Q2 FY25 Earnings Day: V-Mart, Marico, Vedant Fashions Among Retail Names Reporting
A crowded earnings session lands results across India's retail and consumer space—V-Mart Retail, Marico, Vedant Fashions, Reliance, HUL, ITC, Nestle, Adani Wilmar, Zomato, PVR Inox and Dabur. Disclosed figures show Reliance profit at Rs 16,563 crore (-4.8% YoY) and revenue of Rs 235,481 crore.
What happened
Q2 FY25 earnings day roundup naming multiple Indian retail/consumer firms—V-Mart Retail, Marico, Vedant Fashions, Reliance, HUL, ITC, Nestle, Adani Wilmar,
Key facts
- Reliance profit Rs 16,563 crore (-4.8% YoY)
- Reliance revenue Rs 235,481 crore
- Bharti Airtel profit up 168% to Rs 3,593.20 crore
- Airtel ARPU Rs 233
- Godrej Agrovet profit Rs 95.79 crore (-7.8%)
Why this matters
A dense reporting day across discretionary and staples retail gives a clean cross-section of valuations and momentum—useful for spotting which sub-segments are showing relative weakness ahead of potential M&A or partnership conversations.
What to watch
- Gross margin delta QoQ tied to commodity/palm oil moves
- Same-store sales growth and footfall metrics for apparel/multiplex
- Management festive-quarter (Q3) demand guidance
- Reliance Retail revenue growth and store expansion pace
- Rural recovery signals in staples volumes
- Parse FMCG volume growth vs. value growth to gauge demand vs. pricing dependency
- Track Reliance segment split—Jio/Retail strength offsetting O2C/profit softness
- Compare urban vs. rural commentary across HUL, Dabur, Marico for demand inflection
- Watch discretionary names (Vedant, V-Mart, PVR Inox) for wedding/festive season guidance