3M India Limited operates in the Adhesives and sealants sector.
In addition to historical fundamental analyses, the complete report available to purchase compares 3M India Limited with three other
chemical manufacturers in Asia:
Cemedine Co., Ltd.
of JAPAN
(2021
sales of 25.76 billion Japanese Yen [US$227.46 million]
of which 100%
was Adhesives and Sealants),
Luxking Group Holdings Ltd
of CHINA
(508.53 million Chinese Renmimbi [US$79.11 million]
), and
Soken Chemical & Engineering Co Ltd
which is
based in JAPAN
(31.49 billion Japanese Yen [US$278.09 million]
of which 90%
was Chemicals Sector).
Sales Analysis.
Sales were up sharply during the first
fiscal
quarter of 2022 versus the previous year's first quarter.
During the first
fiscal
quarter of 2022, sales at 3M India Limited totalled
7.44 billion Indian Rupees .
This is
an increase of 114.9%
from the 3.46 billion Indian Rupees in sales at the company during the first quarter of 2021.
This was the biggest same quarter rise in sales at 3M India Limited in the previous 34 quarters.
3M India Limited reported sales of 26.05 billion Indian Rupees (US$345.92 million)
for the
fiscal
year ending
March of 2021.
This
represents
a
decrease of 12.8%
versus 2020, when the company's sales were 29.87 billion Indian Rupees .
Contributing to the drop in overall sales was the 25.5% decline
in Healthcare, from 4.86 billion Indian Rupees to 3.62 billion Indian Rupees .
There were also decreases in sales in
Safety and Industrial (down 10.1% to 10.12 billion Indian Rupees )
and
Transportation and Electronics (down 13.6% to 8.90 billion Indian Rupees )
and
Consumer (down 2.1% to 3.13 billion Indian Rupees )
.
However, these declines were partially offset by the increase in sales of
Others (up 13.0% to 271.32 million Indian Rupees )
.