Heatwave powers double-digit Q1 growth for FMCG, white goods and value retailers
Marico, V-Mart, V2 Retail, DMart and Voltas rode a scorching summer to strong June-quarter gains. DMart revenue surged 15% to Rs 18,343 crore, V-Mart grew 23% YoY and V2 Retail 58% YoY, while cooling-product demand jumped 17-18%. Price hikes of 2-11% cushioned margins against input-cost pressure.
Indian FMCG, white goods and value fashion retailers posted double-digit June-quarter growth as a heatwave boosted summer demand. Marico, V-Mart, V2 Retail, DMart and Voltas gained; price hikes of 2-11% cushioned margins amid input-cost pressures.
Why this matters
Reinforces Marico's strong Q1 update that sparked brokerage upgrades and its guidance of early-twenties revenue growth as copra correction lifts margins, part of a broader heatwave-driven retail surge.
Retail-company signals are accelerating, up 522100% QoQ.