Q2 FY25 Earnings Deluge: V-Mart, Marico, Vedant Fashions Among Retail Names Reporting
October 29 earnings roundup covers retail and consumer players including V-Mart Retail, Marico, Vedant Fashions, Zomato, ITC and HUL alongside conglomerates. RIL profit dipped 4.8% to Rs 16,563 crore; Bharti Airtel profit surged 168% to Rs 3,593 crore on ARPU of Rs 233.
What happened
Q2 FY25 earnings roundup for October 29, 2024 covering multiple Indian firms including retail/consumer names V-Mart Retail, Marico, Vedant Fashions, Zomato,
Key facts
- RIL profit Rs 16,563 crore -4.8%
- RIL revenue Rs 235,481 crore
- Honeywell profit Rs 115.10 crore -5.6%
- Bharti Airtel profit Rs 3,593.20 crore +168%
- ARPU Rs 233
Why this matters
The multi-sector earnings cluster spanning retail, consumer staples and telecom offers a live read on relative valuations and margin trajectories, useful for benchmarking targets and timing M&A conversations.
What to watch
- Rural volume growth commentary in FMCG earnings calls
- Palm oil / crude input cost guidance from Marico and HUL
- Same-store sales growth (SSSG) for V-Mart and Vedant Fashions
- Festive quarter (Q3) forward guidance and inventory levels
- Zomato/quick-commerce margin path signaling discretionary spend health
- Rotate toward telecom (Airtel ARPU strength) and premium consumption plays over mass-value retail
- Screen Marico/HUL/ITC commentary on input costs and rural volume growth for margin trajectory
- Fade V-Mart/Vedant on weak same-store sales unless festive demand surprises
- Watch RIL retail segment disclosure for offline consumption read-through