Industrial products maker 3M India posted a more than 17% decline in second-quarter profit on Friday, pressured by a weaker rupee and higher raw material costs, sending its shares down as much as 11% to their lowest level since April 2025.
The Post-it notes and Scotch-Brite cleaning pads maker reported a profit after tax of Rs 158 crore for the quarter ended September 30, compared with Rs 191 crore a year earlier.
Revenue from operations rose 14.7% to Rs 1,452 crore, while expenses increased 21.7%.
Raw material expenses jumped 19.6% as inflation driven by the Middle East crisis pushed up input prices, the company said.
3M India, a unit of US industrial conglomerate 3M, sells a range of industrial, safety, healthcare and consumer products, from abrasives and adhesives to personal protective equipment and office supplies.