High-growth segments, Tier II, III cities to drive long-term gains for ABB

ABB India is experiencing significant growth in Tier II and III cities, driving long-term gains. The company reported a robust second-quarter performance with a 78.3% increase in net profit and 30.6% revenue growth. ABB’s strategy includes focusing on 23 market segments, including emerging sectors like data centers, electronics, and renewable energy. The company’s diverse product portfolio and customized solutions have contributed to its success. ABB’s initiatives to transform shop floors into smart, sustainable green campuses have also played a role in its growth. The company has an order backlog of over ₹8,000 crore, positioning it well for future growth. ABB’s focus on products, projects, and services, along with its investments in modernizing manufacturing capabilities, is expected to drive continued growth. The company’s efforts to penetrate Tier II and III cities and its emphasis on localization and exports are key factors in its long-term strategy.