Resurfacing an August 2024 Move: 80+ Companies Reported Q1FY25: V-Mart, Marico, Devyani Among Retail Names That Were on Deck
Resurfacing a report from August 5, 2024 on the Q1FY25 earnings season roundup, when over 80 companies reported, including consumer/retail names V-Mart Retail, Marico, Devyani International and Monte Carlo Fashions, with Godrej Consumer and Adani Wilmar due later. Airtel had posted Q1 profit of Rs 4,159.90 crore, up 158%, on India revenue growth of 10.1%.
What happened
Q1FY25 earnings season roundup: over 80 companies report August 5, including retail/consumer names V-Mart Retail, Marico, Devyani International, Monte Carlo
Key facts
- Airtel Q1FY25 profit Rs 4,159.90 crore up 158%
- Airtel revenue Rs 38,506.40 crore up 2.8%
- India revenue Rs 29,046 crore up 10.1%
- mobile ARPU Rs 211
- 80+ companies reporting
Why this matters
The clustered earnings from consumer/retail players like Monte Carlo and Devyani offers a fresh read on valuations and performance dispersion to inform target screening and timing.
What to watch
- Palm oil / copra / crude derivative input cost trends in commentary
- Rural demand recovery language and monsoon progress
- QSR same-store-sales growth turning positive or deteriorating
- Godrej Consumer and Adani Wilmar prints later in season confirming or breaking the theme
- Compare gross margin deltas across Marico/Godrej vs consensus to gauge input-cost tailwind durability
- Track Devyani SSSG and store-addition guidance as QSR demand proxy
- Watch rural vs urban commentary in management calls for demand mix signals
- Position for dispersion trades: long margin-expansion staples, cautious on discretionary misses