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Indian (NIFTY) Food Industry Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies266
  • 7D-3.4%
  • 3M-2.9%
  • 1Y10.3%
  • YTD-4.3%

Over the last 7 days, the Food industry has dropped 4.6%, driven by Nestlé India declining 5.1%. On the other hand LT Foods is actually up 5.5%. This takes the industry's 12 month performance to a gain of 10%. 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
Fri, 06 Mar 2026₹9.6t₹4.4t₹230.1b18.4x41.8x2.2x
Sun, 01 Feb 2026₹9.6t₹4.3t₹224.3b17.5x43x2.2x
Tue, 30 Dec 2025₹9.9t₹4.3t₹217.8b18.9x45.5x2.3x
Thu, 27 Nov 2025₹10.0t₹4.2t₹217.2b20.6x46x2.4x
Sat, 25 Oct 2025₹9.9t₹4.1t₹208.6b20.6x47.7x2.4x
Mon, 22 Sep 2025₹9.8t₹4.0t₹209.1b22.6x47.1x2.4x
Wed, 20 Aug 2025₹9.5t₹4.0t₹208.9b20.7x45.3x2.3x
Fri, 18 Jul 2025₹9.9t₹3.9t₹209.6b22.3x47.2x2.5x
Sun, 15 Jun 2025₹9.6t₹3.9t₹210.9b22x45.3x2.5x
Tue, 13 May 2025₹9.6t₹3.8t₹205.5b20.6x46.5x2.5x
Thu, 10 Apr 2025₹9.2t₹3.8t₹203.3b19.3x45.1x2.4x
Sat, 08 Mar 2025₹8.6t₹3.8t₹203.1b19.5x42.5x2.3x
Mon, 03 Feb 2025₹9.3t₹3.7t₹209.6b22.7x44.3x2.5x
Wed, 01 Jan 2025₹9.0t₹3.6t₹209.6b24.3x43.1x2.5x
Fri, 29 Nov 2024₹9.2t₹3.6t₹209.6b24.3x44x2.5x
Sun, 27 Oct 2024₹9.3t₹3.6t₹208.3b25x44.8x2.6x
Tue, 24 Sep 2024₹10.6t₹3.6t₹202.0b30.1x52.3x3x
Thu, 22 Aug 2024₹10.2t₹3.6t₹199.2b31.1x51.4x2.9x
Sat, 20 Jul 2024₹9.8t₹3.5t₹188.7b27x52x2.8x
Mon, 17 Jun 2024₹9.3t₹3.5t₹188.0b27.5x49.5x2.7x
Wed, 15 May 2024₹8.8t₹3.5t₹178.4b27.5x49.5x2.5x
Fri, 12 Apr 2024₹8.7t₹3.4t₹154.9b25.6x56.3x2.5x
Sun, 10 Mar 2024₹9.0t₹3.4t₹153.3b26.9x58.4x2.6x
Tue, 06 Feb 2024₹8.9t₹3.4t₹146.1b30.1x60.7x2.6x
Thu, 04 Jan 2024₹9.1t₹3.5t₹146.5b29.7x62.4x2.6x
Sat, 02 Dec 2023₹8.5t₹3.5t₹146.4b28x58.2x2.5x
Mon, 30 Oct 2023₹8.2t₹3.4t₹152.1b26.7x53.8x2.4x
Wed, 27 Sep 2023₹8.2t₹3.4t₹150.0b27.2x54.8x2.4x
Fri, 25 Aug 2023₹8.0t₹3.4t₹149.9b25.1x53.3x2.3x
Sun, 23 Jul 2023₹8.1t₹3.4t₹150.4b25.2x54x2.4x
Tue, 20 Jun 2023₹7.9t₹3.4t₹155.7b24.6x50.7x2.3x
Thu, 18 May 2023₹7.4t₹3.3t₹169.1b22.7x43.6x2.2x
Sat, 15 Apr 2023₹6.9t₹3.3t₹158.8b21.6x43.7x2.1x
Mon, 13 Mar 2023₹6.9t₹3.3t₹156.7b22.2x44.2x2.1x
Price to Earnings Ratio

