On standalone basis
Quarter ended December 2025 compared with Quarter ended December 2024.
Net sales (including other operating income) of 3M India has increased 12.67% to Rs 1,228.05 crore. Sales of Safety & Industrial segment has gone up 20.15% to Rs 401.42 crore (accounting for 32.69% of total sales). Sales of Transportation & Electronics segment has gone up 3.86% to Rs 452.28 crore (accounting for 36.83% of total sales). Sales of Health Care segment rose 13.53% to Rs 225.64 crore (accounting for 18.37% of total sales). Sales of Consumer segment has gone up 12.31% to Rs 128.16 crore (accounting for 10.44% of total sales). Sales of Others segment has gone up 173.68% to Rs 20.56 crore (accounting for 1.67% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 53.38% to Rs 214.84 crore. PBIT of Safety & Industrial segment rose 173.61% to Rs 61.90 crore (accounting for 28.81% of total PBIT). PBIT of Transportation & Electronics segment rose 25.36% to Rs 86.13 crore (accounting for 40.09% of total PBIT). PBIT of Health Care segment rose 32.79% to Rs 39.96 crore (accounting for 18.60% of total PBIT). PBIT of Consumer segment rose 48.15% to Rs 21.03 crore (accounting for 9.79% of total PBIT). PBIT of Others segment rose 30.88% to Rs 5.81 crore (accounting for 2.71% of total PBIT). PBIT margin of Safety & Industrial segment rose from 6.77% to 15.42%. PBIT margin of Transportation & Electronics segment rose from 15.78% to 19.04%. PBIT margin of Health Care segment rose from 15.14% to 17.71%. PBIT margin of Consumer segment rose from 12.44% to 16.41%. PBIT margin of Others segment fell from 59.12% to 28.28%. Overall PBIT margin rose from 12.85% to 17.49%. Operating profit margin has jumped from 14.14% to 18.79%, leading to 49.72% rise in operating profit to Rs 230.69 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 45.90% to 34.89%. Purchase of finished goods cost rose from 14.48% to 23.81%. Employee cost decreased from 10.38% to 9.91%. Other expenses fell from 14.79% to 13.12%. Other income fell 43.85% to Rs 9.45 crore. PBIDT rose 40.51% to Rs 240.14 crore. Provision for interest up 1,156.99% to Rs 35.07 crore. PBDT rose 21.98% to Rs 205.07 crore. Provision for depreciation rose 13.13% to Rs 15.85 crore. Profit before tax grew 22.78% to Rs 189.22 crore. Provision for tax was expense of Rs 176.7 crore, compared to Rs 40.34 crore. Effective tax rate was 154.12% compared to 26.18%. Promoters’ stake was 75.00% as of 31 December 2025 ,compared to 75.00% as of 31 December 2024 .
For year-to-date (YTD) results analysis
Net sales (including other operating income) of 3M India has increased 13.65% to Rs 3,690.52 crore. Sales of Safety & Industrial segment has gone up 14.70% to Rs 1,184.21 crore (accounting for 32.09% of total sales). Sales of Transportation & Electronics segment has gone up 9.11% to Rs 1,327.21 crore (accounting for 35.96% of total sales). Sales of Health Care segment rose 16.08% to Rs 733.05 crore (accounting for 19.86% of total sales). Sales of Consumer segment has gone up 15.53% to Rs 401.63 crore (accounting for 10.88% of total sales). Sales of Others segment has gone up 129.12% to Rs 44.42 crore (accounting for 1.20% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 36.09% to Rs 682.21 crore. PBIT of Safety & Industrial segment rose 93.05% to Rs 192.64 crore (accounting for 28.24% of total PBIT). PBIT of Transportation & Electronics segment rose 21.31% to Rs 259.54 crore (accounting for 38.04% of total PBIT). PBIT of Health Care segment rose 21.00% to Rs 149.64 crore (accounting for 21.94% of total PBIT). PBIT of Consumer segment rose 21.25% to Rs 68.07 crore (accounting for 9.98% of total PBIT). PBIT of Others segment rose 59.25% to Rs 12.32 crore (accounting for 1.81% of total PBIT). PBIT margin of Safety & Industrial segment rose from 9.67% to 16.27%. PBIT margin of Transportation & Electronics segment rose from 17.59% to 19.56%. PBIT margin of Health Care segment rose from 19.58% to 20.41%. PBIT margin of Consumer segment rose from 16.15% to 16.95%. PBIT margin of Others segment fell from 39.90% to 27.73%. Overall PBIT margin rose from 15.44% to 18.49%. Operating profit margin has jumped from 16.72% to 19.73%, leading to 34.15% rise in operating profit to Rs 728.28 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 41.68% to 35.10%. Purchase of finished goods cost rose from 18.81% to 22.10%. Employee cost decreased from 9.85% to 9.74%. Other expenses rose from 13.23% to 13.58%. Other income fell 35.24% to Rs 36.75 crore. PBIDT rose 27.59% to Rs 765.03 crore. Provision for interest up 300.91% to Rs 39.53 crore. PBDT rose 23.02% to Rs 725.5 crore. Provision for depreciation rose 10.82% to Rs 46.08 crore. Profit before tax grew 23.94% to Rs 679.42 crore. Provision for tax was expense of Rs 297.88 crore, compared to Rs 143.48 crore. Effective tax rate was 49.25% compared to 26.17%.Profit after tax fell 24.15% to Rs 306.97 crore. Promoters’ stake was 75.00% as of 31 December 2025 ,compared to 75.00% as of 31 December 2024 .
