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Kwality Wall's (India) Limited (KWIL)

₹38.70 +6.44% last close, 16 Oct

📊 NSE: KWIL 🏢 Packaged Foods 📢 Latest filing: 14 Aug 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Kwality Wall's' revenue was ₹878 Cr (+16.0% year on year, +80.7% on the previous quarter), and net profit ₹50.7 Cr (+33.4% year on year); the operating margin was 11.8%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹878	+16.0%	+80.7%
Operating profit	₹103	+32.6%	from loss
Net profit	₹50.7	+33.4%	from loss
EPS (₹)	0.22	-97.1%	from loss
Operating margin	11.8%	—	—

Full quarterly financials → Results calendar →

KWIL delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 30.9% of the KWIL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 42.0%. The price rose 6.44% on unusually low delivery, so more of the move than usual was intraday trading. It traded 2.3 times its average daily volume.

30.9%Delivery, 16 Oct

42.0%Own 20-session average

2.3×Volume vs its average

₹38.70NSE close · +6.44%

Delivery in the last 5 sessions: 53.8% · 34.2% · 32.0% · 48.6% · 30.9%

Delivery across the market →Unusual volume today →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

KWIL Q1 FY27 Revenue at ₹8,678 Mn (+16.6% OSG), EBITDA at ₹1,049 Mn (12.1% Margin)

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 14 Aug 2026, 09:22 PM

Kwality Wall's (India) Limited reported product sales of ₹8,678 Mn for Q1 FY27, driven by 16.6% Organic Sales Growth and 14.9% Organic Volume Growth. EBITDA before exceptional items stood at ₹1,049 Mn, yielding an EBITDA margin of 12.1% (+166 bps YoY), while gross margin reached 45.6%. Performance was supported by double-digit growth in both Impulse and In-home portfolios along with Quick Commerce expansion. Exceptional items included a ₹394 Mn royalty reversal gain, offset by ₹166 Mn impairment and ₹93 Mn establishment costs.

Delivered Q1 FY27 revenue of ₹8,678 Mn with 16.6% Organic Sales Growth
Organic Volume Growth stood strong at 14.9%, with Organic Price Growth at 1.5%
EBITDA (before exceptional items) reached ₹1,049 Mn with an EBITDA margin of 12.1%
Gross margin improved to 45.6% supported by premium mix and disciplined pricing
Net exceptional items included ₹394 Mn royalty reversal offset by ₹166 Mn impairment and ₹93 Mn setup costs

💡 Track the margin trajectory and volume resilience during the seasonally weaker monsoon and winter quarters (Q2 and Q3), as well as standalone overhead cost stabilization.

Kwality Wall's Q1 Net Profit Rises 34.8% YoY to Rs 50.7 Cr; Total Income at Rs 879.8 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 14 Aug 2026, 08:58 PM

Kwality Wall’s (India) Limited reported a total income of Rs 8,798 million (Rs 879.8 crore) for the quarter ended June 30, 2026, marking a 16.2% YoY increase from Rs 7,571 million. Net profit stood at Rs 507 million (Rs 50.7 crore), up 34.8% YoY compared to Rs 376 million in Q1 FY26 and turning around from a net loss of Rs 1,071 million in the preceding quarter. Profitability was supported by a net exceptional gain of Rs 135 million, primarily from a Rs 394 million royalty reversal partially offset by asset impairments and establishment costs. Basic and diluted EPS for the quarter improved to Rs 0.22 from Rs 0.16 in June 2025.

Revenue from sale of products increased 16.6% YoY to Rs 8,678 million compared to Rs 7,440 million in June 2025.
Turned profitable with PAT of Rs 507 million versus a net loss of Rs 1,071 million in the quarter ended March 31, 2026.
Exceptional gain of Rs 135 million included a Rs 394 million royalty reversal offset by Rs 166 million PPE impairment and Rs 93 million establishment expenses.
EPS stood at Rs 0.22 per share (Face Value Re 1) for the quarter compared to Rs 0.16 in the year-ago period.

💡 Track margin trends and volume sustainability as the business moves out of its peak summer demand quarter into off-peak quarters.

