3M India Q2 profit down 17% at ₹158.4 crore on rupee slide, rising input costs
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓3M India reported a 17.2 per cent profit drop to ₹158.4 crore for the second quarter.
- ✓The company said the rupee slide and rising input costs hurt earnings.
- ✓Despite this, revenue grew 14.7 per cent to ₹1,452.49 crore.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Line
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Post-it notes and Scotch tape maker 3M India Ltd reported a 17.2 per cent year-on-year (y-o-y) decline in profit after tax (PAT) to ₹158.4 crore in the second quarter, compared with ₹191.3 crore in the corresponding quarter last year. The decline was attributed to the depreciation of the Indian rupee and input cost inflation amid the West Asia crisis.
Revenue for the quarter grew 14.7 per cent y-o-y to ₹1,452.49 crore, while profit before tax (PBT) declined 15.3 per cent. All four business segments — Safety and Industrial, Transportation and Electronics, Healthcare, and Consumer — reported revenue growth during the quarter.
Aseem Joshi, Managing Director, 3M India Ltd, said the company had recorded broad-based growth across its business segments.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Business Line
Read the full, original unfiltered story directly on the publisher's portal.