3M India posted a 17% profit drop on Friday as rising input costs and a weaker rupee hit the company. Shares fell 11% to their lowest level since April 2025. While revenue rose 14.7% to 14.52 billion rupees, higher raw material expenses pressured the firm’s bottom line this quarter.

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 1.58 billion rupees ($16.78 million) ⁠for the quarter ended September ⁠30, compared with 1.91 billion rupees a year earlier. Here are some key details:

Revenue from operations rose 14.7% to 14.52 billion rupees, 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 3M India's revenue in its mainstay transportation and electronics segment rose 23.4%, while its second-biggest business, the safety and industrials segment, saw 11.8% growth Last month, parent 3M lifted its 2026 profit forecast after expanding ⁠its data-center partnership with Amazon, signalling a ⁠deeper push into AI-driven products and services Shares were down 9% at 26,680 rupees as of 1:13 pm IST. ($1 = 94.1550 Indian rupees)

Revenue from operations rose 14.7% to 14.52 billion rupees, 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

3M India's revenue in its mainstay transportation and electronics segment rose 23.4%, while its second-biggest business, the safety and industrials segment, saw 11.8% growth

Last month, parent 3M lifted its 2026 profit forecast after expanding ⁠its data-center partnership with Amazon, signalling a ⁠deeper push into AI-driven products and services

Shares were down 9% at 26,680 rupees as of 1:13 pm IST.