V-Mart Retail, Marico among 80+ firms reporting Q1FY25 earnings today
Q1FY25 results day brings V-Mart Retail, Marico, and Devyani International to the board alongside 80+ others. Earlier reporters included Nestle India, HUL, Adani Wilmar, Reliance and Paytm; Godrej Consumer Products still to come. Early data points: ARPU Rs 211, EBITDA margin 53.7%, India revenue +1.9% QoQ.
What happened
Q1FY25 earnings day: V-Mart Retail, Marico, Devyani International, and 80+ companies report today. Prior reporters include Nestle India, HUL, Adani Wilmar,
Key facts
- ARPU Rs 211
- EBITDA margin 53.7%
- India revenue +1.9% QoQ
- Deepak Nitrite profit Rs 202.53 cr up 35.1%
Why this matters
The clustering of retail and FMCG results creates a valuation-comparable window—track margin dispersion and revenue momentum across V-Mart, Marico and Devyani to identify undervalued acquisition or partnership targets.
What to watch
- FY25 volume growth guidance revisions from FMCG majors
- Rural demand recovery language and monsoon commentary
- Input cost trajectory (palm oil, crude) into H2FY25
- QSR same-store sales and store-addition pace
- Godrej Consumer results as final large-cap FMCG confirmation
- Screen 80+ prints for FMCG gross-margin expansion vs volume growth to gauge demand-vs-cost narrative
- Compare Marico read-through to Godrej Consumer (still to report) for category demand signals
- Track Devyani/QSR peer commentary on same-store sales and dine-in recovery
- Watch V-Mart SSSG and inventory commentary as proxy for Tier 2/3 discretionary spend
- Position selectively: pair long margin-beneficiary FMCG vs cautious on volume-dependent QSR