Q2 FY25 earnings flood: V-Mart, Marico, Reliance, ITC, Nestle among retail names reporting
A wave of Indian retail and consumer companies posted Q2 results, led by Reliance Industries with profit of Rs 16,563 crore (down 4.8%) on revenue of Rs 235,481 crore. V-Mart Retail, Marico, Vedant Fashions, HUL, Nestle India, Adani Wilmar, Zomato, PVR Inox and Dabur also feature in the roundup.
What happened
Q2 FY25 earnings roundup naming retail/consumer firms including V-Mart Retail, Marico, Vedant Fashions, ITC, HUL, Nestle India, Adani Wilmar, Zomato, PVR Inox,
Key facts
- Reliance profit Rs 16,563 crore down 4.8%
- Reliance revenue Rs 235,481 crore
Why this matters
The cluster of multi-brand retail and consumer names reporting simultaneously offers a timely read on valuation resets and potential consolidation targets across apparel, FMCG and food-delivery segments.
What to watch
- Management guidance on rural vs urban demand recovery
- Gross margin trajectory amid raw-material cost moves
- Zomato/Q-commerce burn vs profitability inflection commentary
- Reliance retail same-store growth and store-count expansion
- FII/DII flow rotation between staples and discretionary
- Parse Reliance segment splits to isolate O2C drag from retail/Jio strength
- Compare staples volume-growth vs price-growth commentary (HUL, Nestle, Dabur, Marico) for demand signal
- Screen discretionary names (V-Mart, Vedant Fashions, PVR Inox) for festive-quarter SSSG beats
- Track sell-side estimate revisions over next 48-72 hours for sector tilt