V-Mart, Marico, Devyani among 80+ firms reporting Q1FY25 earnings
Q1FY25 earnings season roundup features consumer and retail majors including V-Mart Retail, Marico, Devyani International, Godrej Consumer and Nestle India reporting alongside broader-market heavyweights like Bharti Airtel and Reliance. Airtel posted a 158% profit jump to Rs 4,159.90 cr.
What happened
Q1FY25 earnings season roundup: V-Mart Retail, Marico, Devyani International, Godrej Consumer, Nestle India and other consumer/retail firms report quarterly
Key facts
- Airtel Q1FY25 profit Rs 4,159.90 cr up 158%
- Airtel revenue Rs 38,506.40 cr
- Airtel India revenue Rs 29,046 cr up 10.1%
- ARPU Rs 211
- Deepak Nitrite profit Rs 202.53 cr up 35.1%
Why this matters
Clustered multi-sector results reveal relative valuation and margin gaps across consumer and retail names, surfacing potential acquisition or partnership targets among underperformers versus outperformers.
What to watch
- Rural vs urban volume growth split in FMCG management calls
- Gross margin trajectory guidance amid palm oil/copra input inflation
- Devyani same-store-sales growth and store-expansion pace
- Festive-season restocking and channel inventory commentary
- Analyst EPS revision breadth across the 80+ reporting cohort
- Screen consumer names on volume growth vs price-led growth to separate genuine demand recovery from pricing
- Position long value-retail/rural FMCG (V-Mart, Marico) if rural commentary turns constructive
- Pair-trade QSR shorts (Devyani) against staples longs if discretionary weakness persists
- Use Airtel/Reliance beats to fade index euphoria and rotate into laggard consumer stocks