Full year results analysis
Net sales (including other operating income) of 3M India has increased 6.12% to Rs 4,445.56 crore. Sales of Safety & Industrial segment has gone up 6.04% to Rs 1,413.87 crore (accounting for 31.80% of total sales). Sales of Transportation & Electronics segment has gone up 1.65% to Rs 1,676.56 crore (accounting for 37.71% of total sales). Sales of Health Care segment rose 13.71% to Rs 865.22 crore (accounting for 19.46% of total sales). Sales of Consumer segment has gone up 8.62% to Rs 464.86 crore (accounting for 10.46% of total sales). Sales of Others segment has gone up 40.91% to Rs 25.06 crore (accounting for 0.56% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 1.16% to Rs 714.32 crore. PBIT of Safety & Industrial segment fell 17.50% to Rs 146.72 crore (accounting for 20.54% of total PBIT). PBIT of Transportation & Electronics segment fell 17.97% to Rs 300.92 crore (accounting for 42.13% of total PBIT). PBIT of Health Care segment rose 140.04% to Rs 174.67 crore (accounting for 24.45% of total PBIT). PBIT of Consumer segment rose 1.59% to Rs 82.32 crore (accounting for 11.52% of total PBIT). PBIT of Others segment rose 26.88% to Rs 9.68 crore (accounting for 1.35% of total PBIT). PBIT margin of Safety & Industrial segment fell from 13.34% to 10.38%. PBIT margin of Transportation & Electronics segment fell from 22.24% to 17.95%. PBIT margin of Health Care segment rose from 9.56% to 20.19%. PBIT margin of Consumer segment fell from 18.94% to 17.71%. PBIT margin of Others segment fell from 42.89% to 38.62%. Overall PBIT margin fell from 16.86% to 16.07%. Operating profit margin has declined from 18.12% to 17.31%, leading to 1.39% rise in operating profit to Rs 769.61 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 38.63% to 37.81%. Purchase of finished goods cost rose from 20.75% to 22.42%. Employee cost increased from 9.46% to 9.69%. Other expenses rose from 12.83% to 13.03%. Other income fell 10.24% to Rs 70.27 crore. PBIDT rose 0.30% to Rs 839.88 crore. Provision for interest up 247.20% to Rs 11.18 crore. Loan funds rose to Rs 99.54 crore as of 31 March 2025 from Rs 9.41 crore as of 31 March 2024. Inventories rose to Rs 648.24 crore as of 31 March 2025 from Rs 531.79 crore as of 31 March 2024. Sundry debtors were higher at Rs 790.27 crore as of 31 March 2025 compared to Rs 703.09 crore as of 31 March 2024. Cash and bank balance declined from Rs 1,357.84 crore as of 31 March 2024 to Rs 937.38 crore as of 31 March 2025. PBDT fell 0.65% to Rs 828.7 crore. Provision for depreciation rose 4.44% to Rs 55.29 crore. Fixed assets increased to Rs 426.68 crore as of 31 March 2025 from Rs 344.42 crore as of 31 March 2024. Intangible assets declined from Rs 0.35 crore to Rs 0.30 crore. Profit before tax down 1% to Rs 773.41 crore. Provision for tax was expense of Rs 297.34 crore, compared to Rs 197.8 crore. Effective tax rate was 38.45% compared to 25.32%. Profit after tax fell 18.40% to Rs 476.07 crore. Promoters’ stake was 75.00% as of 31 March 2025 ,compared to 75.00% as of 31 March 2024 . Cash flow from operating activities decreased to Rs 355.10 crore for year ended March 2025 from Rs 643.03 crore for year ended March 2024. Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 55.42 crore, compared to Rs 31.41 crore during the year ended March 2024.
