3M India reported a 14.0% increase in sales for Q2 FY26, with profit after tax rising by 43.0% to ₹191 crores. The company saw growth across all business segments. The board also approved the appointment of Mr. Dwarakanath Ranganath Mavinakere as an Additional Independent Director, effective February 2, 2026, subject to shareholder approval, and appointed Price Waterhouse & Co as statutory auditors.
Financial Performance
3M India announced a 14.0% increase in sales for Q2 FY26 compared to the same period last year, and a 5.9% increase compared to the previous quarter. EBITDA also saw significant growth, increasing by 33.1% year-over-year and 4.5% quarter-over-quarter.
The company’s profit after tax grew by 43.0% to ₹191 crores for the quarter. All business segments – Transportation & Electronics, Safety and Industrial, Health Care, and Consumer – registered sales growth on a year-over-year basis.
Segment Breakdown
Key segment sales growth figures for the quarter include:
- Healthcare: 14.9%
- Consumer: 14.6%
- Transportation & Electronics: 12.9%
- Safety & Industrial: 12.3%
New Independent Director Appointed
The Board has appointed Mr. Dwarakanath Ranganath Mavinakere as an Additional Director, categorized as a Non-Executive and Independent Director. The appointment is effective from February 2, 2026, for a term of five years, subject to shareholder approval.
Statutory Auditor Appointment
Price Waterhouse & Co Chartered Accountants LLP have been appointed as the Statutory Auditors, to succeed the retiring auditors, M/s. B S R & Co. LLP, whose term concludes at the 39th AGM.
Sale of Precision Grinding & Finishing Business
3M Company, USA, has entered into an agreement to sell its Precision Grinding & Finishing (PG&F) business to Nimbus, a Europe-based private equity firm. 3M India is assessing the potential implications of this global transaction on the Indian business, where it contributed less than 1% of revenue in FY 2024-25.
Source: BSE
