3M India, for Q1FY15. the performance YoY is good though sequentially, it is flat. The company posted a net profit at Rs.25 crore, which is more than doubled up from net profit of Rs.12 crore in previous Q1. In Q4, net profit was at same levels of Rs.25 crore. There has been a robust spurt in net sales too, up 10% (YoY) at Rs.455 crore. A tight leash on expenses, a higher other income, tax write back of Rs.6 crore and lower interest outgo helped shore the bottomline. Its performance is driven mainly by the Industrial segment, which contributed 43% to the topline.

The parent company, American MNC, 3M holds 75% stake in the Indian company and as at 30^th June 2015, FIIs held 9.29% stake while domestic held 3.22%. The company in April, delisted from Calcutta Stock Exchange and there is probably hope that it could go for delisting from Indian bourses.

The company markets about 7000 products in India. It operates in five operating business segments – (1)Industrial and Transportation business, which  include tapes, which are used in the manufacture, repair and maintenance of automotive, marine, aircraft and specialty vehicles. (2) Health Care business which includes medical and surgical supplies, medical devices, skin and wound care and infection prevention products. (3)Safety and graphics include personal protection products, brand and asset protection solutions, border control products, passive fire protection products. (4)Consumer and Office Business portfolio brands include Scotch-Brite brand, Scotch brand, Post-it and Scotchguard brand. (5) Energy which includes electronic devices, telecom networks and renewable energy.