Q2 FY25 earnings deluge: V-Mart, Marico, Reliance, ITC, Nestle among retail names reporting
A crowded 29 October earnings docket puts retail-relevant names under the lens. Reliance posted Rs 16,563 crore profit (down 4.8% YoY) on revenue of Rs 235,481 crore, while V-Mart, Marico, Vedant Fashions, HUL, ITC, Nestle, Dabur and Zomato also reported. Mixed consumption signals across staples, apparel and quick-commerce.
What happened
Q2 FY25 earnings roundup for 29 October 2024 covering multiple Indian firms including retail-relevant names V-Mart Retail, Marico, Vedant Fashions, Reliance,
Key facts
- RIL profit Rs 16,563 crore down 4.8% YoY
- RIL revenue Rs 235,481 crore
- Honeywell Automation profit Rs 115.10 crore down 5.6%
- Bharti Airtel profit Rs 3,593.20 crore up 168%
Why this matters
The simultaneous reporting of V-Mart, Marico, Vedant Fashions, HUL, ITC, Nestle, Dabur and Zomato offers a rare cross-sector valuation snapshot to identify M&A or partnership targets where consumption softness has compressed multiples.
What to watch
- Volume growth vs price growth split in staples results
- Same-store sales growth (SSSG) and store-add pace for V-Mart, Vedant Fashions
- Blinkit/quick-commerce take-rate and contribution margin trajectory
- Rural vs urban demand divergence in management commentary
- Raw material/palm-oil cost trends impacting Marico, HUL, Nestle margins
- Sell-side revisions of FY25 EPS across staples vs discretionary within 48-72 hours
- Management guidance calls emphasizing rural recovery and festive demand pull-forward
- Rotation flows from discretionary/q-comm into defensive staples and index heavyweights
- RIL retail segment margin commentary parsed for JioMart/q-comm competitive response