Sector analysis · India
Consumer Durables sector earnings growth, Q2 FY26
The 20 largest Consumer Durables companies by market cap at the end of Q2 FY26 (30 Sep 2025), compared with Q2 FY25.
The top 20 at Q2 FY26
Q2 FY26 vs Q2 FY25: combined net profit ₹6,037 cr (+72%), median EPS +3% (11 of 20 up), market-cap-weighted price −20%. 20 of 20 reported.
| # | Company | Weight | EPS ₹, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | Titan Company Limited | 26.3% | 7.93 → 12.62 | +59% | +11.8 pp | −12% |
| 2 | Asian Paints Limited | 19.9% | 7.24 → 10.36 | +43% | +8.5 pp | −29% |
| 3 | Dixon Technologies (India) Limited | 8.7% | 65.15 → 110.72 | +70% | +8.0 pp | +18% |
| 4 | Havells India Limited | 8.3% | 4.28 → 5.09 | +19% | +1.4 pp | −25% |
| 5 | Berger Paints (I) Limited | 5.3% | 2.32 → 1.77 | −24% | −1.8 pp | −17% |
| 6 | Kalyan Jewellers India Limited | 4.1% | 1.27 → 2.52 | +98% | +3.7 pp | −38% |
| 7 | Voltas Limited | 3.9% | 4.05 → 1.04 | −74% | −2.8 pp | −27% |
| 8 | Blue Star | 3.4% | 4.68 → 4.82 | +3% | +0.1 pp | −9% |
| 9 | Metro Brands Limited | 3.1% | 2.56 → 2.49 | −3% | −0.1 pp | +1% |
| 10 | Amber Enterprises India Limited | 2.5% | 5.70 → −9.35 | to loss | −1.5 pp | +68% |
| 11 | Kansai Nerolac Paints Limited | 1.8% | 1.52 → 1.67 | +10% | +0.3 pp | −20% |
| 12 | Crompton Greaves Consumer Electricals Limited | 1.7% | 1.94 → 1.11 | −43% | −1.5 pp | −30% |
| 13 | Kajaria Ceramics Limited | 1.6% | 5.29 → 8.35 | +58% | +1.4 pp | −20% |
| 14 | Century Plyboards (India) Limited | 1.6% | 1.80 → 3.10 | +72% | +0.8 pp | −9% |
| 15 | V-Guard Industries Limited | 1.4% | 1.46 → 1.50 | +3% | +0.1 pp | −16% |
| 16 | Whirlpool of India Limited | 1.3% | 4.10 → 3.26 | −20% | −0.3 pp | −48% |
| 17 | JSW Dulux Limited | 1.3% | 21.49 → 369.52 | +1,619% one-off | +45.0 pp | −12% |
| 18 | Bata India | 1.3% | 4.04 → 1.08 | −73% one-off | −1.1 pp | −19% |
| 19 | PG Electroplast Limited | 1.3% | 0.74 → 0.10 | −86% | −0.5 pp | −22% |
| 20 | Cello World | 1.1% | 3.93 → 3.88 | −1% | 0.0 pp | −37% |
| Sector earnings growth | 100% | +71.5 pp |
Who joined and who left
0 joined and 0 left the top 20 since Q1 FY26, as market caps moved.
Joined the top 20 since Q1 FY26
Left the top 20 since Q1 FY26
EPS growth by company, Q2 FY24 to Q1 FY27
Each company's EPS growth year on year, every quarter it was in the top 20.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TITAN | +10% | +17% | +6% | −5% | −23% | −1% | +13% | +53% | +59% | +61% | +35% | +63% |
| ASIANPAINT | +54% | +35% | +2% | −25% | −42% | −23% | −45% | −6% | +43% | −5% | +69% | +40% |
| DIXON | +38% | +85% | +18% | +93% | +262% | +77% | +318% | +67% | +70% | +66% | −37% | +192% |
| HAVELLS | +33% | +1% | +25% | +42% | +8% | −3% | +16% | −15% | +19% | +8% | +40% | −16% |
| BERGEPAINT | +33% | +49% | +20% | 0% | −7% | −2% | +18% | −11% | −24% | −8% | +28% | +29% |
| KALYANKJIL | +27% | +22% | +97% | +23% | −3% | +21% | +36% | +49% | +98% | +90% | +118% | +32% |
| VOLTAS | turned profitable | loss, smaller | −19% | +158% | +265% | turned profitable | +107% | −58% | −74% | −36% | −52% | +52% |
| BLUESTARCO | +56% | +61% | −34% | +90% | +36% | +32% | +21% | −28% | +3% | −39% | +17% | −15% |
| METROBRAND | −13% | −13% | +127% | −1% | +4% | −3% | −39% | +7% | −3% | +35% | +23% | −5% |
| AMBER | outside | outside | −12% | +59% | outside | turned profitable | +22% | +43% | to loss | to loss | +11% | −79% |
| KANSAINER | +56% | +40% | +24% | −69% | −31% | +341% | −7% | −5% | +10% | −82% | +4% | +5% |
| CROMPTON | −23% | 0% | +4% | +28% | +28% | +28% | +22% | −19% | −43% | −11% | to loss | +15% |
| KAJARIACER | +54% | +40% | −5% | −16% | −22% | −25% | −58% | +21% | +58% | +13% | +266% | +56% |
| CENTURYPLY | +3% | −23% | −31% | −60% | −59% | −7% | −34% | +50% | +72% | +9% | +49% | +55% |
| VGUARD | +35% | +47% | +43% | +54% | +7% | +3% | +19% | −26% | +3% | −5% | +23% | +76% |
| WHIRLPOOL | −24% | +13% | +24% | +92% | +42% | +57% | +54% | +1% | −20% | outside | −33% | outside |
| JSWDULUX | outside | +17% | +14% | +4% | +4% | −5% | 0% | −21% | +1,619% | −32% | +16% | −12% |
| BATAINDIA | −38% | −30% | −3% | +63% | +53% | +1% | −28% | −70% | −73% | +12% | outside | outside |
| PGEL | outside | outside | outside | outside | +54% | +89% | +92% | −26% | −86% | +55% | −56% | +13% |
| CELLO | outside | — | — | +637% | +4% | +5% | −5% | −21% | −1% | −31% | outside | outside |