In acidic media, permanganate oxidizes cleanly and quantitatively to Mn(2+) according to the following half-reaction:
MnO4(-) + 8H(+) + 5e ---> Mn(2+) + 4H2O
This reaction is fast and complete. The reaction product is (almost) colorless.
In neutral and basic solutions, permanganate oxidizes mainly to MnO2, but a certain part also can be reduced to Mn2O3 (hydrous form). A dark brown flocculent precipitate is formed with somewhat indeterminate composition, empirical formula is MnOx, with x close to 2, but usually slightly less (e.g. MnO1.95), with the precise value depending on the reductor, the precise pH and who knows what more conditions. Anyways, reduction of permanganate in neutral or basic media is much less clean and certainly not suitable for use in analytic chemistry.