2025₹9.8t₹3.9t₹211.3b21.5x46.2x2.5x
Tue, 27 May 2025₹9.7t₹3.9t₹205.4b20.9x47.1x2.5x
Thu, 24 Apr 2025₹9.7t₹3.8t₹203.5b21.3x47.7x2.6x
Sat, 22 Mar 2025₹8.8t₹3.8t₹203.1b19.8x43.5x2.4x
Mon, 17 Feb 2025₹8.7t₹3.7t₹202.3b19.7x43x2.3x
Wed, 15 Jan 2025₹8.9t₹3.6t₹209.5b23.2x42.5x2.5x
Fri, 13 Dec 2024₹9.3t₹3.6t₹209.5b25.1x44.2x2.6x
Sun, 10 Nov 2024₹9.6t₹3.6t₹209.1b26.8x46.1x2.7x
Tue, 08 Oct 2024₹10.0t₹3.6t₹201.7b28x49.7x2.8x
Thu, 05 Sep 2024₹10.3t₹3.6t₹199.1b31.2x52x2.9x
Sat, 03 Aug 2024₹9.9t₹3.5t₹194.6b30.8x51x2.8x
Mon, 01 Jul 2024₹9.3t₹3.5t₹188.0b27.7x49.7x2.7x
Wed, 29 May 2024₹8.9t₹3.5t₹178.7b26.6x49.8x2.5x
Fri, 26 Apr 2024₹8.8t₹3.5t₹154.8b26.9x57.1x2.6x
Sun, 24 Mar 2024₹8.6t₹3.4t₹154.7b24.3x55.7x2.5x
Tue, 20 Feb 2024₹9.0t₹3.4t₹152.9b28.6x58.6x2.6x
Thu, 18 Jan 2024₹9.0t₹3.5t₹146.5b29.6x61.3x2.6x
Sat, 16 Dec 2023₹8.6t₹3.5t₹146.4b30.1x58.8x2.5x
Mon, 13 Nov 2023₹8.3t₹3.5t₹145.5b28.1x57x2.4x
Wed, 11 Oct 2023₹8.1t₹3.4t₹149.9b27x54.3x2.4x
Fri, 08 Sep 2023₹8.1t₹3.4t₹149.8b26.8x54.1x2.4x
Sun, 06 Aug 2023₹8.1t₹3.4t₹153.4b25.9x52.6x2.3x
Tue, 04 Jul 2023₹7.9t₹3.4t₹155.6b25.7x50.6x2.3x
Thu, 01 Jun 2023₹7.5t₹3.4t₹154.5b22.1x48.8x2.2x
Sat, 29 Apr 2023₹7.4t₹3.3t₹163.1b21.5x45.1x2.2x
Price to Earnings Ratio

45.1x


Total Market Cap: ₹7.4tTotal Earnings: ₹163.1bTotal 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 43.6x 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 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 Market4.27%
Consumer Staples6.61%
Food5.95%
Packaged Foods and Meats6.10%
Agricultural Products2.02%
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 15.9%, which is lower than the prior year's growth of 19.2% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading close to its 3-year average of 25.9x.
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
500790 Nestlé India₹1.40k11.1%
+₹268.8b		14.7%PE76.9x
TATACONSUM Tata Consumer Products₹1.18k7.7%
+₹83.5b		2.5%PE79.4x
531642 Marico₹772.702.3%
+₹22.7b		8.0%PE58.5x
AWL AWL Agri Business₹199.609.3%
+₹21.9b		-29.7%PE27.5x
BRITANNIA Britannia Industries₹5.73k1.3%
+₹18.1b		3.3%PE57.1x

Latest News

500790
₹1,395.70
Nestlé India
7D
11.1%
1Y
14.7%
AWL
₹199.60
AWL Agri Business
7D
9.3%
1Y
-29.7%
BRITANNIA
₹5,729.50
Britannia Industries
7D
1.3%
1Y
3.3%

BRITANNIA: Upcoming CEO Appointment And Earnings Review Will Support Confident Outlook

Analysts have trimmed their price target for Britannia Industries by about ₹113 per share, reflecting slightly adjusted expectations for fair value, revenue growth, profit margins, and future P/E assumptions. What's in the News Board meeting scheduled on Feb 10, 2026, at 12:30 Indian Standard Time to consider and approve unaudited consolidated and standalone financial results for the quarter and nine months ended Dec 31, 2025, along with limited review reports from M/s.
531642
₹772.70
Marico
7D
2.3%
1Y
8.0%
523475
₹751.40
Lotus Chocolate
7D
-4.7%
1Y
-28.4%
519126
₹495.65
Hindustan Foods
7D
-4.0%
1Y
-12.4%

519126: Scheduled 2026 Results Review Will Support Steady Bullish Outlook

Analysts have kept the Hindustan Foods price target steady at ₹920, citing only small tweaks to revenue growth, profit margin and future P/E assumptions that do not materially change their overall view. What's in the News Board meeting scheduled on Feb 10, 2026, at 12:00 Indian Standard Time to review and approve the unaudited consolidated and standalone financial results for the quarter and nine months ended Dec 31, 2025, along with the auditor's limited review report (company announcement).
531335
₹503.15
Zydus Wellness
7D
-1.2%
1Y
42.2%

531335: Upcoming Board Review And Stable Assumptions Will Support Balanced Outlook

Analysts have adjusted their fair value estimate for Zydus Wellness to ₹525.71 from ₹515.95. This reflects unchanged growth and margin assumptions, along with a slightly higher future P/E of about 39.95x, which guides the updated price target.
TATACONSUM
₹1,178.60
Tata Consumer Products
7D
7.7%
1Y
2.5%

TATACONSUM: Stalled Nutrition Deal Will Shape Future Earnings Reappraisal

Analysts have trimmed their price target for Tata Consumer Products slightly from ₹1,315.93 to ₹1,306.82, citing marginal adjustments to long term growth, profit margin and future P/E assumptions, while keeping the discount rate unchanged. What's in the News Tata Consumer Products has scheduled a board meeting on January 27, 2026, at 11:00 Indian Standard Time to consider unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, along with limited review reports from the auditors (company filing).
BALRAMCHIN
₹541.55
Balrampur Chini Mills
7D
11.6%
1Y
-8.2%

BALRAMCHIN: Early Institutional PLA Adoption Will Support Planned Capacity Expansion

Analysts have maintained their fair value estimate for Balrampur Chini Mills at about ₹616 per share. This reflects largely unchanged assumptions on the discount rate, revenue growth, profit margin and future P/E as they reassess the balance between earnings potential and valuation.
KNAGRI
₹197.19
KN Agri Resources
7D
-11.1%
1Y
-6.8%
BSHSL
₹99.97
Bombay Super Hybrid Seeds
7D
-2.6%
1Y
-29.2%
ANNAPURNA
₹165.75
Annapurna Swadisht
7D
-9.2%
1Y
-43.1%
531531
₹1,013.90
Hatsun Agro Product
7D
8.1%
1Y
6.0%
KRBL
₹376.35
KRBL
7D
13.6%
1Y
19.0%
531449
₹163.50
GRM Overseas
7D
-1.4%
1Y
51.3%
500041
₹3,620.00
Bannari Amman Sugars
7D
-3.4%
1Y
-3.4%