BUZZ-Kwality Wall's (India) falls after quarterly loss widens sequentially
Reuters03-09 15:25
BUZZ-Kwality Wall's (India) falls after quarterly loss widens sequentially
** Shares of Kwality Wall's (India) KWAI.NS fall 5.9% to 24.75 rupees, set to drop for a fourth consecutive session, if losses hold
** The ice cream maker's December-quarter net loss widens to 1.78 billion rupees ($19.3 million), from September-quarter loss of 1 billion rupees
** Sales of products for December quarter drop 30.2% Q/Q to 2.22 billion rupees
** KWAI said third-quarter FY26 growth was muted due to prolonged monsoon conditions and goods and services tax transition-related impact
** KWAI down ~17% since its listing on February 16 post demerger from Hindustan Unilever HLL.NS
($1 = 92.2550 Indian rupees)
(Reporting by Vijay Malkar)
((VijayDattaram.Malkar@thomsonreuters.com;))
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