Shares of 3M India surged 10.85% to Rs 34,030 in Tuesday’s session, November 4, following the company’s robust Q2 FY26 earnings announcement. The stock opened sharply higher against the previous close of Rs 30,700 and traded in the range of Rs 32,610 to Rs 34,400 in early deals.
3M India reported a 43% year-on-year rise in consolidated net profit to Rs 191 crore for the July–September quarter, compared to Rs 134 crore in the same period last year. Revenue grew 14% YoY to Rs 1,266.5 crore, while EBITDA increased nearly 40% to Rs 255.5 crore.
Operating margins improved significantly to 20.2% from 16.5% a year ago, supported by efficiency gains and cost discipline. Growth was broad-based across all business segments. Healthcare led with 14.9% growth, followed by Consumer at 14.6%, Transportation & Electronics at 12.9%, and Safety & Industrial at 12.3%.
Managing Director Ramesh Ramadurai said the results reflected disciplined execution and strong customer focus. He noted that while some gains were aided by timing benefits in project-related businesses, the demand environment remained favourable.
As of 9:24 AM, the stock’s market capitalization stood at approximately Rs 3.83 lakh crore, with a P/E ratio of 77.31 and a dividend yield of 0.47%.
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