Announced Mon, 6 Jul · 14:24 IST

Kwality Wall's parent opens new R&D and innovation centre in Bengaluru

KWIL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-5.9%1-day move
₹33.95
prior close
₹33.08
base price
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+0.1+0.0+0.1+0.0-5.9-5.7-3.5-3.3-4.1-2.8-7.2
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AI summary

Kwality Wall's India announced that its parent, The Magnum Ice Cream Company, has opened a new 13,000 sq ft Research, Design and Innovation centre in Whitefield, Bengaluru. The facility has a modern laboratory and a digitally enabled pilot plant focused on brands like Kwality Wall's, Cornetto, Magnum, Carte D'Or, Feast and Twister. It will support product, packaging, sensory and cold-chain testing for Indian market conditions and collaborate with TMICC's global centres in Colworth, UK and Istanbul, Turkey.

Likely market impact

Strengthens innovation pipeline and speed to market in India. Signals long-term commitment to the category, no immediate financial impact.