V-Mart, Marico, Devyani among 80+ firms reporting Q1FY25 earnings
Q1FY25 earnings season roundup names several Indian retail and consumer brands reporting results the same day, including V-Mart Retail, Marico, Devyani International, Monte Carlo Fashions, Hawkins Cooker and Godrej Consumer Products, alongside a 158% profit surge at Bharti Airtel.
What happened
Q1FY25 earnings season roundup naming several Indian retail/consumer brands reporting results, including V-Mart Retail, Marico, Devyani International, Monte
Key facts
- Bharti Airtel Q1FY25 profit Rs 4,159.90 crore up 158%
- Airtel revenue Rs 38,506.40 crore up 2.8%
- mobile ARPU Rs 211
- 80+ companies reporting
Why this matters
The clustered reporting of multiple consumer and retail names offers a useful same-period benchmarking snapshot to compare peer margins and growth across V-Mart, Marico, Devyani and Monte Carlo.
What to watch
- Volume growth vs value growth commentary in FMCG prints
- Gross margin trajectory tied to palm oil and crude prices
- Rural vs urban demand split in management commentary
- Devyani same-store-sales and store addition pace
- FY25 guidance revisions and A&P spend intensity
- Rotate toward FMCG names with margin tailwinds (Marico, Godrej Consumer) over discretionary apparel until rural demand confirms
- Screen Devyani QSR same-store-sales trend as read-through for urban discretionary spend
- Fade knee-jerk moves on headline profit surges (Airtel) that are unrelated to retail fundamentals
- Position for post-print volatility with tight stops on high-beta small caps (V-Mart, Monte Carlo, Hawkins)