Marico falls on report India's income tax department conducting survey

Marico

17/09/2025 08:41

** Shares of Marico MRCO.NS fall 1.3% to 714.75 rupees

** India's Income Tax department is conducting surveys across Marico's offices and facilities pan India, CNBC TV-18 reports

** The department's Mumbai investigation unit is directing the exercise; details of the investigation are awaited - report

** Marico and IT department did not immediately respond to Reuters' request for comment

** Forty analysts covering MRCO have a "buy" rating on avg; median PT is 805 rupees - data compiled by LSEG

** Stock up ~12% YTD

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com))