13,000 sq. ft. RD&I Centre opened by KWIL in Bengaluru to drive product innovation

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 06 Jul 2026, 02:24 PM

Kwality Wall’s (India) Limited (KWIL) has inaugurated a new 13,000 square foot Research, Design & Innovation (RD&I) Centre in Bengaluru. The facility includes a state-of-the-art laboratory and a digitally enabled pilot plant designed to accelerate product launches for brands like Magnum and Cornetto. This investment comes as the company seeks to improve its financial performance, following a Dec 2025 quarter where it reported a net loss of ₹178.38 crore on revenue of ₹223.41 crore. The centre will focus on tailoring global dairy platforms to local Indian tastes and cold-chain conditions.

New RD&I facility spans 13,000 square feet in Whitefield, Bengaluru.
The centre will support innovation for 6 major brands: Kwality Wall’s, Cornetto, Magnum, Carte D’Or, Feast, and Twister.
Includes a digitally enabled pilot plant for rapid prototyping of cups, sticks, cones, and kulfi.
KWIL reported a significant net loss of ₹178.38 crore in the most recent Dec 2025 quarter.
The facility will collaborate with global design centres in the UK and Turkey.

💡 Investors should monitor the frequency and success of new product launches originating from this centre as a lead indicator for revenue growth. It is critical to watch if this localized R&D can help reverse the current trend of operating losses.

KWIL Shareholders Approve Appointment of Two Non-Executive Directors with Over 99% Majority

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 30 Jun 2026, 03:13 PM

Shareholders of Kwality Wall's (India) Limited have approved the appointment of Mr. Abhijit Bhattacharya and Mr. Tahir Toloy Tanridagli as Non-Executive Non-Independent Directors. Both ordinary resolutions passed with a significant majority, receiving 99.75% and 99.80% votes in favor, respectively. A total of 176.72 crore votes were polled, representing 75.21% of the total outstanding shares. This is a routine administrative update to the company's board composition.

Appointment of Mr. Abhijit Bhattacharya approved with 176.29 crore votes in favor (99.75%)
Appointment of Mr. Tahir Toloy Tanridagli approved with 176.37 crore votes in favor (99.80%)
Total voting turnout stood at 75.21% of the 234.95 crore total outstanding shares
Promoter group, holding 145.45 crore shares, voted 100% in favor of both resolutions
Public institutional participation was high at 82.49% of their total 36.83 crore shareholding

💡 Monitor future board meetings for any strategic shifts or capital allocation plans, especially given the company's reported net loss of Rs 178.38 crore in the Dec 2025 quarter.

0% Royalty until March 2027; KWIL signs 3-year IP Agreement and Management Change

🟢 POSITIVE ⭐ 7/10

MANAGEMENT 📅 29 Jun 2026, 08:25 PM

Kwality Wall’s (India) Limited (KWIL) has entered into a strategic 3-year intellectual property agreement with Magnum IP Holdings B.V., securing a 0% royalty rate until March 31, 2027. This moratorium is designed to support the company's stabilization post-demerger, as it currently faces significant financial pressure with a net loss of 178.38 cr reported in Dec 2025. Following the holiday, royalty will be capped at 1% of turnover for FY28 and FY29. Concurrently, the company announced the cessation of Senior Management Personnel Rohit Jhunjhunwala effective July 1, 2026, and the appointment of a new Internal Auditor.

Royalty rate set at 0% until March 31, 2027, providing immediate cash flow relief.
Future royalty capped at 1% of turnover for FY 2027-28 and FY 2028-29.
Cessation of Mr. Rohit Jhunjhunwala as Senior Management Personnel effective July 1, 2026.
Appointment of Ms. Dimple Lalwani as Internal Auditor, bringing 13+ years of global experience.
Company reported a quarterly revenue of 223.41 cr and a net loss of 178.38 cr in Dec 2025.

💡 Monitor the company's path to profitability during the royalty-free period ending March 2027 and watch for the appointment of a successor for the senior management role.

