Sector analysis · India
Consumer Durables sector earnings growth, Q3 FY26
The 20 largest Consumer Durables companies by market cap at the end of Q3 FY26 (31 Dec 2025), compared with Q3 FY25.
The top 20 at Q3 FY26
Q3 FY26 vs Q3 FY25: combined net profit ₹5,070 cr (+1%), median EPS −5% (9 of 20 up), market-cap-weighted price −2%. 20 of 20 reported.
| # | Company | Weight | EPS ₹, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | Titan Company Limited | 28.1% | 11.79 → 18.97 | +61% | +12.7 pp | +25% |
| 2 | Asian Paints Limited | 20.8% | 11.58 → 11.05 | −5% | −1.0 pp | +21% |
| 3 | LG Electronics India Limited | 8.1% | 3.44 → 1.32 | −62% | −2.8 pp | — |
| 4 | Havells India Limited | 7.0% | 4.44 → 4.80 | +8% | +0.4 pp | −15% |
| 5 | Dixon Technologies (India) Limited | 5.7% | 28.50 → 47.34 | +66% | +2.3 pp | −33% |
| 6 | Berger Paints (I) Limited | 4.9% | 2.53 → 2.33 | −8% | −0.5 pp | +20% |
| 7 | Kalyan Jewellers India Limited | 3.9% | 2.12 → 4.03 | +90% | +3.9 pp | −37% |
| 8 | Voltas Limited | 3.5% | 3.99 → 2.57 | −36% | −0.9 pp | −24% |
| 9 | Blue Star | 2.8% | 6.45 → 3.92 | −39% one-off | −1.0 pp | −19% |
| 10 | Metro Brands Limited | 2.6% | 3.48 → 4.71 | +35% | +0.7 pp | −1% |
| 11 | Amber Enterprises India Limited | 1.8% | 10.61 → −7.75 | to loss one-off | −1.3 pp | −14% |
| 12 | Kansai Nerolac Paints Limited | 1.5% | 8.42 → 1.50 | −82% one-off | −11.1 pp | −11% |
| 13 | Century Plyboards (India) Limited | 1.4% | 2.63 → 2.87 | +9% | +0.1 pp | +12% |
| 14 | PG Electroplast Limited | 1.3% | 1.40 → 2.17 | +55% | +0.4 pp | −41% |
| 15 | Crompton Greaves Consumer Electricals Limited | 1.3% | 1.71 → 1.53 | −11% | −0.2 pp | −36% |
| 16 | Kajaria Ceramics Limited | 1.2% | 4.88 → 5.51 | +13% one-off | +0.2 pp | −16% |
| 17 | JSW Dulux Limited | 1.1% | 23.84 → 16.32 | −32% one-off | −0.7 pp | −11% |
| 18 | V-Guard Industries Limited | 1.1% | 1.38 → 1.31 | −5% one-off | −0.1 pp | −22% |
| 19 | Bata India | 0.9% | 4.57 → 5.14 | +12% | +0.1 pp | −31% |
| 20 | Cello World | 0.9% | 4.19 → 2.88 | −31% | −0.6 pp | −28% |
| Sector earnings growth | 100% | +0.7 pp |
Who joined and who left
1 joined and 1 left the top 20 since Q2 FY26, as market caps moved.
Joined the top 20 since Q2 FY26
Left the top 20 since Q2 FY26
- Whirlpool of India Limited
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% |
| LGEINDIA | outside | outside | outside | outside | outside | outside | outside | outside | outside | −62% | −8% | +27% |
| HAVELLS | +33% | +1% | +25% | +42% | +8% | −3% | +16% | −15% | +19% | +8% | +40% | −16% |
| DIXON | +38% | +85% | +18% | +93% | +262% | +77% | +318% | +67% | +70% | +66% | −37% | +192% |
| 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% |
| CENTURYPLY | +3% | −23% | −31% | −60% | −59% | −7% | −34% | +50% | +72% | +9% | +49% | +55% |
| PGEL | outside | outside | outside | outside | +54% | +89% | +92% | −26% | −86% | +55% | −56% | +13% |
| 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% |
| JSWDULUX | outside | +17% | +14% | +4% | +4% | −5% | 0% | −21% | +1,619% | −32% | +16% | −12% |
| VGUARD | +35% | +47% | +43% | +54% | +7% | +3% | +19% | −26% | +3% | −5% | +23% | +76% |
| BATAINDIA | −38% | −30% | −3% | +63% | +53% | +1% | −28% | −70% | −73% | +12% | outside | outside |
| CELLO | outside | — | — | +637% | +4% | +5% | −5% | −21% | −1% | −31% | outside | outside |