Income Tax Officials Visit Marico Units, Company Moves Swiftly to Reassure

India’s fast-moving consumer goods (FMCG) major Marico Ltd confirmed that the Income Tax Department conducted survey operations at some of its offices and manufacturing units in India. The company stated that it has fully cooperated with the authorities during the process, which has now been completed.

 

Key Takeaways

Survey Background

Surveys by the Income Tax Department are part of routine tax compliance checks aimed at examining books of accounts, verifying records, and ensuring accurate tax disclosures. In Marico’s case, multiple offices and units were visited by tax officials. While the department has not issued any public comment yet, the survey is seen as a procedural exercise rather than a raid.

 

Company’s Response

Marico stated that it has extended full cooperation and necessary documents to the department. The company also reassured investors and stakeholders that the activity will not impact its ongoing operations. With a strong portfolio anchored by household brands such as Parachute, Saffola, and Livon, Marico remains one of India’s leading FMCG companies with domestic and global market presence.

 

Market Watch

Analysts expect Marico shares to be closely monitored in the coming sessions as investors assess potential regulatory or financial implications. However, the management’s quick clarification and assurance of continuity in day-to-day business have provided some comfort to markets.

 

Source: Exchange Filings, Business Standard, Economic Times