Over 80 firms report Q1FY25 results: V-Mart, Marico, Devyani, Godrej Consumer among retail names

Q1FY25 earnings day sees a wave of retail and consumer companies report, including V-Mart Retail, Marico, Devyani International, Monte Carlo Fashions and Godrej Consumer Products. Headliner Bharti Airtel posted a 158% profit surge to Rs 4,159.90 cr with India revenue up 10.1% and ARPU at Rs 211.

— FiledSat, 4 Jul, 2026, 12:18 IST·First seen Sat, 4 Jul, 2026, 12:17 IST·Source Financial Express · BrandWagon

What happened

Q1FY25 earnings day: over 80 companies including retail/consumer names V-Mart Retail, Marico, Devyani International, Monte Carlo Fashions and Godrej Consumer

Key facts

  • Bharti Airtel Q1FY25 profit Rs 4,159.90 cr (+158%)
  • Airtel revenue Rs 38,506.40 cr (+2.8%)
  • India revenue Rs 29,046 cr (+10.1%)
  • mobile ARPU Rs 211
  • 409 million India customers

Why this matters

The clustered results across V-Mart, Monte Carlo, Devyani and Godrej Consumer offer a screening moment to spot relative-value or consolidation targets in retail-consumer, though at 72% confidence the signal warrants deeper diligence.

What to watch

  • Marico/Godrej management commentary on rural volume growth and A&P spend
  • Devyani same-store-sales growth and store-level unit economics
  • V-Mart inventory turns and gross margin recovery signals
  • Monsoon progress and rural wage data confirming demand thesis
  • Sector-wide input cost (palm oil, packaging) trend disclosures
  • Screen retail names for gross-margin delta vs input-cost trajectory before broad sector bets
  • Pair-trade FMCG staples (Marico/Godrej) long vs discretionary QSR (Devyani) short on urban-rural divergence
  • Watch for analyst upgrade clusters on rural-exposed staples over next 5 sessions
  • Track Airtel-driven rotation flows into telecom versus retail allocations