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Marico Limited ( (IN:MARICO) ) has provided an update.
Marico Limited has disclosed a penalty of Rs. 1,00,000 imposed by the Food Safety and Standards Authority of India (FSSAI) for alleged misbranding of some product samples in 2016. Despite this penalty, the company states that there is no significant impact on its financials or operations, and it reserves the right to appeal the order.
More about Marico Limited
Marico Limited operates in the consumer goods industry, primarily focusing on health, beauty, and wellness products. The company is known for its wide range of hair care, skin care, edible oils, and healthy foods, catering to both domestic and international markets.
Average Trading Volume: 68,366
Technical Sentiment Signal: Buy
Current Market Cap: 942.6B INR
For an in-depth examination of MARICO stock, go to TipRanks’ Overview page.