V-Mart Retail among 80+ firms that reported Q1FY25 earnings alongside Marico, Airtel, ONGC, resurfacing an August 2024 earnings-day report
Resurfacing coverage of the Q1FY25 earnings season from August 5, 2024, when over 80 companies reported, including consumer and retail names V-Mart Retail, Marico, Devyani International, Monte Carlo Fashions, Godrej Consumer and Hawkins Cooker. Early prints showed Airtel ARPU at Rs 211 and Deepak Nitrite profit up 35.1%.
What happened
Q1FY25 earnings season update: V-Mart Retail, Marico, Devyani International, Monte Carlo Fashions, Godrej Consumer and Hawkins Cooker among 80+ firms reporting,
Key facts
- Deepak Nitrite Q1FY25 profit Rs 202.53 crore up 35.1%
- revenue Rs 2,166.84 crore up 22.5%
- Airtel ARPU Rs 211
- Airtel India revenue growth 1.9% sequential
- EBITDA margin 53.7%
Why this matters
The clustered reporting of consumer and retail names offers a real-time competitive benchmark across value-fashion and FMCG, useful for positioning V-Mart's growth and any partnership or consolidation theses.
What to watch
- V-Mart same-store-sales growth and store-expansion pace
- Marico/Godrej rural volume commentary confirming demand inflection
- Devyani International store-level unit economics and QSR footfall trends
- Sector-wide gross margin direction as commodity costs move
- Screen retail prints for SSSG and gross margin trend versus consensus, not just headline PAT
- Pair-trade resilient staples (Marico/Godrej) long against weaker discretionary (V-Mart/Monte Carlo)
- Monitor management commentary on rural vs urban demand split for Q2 guidance cues
- Track input-cost tailwind durability (palm oil, copra) for margin persistence