0% Royalty until March 2027; KWIL signs 3-year IP Agreement with Magnum IP

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 29 Jun 2026, 08:25 PM

Kwality Wall’s (India) Limited (KWIL) has entered into a new three-year intellectual property agreement with Magnum IP Holdings B.V. ending March 31, 2029. The agreement provides a 0% royalty rate until March 31, 2027, followed by a 1% royalty on turnover for FY 2027-28 and FY 2028-29. This royalty moratorium is designed to support the company's stabilization efforts following its demerger, which is critical as the company reported a net loss of ₹178.38 cr in the December 2025 quarter. Additionally, the company announced the appointment of a new Internal Auditor and the cessation of a Senior Management Personnel.

0% royalty rate secured for the period ending March 31, 2027, providing immediate cost relief.
1% royalty on net sales of licensed products fixed for FY 2027-28 and FY 2028-29.
3-year agreement duration provides long-term clarity on intellectual property costs through March 2029.
Appointment of Ms. Dimple Lalwani as Internal Auditor effective July 1, 2026, to strengthen governance.
Cessation of Mr. Rohit Jhunjhunwala as Senior Management Personnel effective July 1, 2026.

💡 Monitor the company's operating margins in the coming quarters to see the benefit of the 0% royalty rate and track revenue growth ahead of the 1% royalty implementation in April 2027.

0% Royalty until March 2027; KWIL Signs New 3-Year IP Agreement with Magnum IP Holdings

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 29 Jun 2026, 08:18 PM

Kwality Wall’s (India) Limited (KWIL) has entered into a new three-year intellectual property agreement with Magnum IP Holdings B.V. through March 31, 2029. The agreement provides a royalty moratorium at 0% until March 31, 2027, to support the company's post-demerger stabilization, followed by a 1% royalty on turnover for FY28 and FY29. This structural change follows a Dec 2025 quarter where the company reported a net loss of Rs 178.38 cr. Additionally, the company announced the exit of Senior Management Personnel Rohit Jhunjhunwala and the appointment of a new Internal Auditor.

Royalty rate set at 0% until March 31, 2027, providing immediate relief to operating margins
Royalty rate fixed at 1% of net sales for FY 2027-28 and FY 2028-29
Agreement supersedes previous transitional arrangements with Unilever IP Holdings B.V.
Cessation of Rohit Jhunjhunwala as Senior Management Personnel effective July 1, 2026
Appointment of Ms. Dimple Lalwani as Internal Auditor for FY 2026-27

💡 Monitor upcoming quarterly results to see how the 0% royalty moratorium impacts the current net loss position (Rs 178.38 cr in Dec 2025) and track the transition of leadership roles.

KWIL Trading Window Closure from July 1, 2026, for Q1 FY27 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Jun 2026, 03:58 PM

Kwality Wall's (India) Limited has announced the closure of its trading window for designated persons starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are officially disclosed to the exchanges. Investors should note the company reported a significant net loss of ₹178.38 cr in the December 2025 quarter on revenue of ₹223.41 cr.

Trading window closure for designated persons begins on July 1, 2026
Closure is related to the financial results for the quarter ending June 30, 2026
Window to reopen 48 hours after the financial results become generally available information
Company previously reported a net loss of ₹178.38 cr for the quarter ended December 2025

💡 Watch for the upcoming announcement of the Board Meeting date where the Q1 FY27 financial results will be approved and released.

KWIL Promoter Magnum Ice Cream Declares Zero Pledged Shares for 145.44 Cr Equity Stake

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 09 Jun 2026, 12:40 PM

Magnum Ice Cream Company HoldCo 1 Netherlands B.V., a promoter entity of Kwality Wall's (India) Limited, has submitted its annual disclosure under SEBI Takeover Regulations. The promoter confirmed a holding of 1,45,44,12,858 shares as of March 31, 2026. Crucially, the filing declares that none of these shares are under any pledge or encumbrance, either directly or indirectly. This is a routine but essential compliance filing that confirms the financial stability of the promoter's position in the company.

