Marico

PVR INOX has entered into an agreement to sell select assets to FMCG major Marico, marking a strategic move aimed at sharpening focus on its core cinema exhibition business. The transaction reflects a broader trend among consumer-facing companies to streamline operations, unlock value from non-core segments, and strengthen balance sheets amid a challenging operating environment.

The Income Tax Department has initiated a survey at Marico Ltd., one of India’s most prominent fast-moving consumer goods (FMCG) companies, over alleged irregularities linked to foreign funding and tax compliance. The inquiry, carried out by the Mumbai investigation wing, spans Marico’s offices, factories, and dealer networks. While the company has yet to issue a formal response, the move has drawn attention from investors and analysts, as such actions often signal heightened scrutiny of corporate disclosures.

Marico Ltd., a leading player in India’s fast-moving consumer goods (FMCG) sector, anticipates modest operating profit growth for the first quarter of FY26, citing inflation in key raw materials like copra and a high comparative base. While easing vegetable oil prices and rangebound crude derivatives provided some relief, the company’s gross margins remain under incremental pressure. Despite this, Marico continues to invest in brand equity and expand its portfolio.