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3M India Q2 Net Profit Falls 17 Percent as Rising Costs Hit Margins
3M India reported a 17 percent decline in net profit for the second quarter, impacted by rupee depreciation and rising input costs. Revenue from operations increased 14.7 percent to Rs 1,452 crore, while expenses surged 21.7 percent. Shares of the company tumbled up to 11 percent following the earnings announcement.
By Finblage Editorial Desk
7:38 pm
6 November 2026
3M India reported a decline of over 17 percent in net profit for the second quarter, as a weaker rupee and rising input costs weighed on profitability. Despite healthy revenue growth, the company faced pressure from higher expenses during the reporting period.
Revenue from operations increased 14.7 percent to Rs 1,452 crore, indicating continued growth in business activity. However, expenses rose significantly faster, increasing 21.7 percent and affecting the company's overall profitability.
The weaker rupee contributed to higher input costs, adding pressure on operating margins. The increase in expenses outpaced revenue growth, resulting in a decline in quarterly net profit.
Following the earnings announcement, shares of 3M India declined sharply, falling up to 11 percent during trading on November 6.
The quarterly performance highlighted the challenges faced by the company in managing rising costs amid currency fluctuations, despite maintaining reven
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