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

Tata Consumer Products / Equity Bottom-Up

<div><div><div><div><ul><li>Revenue growth drivers: The company expects low-to-mid single-digit growth in its international business while in the domestic business, the company anticipates double-digit growth</li></ul><div><div><div><div><ul><li>Distribution: Direct reach now stands at ~1.3mn outlets with a total numeric reach of ~2.7mn outlets.</li></ul><div><div><div><div><ul><li>Innovations: Innovations continue to see an improvement. TCPL started FY22 with innovations contributing 0.9% to sales, which has now increased to 2.7% while exiting the year.</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>

Revenue growth drivers: The company expects low-to-mid single-digit growth in its international business while in the domestic business, the company anticipates double-digit growthDistribution: Direct reach now stands at ~1.3mn outlets with a total numeric reach of ~2.7mn outlets.Innovations: Innovations continue to see an improvement. TCPL started FY22 with innovations contributing 0.9% to sales, which has now increased to 2.7% while exiting the year.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.

Tata Consumer Products Ltd. - Continues to Make Progress on Strategic Priorities