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Italian Edibles Limited IPO Review

Italian Edibles Limited IPO was engaged in Italian Edibles has been a prominent figure in the confectionery industry for more than 15 years. Their dedication to quality and flavor is evident in Their renowned "Military mail" brand, which has helped introduce milk paste to the Indian market. They prioritize quality control by thoroughly checking Their raw materials, work-in-progress items, and finished products. They've set up internal processes to maintain quality at every step of production, starting from getting Their raw materials, all the way through making Their products, and storing them in Their inventory.

Their mission is to offer top-notch confectionery treats to their customers at great prices. Their goal is to maintain their reputation as pioneers in creating distinctive items, such as their beloved Milk Paste, and to bring joy with every delicious bite. Their vision is At Italian Edibles, they aim to be known as the leading confectionery maker and exporter, setting the bar for the industry and motivating others. They work hard to be the preferred option for confectionery shoppers across India.

Italian Edibles Limited Products and Services

They make sure their products meet high-quality standards from start to finish. This includes carefully selecting,th processing, making, packing, and delivering them. They only use top-notch ingredients in their products. They're committed to maintaining strict quality control at every step of production in their own facilities. They understand that quality is essential for happy customers who keep coming back for more. They've built strong partnerships with their suppliers to ensure they get the raw materials they need efficiently and on time. This helps them stay ahead by ensuring they can manufacture and deliver their products promptly to their customers. Ultimately, this adds extra value to their customers by providing them with timely and reliable service.

Their Strengths are well Established Brand name and goodwill amongst market players, Consistent focus on quality, well established relationships with their suppliers and wide channel of sales and distribution network, Diversified Product Portfolio, Experienced promoter and management team. their Business Strategy are Setting up of new manufacturing unit, Sustain their focus on semi urban and rural markets, well established relationships with their suppliers and wide channel of sales and distribution network, Focus on consistently meeting quality standards.

Financial Overview

In terms of financial performance, over the past three fiscal years, In FY21, the company recorded a total income of Rs. 48.99 crore and a net profit of Rs. 0.87 crore, In FY22, the total income was Rs. 75.45 crore, with a net profit of Rs. 0.80 crore, In FY23, the total income amounted to Rs. 63.30 crore, and the net profit stood at Rs. 2.64 crore. The company sells sources and food products. It has shown irregular sales but unexpectedly high profits since FY23. Looking at the estimated earnings for FY24, the IPO seems expensive. The recent success might not be genuine. The company operates in a tough market with many competitors. It might be best to avoid investing in this IPO.