Revenue Growth and Operating Performance
Over the six-year period ending March 2024, 3M India’s net sales have shown a commendable increase, rising from ₹2,734 crores in 2018 to ₹4,189 crores in 2024. This represents a compound annual growth rate (CAGR) of approximately 8.5%, reflecting the company’s ability to expand its market presence and product offerings despite varying economic conditions. Notably, the fiscal year 2021 saw a dip in sales to ₹2,605 crores, likely impacted by the broader economic slowdown, but the company rebounded strongly in subsequent years.
Operating profit margins have also improved significantly. The operating profit margin excluding other income rose from 18.24% in 2018 to 18.12% in 2024, with a notable dip to 9.96% in 2021 during the pandem...
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