Promoter entity holds a total of 1,45,44,12,858 equity shares in Kwality Wall's (India) Limited.
Declaration filed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Confirmed that 0% of the promoter's shareholding is encumbered or pledged.
The disclosure covers the status of holdings as of the financial year ending March 31, 2026.

💡 No immediate action is required as this is a routine annual compliance filing. Investors should take comfort in the fact that the promoter's massive stake remains unencumbered, indicating no immediate financial pressure at the promoter level.

KWIL Clarifies Significant Share Price Movement; Attributes it to Market Forces

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 06 Jun 2026, 07:42 PM

Kwality Wall's (India) Limited responded to BSE and NSE queries dated June 5, 2026, regarding recent volatility in its share price. The company stated that all material disclosures under Regulation 30 of SEBI (LODR) have been made within stipulated timelines. Management clarified that the price movement is purely market-driven and they have no undisclosed information that could impact the stock. The company, which was listed on February 16, 2026, reaffirmed its commitment to future disclosure obligations.

Response to BSE and NSE queries dated June 5, 2026, regarding significant price movement.
Company confirms all material information has been disclosed as per SEBI (LODR) Regulations.
Management attributes the price movement to market forces with no internal undisclosed events.
The company was recently listed on the exchanges on February 16, 2026.

💡 Investors should note that the company has denied any undisclosed material developments. The price movement appears speculative or market-driven, so caution is advised before trading on momentum alone.

KWIL Seeks Shareholder Approval for Appointment of Two Non-Executive Directors via Postal Ballot

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 29 May 2026, 07:12 PM

Kwality Wall’s (India) Limited (KWIL) has issued a Postal Ballot Notice to seek shareholder approval for the appointment of two Non-Executive Non-Independent Directors. The candidates, Mr. Abhijit Bhattacharya and Mr. Tahir Toloy Tanridagli, were previously appointed as Additional Directors on March 30, 2026. Shareholders as of the cut-off date of May 26, 2026, are eligible to vote on these ordinary resolutions. The remote e-voting period is scheduled to run from May 30, 2026, to June 28, 2026.

Proposed appointment of Mr. Abhijit Bhattacharya (DIN: 11638966) as Non-Executive Non-Independent Director.
Proposed appointment of Mr. Tahir Toloy Tanridagli (DIN: 11164403) as Non-Executive Non-Independent Director.
Remote e-voting window opens on May 30, 2026, at 9:00 AM and closes on June 28, 2026, at 5:00 PM.
The cut-off date for determining shareholder eligibility for voting was Tuesday, May 26, 2026.
Results of the postal ballot will be declared within two working days from the end of the e-voting period.

💡 Investors should review the professional backgrounds of the proposed directors in the explanatory statement and exercise their voting rights during the e-voting period. This is a routine governance matter and does not necessitate any immediate change in investment strategy.

KWIL Reports ₹3,688 Million Net Loss for FY26; Appoints Walker Chandiok as Statutory Auditors

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 20 May 2026, 05:54 PM

Kwality Wall's (India) Limited reported a net loss of ₹1,071 million for the quarter ended March 31, 2026, on revenue of ₹4,746 million. For the cumulative period from January 10, 2025, to March 31, 2026, the company recorded a total income of ₹22,456 million but incurred a substantial net loss of ₹3,688 million. The Board has approved the appointment of M/s. Walker Chandiok & Co. LLP as statutory auditors for a five-year term, subject to shareholder approval. Despite the heavy losses, the auditors have issued an unmodified opinion on the financial statements.

Total income for the period from Jan 10, 2025, to Mar 31, 2026, reached ₹22,456 million.
Net loss for the quarter ended March 31, 2026, stood at ₹1,071 million with a total comprehensive loss of ₹1,023 million.
Reported a basic and diluted Loss Per Share (LPS) of ₹1.57 for the full financial period.
M/s. Walker Chandiok & Co. LLP appointed as Statutory Auditors for a 5-year term until 2031.
Auditors issued an unmodified opinion on the financial results, confirming a true and fair view of the accounts.

💡 Investors should exercise caution as the company is currently loss-making with a significant net loss of ₹3,688 million in its initial reporting period. Monitor the company's upcoming quarterly performance to see if revenue growth can eventually offset high operational and exceptional costs.

