Heatwave lifts FMCG and value retailers to double-digit Q1 sales growth
Marico, DMart, V-Mart, V2 Retail and Voltas posted strong Q1 momentum as heatwave drove summer product demand. DMart revenue rose 15% to ₹18,343 crore, V-Mart +23%, V2 Retail +58%. Cooling product demand climbed 17-18% while price hikes of 2-12% cushioned input cost pressures.
FMCG, white goods and value retailers posted double-digit Q1 sales growth as heatwave boosted summer product demand. Marico, DMart (+15%), V-Mart (+23%), V2 Retail (+58%) and Voltas reported strong momentum, with price hikes cushioning input cost pressures.
Why this matters
Marico's heatwave-driven Q1 strength aligns with its guidance for early-twenties revenue growth and strong operating profit, as copra prices tumbled 45% from peak to lift margins.
Retail-company signals accelerating, up 514500% QoQ.