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Indian (NIFTY) Food Industry Analysis

UpdatedAug 09, 2026
DataAggregated Company Financials
Companies278
  • 7D1.4%
  • 3M-1.9%
  • 1Y8.7%
  • YTD1.6%

In the last week, the Food industry is up 1.4%, with Nestlé India up 2.0%. In the same time, Zydus Wellness was down 7.5%. In the last 12 months, the industry was up 8.7%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Aug 2026₹10.3t₹4.7t₹251.9b17.7x40.8x2.2x
Tue, 07 Jul 2026₹10.2t₹4.6t₹242.5b18.7x42.2x2.2x
Thu, 04 Jun 2026₹9.9t₹4.6t₹246.1b18.4x40.2x2.1x
Sat, 02 May 2026₹10.3t₹4.5t₹234.7b19.3x43.7x2.3x
Mon, 30 Mar 2026₹9.2t₹4.4t₹230.2b17.2x39.9x2.1x
Wed, 25 Feb 2026₹10.0t₹4.4t₹230.2b18.6x43.5x2.3x
Fri, 23 Jan 2026₹9.7t₹4.3t₹218.2b17.2x44.3x2.3x
Sun, 21 Dec 2025₹9.9t₹4.3t₹217.7b18.9x45.4x2.3x
Tue, 18 Nov 2025₹10.0t₹4.2t₹215.8b20.2x46.6x2.4x
Thu, 16 Oct 2025₹9.7t₹4.0t₹209.8b20.2x46.3x2.4x
Sat, 13 Sep 2025₹9.9t₹4.0t₹209.2b22.2x47.2x2.4x
Mon, 11 Aug 2025₹9.2t₹4.0t₹209.2b22.5x44x2.3x
Wed, 09 Jul 2025₹9.7t₹3.9t₹210.4b22.1x46.1x2.5x
Fri, 06 Jun 2025₹9.7t₹3.9t₹211.0b21.2x45.8x2.5x
Sun, 04 May 2025₹9.3t₹3.8t₹204.9b20x45.6x2.4x
Tue, 01 Apr 2025₹8.8t₹3.8t₹203.1b18.3x43.5x2.4x
Thu, 27 Feb 2025₹8.7t₹3.7t₹203.0b20.4x43.1x2.3x
Sat, 25 Jan 2025₹9.0t₹3.6t₹209.7b22.3x42.7x2.5x
Mon, 23 Dec 2024₹8.9t₹3.6t₹209.6b25.2x42.6x2.5x
Wed, 20 Nov 2024₹9.0t₹3.6t₹209.4b24.4x43.1x2.5x
Fri, 18 Oct 2024₹9.9t₹3.6t₹202.0b28.3x49.2x2.8x
Sun, 15 Sep 2024₹10.4t₹3.6t₹202.0b29.7x51.4x2.9x
Tue, 13 Aug 2024₹9.9t₹3.5t₹199.9b28.7x49.4x2.8x
Thu, 11 Jul 2024₹9.7t₹3.5t₹187.8b29.7x51.8x2.8x
Sat, 08 Jun 2024₹9.2t₹3.5t₹186.6b26x49.4x2.6x
Mon, 06 May 2024₹8.7t₹3.5t₹157.1b27.3x55.5x2.5x
Wed, 03 Apr 2024₹8.8t₹3.4t₹155.0b24.9x56.6x2.5x
Fri, 01 Mar 2024₹9.0t₹3.4t₹152.9b27.4x58.8x2.6x
Sun, 28 Jan 2024₹9.0t₹3.5t₹147.0b29.2x60.9x2.6x
Tue, 26 Dec 2023₹8.8t₹3.5t₹146.4b29.7x60.1x2.5x
Thu, 23 Nov 2023₹8.4t₹3.5t₹146.3b28.1x57.2x2.4x
Sat, 21 Oct 2023₹8.3t₹3.4t₹149.5b27.7x55.6x2.4x
Mon, 18 Sep 2023₹8.2t₹3.4t₹149.9b27.4x54.6x2.4x
Wed, 16 Aug 2023₹7.9t₹3.4t₹152.7b25.8x51.8x2.3x
Price to Earnings Ratio

