3M India reported a 14% increase in sales for Q2 FY26, with profit after tax rising to ₹191 crores. All business segments showed growth. The board approved the appointment of Mr. Dwarakanath Ranganath Mavinakere as an Additional Director. Additionally, Price Waterhouse & Co Chartered Accountants LLP was appointed as the new statutory auditors, replacing BSR & Co. LLP.
Financial Performance
3M India announced a 14.0% increase in sales for Q2 FY26 compared to the previous year, and a 5.9% increase compared to the previous quarter. EBITDA also saw significant growth, increasing by 33.1% year-on-year. Profit after tax for the quarter grew to ₹191 crores, a 43.0% increase from the same period last year.
All business segments contributed to the company’s growth: Healthcare sales grew 14.9%, Consumer 14.6%, Transportation & Electronics 12.9% and Safety & Industrial 12.3% versus prior year.
New Appointments
The Board of Directors approved the appointment of Mr. Dwarakanath Ranganath Mavinakere as an Additional Director, categorized as a Non-Executive and Independent Director, effective February 2, 2026, subject to shareholder approval.
Furthermore, Price Waterhouse & Co Chartered Accountants LLP has been appointed as the new statutory auditors of the company for a five-year term, replacing BSR & Co. LLP, whose term concludes at the 39th AGM.
Divestiture 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. This transaction is expected to close in the first half of calendar year 2026. In India, the PG&F business contributed less than 1% of 3M India Limited’s revenue in FY 2024-25 and has two employees.
Source: BSE