Kwality Wall's (India) Reports ₹3,688 Million Net Loss; Appoints Walker Chandiok as Auditors

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 20 May 2026, 05:51 PM

Kwality Wall's (India) Limited reported a net loss of ₹3,688 million for its first major reporting period from January 10, 2025, to March 31, 2026. Total income for this period reached ₹22,456 million, but was offset by high operating expenses of ₹25,572 million and exceptional items totaling ₹1,139 million. The Board has recommended the appointment of M/s. Walker Chandiok & Co. LLP as statutory auditors for a five-year term starting from the 2026 AGM. Despite the bottom-line loss, the auditors have issued an unmodified opinion on the financial results.

Total income for the period Jan 2025 to Mar 2026 stood at ₹22,456 million.
Reported a net loss of ₹3,688 million with a basic EPS of ₹(1.57).
Total expenses reached ₹25,572 million, led by ₹9,662 million in other expenses and ₹7,898 million in material costs.
Exceptional items further impacted the bottom line by ₹1,139 million.
M/s. Walker Chandiok & Co. LLP appointed as Statutory Auditors for a 5-year term (2026-2031).

💡 Investors should exercise caution as the company is currently loss-making with high operational overheads. Monitor the management's strategy for margin improvement and the nature of exceptional items in upcoming quarters.

KWIL Reports ₹1,071 Million Net Loss for Q4 FY26; Re-appoints Statutory Auditors

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 20 May 2026, 05:38 PM

Kwality Wall's (India) Limited reported a net loss of ₹1,071 million for the quarter ended March 31, 2026, on a total income of ₹4,860 million. For the extended financial period from January 10, 2025, to March 31, 2026, the company recorded a total comprehensive loss of ₹3,640 million. Revenue from operations for the quarter stood at ₹4,746 million, while total expenses reached ₹6,115 million, driven by high material and other costs. The board also approved the re-appointment of Walker Chandiok & Co. LLP as statutory auditors for a five-year term.

Quarterly revenue from operations reached ₹4,746 million, with total income at ₹4,860 million.
Reported a net loss of ₹1,071 million for the quarter and ₹3,688 million for the full period since incorporation.
Total expenses for the quarter were ₹6,115 million, significantly exceeding total income.
Exceptional items of ₹177 million were recorded during the quarter, contributing to the pre-tax loss of ₹1,432 million.
Walker Chandiok & Co. LLP re-appointed as Statutory Auditors for a 5-year term until 2031.

💡 Investors should remain cautious as the company is currently reporting significant losses and high operational costs. Monitor the management's strategy for cost optimization and revenue growth in upcoming quarters to assess the path to profitability.

KWIL Shareholders Approve Appointment of Deputy MD, CFO, and Four Independent Directors

🟢 POSITIVE ⭐ 7/10

MANAGEMENT 📅 15 May 2026, 10:53 PM

Kwality Wall’s (India) Limited (KWIL) has successfully passed several key resolutions via postal ballot with overwhelming shareholder support. The company appointed Mr. Chitrank Goel as Deputy Managing Director and Mr. Prashant Premrajka as Executive Director & CFO, both receiving over 97.85% votes in favor. Additionally, four new Independent Directors were appointed to the board, and M/s. S.N. Ananthasubramanian & Co. was named as the Secretarial Auditor. This restructuring marks a significant step in formalizing the company's leadership and governance framework.

Mr. Chitrank Goel appointed as Deputy Managing Director with 97.86% shareholder approval
Mr. Prashant Premrajka appointed as Executive Director & CFO with 97.86% shareholder approval
Four Independent Directors including Ravindra Pisharody and Shukla Wassan joined the board via special resolutions
M/s. S.N. Ananthasubramanian & Co. appointed as Secretarial Auditors for the company
Total of 1,149,814 members were on record for the voting process which concluded on May 15, 2026

💡 Investors should view the high approval ratings for the new leadership and board as a sign of strong shareholder confidence. Monitor the new management's execution of growth strategies in the FMCG sector.

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