Godrej Consumer CEO Sudhir Sitapati resigns

On August 10, 2026, Sudhir Sitapati resigned with immediate effect as Managing Director and CEO of Godrej Consumer Products, just days after shareholders approved his reappointment for another five-year term at the annual general meeting on August 7. The board had been discussing an extension of his tenure, making the sudden exit surprising. The company appointed Aasif Malbari, then Global CFO and President of Godrej Africa, as the new MD and CEO effective August 12, and Vishal Kedia as interim CFO. The leadership change triggered a sharp market reaction: shares fell 10% to a 52-week low of Rs 916.20 on the BSE, and a three-year low of Rs 909, before recovering slightly. The stock was down about 9% in early trading, with heavy volume of 2.9 million shares in the first three minutes. Analysts noted the sudden transition rather than any change in strategy drove the selloff. The company reaffirmed its FY27 guidance of high-single-digit volume growth and double-digit revenue and EBITDA growth. Executive Chairperson Nisa Godrej emphasized the need for greater execution rigour and faster movement in online sales and digital marketing. The company plans to eventually have separate CEOs for India and international operations. The resignation came after a strong Q1 FY2027, with revenue up 18.3% and net profit up 11.5% year-on-year.