On standalone basis
Quarter ended June 2026 compared with Quarter ended June 2025.
Net sales (including other operating income) of 3M India has increased 19.00% to Rs 1,423.21 crore. Sales of Safety & Industrial segment has gone up 23.04% to Rs 465.33 crore (accounting for 32.70% of total sales). Sales of Transportation & Electronics segment has gone up 14.39% to Rs 503.36 crore (accounting for 35.37% of total sales). Sales of Health Care segment rose 23.50% to Rs 296.99 crore (accounting for 20.87% of total sales). Sales of Consumer segment has gone up 13.36% to Rs 147.96 crore (accounting for 10.40% of total sales). Sales of Others segment has gone up 41.68% to Rs 9.57 crore (accounting for 0.67% of total sales). Profit before interest, tax and other unallocable items (PBIT) has slumped 2.29% to Rs 221.37 crore. PBIT of Safety & Industrial segment rose 11.66% to Rs 69.82 crore (accounting for 31.54% of total PBIT). PBIT of Transportation & Electronics segment fell 24.74% to Rs 67.72 crore (accounting for 30.59% of total PBIT). PBIT of Health Care segment rose 17.90% to Rs 58.92 crore (accounting for 26.62% of total PBIT). PBIT of Consumer segment rose 0.69% to Rs 23.13 crore (accounting for 10.45% of total PBIT). PBIT of Others segment rose 60.69% to Rs 1.78 crore (accounting for 0.80% of total PBIT). PBIT margin of Safety & Industrial segment fell from 16.53% to 15.00%. PBIT margin of Transportation & Electronics segment fell from 20.45% to 13.45%. PBIT margin of Health Care segment fell from 20.78% to 19.84%. PBIT margin of Consumer segment fell from 17.60% to 15.63%. PBIT margin of Others segment rose from 16.40% to 18.60%. Overall PBIT margin fell from 18.94% to 15.55%. Operating profit margin has declined from 20.21% to 16.73%, leading to 1.53% decline in operating profit to Rs 238.06 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 35.74% to 36.94%. Purchase of finished goods cost rose from 21.43% to 26.22%. Employee cost decreased from 9.78% to 9.19%. Other expenses fell from 13.03% to 11.66%. Other income fell 22.35% to Rs 11.64 crore. PBIDT fell 2.74% to Rs 249.7 crore. Provision for interest up 85.98% to Rs 3.98 crore. PBDT fell 3.49% to Rs 245.72 crore. Provision for depreciation rose 9.81% to Rs 16.68 crore. Profit before tax down 4.33% to Rs 229.04 crore. Provision for tax was expense of Rs 69.1 crore, compared to Rs 61.72 crore. Effective tax rate was 22.87% compared to 25.78%. Profit after tax rose 31.17% to Rs 233.07 crore. Promoters’ stake was 75.00% as of 30 June 2026 ,compared to 75.00% as of 30 June 2025 .
Full year results analysis
Net sales (including other operating income) of 3M India has increased 14.49% to Rs 5,089.76 crore. Sales of Safety & Industrial segment has gone up 16.00% to Rs 1,640.04 crore (accounting for 32.22% of total sales). Sales of Transportation & Electronics segment has gone up 10.08% to Rs 1,845.54 crore (accounting for 36.26% of total sales). Sales of Health Care segment rose 17.49% to Rs 1,016.58 crore (accounting for 19.97% of total sales). Sales of Consumer segment has gone up 15.57% to Rs 537.24 crore (accounting for 10.56% of total sales). Sales of Others segment has gone up 100.96% to Rs 50.36 crore (accounting for 0.99% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 29.23% to Rs 923.12 crore. PBIT of Safety & Industrial segment rose 75.55% to Rs 257.57 crore (accounting for 27.90% of total PBIT). PBIT of Transportation & Electronics segment rose 15.58% to Rs 347.79 crore (accounting