44.2x


Total Market Cap: ₹6.9tTotal Earnings: ₹156.7bTotal 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 41.4x 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-3.41%
Consumer Staples-3.70%
Food-3.36%
Agricultural Products-3.29%
Packaged Foods and Meats-3.36%
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 25.7x.
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
LTFOODS LT Foods₹430.155.5%
+₹7.7b		23.0%PE23x
BALRAMCHIN Balrampur Chini Mills₹490.656.4%
+₹5.9b		6.9%PE22.1x
531531 Hatsun Agro Product₹908.101.9%
+₹3.8b		1.1%PE57x
KWIL Kwality Walls (India)₹26.953.9%
+₹2.4b		n/aPB1279.9x
BAJAJHIND Bajaj Hindusthan Sugar₹16.808.1%
+₹1.6b		-18.2%PS0.4x

Latest News

LTFOODS
₹430.15
LT Foods
7D
5.5%
1Y
23.0%
512573
₹1,211.30
Avanti Feeds
7D
-9.3%
1Y
52.9%

Rising Feed Costs And Export Reliance Will Weaken Long Term Earnings Quality

Catalysts About Avanti Feeds Avanti Feeds manufactures shrimp feed, processes and exports frozen shrimp, and is building a presence in pet food. What are the underlying business or industry changes driving this perspective?
531531
₹908.10
Hatsun Agro Product
7D
1.9%
1Y
1.1%
KWIL
₹26.95
Kwality Walls (India)
7D
3.9%
1Y
n/a
AVADHSUGAR
₹408.20
Avadh Sugar & Energy
7D
22.5%
1Y
4.4%
PATANJALI
₹499.80
Patanjali Foods
7D
-3.3%
1Y
-15.3%

PATANJALI: Upcoming Board Results Will Reinforce Constructive Long Term Outlook

The analyst price target for Patanjali Foods has moved slightly higher from ₹657.50 to ₹663.75, with analysts citing updated assumptions around revenue growth, profit margins and the future P/E multiple. What's in the News Patanjali Foods has scheduled a board meeting on Feb 11, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
TATACONSUM
₹1,119.10
Tata Consumer Products
7D
-3.5%
1Y
16.8%

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
₹779.65
Marico
7D
-3.2%
1Y
28.3%

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).
AWL
₹178.84
AWL Agri Business
7D
-5.6%
1Y
-30.9%

AWL: Upcoming Leadership Decisions Will Support Future Upside Potential

Analysts now see fair value for AWL Agri Business at ₹360, down from ₹386. This reflects updated assumptions around slightly softer revenue growth, a modestly higher profit margin profile and a lower forward P/E multiple.
BALRAMCHIN
₹490.65
Balrampur Chini Mills
7D
6.4%
1Y
6.9%

BALRAMCHIN: Firmer Margins And Upcoming Results Will Support Share Upside

Analysts have inched up their price target on Balrampur Chini Mills by ₹2 to ₹624, reflecting updated assumptions that combine slightly softer revenue growth expectations with a modestly higher profit margin outlook and a lower future P/E multiple. What's in the News A board meeting is scheduled for February 10, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
BRITANNIA
₹5,963.00
Britannia Industries
7D
-2.8%
1Y
26.8%

BRITANNIA: Leadership Shift And Refined Assumptions Will Shape Balanced Outlook

Analysts have lifted their fair value estimate for Britannia Industries from ₹6,586 to ₹6,732, reflecting adjusted assumptions for slightly higher revenue growth, a marginally different profit margin outlook, and a small change in the future P/E multiple. What's in the News A board meeting is scheduled for Feb 10, 2026, to review and approve the unaudited consolidated and standalone financial results for the quarter and nine months ended Dec 31, 2025, along with the limited review reports from Walker Chandiok & Co LLP, the statutory auditors (company filing).
501425
₹1,625.30
Bombay Burmah Trading
7D
-5.9%
1Y
-8.0%
BAJAJHIND
₹16.80
Bajaj Hindusthan Sugar
7D
8.1%
1Y
-18.2%
519156
₹5,121.20
Vadilal Industries
7D
4.2%
1Y
15.2%
500097
₹314.80
Dalmia Bharat Sugar and Industries
7D
5.3%
1Y
-3.7%
500790
₹1,251.20
Nestlé India
7D
-5.1%
1Y
13.7%