KWIL Makes Weak Stock Market Debut on NSE and BSE
New Delhi, February 16 Shares of Kwality Wall's India Ltd made a subdued entry into the stock market on Monday, listing at a sharp discount following the demerger of the ice cream business from Hindustan Unilever Ltd.On the NSE, the stock debuted at ₹29.80 per share, marking a 25.87 per cent decline from the indicative price of ₹40.20. On the BSE, it opened at ₹29.90, down 21.6 per cent compared with the indicative price of ₹38.15 per share.
Despite the weak start, the stock recovered modestly during trade. It later rose to ₹31.27 per share, gaining 4.93 per cent on the NSE and 4.58 per cent on the BSE from its listing price.
Market Capitalisation and Broader Market Movement
Following its listing, Kwality Wall's India Ltd commanded a market capitalisation of ₹7,373.02 crore on the BSE and ₹7,333.07 crore on the NSE.Meanwhile, the broader equity markets traded in positive territory. The 30 share BSE Sensex rose 93.97 points, or 0.11 per cent, to 82,720.73, while the NSE Nifty advanced 37.60 points, or 0.15 per cent, to 25,508.70.
Demerger From HUL Becomes Effective
The listing marks a key milestone for Kwality Wall's India as an independent, publicly listed entity following the demerger of Hindustan Unilever's ice cream business. The demerger received approval from the National Company Law Tribunal and became effective on December 1, 2025.Under the approved scheme, shareholders of Hindustan Unilever Ltd as on the record date of December 5, 2025 received one equity share of Kwality Wall's India Ltd for every one equity share held in HUL.
Company Statement on Independent Listing
The company described the listing as a defining moment in its corporate journey. As a standalone entity, it said it would pursue a sharper focus, adopt a faster innovation approach, and strengthen its front line execution.With access to a strong portfolio of established brands and deep local market understanding, the company stated that it is positioned to scale the category and drive sustainable long term growth.
Brand Portfolio and Strategic Developments
Following the completion of the demerger and listing, Kwality Wall's India emerged as one of India's leading ice cream and frozen dessert companies. Its portfolio includes globally recognised brands such as Cornetto, Magnum, and Twister, supported by a 70 year legacy in the category.Earlier in June 2025, a share purchase agreement was signed between Unilever shareholders and Magnum Ice Cream Company HoldCo 1 Netherlands BV for the acquisition of all shares in Kwality Wall's India Ltd held by the Unilever shareholders, representing a controlling stake.
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.