3M India Ltd

Financial results approved

• Unaudited Q1 2026-27 results approved; quarter ended 30 June 2026.
• Revenue from operations Rs 1,423.21 cr; total income Rs 1,434.85 cr.
• PBT after exceptional items Rs 302.16 cr; PAT Rs 233.07 cr.
• Limited Review Report by auditors attached; press release issued.

Asset sale & tax disclosures

• Sale of Pimpri, Pune land for Rs 82.00 cr; net gain Rs 73.13 cr.
• APA with CBDT signed 23 Feb 2026; tax expense Rs 139.47 cr and interest Rs 31.49 cr.
• Labour code impact: exceptional item Rs (40.24) cr in 2025-26; Rs 34.33 cr ended 31 Mar 2026.
• No subsidiary or joint venture as of 30 June 2026.

Regulatory & auditing disclosures

• Auditors issued an unqualified review opinion on the quarter's results.

Ahmedabad Plant status

• Operations fully resumed across all value streams from August 10, 2026.
• Restoration activities completed at the plant.
• Company continues to assess overall impact, if any, of the natural calamity.
• All assets are adequately insured and matter intimated to the insurance company.

Meeting Details

• Board meeting scheduled for August 14, 2026.

Key Agenda Items

• To consider, approve and take on record unaudited quarterly results for June 30, 2026.

Other Notes

• Trading window closed July 1, 2026 to August 16, 2026.

Dematerialisation status

• Securities received for dematerialisation during the quarter were processed and confirmed to the depositories.
• The dematerialised securities have been listed on the stock exchanges where the earlier issues are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; the depository's name was substituted as owner within 15 days.
• A certificate to that effect was sent to the depositories and stock exchanges.

Business

• 3M India operates in Safety and Industrial, Transportation and Electronics, Consumer, and Healthcare.
• The company has three manufacturing sites, one R&D center, and two customer technical centers.

Operations

• Management highlighted commercial excellence, local R&D, local supply chain strengthening, and talent development.
• Ranjangaon expansion area was shown as greenfield capacity under development.
• The company cited localization wins in automotive, solar, wind, and healthcare applications.

Financials

• FY2025-26 sales rose 14.5% to INR 5,090 crore.
• PAT was INR 522 crore, or 10.2% of sales, down 0.4 percentage points year on year.
• PAT excluding APA/VSV was INR 662 crore, or 12.9% of sales, up 0.2 percentage points.
• PBT before exceptional items was INR 960 crore, or 18.7% of sales, up 1.6 percentage points.
• Cash generation was INR 483 crore pre-dividend, and EPS rose 9.7% to INR 463.66.

Segments

• Transportation and Electronics sales were INR 1,846 crore, 36% of mix, growing 10.1%.
• Consumer and Healthcare sales were INR 1,640 crore, 32% of mix, growing 16.0%.

Governance

• Radhika Rajan completed her term as Chairperson and Independent Director on 26 May 2026.
• Ramesh Ramadurai retired as Managing Director on 31 March 2026.
• Kavita Nair joined the Board as Independent Director effective 27 May 2026.

Meeting Details

• Board meeting on May 22, 2026, Friday.
• Location not disclosed.

Key Agenda Items

• Approve audited financial results for year ended March 31, 2026.
• Consider dividend recommendation for financial year ended March 31, 2026.

Other Notes

• Trading window closed from April 1, 2026 to May 24, 2026, both days inclusive.

Senior management appointment

• Mr. Jerry Daniel appointed Country Business Leader – Healthcare, effective May 1, 2026.
• He will be treated as Senior Management Personnel under SEBI Listing Regulations.
• He currently leads Business Operations – Transportation & Energy and has been with 3M since 2013.
• His 3M roles included Asia portfolio, Southeast Asia sales, East India business, and Auto Division leadership.
• He holds an engineering degree and a diploma in marketing management.
• He is not related to any director of the company.

Senior management cessation

• Mr. Rajiv Gupta will cease as Country Business Leader – Healthcare and Senior Management Personnel on April 30, 2026.
• The change is due to an internal talent movement to a senior leadership role within 3M Group.