Q2 FY25 earnings day: V-Mart, Marico, Vedant Fashions, Dabur report as RIL profit slips 4.8%
A cluster of retail-relevant names post Q2 numbers, with conglomerates Reliance and Adani framing the backdrop. RIL profit fell 4.8% YoY to Rs 16,563 crore on revenue of Rs 235,481 crore, while APSEZ handled 220 MMT cargo in H1 (up 9%). Consumer and retail arms tracked via parent results.
What happened
Q2 FY25 earnings day for multiple Indian firms including retail-relevant names V-Mart Retail, Marico, Vedant Fashions, Dabur, and conglomerates Reliance and
Key facts
- RIL profit Rs 16,563 crore down 4.8% YoY
- RIL revenue Rs 235,481 crore
- Godrej Agrovet profit Rs 95.79 crore down 7.8%
- APSEZ 220 MMT cargo H1 up 9%
Why this matters
The clustering of standalone retail and consumer results against conglomerate backdrops highlights partnership and acquisition windows in fashion (Vedant), value retail (V-Mart), and FMCG (Marico, Dabur).
What to watch
- Reliance Retail revenue growth and EBITDA margin trajectory
- Management commentary on rural vs urban demand from Marico/Dabur
- V-Mart same-store sales and inventory/gross-margin trends
- Vedant Fashions store expansion and average realization per store
- Input-cost guidance (crude, palm oil) shaping H2 margin outlook
- Parse Reliance Retail segment EBITDA and store-addition pace separate from O2C/energy weakness
- Compare Marico vs Dabur gross-margin recovery on easing palm oil / input costs
- Track Vedant Fashions SSSG ahead of wedding season for discretionary read-through
- Position for pair trades: staples over discretionary if rural recovery data confirms