Kwality Wall's India wins zero-royalty window from Magnum through FY27
Post-demerger, Kwality Wall's (India) has signed a three-year IP pact with parent Magnum securing a 0% royalty moratorium until March 2027 to fund investment, before stepping up to 1% of net sales in FY28 and FY29.
Kwality Wall's (India) signed a three-year IP agreement with parent Magnum, securing a 0% royalty moratorium until March 2027 to fund post-demerger investments, rising to 1% of net sales in FY28-FY29.
Why this matters
Following its demerger, Kwality Wall's (India) locks in a royalty holiday that protects margins and capital for reinvestment before the planned 1% step-up in FY28-FY29.
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