V-Mart, Marico, Devyani among 80+ firms reporting Q1FY25 earnings
A heavy Q1FY25 earnings day sees retail and consumer names including V-Mart Retail, Marico, Devyani International, Monte Carlo Fashions, Hawkins Cooker and Godrej Consumer Products report alongside Bharti Airtel and ONGC. Airtel ARPU rose to Rs 211 from Rs 200 YoY with EBITDA margin at 53.7%.
What happened
Q1FY25 earnings season update: over 80 companies including retail/consumer names V-Mart Retail, Marico, Devyani International, Monte Carlo Fashions, Hawkins
Key facts
- 80+ companies reporting
- Bharti Airtel ARPU Rs 211 vs Rs 200 YoY
- EBITDA margin 53.7%
- Deepak Nitrite profit Rs 202.53 cr up 35.1%
Why this matters
The clustering of multi-brand retail and consumer results offers a rare same-session comparability window to assess relative margin and demand trends across V-Mart, Marico, Godrej Consumer and Devyani for M&A and partnership screening.
What to watch
- Marico/GCPL gross-margin trajectory vs commodity deflation
- Devyani same-store sales growth turning negative
- V-Mart inventory days and gross-margin recovery post-restructuring
- Management commentary on rural vs urban demand split
- Post-result analyst rating revisions across the consumption basket
- Screen for input-cost commentary (palm oil, crude derivatives) in staples calls as forward-margin proxy
- Separate rural-recovery narrative (Marico/GCPL) from urban-discretionary weakness (V-Mart/Monte Carlo) in positioning
- Watch QSR SSSG and store-addition guidance from Devyani for sector read-through to Jubilant/Sapphire
- Use Airtel ARPU strength as a consumer-wallet-share signal competing with discretionary spend