Kwality Walls Q1 margin trails FMCG peers by 4.33 points
Standalone profit included Rs 15.0 cr of other income against Rs 67.7 cr of pre-tax profit; the results were filed after market close.
Filed 14 Aug 2026, 21:06 IST · after market close · Kwality Walls India Ltd (KWIL)
Key takeaways
- Kwality Walls’ standalone operating margin of 11.77% was 4.33 percentage points below the 16.10% median for 45 FMCG peers.
- Standalone net profit was Rs 50.7 cr, with Rs 15.0 cr of other income contributing to pre-tax profit of Rs 67.7 cr.
- Operating profit of Rs 103.4 cr was reduced by Rs 10.4 cr of interest and Rs 40.3 cr of depreciation before tax.
Price around the results
Other income was a meaningful part of standalone profit
The standalone business generated operating profit of Rs 103.4 cr, but interest of Rs 10.4 cr and depreciation of Rs 40.3 cr brought pre-tax profit down to Rs 67.7 cr. Other income of Rs 15.0 cr therefore formed a notable part of the pre-tax result, which limits the extent to which net profit of Rs 50.7 cr reflects operating earnings alone.
Operating margin remains below the FMCG peer set
Kwality Walls’ operating margin was 11.77%, compared with a 16.10% median among 45 Fast Moving Consumer Goods companies that had reported the same quarter. Its margin was 4.33 percentage points below that median and ranked 14th from the bottom.
No sequential, year-on-year or reaction read yet
The standalone filing contains no sequential or year-on-year comparison in this results set, so the quarter’s direction and multi-quarter margin trend cannot be assessed here. The company filed the results after market close on 14 August 2026, leaving no post-results stock reaction to assess.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹878 cr |
| Other income | ₹15 cr |
| Expenses | ₹775 cr |
| Operating profit | ₹103 cr |
| Operating margin (%) | 11.77% |
| Interest | ₹10 cr |
| Depreciation | ₹40 cr |
| Profit before tax | ₹68 cr |
| Tax | ₹17 cr |
| Net profit | ₹51 cr |
| EPS (₹) | ₹0.22 |
Operating margin of 11.77% compares with a Fast Moving Consumer Goods sector median of 16.10% across 45 peers that have reported Q1FY27.
What to watch
- Whether standalone operating margin moves from 11.77% in the next reported quarter.
- Whether other income remains at Rs 15.0 cr relative to pre-tax profit.
- Whether interest and depreciation remain near Rs 10.4 cr and Rs 40.3 cr, respectively.