Shares of Godrej Consumer Products Limited (GCPL) fell by 10% on August 12, 2026, marking the company's worst single-day performance in six years.
The sharp decline followed the sudden resignation of MD and CEO Sudhir Sitapati, with Aasif Malbari stepping in to lead the company effective immediately.
Investors have expressed concerns regarding the sudden leadership transition, prompting the company to issue a statement aimed at stabilizing market confidence regarding its execution strategy.