V-Mart, Marico, Vedant Fashions Headline Retail Names in Q2 FY25 Earnings Day
A crowded results day featured retail-relevant names V-Mart Retail, Marico and Vedant Fashions alongside conglomerates Reliance, Adani, ITC, HUL, Nestle, Zomato and PVR Inox reporting July-September quarter numbers. Reliance posted profit of Rs 16,563 crore, down 4.8% YoY, on revenue of Rs 235,481 crore.
What happened
Q2 FY25 earnings day featuring retail-relevant names V-Mart Retail, Marico, Vedant Fashions and conglomerates Reliance, Adani, ITC, HUL, Nestle, Zomato and PVR
Key facts
- Reliance profit Rs 16,563 crore down 4.8% YoY
- Reliance revenue Rs 235,481 crore
- Honeywell profit Rs 115.10 crore down 5.6%
Why this matters
A multi-name reporting day spanning specialty retail, FMCG and conglomerates surfaces relative-valuation gaps that could inform partnership, acquisition or category-entry timing across the retail value chain.
What to watch
- Reliance Retail segment EBITDA and footprint expansion details
- Marico/HUL volume growth vs pricing split indicating rural recovery
- V-Mart and Vedant inventory and SSSG trends ahead of wedding season
- Input cost (palm oil, crude derivatives) trajectory affecting FMCG margins
- Compare same-store sales growth and gross margin commentary across V-Mart, Vedant Fashions vs staples peers
- Track sell-side revisions on Reliance retail/Jio segments post-print
- Position for pair trade: discretionary apparel long vs staples margin-pressured shorts
- Monitor festive-quarter (Q3) guidance for demand inflection signals