Outcome of the Board Meeting held on 20th May, 2026
KWIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kwality Walls (India) Ltd reported audited financial results for the period 10th January 2025 to 31st March 2026. The company posted total income of Rs 22,456 million but recorded a net loss of Rs 3,688 million for the period, with Q4 loss at Rs 1,071 million. The company was incorporated on 10th January 2025 and came into existence through demerger of Hindustan Unilever's Ice Cream Business, listed on BSE/NSE on 16th February 2026. Magnum Ice Cream HoldCo 1 Netherlands B.V acquired 61.91% stake and is now classified as a promoter. Statutory auditors Walker Chandiok & Co. LLP issued an unmodified opinion and have been appointed for a 5-year term subject to shareholder approval.
The company is currently loss-making following its demerger from HUL, with significant start-up costs and finance charges weighing on profitability. The Magnum acquisition and promoter classification signals new ownership control. The clean audit opinion provides assurance on financial reporting quality.