Q1FY25 earnings deluge: V-Mart, Marico, Devyani among 80+ names reporting
A packed results day brings retail-relevant names V-Mart Retail, Marico, Devyani International and Monte Carlo Fashions alongside consumer majors HUL, Nestle India, Adani Wilmar and Godrej Consumer. Bharti Airtel led with Q1FY25 profit of Rs 4,159.90 crore, up 158%, on revenue of Rs 38,506.40 crore.
What happened
Q1FY25 earnings season roundup: retail-relevant names V-Mart Retail, Marico, Devyani International, Monte Carlo Fashions, plus consumer majors HUL, Nestle
Key facts
- Airtel Q1FY25 profit Rs 4,159.90 crore up 158%
- revenue Rs 38,506.40 crore
- India revenue Rs 29,046 crore up 10.1%
- mobile ARPU Rs 211
Why this matters
The clustered earnings across value retail, FMCG and QSR create a natural comp set for valuation benchmarking and surface potential consolidation or partnership targets among under-performing multi-brand players.
What to watch
- Same-store sales growth trends in QSR and value retail
- Staples volume growth crossing mid-single digits (demand inflection)
- Gross-margin direction amid palm oil / input cost swings (Marico, Adani Wilmar)
- FY25 guidance revisions and ad-spend trajectory
- Rural vs urban demand split disclosures
- Compare volume growth vs value growth across HUL/Nestle/Godrej to gauge real demand vs pricing
- Track Devyani/QSR SSSG and store-add guidance for urban discretionary signal
- Watch V-Mart and Monte Carlo gross-margin and inventory commentary for value-retail health
- Screen for management commentary on rural recovery timing post-monsoon