Analysis Article • Aug 09
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Indian (NIFTY) Food Industry Analysis
UpdatedAug 20, 2026
DataAggregated Company Financials
Companies282
- 7D-0.3%
- 3M0.2%
- 1Y2.3%
- YTD0.8%
The Food is pretty flat in the last 7 days, but Manorama Industries has stood out, gaining 19%. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 16% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 20 Aug 2026 | ₹10.3t | ₹4.8t | ₹257.8b | 17.5x | 40x | 2.1x |
| Sat, 18 Jul 2026 | ₹10.0t | ₹4.6t | ₹242.3b | 18.6x | 41.3x | 2.2x |
| Mon, 15 Jun 2026 | ₹9.9t | ₹4.6t | ₹245.8b | 18.5x | 40.1x | 2.1x |
| Wed, 13 May 2026 | ₹10.3t | ₹4.5t | ₹238.9b | 19.4x | 43.1x | 2.3x |
| Fri, 10 Apr 2026 | ₹9.4t | ₹4.4t | ₹230.8b | 18.4x | 40.8x | 2.1x |
| Sun, 08 Mar 2026 | ₹9.6t | ₹4.4t | ₹230.1b | 18.2x | 41.7x | 2.2x |
| Tue, 03 Feb 2026 | ₹9.5t | ₹4.3t | ₹224.4b | 17.6x | 42.5x | 2.2x |
| Thu, 01 Jan 2026 | ₹10.0t | ₹4.3t | ₹217.8b | 19.1x | 45.7x | 2.3x |
| Sat, 29 Nov 2025 | ₹9.9t | ₹4.2t | ₹217.3b | 20.6x | 45.5x | 2.3x |
| Mon, 27 Oct 2025 | ₹9.9t | ₹4.1t | ₹208.6b | 20.6x | 47.6x | 2.4x |
| Wed, 24 Sep 2025 | ₹9.7t | ₹4.0t | ₹209.1b | 21.8x | 46.2x | 2.4x |
| Fri, 22 Aug 2025 | ₹9.6t | ₹4.0t | ₹209.0b | 21.1x | 45.8x | 2.4x |
| Sun, 20 Jul 2025 | ₹9.9t | ₹3.9t | ₹209.4b | 22.3x | 47.1x | 2.5x |
| Tue, 17 Jun 2025 | ₹9.6t | ₹3.9t | ₹211.1b | 22.2x | 45.3x | 2.4x |
| Thu, 15 May 2025 | ₹9.5t | ₹3.8t | ₹207.2b | 20.8x | 45.9x | 2.5x |
| Sat, 12 Apr 2025 | ₹9.3t | ₹3.8t | ₹203.5b | 19.9x | 45.9x | 2.5x |
| Mon, 10 Mar 2025 | ₹8.6t | ₹3.8t | ₹203.1b | 19.5x | 42.5x | 2.3x |
| Wed, 05 Feb 2025 | ₹9.2t | ₹3.7t | ₹209.2b | 22.3x | 43.9x | 2.5x |
| Fri, 03 Jan 2025 | ₹9.2t | ₹3.6t | ₹209.6b | 25x | 43.7x | 2.5x |
| Sun, 01 Dec 2024 | ₹9.3t | ₹3.6t | ₹209.6b | 25x | 44.2x | 2.6x |
| Tue, 29 Oct 2024 | ₹9.4t | ₹3.6t | ₹208.3b | 24.7x | 45.2x | 2.6x |
| Thu, 26 Sep 2024 | ₹10.5t | ₹3.6t | ₹202.0b | 30.3x | 51.9x | 2.9x |
| Sat, 24 Aug 2024 | ₹10.2t | ₹3.6t | ₹199.2b | 30.4x | 51.4x | 2.9x |
| Mon, 22 Jul 2024 | ₹9.8t | ₹3.5t | ₹190.3b | 27x | 51.3x | 2.8x |
| Wed, 19 Jun 2024 | ₹9.3t | ₹3.5t | ₹188.0b | 27.5x | 49.7x | 2.7x |
| Fri, 17 May 2024 | ₹8.9t | ₹3.5t | ₹178.1b | 26.9x | 49.7x | 2.5x |
| Sun, 14 Apr 2024 | ₹8.7t | ₹3.4t | ₹154.9b | 26.3x | 56.1x | 2.5x |
| Tue, 12 Mar 2024 | ₹8.9t | ₹3.4t | ₹153.3b | 25.7x | 58x | 2.6x |
| Thu, 08 Feb 2024 | ₹9.0t | ₹3.4t | ₹142.4b | 30.8x | 63.3x | 2.6x |
| Sat, 06 Jan 2024 | ₹6.9t | ₹3.5t | ₹146.5b | 30x | 47x | 2x |
| Mon, 04 Dec 2023 | ₹8.5t | ₹3.5t | ₹146.4b | 28x | 58.2x | 2.5x |
| Wed, 01 Nov 2023 | ₹8.2t | ₹3.5t | ₹153.5b | 26.8x | 53.4x | 2.4x |
| Fri, 29 Sep 2023 | ₹8.1t | ₹3.4t | ₹150.0b | 26.9x | 54x | 2.4x |
| Sun, 27 Aug 2023 | ₹8.0t | ₹3.4t | ₹149.9b | 24.5x | 53.1x | 2.3x |
Price to Earnings Ratio
53.1x
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 40.0x which is lower than its 3-year average PE of 48.2x.
- The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 20% per year over the last three years.
- Revenues for these companies have grown 12% 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 | -1.00% | |
| Consumer Staples | -1.28% | |
| Food | -0.28% | |
| Agricultural Products | 1.54% | |
| Packaged Foods and Meats | -0.34% | |
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 50.0x.
- Analysts expect its future annual earnings growth (15.7%) 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 25.8x.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings growth rate of 6.0% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BALRAMCHIN Balrampur Chini Mills | ₹767.10 | 23.8% +₹31.2b | 31.2% | PE43.7x | |
| 541974 Manorama Industries | ₹1.96k | 21.2% +₹21.6b | 39.8% | PE48.1x | |
| KWIL Kwality Walls (India) | ₹43.47 | 17.7% +₹15.3b | n/a | PS5.3x | |
| BAJAJHIND Bajaj Hindusthan Sugar | ₹23.33 | 32.0% +₹13.4b | 9.0% | PE47.8x | |
| TRIVENI Triveni Engineering & Industries | ₹300.05 | 20.1% +₹11.1b | -12.2% | PE23.7x |
