V-Mart, Marico, Devyani among 80+ firms that reported Q1FY25 earnings — resurfacing an August 2024 results day
Resurfacing a crowded results day from August 5, 2024: retail and consumer names V-Mart Retail, Marico, Devyani International, Godrej Consumer, Monte Carlo Fashions, Nestle, HUL and Adani Wilmar reported Q1FY25 alongside Bharti Airtel's profit beat.
What happened
Q1FY25 earnings roundup: over 80 companies including retail/consumer names V-Mart Retail, Marico, Devyani International, Godrej Consumer, Monte Carlo Fashions,
Key facts
- Bharti Airtel Q1FY25 profit Rs 4,159.90 crore up 158.0%
- revenue Rs 38,506.40 crore up 2.8%
- India revenue Rs 29,046 crore up 10.1%
- ARPU Rs 211 vs Rs 200
What to watch
- Rural vs urban volume growth commentary in management calls
- Gross margin trajectory as palm oil/copra/crude derivative costs move
- Same-store-sales growth (SSSG) for Devyani and V-Mart
- Guidance on festive-season demand and pricing actions
- Adani Wilmar realization trends amid edible-oil deflation
- Rotate positioning toward volume-recovery staples (Marico, HUL) over discretionary until urban demand confirms
- Watch brokerage revisions post-call on margin guidance for FY25
- Trim QSR exposure ahead of same-store-sales prints; size Devyani cautiously
- Use Airtel beat as a bellwether for consumer discretionary spending capacity