3M India Annual Report Analysis - Supplies To EV, Mobile Handsets Are Key Growth Drivers: ICICI Securities

3M India Annual Report Analysis - Supplies To EV, Mobile Handsets Are Key Growth Drivers: ICICI Securities

Signage stands outside 3M Co. headquarters in St. Paul, Minnesota, U.S. (Photographer: Mike Bradley/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

3M India Ltd.'s FY21 annual report highlights:

  1. auto electrification is focus area for the company and it will introduce differentiated products in battery thermal management and display solutions,

  2. 3M also plans to work closely with original equipment manufacturers, their contract manufacturers and suppliers to enable more local content,

  3. the company introduced three products in automotive segment. We expect launches of additional products with normalisation of economy,

  4. 3M’s products like hand sanitizers, respirators and home solution products (Scotch Brite, Command etc.) did well during the year.

Click on the attachment to read the full report:

ICICI Securities 3M India Annual Report Analysis.pdf
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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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