3M India Q1 Evaluation – Robust Efficiency In-Spite Of Inflationary Pressures, Rupee Depreciation: ICICI Securities


BQ Prime’s particular analysis part collates high quality and in-depth fairness and economic system analysis studies from throughout India’s prime brokerages, asset managers and analysis businesses. These studies provide BQ Prime’s subscribers a possibility to develop their understanding of corporations, sectors and the economic system.

3M India Ltd. reported wholesome income development of 26.8% YoY, led by robust print throughout all segments. Nevertheless, three-year income compound annual development charge was tad underwhelming at simply 5.5%.

Amid enter materials inflation, supply-chain challenges and rupee depreciation, well timed value hikes and different cost-saving initiatives helped 3M India to develop its gross and Ebitda margins by 299 foundation factors and 591 bps YoY, respectively.

We notice all segments (excluding security and industrial) reported sequential income development as nicely. We stay optimistic on 3M India as a consequence of aggressive benefits like robust manufacturers, established distribution community and world relationships with giant producers, and entry to mother or father’s expertise pool.

Click on on the attachment to learn the complete report:


This report is authored by an exterior get together. BQ Prime doesn’t vouch for the accuracy of its contents neither is answerable for them in any manner. The contents of this part don’t represent funding recommendation. For that you will need to at all times seek the advice of an skilled primarily based in your particular person wants. The views expressed within the report are that of the writer entity and don’t symbolize the views of BQ Prime.

Customers don’t have any license to repeat, modify, or distribute the content material with out permission of the Unique Proprietor.

Supply hyperlink


Please enter your comment!
Please enter your name here

Share post:



More like this

Flames’ Huberdeau hits new low level with third-period benching

CALGARY — Amidst a third-period comeback that gave...

Seth Meyers Cannot Consider This Trump Trial Stunt

Seth Meyers on Tuesday mocked former President Donald...

‘The Marvels’ First Reactions Reward Brie Larson’s MCU Return, Runtime

Marvel has lastly unveiled its newest tentpole, “The...