3M India shares post best day in over 10 years; here is why the stock is surging on Tuesday

Shares of 3M India, the diversified technology and science company, rose as much as 19.5% to hit an intraday high of ₹36,666 apiece on the BSE on Tuesday, November 4, a day after the company reported its second-quarter earnings. On the National Stock Exchange (NSE), 3M India shares climbed as much as 18.69% to hit an intraday high of ₹36,440.

3M India shares staged their best single-day move in over 10 years, data from BSE showed.

3M India post-market hours on Monday reported a net profit of ₹191 crore in the second quarter of the current financial year, marking an upside of 38% from ₹139 crore in the same period last year.

The company's revenue from operations advanced 14% to ₹1,266 crore in the July-September period as against ₹1,110.80 crore a year earlier.

The Post-it and Scotch Brite maker, 3M India, reported strong operational performance in the September quarter, as its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation), also known as operating profit, jumped 40% to ₹256 crore and its operating profit margin expanded by 370 basis points to 20.20% from 16.50%.

3M India's all business segments – transportation & electronics, safety and industrial, health care and consumer – registered sales growth on an annual basis, the company said in an exchange filing.

“The company delivered 14% sales growth in the second quarter of the current financial year versus Q2 of the prior year. The company delivered broad-based growth across all four business segments. For the quarter, healthcare sales grew 14.9%, consumer 14.6%, transportation & electronics 12.9% and safety & industrial 12.3% versus the prior year," said Ramesh Ramadurai, Managing Director of 3M India.

"We are encouraged with the sales growth in Q2 as well as the first half of FY 25-26, despite the timing benefit in the quarter due to certain project-related businesses. The company’s profit after tax grew 43% to ₹191 crores in Q2 FY26. The company maintained higher spend levels during the quarter in sales and marketing to improve market penetration. I thank our teams for their focus on customers and disciplined execution during the quarter," Ramadurai added.

3M India Limited, an Indian subsidiary of US-based 3M Company, was established in 1987 and has its headquarters in Bengaluru with branch offices in Gurgaon. 3M leverages its global innovation expertise to develop homegrown solutions that address the unique needs of diverse customers in India. 3M has invested in innovation centres at Bengaluru and Gurgaon to boost local product development. Its manufacturing footprint is spread across Bengaluru, Pune and Ahmedabad.

As of 9:45 am, 3M India shares traded 17% higher at ₹35,925, outperforming the NIFTY50 index, which was down 0.24%.