Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

A Relationship Beyond Broking

External broker reports(aggregated public sources), Nirmal Bang

External broker reports(aggregated public sources)

Equity Bottom-Up

<div><div><div><div><ul><li>4QFY22 performance: Gross margin, EBITDA and PAT outperformed our estimates significantly though revenue came in short due to higher-than-expected impact of Omicron in the initial part of the quarter (see table below)</li></ul><div><div><div><div><ul><li>Sales were up 7% over 4QFY20 and could have been 11-12% had it not been for the third covid wave in January 2022. The EBTIDA margin surprise could have been a lot larger had the lost sales come through.</li></ul><div><div><div><div><ul><li>Bata being recognized as a sneaker destination: BIL’s sneaker portfolio continues to outperform all other products.</li></ul></div></div></div></div></div></div></div></div></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

4QFY22 performance: Gross margin, EBITDA and PAT outperformed our estimates significantly though revenue came in short due to higher-than-expected impact of Omicron in the initial part of the quarter (see table below)Sales were up 7% over 4QFY20 and could have been 11-12% had it not been for the third covid wave in January 2022. The EBTIDA margin surprise could have been a lot larger had the lost sales come through.Bata being recognized as a sneaker destination: BIL’s sneaker portfolio continues to outperform all other products.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bata India - FY25 Revenue Goal Implies Significant Acceleration

Bata India Ltd

Bata India - FY25 Revenue Goal Implies Significant Acceleration