3M India

The maker of Post-it notes, surgical supplies and touch-screen displays said Tuesday that it sees adjusted earnings for 2023

3M shares dropped as much as 4.7% before the start of regular trading in New York

According to the technical analyst from Anand Rathi, India Cements can be bought closer to Rs 155 and 3M India should be bought near Rs 21,800.

'Thanks to the production-linked incentive (PLI) scheme, a lot of the supply chain will be localised to India'

The US conglomerate makes N95 face masks

Sales from three of the company's four main businesses rose, with the healthcare unit recording a 25.5% jump and accounting for more than a quarter of the company's total sales

It's standalone net loss came in at Rs 39.91 crore during the quarter under review, compared to Rs 84.9 crore profit in the year-ago period

3M is the world's biggest producer of N95 respirator masks and has seen sales surge as governments fought over supplies of protective equipment for healthcare and other essential workers

3M says courts have issued six temporary restraining orders and four preliminary injunctions so far to stop N95 sales that it says are unlawful

3M is hoping that the close proximity of the new centre to its innovation lab will allow design thinking to be applied

3M India expects e-commerce would account for 10 per cent of its sales, tripling its contribution, as it looks at double digit growth in the country with locally designed products for industrial, consumers, healthcare and safety products.The company that makes products such as Post-it, scotch-bite, will step up designing products for local consumers, which it says are value conscious, while working with auto manufacturers and industrial units to improve their products. Some of them include surgical dressing designed for Indian skin and can be used non air conditioned environments to help wounds heal faster; raised pavement markers for Indian roads and a vibration test facility that help auto makers improve insulation of cars. "India is not a very brand focused country, it is not like China where everybody wants a Louis Vuitton India is a value focused but at the same time, functional products do very well. We try to put in the best of both worlds," Debabrati Sen, Managing Director .

With $30.8 bn in sales, operations in more than 70 countries, 3M sells more than 55,000 products

Sen has worked across various verticals and held key positions including CMO and Global Business Director at 3M