for 37.68% of total PBIT). PBIT of Health Care segment rose 20.12% to Rs 209.82 crore (accounting for 22.73% of total PBIT). PBIT of Consumer segment rose 14.31% to Rs 94.11 crore (accounting for 10.19% of total PBIT). PBIT of Others segment rose 42.87% to Rs 13.83 crore (accounting for 1.50% of total PBIT). PBIT margin of Safety & Industrial segment rose from 10.38% to 15.71%. PBIT margin of Transportation & Electronics segment rose from 17.95% to 18.84%. PBIT margin of Health Care segment rose from 20.19% to 20.64%. PBIT margin of Consumer segment fell from 17.71% to 17.52%. PBIT margin of Others segment fell from 38.63% to 27.46%. Overall PBIT margin rose from 16.07% to 18.14%. Operating profit margin has jumped from 17.31% to 19.37%, leading to 28.09% rise in operating profit to Rs 985.76 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 37.81% to 34.63%. Purchase of finished goods cost rose from 22.42% to 23.68%. Employee cost decreased from 9.69% to 9.31%. Other expenses rose from 13.03% to 13.32%. Other income fell 30.63% to Rs 48.74 crore. PBIDT rose 23.17% to Rs 1034.5 crore. Provision for interest up 289.44% to Rs 43.5 crore. Loan funds rose to Rs 169.75 crore as of 31 March 2026 from Rs 99.53 crore as of 31 March 2025. Inventories rose to Rs 822.96 crore as of 31 March 2026 from Rs 648.24 crore as of 31 March 2025. Sundry debtors were higher at Rs 838.60 crore as of 31 March 2026 compared to Rs 790.27 crore as of 31 March 2025. Cash and bank balance declined from Rs 937.38 crore as of 31 March 2025 to Rs 817.78 crore as of 31 March 2026. PBDT rose 19.58% to Rs 991 crore. Provision for depreciation rose 13.29% to Rs 62.64 crore. Fixed assets increased to Rs 497.01 crore as of 31 March 2026 from Rs 426.68 crore as of 31 March 2025. Intangible assets increased from Rs 0.30 crore to Rs 1.40 crore. Profit before tax grew 20.03% to Rs 928.36 crore. Provision for tax was expense of Rs 371.71 crore, compared to Rs 297.34 crore. Effective tax rate was 41.58% compared to 38.45%. Profit after tax rose 9.71% to Rs 522.32 crore. Promoters’ stake was 75.00% as of 31 March 2026 ,compared to 75.00% as of 31 March 2025 . Cash flow from operating activities increased to Rs 513.72 crore for year ended March 2026 from Rs 355.10 crore for year ended March 2025. Cash flow used in acquiring fixed assets during the year ended March 2026 stood at Rs 58.33 crore, compared to Rs 55.42 crore during the year ended March 2025.
Management Comments :
Mr. Aseem Joshi, Managing
Director of 3M India, said “the Company delivered 19.0% sales growth in the first quarter
versus Q1 prior year. The Company delivered broad-based growth across all four business
segments. For the quarter, Healthcare grew by 23.5%, Safety & Industrial grew by 23.0%,
Transportation & Electronics grew by 14.4% and Consumer segments grew by 13.4% versus prior
year. We are encouraged with the Sales growth in Q1 FY 26-27, and this is our 5th consecutive
quarter of double-digit YoY sales growth. These results also reflect traction from the sales and
marketing investments the Company has been making and our continued focus on Commercial and
Innovation excellence. The Company’s profit after tax grew 31.2% to Rs 233 crores including the
exceptional items. The company’s profitability excluding the exceptional items declined YoY
primarily due to the impact of Indian Rupee depreciation. I thank our teams for their disciplined
execution during the quarter, and for maintaining a strong customer focus."
