V-Mart Retail, Marico among 80+ firms reporting Q1FY25 earnings
Q1FY25 earnings roundup features retail and consumer majors including V-Mart Retail, Marico, Devyani International, Monte Carlo Fashions and Hawkins reporting today, alongside heavyweights Nestle, HUL, Adani Wilmar and Godrej Consumer. Airtel posted ARPU of Rs 211 vs Rs 200 and EBITDA margin of 53.7%.
What happened
Q1FY25 earnings season roundup: V-Mart Retail, Marico, Devyani International, Monte Carlo Fashions and Hawkins report today, with several consumer/retail majors
Key facts
- ARPU Rs 211 vs Rs 200
- EBITDA margin 53.7%
- India revenue +1.9% QoQ
- Deepak Nitrite profit Rs 202.53 cr +35.1%
Why this matters
The clustered Q1 prints across multiple consumer and retail players create a valuation-comparison window useful for M&A screening and positioning conversations.
What to watch
- FMCG gross margin expansion vs volume growth gap
- Rural vs urban demand split in management commentary
- QSR same-store-sales and footfall trends (Devyani)
- Palm oil and crude derivative price guidance for H2 cost outlook
- Pricing/promotional intensity in apparel and value retail
- Position long staples with input-cost leverage (Marico, GCPL) ahead of margin commentary
- Watch QSR/discretionary names for same-store-sales guidance as demand proxy
- Use Airtel ARPU strength (211 vs 200) as read-through for consumption-spend resilience
- Hedge value-retail exposure (V-Mart) against weak urban discretionary signals