Q2 FY25 earnings deluge: V-Mart, Marico, Vedant Fashions, Adani Enterprises report
A heavy earnings day for retail-relevant firms, with V-Mart Retail, Marico and Vedant Fashions posting Q2 numbers alongside Adani Enterprises. Earlier reporters included Reliance (profit Rs 16,563 cr, down 4.8% YoY), ITC, HUL, Nestle, Zomato and PVR Inox.
What happened
Q2 FY25 earnings day: multiple Indian retail-relevant firms reported, including V-Mart Retail, Marico, Vedant Fashions, Adani Enterprises, plus earlier reports
Key facts
- Reliance profit Rs 16,563 crore down 4.8% YoY
- Reliance 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
Simultaneous results from apparel (V-Mart, Vedant Fashions), FMCG (Marico) and conglomerates (Adani, Reliance) offer a fresh valuation snapshot to identify undervalued or momentum-stalling acquisition targets in retail.
What to watch
- SSSG guidance revisions in earnings calls
- Urban vs rural demand split commentary
- Gross margin deltas vs consensus for Marico/HUL
- Festive-season inventory build-up signals
- Reliance Retail same-store and store-addition pace
- Parse management guidance on festive Q3 demand vs Q2 actuals for each name
- Compare SSSG and volume growth across value-retail (V-Mart) vs premium (Vedant)
- Track staples margin trajectory (Marico) as input-cost proxy for sector
- Watch Reliance Retail segment revenue/EBITDA disclosure buried in AE consolidation
- Screen for sell-side downgrades/upgrades in next 48h