ITALIANE
ITALIANE financials
- Market cap
- ₹46 Cr
- Sector
- Fast Moving Consumer Goods
Quarterly results
Q4 FY26: revenue up 43.1%, net profit up 7.1% against the same quarter last year.
| Line item | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 32 | 36 | 38 | 42 | 43 +34% | 46 +27% | 54 +43% |
| EBITDA | 4 | 4 | 4 | 4 | 3 −25% | 5 +20% | 3 −17% |
| Net profit | 2 | 2 | 1 | 2 | 1 −33% | 3 +46% | 1 +7% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −15.8% 1Y
1Y: ₹36.8 on 15 Sept 2025 → ₹31. High ₹48.3 (2 Mar 2026), low ₹24.1 (29 Jan 2026).
Balance sheet
| Year ending | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr |
| Reserves | ₹4 Cr | ₹6 Cr | ₹10 Cr | ₹26 Cr | ₹29 Cr | ₹33 Cr |
| Borrowings | ₹25 Cr | ₹18 Cr | ₹17 Cr | ₹17 Cr | ₹21 Cr | ₹38 Cr |
| Other liabilities | ₹9 Cr | ₹13 Cr | ₹13 Cr | ₹12 Cr | ₹15 Cr | ₹23 Cr |
| Total liabilities | ₹39 Cr | ₹39 Cr | ₹42 Cr | ₹70 Cr | ₹80 Cr | ₹108 Cr |
| Fixed assets | ₹6 Cr | ₹5 Cr | ₹4 Cr | ₹10 Cr | ₹7 Cr | ₹7 Cr |
| Capital work in progress | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹1 Cr | ₹13 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹33 Cr | ₹33 Cr | ₹37 Cr | ₹60 Cr | ₹71 Cr | ₹88 Cr |
| Total assets | ₹39 Cr | ₹39 Cr | ₹42 Cr | ₹70 Cr | ₹80 Cr | ₹108 Cr |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
The ownership split has held steady since Mar 2025. The shareholder count shrank 13% to 1,233.
- Promoters
- 73.5%
- Public
- 26.5%
Since Mar 2025
- Promoters 0.00 pp
- FIIs 0.00 pp
- Public 0.00 pp
How it drifted, 5 quarters
Ownership split by quarter, oldest first. Mar '24: Promoters 73.5%, FIIs 0.0%, Public 26.5%.Sep '24: Promoters 73.5%, Public 26.5%.Mar '25: Promoters 73.5%, Public 26.5%.Sep '25: Promoters 73.5%, Public 26.5%.Mar '26: Promoters 73.5%, Public 26.5%.
Who is on the register
Named in the Mar 2026 filing
Every holder of ITALIANE above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Akshay Makhija | 37.65% | unchanged |
| Ajay Makhija | 35.82% | unchanged |
| Nishma Vaswani | 0.00% | unchanged |
| Jatin Vaswani | 0.00% | unchanged |
| Anjali Makhija | 0.00% | unchanged |
| Meenakshi Makhija | 0.00% | unchanged |
| Sudhir Vaswani | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- -8.0% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse ITALIANE
Guides on how to read this kind of business and the numbers that matter.