What’s new

• Q4 net profit jumped to ₹215 cr, up from ₹71 cr a year ago.
• Full-year revenue grew 14.5% to ₹5,090 cr, with all business segments showing double-digit gains.
• M D Ranganath takes over as chairman; Kavita Nair joins as an independent director.

Why it matters

The massive special dividend accounts for most of the ₹570 cr total payout. While quarterly profits received a lift from one-time labour code adjustments, consistent double-digit growth across all business segments provides the underlying strength for such a large capital return.

What we’re watching

• Sustainability of margins now that labour code adjustments are removed.
• Integration of the new board members under M D Ranganath's chairmanship.
• Market response to the substantial dividend announcement.

The full read

3M India closed FY26 with revenue of ₹5,090 crore, a 14.5% improvement over the previous year. While annual profit rose a modest 9.7% to ₹522 crore, the fourth quarter told a sharper story.

Profit tripled.

Net profit for the final three months reached ₹215 crore from ₹71 crore, aided by one-time labour code gains. The board rewarded this performance by recommending a total dividend of ₹506 per share, which includes a final component of ₹160 and a special payout of ₹346, resulting in a total cash distribution of ₹570 crore. Corporate governance also shifted, as Radhika Rajan stepped down after two terms to make way for Kavita Nair, while the board promoted M D Ranganath to the role of chairman. That is a board with clear intent.

Primary source: BSE · NSE

What’s new

• Annual revenue grew 14.5% to ₹5,090 cr; net profit rose 9.7% to ₹522 cr.
• Q4 net profit hit ₹215 cr, up from ₹71 cr, aided by a labour code adjustment gain.
• M D Ranganath named board chairman; Kavita Nair joins as an independent director.

Why it matters

The dividend payout of roughly ₹570 cr distributes much of the year's bottom line. While the Q4 profit jump relies on a non-recurring accounting gain, the consistent double-digit growth across all business segments confirms the company's performance.

What we’re watching

• Profit margins once the one-time labour code gain is removed.
• Capital allocation policy under new chairman M D Ranganath.
• Maintenance of double-digit growth rates in FY27.

The full read

3M India closed the fiscal year with a 14.5% revenue rise to ₹5,090 crore. Net profit for the full year climbed 9.7% to ₹522 crore. The final quarter showed a different trajectory. Driven by an exceptional gain linked to labour code adjustments, Q4 net profit surged to ₹215 crore — more than tripling the ₹71 crore recorded in the same period last year. Management proposed a total dividend of ₹506 per share. This package includes a ₹346 special dividend. Board changes accompanied the results, with M D Ranganath stepping in as chairman and Kavita Nair joining as an independent director to fill the vacancy left by Radhika Rajan. The firm enters the new year having hit double-digit growth across its entire portfolio.

Primary source: BSE · NSE

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 it 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.

Primary source: BSE · NSE