outcome of the Board meeting held on 6th March, 2026
KWIL · price
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Kwality Wall's (India) Limited, the newly demerged ice cream entity from Hindustan Unilever, reported its first quarterly results after listing on BSE and NSE on 16 February 2026. Total income for Q3 FY26 (Oct–Dec 2025) stood at Rs. 223.43 crore, down sharply from Rs. 321.73 crore in the preceding quarter ended 30 September 2025. The company posted a net loss of Rs. 178.38 crore for the quarter, widening from Rs. 100.16 crore in Q2, and a cumulative loss of Rs. 261.27 crore for the period 10 January 2025 to 31 December 2025. Loss per share was Rs. 0.76 for the quarter and Rs. 1.11 for the period. The quarter was impacted by exceptional items of Rs. 93.70 crore, including Rs. 46.47 crore impairment of a discontinued brand, Rs. 27 crore PPE impairment, and Rs. 7.65 crore interest on indirect tax litigation. Revenue and cost numbers for the period include the ice cream business demerged from HUL, effective 1 December 2025. The Magnum Group has launched an open offer to acquire 26% (about 61.09 crore shares) from public shareholders.
Heavy losses and large exceptional charges in the first reported quarter are a negative signal for near-term investor sentiment, though much of the loss is driven by one-time demerger and brand-impairment costs rather than core operations. Shareholders should watch whether revenue stabilises and operating margins improve in coming quarters as the standalone Kwality Wall's business runs independently under Magnum Group ownership.