Retail Stocks and Companies in India

The largest Retail stocks in India by market value are DMart (₹2.23 lakh crore), Shoppers Stop (₹3,949 crore) and Yamuna Syndicate (₹753 crore), at prices of 4 Nov 2026.

• DMart: ₹3,414 | market value ₹2.23 lakh crore | P/E 71.5
• Shoppers Stop: ₹358.30 | market value ₹3,949 crore | P/E 895.6
• Yamuna Syndicate: ₹24,121 | market value ₹753 crore | P/E 8.2

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

All 3 listed Indian Retail - Departmental Stores companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Retail - Departmental Stores index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

1. Avenue Supermarts Ltd₹2.1 lakh cr
2. Shoppers Stop Ltd₹4,010 cr
3. Yamuna Syndicate Ltd₹753 cr

3 Retail companies in the Retail - Departmental Stores industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 3 are listed below, largest first. The largest is Avenue Supermarts (₹2.09 lakh crore) and the smallest with a market value is Yamuna Syndicate.

Download all 3 Retail companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 34% behind NIFTY 500. Earnings across its companies fell 23% on average over the last four reported quarters.

Price down, no fundamental support. 0 of 3 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Not ahead of NIFTY 500 on the three-month view this week; 2 of the 3 companies in the industry index above their 200-day average (no change from four weeks earlier); 0 of those 3 pass the momentum test (no change from four weeks earlier); earnings rising at 2 of the 3 that report earnings.

Behind NIFTY 500 by −19.5% over a year, with participation off the floor of its own 26-week range. Earnings confirming, 2 of 3 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover or tap any point to read both values and the gap.

Retail - Departmental Stores has done worse than the NIFTY 500 by 19.9% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 3.1%. Shoppers Stop Ltd is the strongest against the sector itself at +10.3%.

Retail - Departmental Stores has done worse than the NIFTY 500 by 19.9% over 52 weeks and by 3.1% over 13 weeks. 0 of 3 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 1 of 3 is ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Shoppers Stop Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 71% evidence confidence.

Avenue Supermarts Ltd has the strongest one-year price move in Retail - Departmental Stores at −23.0%. Shoppers Stop Ltd leads on relative strength against the NIFTY, at +3.2%. 1 of 3 companies we track is ahead of the index on that measure. Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Retail - Departmental Stores itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

1 of 3 Retail - Departmental Stores companies held a results call for July to September 2026. Shoppers Stop guided: 12 department store openings in FY27, up from 9-10 outlook, premium elevated formats.

From the results calls for July to September 2026.

Big funds, foreign and Indian, kept their stake about the same over the last two quarters. Founders and promoters kept theirs about the same.

• Spending on new plants and equipment was ₹4,376 crore in the last 12 months, 83% more than a year before.
• Projects still being built grew 6% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 4 Retail - Departmental Stores companies, in percentage points.

Ownership and spending as of 10 October 2026.

This is the written read behind the Retail - Departmental Stores figures above: what is actually happening in the industry, in words, with the evidence each claim rests on. It is dated 17 Apr 2026, so the words are older than the numbers.

The sector exhibits durable top-line momentum fueled by relentless physical store additions and increasing bill cuts. While the 14.9% revenue growth and 13% EBITDA growth are positive indicators of execution, the slight margin compression and lack of forward guidance warrant a measured approach.

The Retail - Departmental Stores sector, represented in this analysis by Avenue Supermarts (DMART), demonstrated steady top-line expansion in the nine months ending December 31, 2025. Revenue from operations reached ₹49,764 Crs, marking a 14.9% year-on-year increase from ₹43,327 Crs in the corresponding prior-year period.

How old this read is: OLD: this read comes from our Retail - Departmental Stores sector brief dated 17 Apr 2026, about 7 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.

Sources: our Retail - Departmental Stores sector brief, 17 Apr 2026.

Avenue Supermarts Ltd has the highest Revenue among the 3 Retail - Departmental Stores companies compared here, at ₹74,224 crore. Shoppers Stop Ltd is next at ₹5,283 crore. The same company also has the highest Revenue growth, at 16.2%. 3 of 3 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Avenue Supermarts Ltd is the largest at ₹74,224 crore, 14× the revenue of Shoppers Stop Ltd. Avenue Supermarts Ltd's growth is 16.2% from a ₹74,224 crore base, with 20 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Avenue Supermarts Ltd is both the largest and the fastest-growing company here; the growth has to turn into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Avenue Supermarts Ltd's revenue growth slows for two consecutive comparable reports while its operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Shoppers Stop Ltd has the highest OPM among the 3 Retail - Departmental Stores companies compared here, at 14.4%. Avenue Supermarts Ltd is next at 7%. Yamuna Syndicate Ltd has the highest Margin change at +1.1 percentage points, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Shoppers Stop Ltd leads opm at 14.4%; Yamuna Syndicate Ltd leads margin change at +1.1 percentage points.

What this means: Shoppers Stop Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Avenue Supermarts Ltd has the highest Net profit among the 3 Retail - Departmental Stores companies compared here, at ₹3,115 crore. Yamuna Syndicate Ltd is next at ₹91 crore. The same company also has the highest Profit growth, at 14%. 3 of 3 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Avenue Supermarts Ltd earns the most, ₹3,115 crore of profit over the last 12 months, 34.1× the profit of Yamuna Syndicate Ltd. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Avenue Supermarts Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Avenue Supermarts Ltd has the highest ROCE among the 3 Retail - Departmental Stores companies compared here, at 17.2%. Shoppers Stop Ltd is next at 7%. The same company also has the highest ROCE change, at +0.5 percentage points. 3 of 3 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Avenue Supermarts Ltd leads ROCE at 17.2%, 10.2 percentage points above Shoppers Stop Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Avenue Supermarts Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

Return on capital · company comparison

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Avenue Supermarts Ltd has the lowest PEG among the 3 Retail - Departmental Stores companies compared here, at 6.36×. Yamuna Syndicate Ltd has the lowest P/E at 8.22×, so level and change sit with different companies. 1 of 3 companies report a comparable reading, the latest through Sep 2026. Its PEG series carries 13 reported observations across the 20-quarter window.

What the numbers say: That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Retail - Departmental Stores companies show up on 2 of our India lists. The most are on the breakout stocks list (1 company).

This Retail - Departmental Stores comparison names 5 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 1 of the 5 ranked sections has fewer than three usable current readings. A high growth rate can still come from a very small starting figure.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
• Thin comparisons: Valuation have fewer than three usable current readings.

This comparison is built from the reported filings of 3 Retail - Departmental Stores companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld.

These 23 answers restate the Retail - Departmental Stores comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.