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>Management indicated that decline in EBITDA/kg in FY22 was mainly on account of mix change in favour of spray-dried and increase in cost items like power &amp; fuel, freight etc. 30% of the contracts in the B2B business are on CIF basis.</li></ul><div><div><div><ul><li>Small packs capacity expansion (increase by &gt;3x) has been completed and management believes that ~50% capacity would be utilized for captive purposes while the rest will be used for exports.</li></ul><div><div><div><div><ul><li>Demand for freeze-dried coffee remains soft on account of downtrading in different regions globally and capacity addition at the industry level.</li></ul></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>

Management indicated that decline in EBITDA/kg in FY22 was mainly on account of mix change in favour of spray-dried and increase in cost items like power &amp; fuel, freight etc. 30% of the contracts in the B2B business are on CIF basis.Small packs capacity expansion (increase by &gt;3x) has been completed and management believes that ~50% capacity would be utilized for captive purposes while the rest will be used for exports.Demand for freeze-dried coffee remains soft on account of downtrading in different regions globally and capacity addition at the industry level.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.

CCL Products (India) - Spray-Dried Demand Visibility Remains Strong

CCL Products India

CCL Products (India) - Spray-Dried Demand Visibility Remains Strong