Godrej Consumer Products shares tumble 10% to 52-week low as CEO Sudhir Sitapati resigns after reappointment

FMCG major Godrej Consumer Products shares tumbled 10% after the opening bell on Wednesday, August 12, as investors focused on the company’s outgoing Chief Executive Officer (CEO) Sudhir Sitapati’s sudden resignation months after the recent reappointment.

NSE data showed that Godrej Consumer Products shares declined 10% to their intraday and 52-week low of ₹922.50 apiece on Wednesday’s market, in contrast to ₹1,025 apiece at the previous equity market close.

After touching the year-low levels, the FMCG stock recovered some of its early market losses but was trading 8.8% lower at ₹935.70 apiece during the morning market hours on August 12.

As per the letter to the board, CEO Sudhir Sitapati tendered his resignation on August 10, informing the management about the company’s performance during his tenure while saying that his task is now over.

Godrej Consumer Products CEO Sudhir Sitapati’s resignation is effective from Tuesday, August 11, 2026.

Why did Sudhir Sitapati resign?

In his letter to the board, Sudhir Sitapati cited Godrej Consumer Products’ performance during his tenure and how the company has outpaced shareholders' return in comparison to the sectoral benchmark index Nifty FMCG.

On the ending note, Sudhir Sitapati said that he feels his task is done, and this provides the right time for the industry veteran to move on to something else.

“I feel that the task I had set for myself here is done and this is the right time to move on,” said Sitapati in his email to the board of directors on August 10.

The CEO resignation move failed to align with the company's investors and comes at a time when the entire FMCG industry is wading through uneven demand patterns, rising input costs and the continued pressure on the company's margins.

With more than two decades of experience in the FMCG industry, Sudhir Sitapati’s resignation comes after 5 years of working at Godrej Consumer Products. The veteran has more than 22 years of experience working at Unilever, as per LinkedIn data.

Board appoints new CEO

Godrej Consumer Products’ board of directors appointed Aasif Malbari as the new Managing Director & Chief Executive Officer of the FMCG company for a term of five consecutive years, liable to retire by rotation, with effect from August 12, 2026, subject to the approval of shareholders of the company.

Before the CEO appointment move, Aasif Malbari was serving as the company’s Chief Financial Officer (CFO) and Additional Director.

The board also approved Malbari’s appointment as a Member of the Corporate Social Responsibility Committee, Environment, Social & Governance (ESG) Committee and Management Committee of the Board of Directors.

Aasif Malbari shall continue to be a Member of Risk Management Committee as a Director, according to the exchange filing.

Godrej Consumer Products share price

Godrej Consumer Products shares have lost 4% in the last five years, down 7% in the last three years, and have dropped 21% in the last one-month period, according to the NSE data.

On a year-to-date basis (YTD), the company shares have declined 24% in 2026 and were down 13% in the last one-month period. Godrej Consumer Products shares have lost 11% in the last five trading sessions.

The company’s market capitalisation (m-cap) was at ₹94,983 crore as of the trading session on Wednesday, August 12, 2026.