Management Comments :
Mr. Ramesh Ramadurai, Managing Director of 3M India,
said, “the Company delivered 12.7% sales growth in Q3
of current financial year versus prior year. The Company delivered broad-based
growth across all four business segments. For the quarter, Safety &
Industrial sales grew by 20.1%, Healthcare 13.5%, Consumer 12.3%, and
Transportation & Electronics 3.9% versus prior year. For the nine months
ending Dec 2025, the Company delivered sales growth of 13.6%. During the
quarter, the Company recognized a charge for additional liabilities arising
from implementation of the recently announced labor codes, as an exceptional
item. During the quarter, the company received a final draft of the Advance
Pricing Agreement (APA) from the tax authorities. After due consideration, the
Company has decided to accept this proposal, which has resulted in an
additional tax expense and interest cost. The APA will help resolve
long-pending tax litigation matters. Details have been provided in the Notes to
the financial results. Excluding these special causes (labor code impact, interest
cost related to APA), the Company delivered PBT of Rs. 221 crores for Q3 of
current year, a 43% growth over prior year, at 17.8% margins. For the nine
months ending December 2025, the Company delivered PBT of Rs. 711 crores, a
growth of 29.7% versus prior year, at 19.1% margins (excluding special causes
noted above). The Company continues to be watchful of material cost pressures
due to adverse foreign exchange movements. Due to these special causes and the
additional tax expense pertaining to APA, the Company recorded a loss of Rs. 62
crores (after tax) in the current quarter. PAT for the nine months ending Dec
2025 stood at Rs. 307 crores. I sincerely thank the Board, shareholders, and
the 3M team for their support to me during my tenure as Managing Director. I
welcome Aseem Joshi as the incoming Managing Director effective April 1, 2026,
and wish him and the 3M India team the very best.”
| 3M India : Standalone Results | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202512 | 202412 | Var.(%) | 202512 | 202412 | Var.(%) | 202503 | 202403 | Var.(%) |
|---|
| Net Sales (including other operating income) | 1,228.05 | 1,089.95 | 12.67 | 3,690.52 | 3,247.32 | 13.65 | 4,445.56 | 4,189.36 | 6.12 | | OPM (%) | 18.79 | 14.14 | 465 bps | 19.73 | 16.72 | 302 bps | 17.31 | 18.12 | -81 bps | | OP | 230.69 | 154.08 | 49.72 | 728.28 | 542.87 | 34.15 | 769.61 | 759.09 | 1.39 | | Other Inc. | 9.45 | 16.83 | -43.85 | 36.75 | 56.75 | -35.24 | 70.27 | 78.29 | -10.24 | | PBIDT | 240.14 | 170.91 | 40.51 | 765.03 | 599.62 | 27.59 | 839.88 | 837.38 | 0.30 | | Interest | 35.07 | 2.79 | 1,156.99 | 39.53 | 9.86 | 300.91 | 11.18 | 3.22 | 247.20 | | PBDT | 205.07 | 168.12 | 21.98 | 725.50 | 589.76 | 23.02 | 828.70 | 834.16 | -0.65 | | Depreciation | 15.85 | 14.01 | 13.13 | 46.08 | 41.58 | 10.82 | 55.29 | 52.94 | 4.44 | | PBT | 189.22 | 154.11 | 22.78 | 679.42 | 548.18 | 23.94 | 773.41 | 781.22 | -1.00 | | PBT before EO | 189.22 | 154.11 | 22.78 | 679.42 | 548.18 | 23.94 | 773.41 | 781.22 | -1.00 | | EO Income | -74.57 | 0 | - | -74.57 | 0 | - | 0 | 0 | - | | PBT after EO | 114.65 | 154.11 | -25.61 | 604.85 | 548.18 | 10.34 | 773.41 | 781.22 | -1.00 | | Taxation | 176.7 | 40.34 | 338.03 | 297.88 | 143.48 | 107.61 | 297.34 | 197.8 | 50.32 | | PAT | -62.05 | 113.77 | PL | 306.97 | 404.7 | -24.15 | 476.07 | 583.42 | -18.40 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | -62.05 | 113.77 | PL | 306.97 | 404.7 | -24.15 | 476.07 | 583.42 | -18.40 | | EPS (Rs)* | -90.88 | 100.95 | PL | 305.96 | 359.09 | -14.80 | 422.42 | 517.68 | -18.40 | | | * 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 | td>-| | Quarter ended | Year to Date | Year ended |
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| % of (Total) | 202512 | 202412 | Var.(%) | % of (Total) | 202512 | 202412 | Var.(%) | % of (Total) | 202503 | 202403 | Var.(%) |
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| Sales | | Safety & Industrial | 32.69 | 401.42 | 334.10 | 20.15 | 32.09 | 1,184.21 | 1,032.41 | 14.70 | 31.80 | 1,413.87 | 1,333.29 | 6.04 | | Transportation & Electronics | 36.83 | 452.28 | 435.48 | 3.86 | 35.96 | 1,327.21 | 1,216.38 | 9.11 | 37.71 | 1,676.56 | 1,649.41 | 1.65 | | Health Care | 18.37 | 225.64 | 198.75 | 13.53 | 19.86 | 733.05 | 631.49 | 16.08 | 19.46 | 865.22 | 760.93 | 13.71 | | Consumer | 10.44 | 128.16 | 114.11 | 12.31 | 10.88 | 401.63 | 347.65 | 15.53 | 10.46 | 464.86 | 427.96 | 8.62 | | Others | 1.67 | 20.56 | 7.51 | 173.68 | 1.20 | 44.42 | 19.39 | 129.12 | 0.56 | 25.06 | 17.78 | 40.91 | | Total Reported Sales | 100.00 | 1,228.05 | 1,089.95 | 12.67 | 100.00 | 3,690.52 | 3,247.32 | 13.65 | 100.00 | 4,445.56 | 4,189.36 | 6.12 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 1,228.05 | 1,089.95 | 12.67 | 100.00 | 3,690.52 | 3,247.32 | 13.65 | 100.00 | 4,445.56 | 4,189.36 | 6.12 | | PBIT | | Safety & Industrial | 28.81 | 61.90 | 22.62 | 173.61 | 28.24 | 192.64 | 99.79 | 93.05 | 20.54 | 146.72 | 177.84 | -17.50 | | Transportation & Electronics | 40.09 | 86.13 | 68.71 | 25.36 | 38.04 | 259.54 | 213.96 | 21.31 | 42.13 | 300.92 | 366.86 | -17.97 | | Health Care | 18.60 | 39.96 | 30.10 | 32.79 | 21.94 | 149.64 | 123.67 | 21.00 | 24.45 | 174.67 | 72.77 | 140.04 | | Consumer | 9.79 | 21.03 | 14.20 | 48.15 | 9.98 | 68.07 | 56.13 | 21.25 | 11.52 | 82.32 | 81.04 | 1.59 | | Others | 2.71 | 5.81 | 4.44 | 30.88 | 1.81 | 12.32 | 7.74 | 59.25 | 1.35 | 9.68 | 7.63 | 26.88 | | Total PBIT | 100.00 | 214.84 | 140.07 | 53.38 | 100.00 | 682.21 | 501.29 | 36.09 | 100.00 | 714.32 | 706.14 | 1.16 | | Less : Interest | | 35.07 | 2.79 | 1,157.00 | | 39.53 | 9.86 | 301.10 | | 11.18 | 3.22 | 247.43 | | Add: Other un-allcoable | | -65.12 | 16.83 | PL | | -37.82 | 56.75 | PL | | 70.27 | 78.29 | -10.25 | | PBIT Margin(%) | | Safety & Industrial | | 15.42 | 6.77 | 864.86 | | 16.27 | 9.67 | 660.16 | | 10.38 | 13.34 | -296.13 | | Transportation & Electronics | | 19.04 | 15.78 | 326.60 | | 19.56 | 17.59 | 196.59 | | 17.95 | 22.24 | -429.32 | | Health Care | | 17.71 | 15.14 | 256.84 | | 20.41 | 19.58 | 82.99 | | 20.19 | 9.56 | 1,062.48 | | Consumer | | 16.41 | 12.44 | 397.03 | | 16.95 | 16.15 | 80.07 | | 17.71 | 18.94 | -122.66 | | Others | | 28.28 | 59.12 | -3,084.91 | | 27.73 | 39.90 | -1,216.97 | | 38.62 | 42.89 | -427.10 | | PBT | 100.00 | 114.64 | 154.11 | -25.61 | 100.00 | 604.85 | 548.18 | 10.34 | 100.00 | 773.41 | 781.21 | -1.00 |
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