V-Mart Retail, Marico, Devyani Among 80+ Firms Reporting Q1FY25 Earnings
A heavy earnings day brings retail-relevant names to the tape: value-fashion player V-Mart Retail, FMCG major Marico, QSR operator Devyani International, Monte Carlo Fashions and Hawkins Cooker all report Q1FY25 numbers alongside Bharti Airtel (ARPU Rs 211, EBITDA margin 53.7%) and ONGC.
What happened
Q1FY25 earnings day featuring 80+ companies including retail-relevant names V-Mart Retail, Marico, Devyani International (QSR), Monte Carlo Fashions, Hawkins
Key facts
- Q1FY25
- 80+ companies
- ARPU Rs 211
- EBITDA margin 53.7%
Why this matters
Simultaneous multi-format retail results (value-fashion, FMCG, QSR, cookware) offer a clean comp set for valuation and target screening across the discretionary and staples spectrum.
What to watch
- Marico volume growth vs consensus and rural/urban mix commentary
- V-Mart / Monte Carlo same-store-sales and gross-margin trend
- Devyani same-store-sales, store additions, and QSR discretionary demand tone
- Raw-material/input cost guidance (copra, packaging) across FMCG names
- Hawkins margin and volume as small-appliance discretionary proxy
- Rank the retail-relevant names by expected surprise magnitude; pre-position on Marico volumes and V-Mart SSSG as highest-signal prints
- Separate staples (Marico) from discretionary (V-Mart, Devyani, Monte Carlo) into distinct read-through buckets to avoid false correlation
- Use Airtel ARPU/EBITDA as the day's macro anchor for consumer wallet-share commentary
- Prep quick-turn notes on rural-demand and input-cost commentary from management calls