StockWatch
·
Personal Care
Management Change11 Aug 2026, 03:55 pm

Godrej Consumer Products Appoints Aasif Malbari as MD & CEO

AI Summary

Godrej Consumer Products Limited (GCPL) announced the immediate appointment of Aasif Malbari as Managing Director & Chief Executive Officer, succeeding Sudhir Sitapati. Malbari, previously Global CFO and President Godrej Africa, has a three-decade career in FMCG and auto industries. His tenure saw significant transformation in GCPL's Africa business, boosting EBITDA margins from ~9% in FY24 to ~15% in FY26. He also played a key role in scaling Tata Motors' electric vehicle business, including a USD 1 billion fundraise. Nisaba Godrej, Executive Chairperson, expressed confidence in Malbari's ability to accelerate GCPL's growth, while thanking Sitapati for his contributions.

Key Highlights

  • Aasif Malbari appointed MD & CEO, effective immediately.
  • Malbari previously led transformation of GCPL's Africa business.
  • Africa business EBITDA margins grew from ~9% (FY24) to ~15% (FY26).
  • Malbari has extensive experience in FMCG and auto sectors.
  • Sudhir Sitapati steps down as MD & CEO.