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Kwality Wall's Shares Tumble After First Results
9 Mar
Summary
- Kwality Wall's reported a net loss of ₹178.38 crore for Q3 FY26.
- Exceptional charges of ₹93.70 crore significantly impacted the bottom line.
- Management cited monsoon and GST transition as key headwinds.
Kwality Wall's (India) Ltd experienced a significant share price drop of 2.89% on Monday, closing at ₹25.54. This decline followed the company's release of its Q3 FY26 financial results on March 6, marking its first earnings report since its demerger from Hindustan Unilever Ltd in December 2025.
The company announced a net loss of ₹178.38 crore for the quarter ended December 31, 2025. Revenue stood at ₹223.43 crore, with organic sales declining by 6.5% year-on-year, despite a slight 1.2% increase in volumes.
Exceptional charges amounting to ₹93.70 crore, including brand impairment and one-off costs, heavily influenced the reported loss. EBITDA loss before these exceptional items was ₹64.2 crore. Management highlighted prolonged monsoon and GST transition as key challenges, though flagship brands like Magnum and Cornetto maintained mid-single digit volume growth. The in-home portfolio is slated for a relaunch ahead of the 2026 season, with management anticipating improved momentum.
