Kwality Wall’s reports revenue of US$103M in Q1 2027

INDIA – Kwality Wall’s has reported 16.6% organic sales growth for the quarter ended June 30, 2026, with underlying volume growth rising 14.9%.

Delivering its first full quarterly performance as an independent listed entity following its demerger from Hindustan Unilever and subsequent stock exchange listing in February 2026, the company recorded total revenues of US$103.9 million (₹8,678 million) with organic price growth at 1.5%.

EBITDA before exceptional items reached US$12.56 million (₹1,049 million), with margins expanding 166 basis points year-on-year to 12.1%.

Gross margin improved to 45.6%, driven by a favourable product mix and disciplined pricing strategies that offset elevated input costs. Chitrank Goel, Deputy Managing Director, noted that the performance was “powered by premiumization and our occasion-led demand creation model”.

Kwality Wall’s said its growth during the quarter was supported by innovation intensity, premiumisation and an occasion-led demand creation model.

The company introduced more than 31 innovations and renovations during the first six months, expanding its portfolio across premium and everyday snacking segments.

At the premium end, the company launched Magnum Caramel Pop, Magnum Pistachio and Cornetto Almond Crunch.

It is also scaling its Kulfeez portfolio and extending it to Quick Commerce, as it looks to capture demand across different consumption occasions and consumer preferences.

Chitrank Goel, Deputy Managing Director, Kwality Wall’s (India), said the company’s performance was “powered by premiumization and our occasion-led demand creation model.”

He added that the company continues to invest in its leading brands, including Cornetto, Kwality Wall’s and Magnum, to strengthen consumer preference.

Outlook

Kwality Wall’s said seasonality will remain an inherent feature of the ice cream business, but it intends to maintain its growth momentum through innovation, new consumption occasions and expanded consumer reach.

The company also plans to maintain cost discipline while driving productivity across its value chain.

For the newly listed ice cream company, the Q1 performance pointed to a strategy built around stronger brands, premiumisation, continuous product innovation and an increasingly omnichannel route to consumers — with Quick Commerce emerging as an important growth channel alongside the traditional retail network.

Goel said the company remains committed to volume-led growth and creating sustainable long-term value, while continuing to invest in the brands and distribution capabilities it believes will drive its next phase of expansion.

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