Consumer Sector — Q3 FY25 Earnings Overview
5 companies reported. 1 bullish, 3 neutral, 1 bearish.
Average revenue growth: 8.9%
Sector sentiment: neutral
Aggregate revenue: ₹39,674 Cr
Average margin: 8.0%
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| Hindunilvr | ₹15,556 Cr | +2% | 24.0% | neutral high |
| Asianpaint | ₹8,549 Cr | -6% | — | bearish high |
| Kalyan Jewellers | ₹7,287 Cr | +40% | — | bullish high |
| Britannia | ₹4,593 Cr | +6.5% | — | neutral medium |
| Varun Beverages | ₹3,689 Cr | +1.9% | 16.0% | neutral medium |
Key sector risks this quarter
Varun Beverages · high
Prolonged rainfall in India led to flat domestic volumes; any further weather disruptions could delay recovery.
Britannia · highCocoa and palm oil inflation may persist, requiring further price increases that could impact volumes.
Hindunilvr · highUrban growth continues to moderate, and if real wage growth, food inflation, or employment do not improve, consumption recovery may be delayed.
Asianpaint · highUrban centers continue to show muted demand, and management expects stress to persist for at least two more quarters, delaying recovery.
Varun Beverages · mediumCompetitors have launched aggressive pricing at INR 10; management indicated they will respond only if market share is materially impacted.