Marico under tax cloud; IT survey done at premises
The income tax department conducted a surprise survey at Marico's premises, led by the Mumbai investigation wing. The scope of the survey was not disclosed, but it involved 200 officers and comes ahead of the GST 2.0 rollout. Marico's stocks were down by 1.59% and the company's FY25 sales and net profit saw a year-on-year increase.