51.8x


Total Market Cap: ₹7.9tTotal Earnings: ₹152.7bTotal Revenue: ₹3.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Food Industry Price to Earnings3Y Average 48.3x202420252026
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 48.3x.
  • The 3-year average PS ratio of 2.4x 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 18% 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 Market1.27%
Consumer Staples0.78%
Food1.37%
Packaged Foods and Meats1.47%
Agricultural Products-1.62%
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 50.1x.
    • Analysts expect its future annual earnings growth (15.0%) 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 18% 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 15% 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₹1.54k2.0%
+₹58.3b		40.3%PE77.9x
BRITANNIA Britannia Industries₹5.51k1.7%
+₹22.5b		2.3%PE51x
531531 Hatsun Agro Product₹940.706.1%
+₹12.1b		5.4%PE59.1x
AWL AWL Agri Business₹197.504.3%
+₹10.4b		-22.3%PE22.1x
BALRAMCHIN Balrampur Chini Mills₹633.458.1%
+₹10.0b		16.2%PE35.4x

Latest News

BRITANNIA
₹5,510.00
Britannia Industries
7D
1.7%
1Y
2.3%
Analysis Article • 17h

The Britannia Industries Limited (NSE:BRITANNIA) First-Quarter Results Are Out And Analysts Have Published New Forecasts

As you might know, Britannia Industries Limited ( NSE:BRITANNIA ) recently reported its quarterly numbers. Britannia...
GODREJAGRO
₹542.85
Godrej Agrovet
7D
-2.5%
1Y
-33.5%
New Narrative • Aug 07

Oil Palm And Crop Care Headwinds Will Test Margins Yet Long-Term Recovery Will Persist

Catalysts About Godrej Agrovet Godrej Agrovet operates a diversified agribusiness portfolio that includes animal nutrition, oil palm, crop protection, dairy and branded foods, along with Astec Life Sciences and an animal feed joint venture in Bangladesh. What are the underlying business or industry changes driving this perspective?
519477
₹1,359.50
CIAN Agro Industries & Infrastructure
7D
-5.1%
1Y
240.3%
531335
₹533.55
Zydus Wellness
7D
-7.5%
1Y
37.5%
Narrative Update • Aug 07

531335: Upcoming Board Meeting Will Support Confidence In Undervalued Shares

Analysts have lifted their price target for Zydus Wellness from ₹564 to ₹601, citing updated assumptions around slightly lower revenue growth expectations, a modestly higher profit margin and a small change in the projected future P/E multiple. What’s in the News for Zydus Wellness Zydus Wellness has scheduled a Board meeting on Aug 04, 2026, at 11:30 Indian Standard Time.
KRBL
₹378.65
KRBL
7D
7.8%
1Y
-11.5%
526125
₹269.50
BN Agrochem
7D
-6.1%
1Y
-14.9%
531642
₹864.70
Marico
7D
-0.7%
1Y
22.9%
Narrative Update • Aug 05

531642: New Haircare Launch And Governance Changes Will Support Measured Return Outlook

Analysts have nudged their price target on Marico higher to ₹937.95 from ₹916.78, reflecting updated views that combine a slightly different revenue growth outlook, a modestly stronger profit margin profile and a revised future P/E assumption. What’s in the News for Marico Marico has scheduled a board meeting on Aug 04, 2026 to consider and approve its unaudited standalone and consolidated financial results for the quarter ended Jun 30, 2026, along with other business matters.
BALRAMCHIN
₹633.45
Balrampur Chini Mills
7D
8.1%
1Y
16.2%
MVKAGRO
₹242.10
M.V.K. Agro Food Product
7D
-26.7%
1Y
-8.8%
AWL
₹197.50
AWL Agri Business
7D
4.3%
1Y
-22.3%
Analysis Article • Aug 02

Analyst Estimates: Here's What Brokers Think Of AWL Agri Business Limited (NSE:AWL) After Its First-Quarter Report

AWL Agri Business Limited ( NSE:AWL ) came out with its first-quarter results last week, and we wanted to see how the...
LTFOODS
₹427.55
LT Foods
7D
4.2%
1Y
-6.0%
519600
₹1,130.00
CCL Products (India)
7D
-2.3%
1Y
31.5%
Narrative Update • Jul 30

519600: Fair Value View Will Hinge On Upcoming Dividend Board Decisions

Analysts have lifted the price target for CCL Products (India) from ₹968.84 to ₹1,142.00, reflecting updated views on its fair value, profit margin assumptions and future P/E multiple, while keeping the discount rate and revenue growth expectations broadly similar. What’s in the News for CCL Products (India) CCL Products (India) has scheduled a board meeting on Jul 27, 2026 to consider unaudited standalone financial results for the quarter ended Jun 30, 2026.
500790
₹1,540.00
Nestlé India
7D
2.0%
1Y
40.3%
BIKAJI
₹623.50
Bikaji Foods International
7D
-2.8%
1Y
-13.7%
531531
₹940.70
Hatsun Agro Product
7D
6.1%
1Y
5.4%
KWIL
₹34.86
Kwality Walls (India)
7D
12.8%
1Y
n/a