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3M India Posts 27% Q4 Rise

3M India Posts 27% Q4 Rise

Bangalore – based 3M India, the Indian subsidiary of  3M Co, reported a 27 percent  increase in quarterly profit, and 5 percent increase in revenue. aided by strong demand across its healthcare equipment, transportation, and electronics segments.

The company’s shares surged 11.8% in response. The healthcare segment, which manufactures surgical supplies and medical component tapes, saw a 19% revenue increase. This growth was driven by rising healthcare needs in India due to the country’s growing population.

Additionally, Reuters notes that 3M India announced a dividend of 160 rupees per share and a special dividend of 525 rupees per share. The strong financial performance of 3M India aligns with the better-than-expected profit reported by its parent company, 3M Co, in the March quarter, driven by higher sales in its electronics unit.

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