Narrative Update • Jul 30
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Indian (NIFTY) Food Industry Analysis
UpdatedAug 01, 2026
DataAggregated Company Financials
Companies278
- 7D1.7%
- 3M-1.3%
- 1Y3.9%
- YTD0.3%
In the last week, the Food industry is up 1.7%, with Nestlé India up 4.6%. Meanwhile, Avanti Feeds actually underperformed within the industry, shrinking 8.0% in the last week. In the last 12 months, the industry was up 3.9%. As for the next few years, earnings are expected to grow by 15% per annum.
Industry Valuation and Performance
Has the Indian Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 01 Aug 2026 | ₹10.1t | ₹4.7t | ₹248.5b | 17.7x | 40.8x | 2.2x |
| Mon, 29 Jun 2026 | ₹10.0t | ₹4.6t | ₹242.3b | 18.1x | 41.1x | 2.2x |
| Wed, 27 May 2026 | ₹10.2t | ₹4.6t | ₹242.2b | 19.7x | 42x | 2.2x |
| Fri, 24 Apr 2026 | ₹10.2t | ₹4.4t | ₹233.5b | 19.4x | 43.7x | 2.3x |
| Sun, 22 Mar 2026 | ₹9.2t | ₹4.4t | ₹230.2b | 17.5x | 40.1x | 2.1x |
| Tue, 17 Feb 2026 | ₹9.9t | ₹4.4t | ₹230.7b | 18.8x | 43x | 2.3x |
| Thu, 15 Jan 2026 | ₹9.8t | ₹4.3t | ₹217.7b | 17.8x | 45x | 2.3x |
| Sat, 13 Dec 2025 | ₹9.8t | ₹4.2t | ₹217.4b | 19.6x | 45x | 2.3x |
| Mon, 10 Nov 2025 | ₹10.0t | ₹4.2t | ₹214.8b | 20.2x | 46.5x | 2.4x |
| Wed, 08 Oct 2025 | ₹9.6t | ₹4.0t | ₹209.8b | 21.2x | 45.9x | 2.4x |
| Fri, 05 Sep 2025 | ₹9.8t | ₹4.0t | ₹209.2b | 22x | 46.9x | 2.4x |
| Sun, 03 Aug 2025 | ₹9.5t | ₹4.0t | ₹208.6b | 21.3x | 45.5x | 2.4x |
| Tue, 01 Jul 2025 | ₹9.8t | ₹3.9t | ₹211.4b | 21.3x | 46.2x | 2.5x |
| Thu, 29 May 2025 | ₹9.6t | ₹3.9t | ₹205.9b | 20x | 46.8x | 2.5x |
| Sat, 26 Apr 2025 | ₹9.6t | ₹3.8t | ₹204.1b | 20.7x | 47x | 2.5x |
| Mon, 24 Mar 2025 | ₹8.8t | ₹3.8t | ₹203.1b | 19.8x | 43.5x | 2.4x |
| Wed, 19 Feb 2025 | ₹8.7t | ₹3.7t | ₹202.3b | 20.4x | 42.9x | 2.3x |
| Fri, 17 Jan 2025 | ₹8.9t | ₹3.6t | ₹209.5b | 23.4x | 42.5x | 2.5x |
| Sun, 15 Dec 2024 | ₹9.3t | ₹3.6t | ₹209.6b | 24.8x | 44.3x | 2.6x |
| Tue, 12 Nov 2024 | ₹9.5t | ₹3.6t | ₹209.1b | 26.7x | 45.3x | 2.6x |
| Thu, 10 Oct 2024 | ₹10.2t | ₹3.6t | ₹201.6b | 29.7x | 50.4x | 2.9x |
| Sat, 07 Sep 2024 | ₹10.2t | ₹3.6t | ₹199.2b | 31.3x | 51.4x | 2.9x |
| Mon, 05 Aug 2024 | ₹9.9t | ₹3.5t | ₹195.1b | 31.1x | 50.9x | 2.8x |
| Wed, 03 Jul 2024 | ₹9.4t | ₹3.5t | ₹188.0b | 27.3x | 50.1x | 2.7x |
| Fri, 31 May 2024 | ₹8.7t | ₹3.5t | ₹178.5b | 26.7x | 48.9x | 2.5x |
| Sun, 28 Apr 2024 | ₹8.8t | ₹3.5t | ₹156.9b | 27.8x | 56.1x | 2.5x |
| Tue, 26 Mar 2024 | ₹8.6t | ₹3.4t | ₹154.7b | 24.3x | 55.7x | 2.5x |
| Thu, 22 Feb 2024 | ₹9.0t | ₹3.4t | ₹152.9b | 29.2x | 58.8x | 2.6x |
| Sat, 20 Jan 2024 | ₹9.0t | ₹3.5t | ₹146.3b | 29.9x | 61.6x | 2.6x |
| Mon, 18 Dec 2023 | ₹8.6t | ₹3.5t | ₹146.4b | 30.1x | 58.8x | 2.5x |
| Wed, 15 Nov 2023 | ₹8.3t | ₹3.5t | ₹147.5b | 28.1x | 56.3x | 2.4x |
| Fri, 13 Oct 2023 | ₹8.2t | ₹3.4t | ₹149.9b | 28x | 54.8x | 2.4x |
| Sun, 10 Sep 2023 | ₹8.1t | ₹3.4t | ₹149.8b | 26.9x | 54.2x | 2.4x |
| Tue, 08 Aug 2023 | ₹8.0t | ₹3.4t | ₹153.5b | 25.4x | 52.4x | 2.3x |
Price to Earnings Ratio
52.4x
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 40.8x which is lower than its 3-year average PE of 48.4x.
- 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 17% per year over the last three years.
- Revenues for these companies have grown 11% 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 | 2.00% | |
| Consumer Staples | 0.0077% | |
| Food | 1.66% | |
| Packaged Foods and Meats | 1.67% | |
| Agricultural Products | 1.34% | |
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 50.2x.
- Analysts expect its future annual earnings growth (14.9%) 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 500790 Nestlé India | ₹1.51k | 4.6% +₹127.4b | 32.7% | PE76.4x | |
| 531642 Marico | ₹870.45 | 1.7% +₹19.0b | 22.5% | PE64.1x | |
| PATANJALI Patanjali Foods | ₹354.60 | 4.0% +₹14.9b | -42.8% | PE21.3x | |
| LTFOODS LT Foods | ₹410.35 | 9.3% +₹12.1b | -14.0% | PE22.3x | |
| GAEL Gujarat Ambuja Exports | ₹172.11 | 13.5% +₹9.4b | 56.1% | PE25.9x |
