Q2 FY25 earnings wave: V-Mart, Marico, Vedant Fashions among retail, consumer names reporting
A crowded Q2 results day spans retail and consumer players including V-Mart Retail, Marico, Vedant Fashions, ITC, HUL, Nestle, Zomato and PVR Inox. Earlier prints showed RIL profit at Rs 16,563 crore (-4.8% YoY) and Airtel profit up 168% to Rs 3,593 crore with ARPU at Rs 233.
What happened
Q2 FY25 earnings season roundup: numerous Indian retail and consumer names reporting including V-Mart Retail, Marico, Vedant Fashions, Reliance, ITC, HUL,
Key facts
- RIL profit Rs 16,563 crore (-4.8% YoY)
- RIL revenue Rs 235,481 crore
- Airtel profit Rs 3,593.20 crore (+168%)
- Airtel ARPU Rs 233
Why this matters
Simultaneous prints across retail (V-Mart, Vedant Fashions) and consumer staples (Marico, HUL, Nestle) create a valuation snapshot useful for benchmarking targets and timing M&A conversations while multiples reset.
What to watch
- Management commentary on rural vs urban demand split
- Volume growth figures (not just revenue) in staples names
- Gross margin trajectory vs raw material trends
- FY25 guidance revisions and festive-season outlook
- Same-store sales / footfall metrics for retail and cinema names
- Screen staples (Marico, HUL, Nestle) for volume growth vs price-led growth to gauge quality of print
- Watch discretionary reads (V-Mart, Vedant, PVR) as leading indicator for H2 festive demand
- Pair-trade staples long vs discretionary short if rural recovery narrative confirms
- Model input-cost sensitivity (palm oil, crude) into consumer margin forecasts
- Reassess Zomato standalone momentum as proxy for urban discretionary strength