Highlights:
- 3M India Limited registers Topline growth (Standalone and Consolidated) on QoQ (sequential) and QoQ (previous Year) basis.
- Standalone EBITDA grew by 94% QoQ (sequential) and Consolidated EBITDA grew by 80% QoQ (sequential) basis.
- All segments (standalone & Consolidated) grew on QoQ (sequential) and QoQ (previous year) basis.
- Cost headwinds and supply chain volatility continues to be a challenge.
Commenting on the quarterly and half yearly results, Mr. Ramesh Ramadurai, Managing Director of 3M India Limited, said “I thank our employees and business partners for their strong support during the quarter. With their commitment, the Company has been able to serve our customers effectively. This was particularly commendable as we were all recovering from the impact of the COVID second wave. While revenue growth has seen sequential improvement and stabilization during the quarter, cost headwinds and supply chain volatility continue to be a challenge. The Company is mitigating some of the impact through price actions and prudent cost management actions.”
