Sector analysis · India

Consumer Services sector earnings growth, Q1 FY26

The 20 largest Consumer Services companies by market cap at the end of Q1 FY26 (30 Jun 2025), compared with Q1 FY25.

The top 20 at Q1 FY26

Q1 FY26 vs Q1 FY25: combined net profit ₹1,929 cr (+6%), median EPS +13% (12 of 16 up), market-cap-weighted price +4%. 20 of 20 reported.

Quarter

Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27

Compared with

YoY QoQ

Weight is each company's share of the 20 companies' combined market cap. Contribution is the change in its owners' profit divided by their combined base profit, in percentage points, so the column adds up to the sector's earnings growth. EPS cannot be added across companies, which is why contributions use profit.

#	Company	Weight	EPS ₹, base → now	EPS growth	Contribution	Price
1	Avenue Supermarts LimitedDMART	18.8%	11.89 → 11.88	0%	0.0 pp	−7%
2	Eternal LtdETERNAL	16.9%	0.29 → 0.03	−90%	−7.9 pp	+32%
3	Trent LimitedTRENT	14.6%	7.36 → 8.06	+10%	+1.3 pp	+13%
4	The Indian Hotels Company LimitedINDHOTEL	7.2%	1.75 → 2.08	+19%	+1.7 pp	+22%
5	Swiggy LimitedSWIGGY	6.6%	— → −4.80	—	—	—
6	Info Edge (India) LimitedNAUKRI	6.4%	3.60 → 4.57	+27%	+2.2 pp	+10%
7	I R C T CIRCTC	4.1%	3.85 → 4.13	+7%	+0.8 pp	−21%
8	Vishal Mega Mart LimitedVMM	4.1%	0.33 → 0.44	+33%	+1.9 pp	—
9	FSN E-Commerce Ventures LimitedNYKAA	3.9%	0.03 → 0.08	+167%	+0.5 pp	+18%
10	Jubilant Foodworks LimitedJUBLFOOD	3.1%	0.85 → 1.39	+64%	+1.2 pp	+25%
11	ITC HotelsITCHOTELS	3.1%	— → 0.72	sources disagree	—	—
12	EIHEIHOTEL	1.5%	1.47 → 0.54	−63% one-off	−2.0 pp	−14%
13	Devyani International LimitedDEVYANI	1.3%	0.25 → 0.03	−88%	−0.9 pp	+2%
14	Brainbees Solutions LimitedFIRSTCRY	1.3%	−1.09 → −0.89	loss, smaller	+0.4 pp	—
15	Chalet Hotels LimitedCHALET	1.3%	2.78 → 9.30	+235%	+4.9 pp	+15%
16	Vedant Fashions LimitedMANYAVAR	1.3%	2.55 → 2.89	+13%	+0.3 pp	−23%
17	Aditya Birla Lifestyle Brands LimitedABLBL	1.3%	— → 0.20	—	—	—
18	Ventive Hospitality LimitedVENTIVE	1.1%	— → 1.15	sources disagree	—	—
19	Indiamart Intermesh LimitedINDIAMART	1.0%	19.01 → 25.57	+35%	+1.4 pp	−3%
20	TBO TekTBOTEK	1.0%	5.61 → 5.80	+3%	+0.1 pp	−26%
	Sector earnings growth	100%			+5.7 pp

Who joined and who left

2 joined and 2 left the top 20 since Q4 FY25, as market caps moved.

Joined the top 20 since Q4 FY25 2

now #17 Aditya Birla Lifestyle Brands Limited ABLBL
now #19 Indiamart Intermesh Limited INDIAMART

Left the top 20 since Q4 FY25 2

was #12 Aditya Birla Fashion and Retail Limited ABFRL
was #19 BLS International Services Limited BLS

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.

≤ −40%−20%0+20%≥ +40% Blue is growth, red is decline, grey is about zero; the colour stops deepening at ±40%.

turned profitableto loss crossed zero, so there is no growth rate to print
loss, smallerloss, bigger a loss in both quarters
sources disagree our two sources disagree, so the figure is left out of the sector totals
— no data
outside not in the sector's top 20 that quarter

EPS growth of each company in the sector's top 20, by quarter
Company	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
DMART	−10%	+17%	+22%	+17%	+6%	+5%	−2%	0%	+4%	+18%	+19%	+11%
ETERNAL	turned profitable	turned profitable	turned profitable	turned profitable	+400%	−63%	−80%	−90%	−65%	+83%	+350%	+233%
TRENT	+153%	+142%	+1,195%	+126%	+44%	+33%	−55%	+10%	+11%	+3%	+26%	+21%
INDHOTEL	+37%	+18%	+27%	+11%	+231%	+29%	+25%	+19%	−49%	+55%	+15%	+21%
SWIGGY	outside	outside	outside	outside	outside	—	—	—	loss, bigger	loss, bigger	loss, smaller	loss, smaller
NAUKRI	+99%	turned profitable	turned profitable	+46%	−89%	+60%	+669%	+27%	+1,256%	+12%	+22%	+50%
IRCTC	sources disagree	sources disagree	sources disagree	+33%	+5%	+14%	+26%	+7%	+11%	+15%	−9%	0%
VMM	outside	outside	outside	outside	outside	+26%	+79%	+33%	+43%	+16%	+44%	+25%
NYKAA	+100%	+100%	+100%	+200%	+100%	+50%	+250%	+167%	+200%	+144%	+286%	+250%
JUBLFOOD	−26%	−18%	+630%	+93%	−34%	−35%	−77%	+64%	+204%	+65%	+66%	+6%
ITCHOTELS	outside	outside	outside	outside	outside	outside	sources disagree	sources disagree	sources disagree	sources disagree	+6%	+18%
EIHOTEL	+282%	+54%	+164%	−11%	+40%	+21%	+13%	−63%	−13%	−8%	−6%	+246%
DEVYANI	−43%	−86%	to loss	+150%	to loss	to loss	loss, bigger	−88%	loss, bigger	loss, bigger	outside	outside
FIRSTCRY	outside	outside	outside	outside	—	—	—	loss, smaller	loss, smaller	outside	outside	outside
CHALET	+130%	−31%	+110%	−36%	to loss	+28%	+41%	+235%	turned profitable	+28%	+31%	−58%
MANYAVAR	−29%	+7%	+8%	−33%	+35%	0%	−13%	+13%	−15%	outside	outside	outside
ABLBL	outside	outside	outside	outside	outside	outside	outside	—	outside	outside	outside	outside
VENTIVE	outside	outside	outside	outside	outside	−49%	+171%	sources disagree	sources disagree	sources disagree	sources disagree	outside
INDIAMART	+4%	−26%	+82%	+40%	+95%	+48%	outside	+35%	outside	outside	outside	outside
TBOTEK	outside	outside	outside	+287%	+357%	+251%	+26%	+3%	+12%	+7%	outside	+32%