Revenue from operations rose 19% year-on-year to ₹1,423 crore in the first quarter of FY27, compared with ₹1,196 crore in the corresponding quarter last year. This marked the company’s fifth consecutive quarter of double-digit sales growth.
At the operating level, growth was less pronounced. EBITDA was broadly flat at ₹238 crore, against ₹241 crore a year ago, while the EBITDA margin contracted to 16.7% from 20%.
Land sale lifts Q1 profit
During the quarter, 3M India sold its land in Pimpri, Pune, under a conveyance deed executed on June 29, 2026, for a total consideration of ₹82 crore.
The company reported a net gain of ₹73.13 crore from the transaction as an exceptional item.
Excluding the exceptional gain, profitability declined year-on-year, with the company attributing the pressure primarily to the depreciation of the Indian rupee.
Sales growth broad-based across businesses
3M India Managing Director Aseem Joshi said the company delivered 19% sales growth during the quarter, with all four business segments recording growth.
Healthcare led the expansion with 23.5% year-on-year sales growth, while Safety & Industrial sales increased 23%. Transportation & Electronics grew 14.4%, and Consumer sales rose 13.4%.The company attributed the performance to investments in sales and marketing, along with continued execution across its businesses.
Joshi said the company remained encouraged by the sales performance and would continue to build on the momentum from its sales and marketing investments, while maintaining its focus on commercial and innovation excellence.
For FY26, the board had recommended a total dividend of ₹506 per equity share at its meeting on May 22, 2026. The proposed payout comprises a final dividend of ₹160 per share and a special dividend of ₹346 per share, subject to shareholders’ approval at the company’s ensuing Annual General Meeting.
3M India shares were down 0.17% at ₹36,105 apiece on the NSE at 1:16 pm on Friday. The stock has declined 1.9% over the past month and is down 0.4% so far this year.
