3M India triples Q4 profit, declares ₹506 dividend
A labour code adjustment boosted quarterly profit to ₹215 crore; the board adds M D Ranganath as chairman.
— 2 earlier stories on 3M India Ltd. →What's new
- Annual revenue reached ₹5,090 crore, up 14.5% year-on-year.
- Q4 net profit spiked 201.7% to ₹215 crore due to exceptional gains.
- M D Ranganath replaces the outgoing board chair.
Why this matters
The special dividend is the story here, pushing the total payout to roughly ₹570 crore. While the Q4 profit jump relies on a one-time labour code adjustment, the consistent double-digit growth across all business segments provides a cleaner read on underlying demand.
What we're watching
- Sustainability of double-digit growth segments without exceptional gains.
- Kavita Nair’s influence as the new independent director.
- Management commentary on the outlook for FY27.
The full read
3M India capped a strong year with a 14.5% rise in annual revenue to ₹5,090 crore and a 9.7% gain in net profit to ₹522 crore. The quarterly numbers look even sharper, with Q4 profit jumping 201.7% to ₹215 crore compared to ₹71 crore in the year-ago period. This surge owes much to a one-time gain from labour code adjustments. Beyond the financials, the company rewarded shareholders with a hefty ₹506 per share total dividend—a payout of roughly ₹570 crore. The boardroom is shifting as well. Radhika Rajan stepped down after two terms, Kavita Nair joined as an additional independent director, and M D Ranganath took the helm as chairman. With all business segments delivering double-digit growth, the core business remains expansionary. The special dividend is an aggressive move for a company of this scale.
3M India Ltd.
Latest quarter · Jun 2024
Strength & growth
Story so far
All notes on 3MINDIA →- 22 May 2026 · 2:39 PM IST 3M India triples Q4 profit, declares ₹506 dividend
- 50d ago 3M India triples quarterly profit as board declares ₹506 dividend
- 50d ago 3M India triples quarterly profit, issues ₹506 dividend