# Godrej Consumer shares crash 10% after CEO resigns

2026-08-12T23:05:29+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Godrej Consumer Products shares plunged 10% to a 52-week low of Rs 922.50 on Wednesday after CEO and MD Sudhir Sitapati resigned suddenly, just days after being reappointed for a five-year term. The sharp fall triggered the lower circuit, reflecting investor concern over leadership stability. The company appointed global CFO Aasif Malbari as the new CEO for a five-year term, while Vishal Kedia becomes interim CFO. Brokerages are divided. Jefferies termed the exit surprising, HSBC downgraded the stock to Hold citing higher uncertainty, but Systematix retained a Buy rating, arguing the leadership team can manage the transition with minimal strategic disruption. The market's reaction underscores anxiety over whether Malbari can sustain Sitapati's strategy while handling margin and demand pressures.

## Coverage

- timesnownews.com <https://www.timesnownews.com/business-economy/markets/godrej-consumer-stock-crashes-10-after-ceo-sudhir-sitapati-resigns-brokerages-turn-cautious-article-155596797>

Tags: brokerage views, CEO resignation, FMCG, Godrej Consumer, leadership transition, stock market
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