Nifty India Consumption PE Ratio
Valuation Percentile
Nifty India Consumption's PB is cheaper than 100% of the last 5 years.
The Nifty India Consumption PE ratio is 36.41 as of 1 October 2026, about 11% below its 5-year median of 40.82, which places it in moderately undervalued territory on a historical basis.
PE Ratio vs Historical Medians
| Period | Median PE | Current vs Median |
|---|---|---|
| Full history | 39.10 | -6.88% |
| 15 Years | 39.27 | -7.28% |
| 10 Years | 44.15 | -17.53% |
| 7 Years | 42.63 | -14.59% |
| 5 Years | 40.82 | -10.80% |
| 3 Years | 41.63 | -12.54% |
| 1 Year | 38.95 | -6.52% |
Historical PE Ratio
Data gap. P/E is unavailable from 14 Sept 2020 to 28 Oct 2020 because the index’s aggregate earnings were negative, so no ratio could be published. The line bridges those dates, and medians and forward returns skip them.
Series start. P/E is published from 12 Jul 2011. Index values go back to 2 Jan 2006.
Earnings
Index earnings are the profits behind the index level: the closing value divided by the P/E ratio, in index points. The line moves in steps because it changes only when trailing four-quarter profits are updated or the constituents change. Compare it with price to see whether a move came from earnings or from a change in what investors pay for them.
Nifty India Consumption earnings grew +20.99% a year over the last 5 years, while the index moved +8.68% a year and its P/E went from 62.3 to 36.4.
Earnings growth is annualised from the last trading day at or before the start of each window to 1 Oct 2026. Price growth uses the index level over the same two dates, excluding dividends. EPS is undefined on days with no published P/E, so those days are skipped. Past growth, not a forecast.
Ways to invest in Nifty India Consumption
5 ETFs and 2 index funds track this index. Prices and NAVs as of 1 Oct 2026.
ETFs (5)
| ETF | Symbol | Price | NAV | Premium | 1Y |
|---|---|---|---|---|---|
| Nippon India ETF Nifty India Consumption | CONSUMBEES | 123.22 | - | - | -10.00% |
| ICICI Prudential Nifty India Consumption ETF | CONSUMIETF | 117.79 | - | - | -10.02% |
| Kotak Nifty India Consumption ETF | CONS | 11.5 | - | - | - |
| Axis NIFTY India Consumption ETF | CONSUMAXIS | 112 | - | - | - |
| SBI Nifty Consumption ETF | SBIETFCON | 117 | - | - | -10.36% |
Index funds (2)
| Fund | AMC | NAV | Since |
|---|---|---|---|
| SBI Nifty India Consumption Index Fund | SBI Funds Management Limited | 9.491 Oct 2026 | 2024 |
| HDFC Nifty India Consumption Index Fund | HDFC Asset Management Company Limited | 9.151 Oct 2026 | 2026 |
Listed for information only, not a recommendation. Check expense ratio and tracking difference before investing.
Performance and risk
1-year holding windows since 2011 returned a median of +14.65% (best +65.39%, worst -23.22%).
Today's PE of 36.41 sits in band 2 of 5 of this index's history (PE 28.0 to 36.6). From this band, 5-year forward returns had a median of +11.47% a year and were positive in 100% of windows (694 windows since 2011).
View full performance and risk
Returns as of September 2026, from the NSE factsheet for the Nifty India Consumption. 1-year returns are absolute; 5-year returns are annualized.
Stocks in the Nifty India Consumption
The Nifty India Consumption contains 30 constituents. Its largest sectors by weight are Automobile and Auto Components (24.9%) and Fast Moving Consumer Goods (23.8%).
Recent changes
4 October 2026: Added Fortis Healthcare Ltd., Torrent Pharmaceuticals Ltd.. Removed Adani Power Ltd., Havells India Ltd..
Constituent list as of 4 October 2026, sourced from NSE Indices. Weights as of 30 September 2026, from the NSE factsheet.
How this index works
- Selection
- The index is designed to reflect the behavior and performance of a diversified portfolio of companies representing the domestic consumption sector which includes sectors like Consumer Non-durables, Healthcare, Auto, Telecom Services, Pharmaceuticals, Hotels, Media & Entertainment, etc.
- Weight cap
- At the time of rebalancing of shares/ change in index constituents/ change in investable weight factors (IWFs), the weightage of the index constituent (where applicable) is capped at 10%.
Summarised from NSE's official methodology document (PDF) for the Nifty India Consumption; the PDF is authoritative.
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Frequently Asked Questions
What is the current Nifty India Consumption PE ratio?
As of 1 October 2026, the Nifty India Consumption PE ratio is 36.41. That is about 11% below its 5-year median of 40.82 and about 7% below its 1-year median of 38.95.
Is the Nifty India Consumption undervalued right now?
On a historical basis it screens as moderately undervalued. Its current PE of 36.41 sits below every median window: 1-year (38.95), 3-year (41.63), 5-year (40.82), 7-year (42.63), 10-year (44.15), 15-year (39.27) and full-history (39.10).
What is a normal PE ratio for the Nifty India Consumption?
Over the past five years its median PE has been 40.82, and over the past three years 41.63. Today's 36.41 is toward the lower end of that historical range.
How many stocks are in the Nifty India Consumption?
The Nifty India Consumption contains 30 stocks. By number of companies, its largest sectors are Fast Moving Consumer Goods (8 stocks), Automobile and Auto Components (6 stocks) and Consumer Services (5 stocks).
What returns has the Nifty India Consumption delivered?
As of September 2026, the Nifty India Consumption total return (with dividends reinvested) is -7.49% over the past year and +10.10% annualized over the past five years. One-year figures are absolute; multi-year figures are annualized (CAGR). Data from the NSE factsheet.
How volatile is the Nifty India Consumption?
Over the year to September 2026, the Nifty India Consumption had an annualized volatility (standard deviation of daily returns) of 14.63%. Its beta versus the Nifty 50 is 0.99, meaning it has moved roughly in line with the broad market.
What is a typical one-year return for the Nifty India Consumption?
Across every one-year holding window since 2011, the Nifty India Consumption total return has a median of +14.65%, with the best window at +65.39% and the worst at -23.22%. Based on NSE Total Returns Index data; a past distribution, not a prediction.
What have 5-year returns been from PE levels like today's?
The Nifty India Consumption currently trades at a PE of 36.41, in band 2 of 5 of its own PE history. Across 694 overlapping 5-year windows since 2011 that began in this band, the median forward return was +11.47% a year, positive in 100% of windows. A past distribution, not a prediction.
How fast have Nifty India Consumption earnings grown?
Nifty India Consumption earnings, measured as the index level divided by its P/E, grew +20.99% a year over the last 5 years, while the index itself moved +8.68% a year and its P/E fell from 62.27 to 36.41. Past growth, not a forecast.
Last updated: 1 October 2026.