Kwality Walls India
- P/E
- Not meaningful: loss-making over the last twelve months
Key Fundamentals
MicrocapFood ProductsFMCGPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- —
- Debt to Equity
- 0.00
- EPS (TTM)
- −₹21.03
- Book Value
- ₹2.86
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 13.92
- ROE
- −1.01%
- Dividend Yield
- 0.00%
- EBITDA
- −₹2.40 Cr
- 52W High
- ₹50.68
- 52W Low
- ₹22.24
- Volume
- 0
Peer Comparison
Fast Moving Consumer Goods › FMCG › Dairy Products
| ₹1,046.20 | 63.79 | ₹23,626 Cr | 11.81 | 0.97% | 19.20% | 15.20% | ₹10,413 Cr | ₹366 Cr | |
| ₹302.55 | 84.04 | ₹22,941 Cr | 10.06 | 0.00% | 31.60% | 13.60% | ₹3,765 Cr | ₹235 Cr | |
Kwality Walls (this company) | ₹39.82 | — | ₹8,971 Cr | 13.92 | 0.00% | −1.01% | — | ₹1,909 Cr | −₹334 Cr |
| ₹985.95 | 24.30 | ₹6,129 Cr | 3.45 | 0.49% | 16.40% | 16.70% | ₹4,316 Cr | ₹246 Cr | |
| ₹7,377.50 | 24.21 | ₹5,347 Cr | 5.77 | 0.23% | 19.60% | 22.00% | ₹1,676 Cr | ₹219 Cr | |
| ₹370.65 | 30.06 | ₹3,435 Cr | 3.03 | 0.68% | 12.60% | 14.80% | ₹4,934 Cr | ₹115 Cr | |
| ₹291.98 | 28.21 | ₹3,370 Cr | 3.01 | 0.44% | 12.10% | 13.40% | ₹3,911 Cr | ₹130 Cr | |
| Median 7 companies | ₹370.65 | 29.14 | ₹6,129 Cr | 5.77 | 0.44% | 16.40% | 15.00% | ₹3,911 Cr | ₹219 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Key Insights
No strengths listed
Weaknesses
2- Stock is trading at 12.6 times its book value
- Company has low interest coverage ratio.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 3 | 7 | 9 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bullish | 1 | 2 | 7 |
Oscillators
Neutral
Overall
Bullish
Moving Averages
Strong Bullish
Key readings
- RSI (14)
- 58.54
- Neutral
- MACD (12,26,9)
- −0.42
- Bullish
- SMA (50)
- 40.04
- Bearish
- SMA (200)
- —
- Neutral
As of
Growth Rate
Annual windows: The latest fiscal year is not twelve months long, so it does not compare with earlier years.
Trailing twelve months: Fewer than eight quarters are reported, so there is no trailing-twelve-month figure.
AI Analysis — Bull vs Bear
Kwality Walls India Ltd (KWIL) is a recently demerged pure-play ice cream entity from Hindustan Unilever, now majority-owned (61.9%) by The Magnum Ice Cream Company. The company reported FY26 annual sales of approximately ₹2,245 Cr but posted a net loss of ₹368.8 Cr (EPS of -₹1.57), trading at a P/E of -24x and P/B of 10.57x with a market cap of ~₹7,157 Cr.