| 3M India : Standalone Results | | Quarter ended | Year ended |
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| Particulars | 202606 | 202506 | Var.(%) | 202603 | 202503 | Var.(%) |
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| Net Sales (including other operating income) | 1,423.21 | 1,195.97 | 19.00 | 5,089.76 | 4,445.56 | 14.49 | | OPM (%) | 16.73 | 20.21 | -349 bps | 19.37 | 17.31 | 206 bps | | OP | 238.06 | 241.75 | -1.53 | 985.76 | 769.61 | 28.09 | | Other Inc. | 11.64 | 14.99 | -22.35 | 48.74 | 70.26 | -30.63 | | PBIDT | 249.70 | 256.74 | -2.74 | 1,034.50 | 839.87 | 23.17 | | Interest | 3.98 | 2.14 | 85.98 | 43.5 | 11.17 | 289.44 | | PBDT | 245.72 | 254.60 | -3.49 | 991.00 | 828.70 | 19.58 | | Depreciation | 16.68 | 15.19 | 9.81 | 62.64 | 55.29 | 13.29 | | PBT | 229.04 | 239.41 | -4.33 | 928.36 | 773.41 | 20.03 | | PBT before EO | 229.04 | 239.41 | -4.33 | 928.36 | 773.41 | 20.03 | | EO Income | 73.13 | 0 | - | -34.33 | 0 | - | | PBT after EO | 302.17 | 239.41 | 26.21 | 894.03 | 773.41 | 15.60 | | Taxation | 69.1 | 61.72 | 11.96 | 371.71 | 297.34 | 25.01 | | PAT | 233.07 | 177.69 | 31.17 | 522.32 | 476.07 | 9.71 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 233.07 | 177.69 | 31.17 | 522.32 | 476.07 | 9.71 | | EPS (Rs)* | 156.75 | 157.67 | -0.58 | 481.26 | 422.42 | 13.93 | | | * EPS is on current equity of Rs 11.27 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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| 3M India : Standalone Segment Results | | | Quarter ended | Year ended |
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| % of (Total) | 202606 | 202506 | Var.(%) | % of (Total) | 202603 | 202503 | Var.(%) |
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| Sales | | Safety & Industrial | 32.70 | 465.33 | 378.18 | 23.04 | 32.22 | 1,640.04 | 1,413.87 | 16.00 | | Transportation & Electronics | 35.37 | 503.36 | 440.04 | 14.39 | 36.26 | 1,845.54 | 1,676.55 | 10.08 | | Health Care | 20.87 | 296.99 | 240.48 | 23.50 | 19.97 | 1,016.58 | 865.22 | 17.49 | | Consumer | 10.40 | 147.96 | 130.52 | 13.36 | 10.56 | 537.24 | 464.86 | 15.57 | | Others | 0.67 | 9.57 | 6.75 | 41.68 | 0.99 | 50.36 | 25.06 | 100.96 | | Total Reported Sales | 100.00 | 1,423.21 | 1,195.97 | 19.00 | 100.00 | 5,089.76 | 4,445.56 | 14.49 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 1,423.21 | 1,195.97 | 19.00 | 100.00 | 5,089.76 | 4,445.56 | 14.49 | | PBIT | | Safety & Industrial | 31.54 | 69.82 | 62.53 | 11.66 | 27.90 | 257.57 | 146.72 | 75.55 | | Transportation & Electronics | 30.59 | 67.72 | 89.98 | -24.74 | 37.68 | 347.79 | 300.92 | 15.58 | | Health Care | 26.62 | 58.92 | 49.97 | 17.90 | 22.73 | 209.82 | 174.67 | 20.12 | | Consumer | 10.45 | 23.13 | 22.97 | 0.69 | 10.19 | 94.11 | 82.33 | 14.31 | | Others | 0.80 | 1.78 | 1.11 | 60.69 | 1.50 | 13.83 | 9.68 | 42.87 | | Total PBIT | 100.00 | 221.37 | 226.56 | -2.29 | 100.00 | 923.12 | 714.32 | 29.23 | | Less : Interest | | 3.98 | 2.14 | 85.62 | | 43.50 | 11.17 | 289.44 | | Add: Other un-allcoable | | 84.77 | 14.99 | 465.69 | | 14.41 | 70.26 | -79.49 | | PBIT Margin(%) | | Safety & Industrial | | 15.00 | 16.53 | -152.92 | | 15.71 | 10.38 | 532.79 | | Transportation & Electronics | | 13.45 | 20.45 | -699.44 | | 18.84 | 17.95 | 89.61 | | Health Care | | 19.84 | 20.78 | -94.25 | | 20.64 | 20.19 | 45.19 | | Consumer | | 15.63 | 17.60 | -196.80 | | 17.52 | 17.71 | -19.34 | | Others | | 18.60 | 16.40 | 220.08 | | 27.46 | 38.63 | -1,116.50 | | PBT | 100.00 | 302.16 | 239.40 | 26.21 | 100.00 | 894.03 | 773.41 | 15.60 |
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