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

<ul><li>As per an update released by Marico Ltd (MRCO) on 5th April2022, the FMCG sector continued to witness subdued consumption patterns, primarily on account of weak rural sentiments and persistent inflation in global commodities.</li><li>Inflation, accompanied by price hikes implemented across FMCG categories, affected consumer wallets and eventually resulted in decline in FMCG volume.</li><li>Despite stressed macros, MRCO’s domestic business (~75% of topline) saw low single-digit revenue growth on the back of focused execution and market share gains</li></ul><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>

As per an update released by Marico Ltd (MRCO) on 5th April2022, the FMCG sector continued to witness subdued consumption patterns, primarily on account of weak rural sentiments and persistent inflation in global commodities.Inflation, accompanied by price hikes implemented across FMCG categories, affected consumer wallets and eventually resulted in decline in FMCG volume.Despite stressed macros, MRCO’s domestic business (~75% of topline) saw low single-digit revenue growth on the back of focused execution and market share gainsContent 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.

Marico Ltd: Inflation and Weak Rural Sentiments Weigh on Near-Term Delivery