3M India reported a 14% increase in sales for Q2 FY26, alongside the appointment of Mr. Dwarakanath Ranganath as an Additional Director. The company’s profit after tax grew by 43% to ₹191 crores. All business segments contributed to the sales growth. The Board also approved the appointment of Price Waterhouse & Co as statutory auditors, subject to shareholder approval.
Financial Performance Highlights
3M India reported strong financial results for Q2 FY26, demonstrating solid growth across its business segments:
- Sales Growth: Overall sales increased by 14.0% compared to Q2 FY25 and 5.9% compared to Q1 FY26.
- Profit After Tax: 3M India’s profit after tax surged to ₹191 crores, a 43.0% increase compared to the same quarter last year.
- EBITDA Growth: The company’s EBITDA grew by 33.1% year-over-year.
All business segments, including Transportation & Electronics, Safety and Industrial, Health Care, and Consumer, registered sales growth on a year-over-year basis.
Leadership and Governance Updates
3M India has announced the following changes in its leadership and governance structure:
- Appointment of Additional Director: Mr. Dwarakanath Ranganath Mavinakere has been appointed as an Additional Director, categorized as a Non-Executive and Independent Director, effective from February 2, 2026, subject to shareholder approval.
- Statutory Auditor Appointment: Subject to shareholder approval, Price Waterhouse & Co Chartered Accountants LLP will replace the retiring auditors, M/s. B S R & Co. LLP, for a five-year term starting from the conclusion of the 39th Annual General Meeting (AGM) in 2026.
Segment Performance
Revenue from operations across various segments:
- Safety & Industrial: ₹78,279.16 lakhs
- Transportation & Electronics: ₹87,493.08 lakhs
- Health Care: ₹50,740.35 lakhs
- Consumer: ₹27,347.58 lakhs
Divident
The Board at its meeting held on May 28, 2025 had recommended a dividend of ₹535 per equity share which got approved by the Shareholders at the Annual General Meeting held on August 26, 2025. The Company has made the payment of ₹60,268.12 lakhs to the shareholders towards final dividend.
Source: BSE