Consumer Sector — Q1 FY25 Earnings Overview
3 companies reported. 0 bullish, 2 neutral, 1 bearish.
Average revenue growth: 0.3%
Sector sentiment: neutral
Aggregate revenue: ₹28,266 Cr
Average margin: 13.4%
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| Hindunilvr | ₹15,166 Cr | — | 23.8% | neutral medium |
| Asianpaint | ₹8,970 Cr | -3% | — | bearish high |
| Britannia | ₹4,130 Cr | +4% | 16.5% | neutral medium |
Key sector risks this quarter
Asianpaint · high
Input costs rose 1.8% in Q1 and are expected to rise another 1.5% in Q2, pressuring gross margins if price hikes are not fully passed through.
Britannia · mediumFlour, sugar, and cocoa costs are rising; cocoa is 'through the roof'. If inflation exceeds 4-5%, margins could compress.
Britannia · mediumHindi belt markets (15% of revenue) are underperforming due to downtrading and competitive pressure, limiting overall growth.
Britannia · mediumRegional biscuit players like Anmol and Bisk Farm are expanding aggressively, potentially eroding market share in eastern India.
Asianpaint · mediumEmployee costs surged 23% YoY due to hiring for distribution expansion, and management indicated these costs will persist, potentially weighing on EBITDA margins.