3M India - Capacity Expansion May Reduce Procurement Dependence From Parent: ICICI Securities

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Securities Report.3M India Ltd.’s FY22 annual report highlights the following: Company is expanding its local manufacturing capacity for respirators, masks, hand sanitisers, etc; it will also supply industry consumables to mobile phone manufacturing companies availing the production linked incentive schemes.3M India is steadily investing in increasing its offline and online reach for Scotch Brite.It introduced four products in automotive and consumer segments. We expect launch of additional products in tandem with normalisation of the economy.Royalty as a percentage of sales reduced from 5.3% in FY21 to 5.2% in FY22. We remain positive on 3M India due to its competitive advantages such as: strong brands, established distribution network, and global relationships with large manufacturers, and access to parent’s technology pool..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

3M India - Capacity Expansion May Reduce Procurement Dependence From Parent: ICICI Securities

3M India - Capacity Expansion May Reduce Procurement Dependence From Parent: ICICI Securities

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