In this age of rising consumerism, it is evident that we need to move toward a more environmentally sustainable and socially just form of consumption patterns by surpassing the impasse currently faced by various sustainable consumption policies. Without any further delay, we need to embrace an apt methodological orientation to gain a better socioculturally situated conceptual understanding of consumers and a means to obtain empirical insights into drivers of socioenvironmentally impactful consumption patterns to be able to proceed toward efficacious sustainable consumption policies. This article proposes a phenomenological research methodology–based conceptual framing and a step-by-step methodological approach based on that framing to gain an in-depth understanding of how consumers being socioculturally situated identity projects–driven subjects embed consumer goods as integral parts of their life narratives and how that in turn acts as the drivers of their consumption. The elaborated steps of interpreting collected consumer narratives are presented with examples from an empirical research conducted in a few Indian cities. Critical reflections on diverse issues that may arise while employing this methodology in similar contexts like India are then discussed. The conclusion highlights how this understanding of consumer could make a novel contribution to sustainable consumption literature.