- Pure-play exposure to India's ice cream market, which is one of the world's fastest-growing, with KWIL holding ~9% retail value share as the second-largest player
- Backed by The Magnum Ice Cream Company (TMICC) which acquired a 61.9% controlling stake, bringing global ice cream expertise and brand portfolio including Magnum, Cornetto, and Feast
- FY26 annual revenue of ₹2,245 Cr demonstrates meaningful scale in the organized ice cream segment
- Q4 FY26 sequential revenue recovery to ₹485.7 Cr from ₹223.4 Cr in Q3 FY26, a 117% QoQ improvement reflecting seasonal strength and operational stabilization
- Post-demerger strategic independence allows focused capital allocation, deeper distribution, and sharper pricing strategies specific to ice cream
- India's per-capita ice cream consumption remains well below global averages, indicating a long runway for volume growth in the organized segment
- Net loss of ₹368.8 Cr in FY26 with negative operating profit of -₹109.9 Cr, indicating the business is currently unprofitable at the operating level
- Stock trades at 10.57x book value despite negative earnings, implying valuation is entirely dependent on future turnaround with no current earnings support
- Net losses widened progressively through FY26 — Q1: -₹19.9 Cr, Q2: -₹100.2 Cr, Q3: -₹178.4 Cr — showing deteriorating trend before Q4
- Low interest coverage ratio with interest expenses of ₹29.7 Cr against negative operating profit, raising debt servicing concerns with debt-to-equity at 0.81x
- Zero dividend yield with no near-term prospect of payouts given accumulated losses
- 9M FY26 cumulative net loss of ₹261.3 Cr and exceptional items of ₹113.8 Cr indicate significant restructuring and transition costs post-demerger
- Competitive pressure from Amul (19% market share vs KWIL's 9%) and other regional dairy players who have cost advantages in milk procurement
- ROE of -1% (last year) and ROCE of 0% indicate capital is currently being destroyed rather than generating returns for shareholders
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
TL;DR: KWIL benefits from parent company investment in a dedicated 13,000 sq ft R&D facility in Bengaluru, signaling commitment to product innovation and premiumization. No headwinds surfaced in the current news cycle. The R&D push could strengthen the product pipeline over the medium term, but tangible revenue impact remains to be seen.
- New R&D centre in Bengaluru Jul 06
Magnum Ice Cream Company opened a 13,000 sq ft Research, Design & Innovation Centre in Bengaluru to accelerate product innovation for Kwality Wall's and Magnum brands.
Quarterly Results
₹ Cr| Particulars | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Sales | 757 | 322 | 223 | 486 | 878 |
| Expenses | 680 | 378 | 288 | 564 | 775 |
| Operating Profit | 78 | −56 | −64 | −78 | 103 |
| OPM % | 10% | −17% | −29% | −16% | 12% |
| Other Income | 0 | −2 | −94 | −18 | 15 |
| Interest | 5 | 5 | 7 | 9 | 10 |
| Depreciation | 35 | 36 | 38 | 38 | 40 |
| PBT | 38 | −99 | −203 | −143 | 68 |
| Tax % | 0% | 1% | −12% | −25% | 25% |
| Net Profit | 38 | −100 | −178 | −107 | 51 |
| EPS (₹) | 7.52 | −20.03 | −0.76 | −0.46 | 0.22 |
Profit & Loss
₹ Cr| Particulars | Mar 2025 3m | TTM |
|---|---|---|
| Sales | 0 | 1,909 |
| Expenses | 0 | 2,005 |
| Operating Profit | 0 | −96 |
| OPM % | — | −5% |
| Other Income | 0 | −99 |
| Interest | 0 | 32 |
| Depreciation | 0 | 152 |
| PBT | 0 | −378 |
| Tax % | 0% | — |
| Net Profit | 0 | −335 |
| EPS (₹) | −0.01 | −21.03 |
| Div. Payout % | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2025 |
|---|---|
| Equity Capital | 5 |
| Reserves | 0 |
| Borrowings | 0 |
| Other Liabilities | 0 |
| Total Liabilities | 5 |
| Fixed Assets | 0 |
| CWIP | 0 |
| Investments | 0 |
| Other Assets | 5 |
| Total Assets | 5 |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Kwality Walls insights
19 extracted metrics across FY25–FY27.
Documents
- 14 Aug 2026
Frequently Asked Questions about Kwality Walls India
What does Kwality Walls India Ltd do?
Where is Kwality Walls India Ltd (KWIL) listed?
Which sector does Kwality Walls India Ltd belong to?
What is the 52-week high and low of Kwality Walls India Ltd?
What is the Return on Equity (ROE) of Kwality Walls India Ltd?
Company Information
Kwality Wall’s (India) Limited (KWIL) is an ice cream and frozen dessert company, offering brands including Kwality Wall’s, Magnum, and Cornetto, etc. It operates nationally with presence in 400+ cities and reaching to more than 200,000 outlets and 15,000 plus push carts.
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