V-Mart, Marico, Devyani among 80+ firms reporting Q1FY25 earnings
Q1FY25 earnings season brings a cluster of retail-relevant reporters including V-Mart Retail, Marico, Devyani International, Godrej Consumer, Nestle India, HUL, Adani Wilmar, Monte Carlo Fashions and Hawkins Cooker. Bharti Airtel led headlines with net profit of Rs 4,159.90 crore, up 158%.
What happened
Q1FY25 earnings season roundup: retail-relevant reporters include V-Mart Retail, Marico, Devyani International, Godrej Consumer, Nestle India, HUL, Adani
Key facts
- Bharti Airtel net profit Rs 4,159.90 crore up 158%
- revenue Rs 38,506.40 crore up 2.8%
- ARPU Rs 211
Why this matters
The spread of multi-brand, QSR, and durables reporters on one day surfaces relative margin and growth divergence that can flag undervalued or distressed acquisition targets across the retail-consumer space.
What to watch
- Volume growth print vs value growth divergence in staples
- Management demand guidance for H2FY25
- Same-store-sales growth in QSR and value retail
- Analyst estimate revisions post-print
- Raw material cost trajectory commentary
- Screen for guidance commentary on rural recovery timeline across FMCG reporters
- Compare gross vs EBITDA margin deltas to isolate cost tailwinds from demand strength
- Track V-Mart and Devyani SSSG prints as discretionary-demand proxies
- Flag input-cost commentary (palm oil, copra, crude derivatives) for forward margin modeling