3M India reports strong Q2 growth, target price raised
pre-market1 source ↓written by the desknot a recommendation
- YoY in Q2
- 14% revenue growth
- reaching approximately
- ₹12.7 billion
- with improvements
- 487 bps
- respectively
- 370 bps
3M India Ltd. achieved 14% revenue growth YoY in Q2 FY26, reaching approximately ₹12.7 billion. The company reported record gross and EBITDA margins, with improvements of 487 bps and 370 bps respectively, driven by enhanced product mix and cost efficiencies. This performance positions 3M for sustained growth in H2 FY26, supported by favorable market conditions. 📈
• Highest-ever gross and EBITDA margins
• Margin expansion driven by higher utilization
• Positive outlook amid cyclical tailwinds
Not investment advice. For informational purposes only.