Net loss of Kwality reported to Rs 497.55 crore in the quarter ended March 2019 as against net profit of Rs 1.29 crore during the previous quarter ended March 2018. Sales declined 93.35% to Rs 113.65 crore in the quarter ended March 2019 as against Rs 1708.96 crore during the previous quarter ended March 2018.

For the full year,net loss reported to Rs 2947.58 crore in the year ended March 2019 as against net profit of Rs 71.11 crore during the previous year ended March 2018. Sales declined 68.93% to Rs 2089.23 crore in the year ended March 2019 as against Rs 6724.85 crore during the previous year ended March 2018.

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Kwality will hold a meeting of the Board of Directors of the Company on 28 May 2019.

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Kwality Ltd lost 1.41% today to trade at Rs 6.3. The S&P BSE FMCG Sector index is down 0.06% to quote at 11635.79. The index is up 0.97 % over last one month. Among the other constituents of the index, KRBL Ltd decreased 0.82% and Britannia Industries Ltd lost 0.64% on the day. The S&P BSE FMCG Sector index went up 10.66 % over last one year compared to the 15.66% surge in benchmark SENSEX.

Kwality Ltd has lost 6.94% over last one month compared to 0.97% gain in S&P BSE FMCG Sector index and 6.06% rise in the SENSEX. On the BSE, 13972 shares were traded in the counter so far compared with average daily volumes of 2.75 lakh shares in the past one month. The stock hit a record high of Rs 63.4 on 12 Apr 2018. The stock hit a 52-week low of Rs 4.63 on 12 Feb 2019.

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Kwality will hold a meeting of the Board of Directors of the Company on 14 March 2019.

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