3M India profit falls on weaker rupee and rising input costs, shares tumble
MMM•MMM•MMM•MMM•3M India’s second-quarter profit fell more than 17% to 1.58 billion rupees as a weaker rupee and higher raw material costs weighed on results. Revenue rose 14.7% to 14.52 billion rupees, while shares fell as much as 11%.
3M India reported profit after tax of 1.58 billion rupees for the quarter ended September 30, down from 1.91 billion rupees a year earlier. Revenue from operations rose 14.7% to 14.52 billion rupees, while expenses increased 21.7%.
Raw material expenses rose 19.6% as inflation driven by the Middle East crisis pushed up input prices, the company said. Revenue in transportation and electronics, its mainstay segment, rose 23.4%, while safety and industrials revenue increased 11.8%. Shares fell as much as 11% to their lowest level since April 2025 and were down 9% at 26,680 rupees as of 1:13 p.m. IST.
