NSEPress Release3d ago · 11 Aug 2026, 03:53 pm
Press Release
Godrej Consumer Products Limited · GODREJCP
✦ AI Summary▲ PositiveMgmt Change
Godrej Consumer Products Limited has appointed Aasif Malbari as Managing Director & CEO, effective immediately. Aasif has three decades of experience in the FMCG and auto industries, and has delivered an outstanding transformation of GCPL's Africa business.
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Growth Catalyst9/10
Governance Concern2/10
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Market Sentiment9/10
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Godrej Consumer Products Limited has informed the Exchange regarding a press release dated August 11, 2026, titled "Godrej Consumer Products appoints Aasif Malbari as Managing Director & CEO".
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Godrej Consumer Products Limited
Godrej One, 4th Floor,
Pirojshanagar,
Eastern Express Highway,
Vikhroli (E), Mumbai – 400 079, India
Tel.: +91-22-2518 8010/ 8020/ 8030
Fax.: +91-22-2518 8040/ 8065/ 8069
Website: www.godrejcp.com
CIN: L24246MH2000PLC129806
August 11, 2026
BSE Limited National Stock Exchange of India Limited
Corporate Relations Department Exchange Plaza,
Phiroze Jeejeebhoy Towers, Dalal Street, Bandra-Kurla Complex,
Fort, Mumbai - 400 001 Mumbai 400 051
Scrip Code: 532424 Symbol: GODREJCP
Dear Sir/Madam,
Subject: Press Release
Please find enclosed the Press Release which is self-explanatory.
Kindly take the above on record.
Thanking you,
Yours faithfully,
For Godrej Consumer Products Limited
Tejal Jariwala
Company Secretary & Compliance Officer
(F9817)
Encl.: As above
PRESS RELEASE
Godrej Consumer Products appoints Aasif Malbari as Managing
Director & CEO
Mumbai, August 11, 2026: The Board of Directors of Godrej Consumer Products Limited
(GCPL) today announced the appointment of Aasif Malbari, currently Global Chief Financial
Officer and President Godrej Africa, as Managing Director & Chief Executive Officer of GCPL,
effective immediately. He will succeed Sudhir Sitapati, who will be stepping down as MD and
CEO.
Aasif has spent three decades in the FMCG and auto industries, at GCPL, Tata Motors, and
Hindustan Unilever. As Global CFO, he directly oversees business strategy and has played a
critical role in partnering leadership teams across geographies to advance growth and
strengthen performance. Aasif has delivered an outstanding transformation of GCPL’s Africa
business. The business has rapidly grown its margin-accretive FMCG portfolio, headlined by
the highly successful launch of our air care category, while strengthening the legacy Hair
Fashion business. This has resulted in EBITDA margins growing significantly, from ~9% in
FY24 to ~15% in FY26.
Prior to joining GCPL, Aasif served as Chief Financial Officer at Tata Passenger Electric Mobility
and Director at Tata Motors Passenger Vehicles, where he played a key role in scaling the
business significantly, including its reorganisation and a USD 1 billion fundraise in the electric
vehicle business. Earlier in his career, he worked at Hindustan Unilever across a range of finance
and business roles. Aasif is a Chartered Accountant and Company Secretary who secured the
All India First Rank in both the CA Intermediate and Final examinations.
Nisaba Godrej, Executive Chairperson of GCPL, said “As Global CFO, Aasif brings deep
command of GCPL’s strategic and operating rhythm. He has also led an outstanding
transformation of our Africa business and I believe it's exactly the kind of ambitious, disciplined
execution rigour GCPL needs across all our businesses for our next chapter. Aasif leads with
humility and integrity, and the Board and I have complete confidence in him to accelerate GCPL's
growth alongside our very strong team.
I want to thank Sudhir for the bold thinking he has brought to GCPL over the last five years, and
we wish him success in what comes next.”
Aasif Malbari, said, "GCPL has always stood for trust, innovation, and boldness. I’m very grateful
that Nisa and the Board have entrusted me to carry that forward. Our fantastic team and I are
committed to meeting their high expectations; elevating performance in our core while accelerating
new category growth. We have iconic brands and significant category development opportunities
ahead of us, and I’m very excited to get started in my new role."
--------------
Press Release – August 11, 2026
About Godrej Consumer Products Limited
Godrej Consumer Products is a leading emerging markets company, driven by the purpose of
bringing the goodness of health and beauty to consumers in emerging markets. As part of the
Godrej Industries Group, we are fortunate to have a proud legacy of over 125 years, built on the
strong values of trust, integrity, and respect for others. At the same time, we are growing fast
and have exciting, ambitious aspirations.
Today, we enjoy the patronage of 1.4 billion consumers globally. We rank among the largest
Household Insecticide and Hair Care players in emerging markets. In Household Insecticides,
we are the leader in India, the second largest player in Indonesia and are expanding our
footprint in Africa. We are the leader in serving the Hair Care needs of women of African
descent, the number one player in Hair Colour in India and Sub-Saharan Africa, and among the
leading players in Latin America. We rank number two in Soaps in India and are the number one
player in Air Fresheners and Wet Tissues in Indonesia.
We believe that we are only as good as what we do next. So, we strive to continuously improve
how we do business, and how we live in the world, shaping a more sustainable and responsible
future by placing our planet and people alongside profit. Through Godrej Good & Green, we
are helping create a more inclusive and greener planet, in line with the United Nation’s
Sustainable Development Goals, and the needs of local communities. At the Godrej DEI
(Diversity, Equity, Inclusion) Lab, we work on empowering inclusion, help build DEI ecosystems
across corporate India and aim to bring ideas and innovation related to DEI to the mainstream.
Disclaimer:
This communication is provided for information purposes only and does not constitute (and should
not be construed as) an offer, invitation or solicitation to buy or sell any securities or other financial
instruments, or any investment advice. Recipients should make their own independent assessment
and consult appropriate professional advisers. The information and opinions contained herein are
stated as of the date of this communication and are subject to change without notice; while
reasonable care has been taken in its preparation, the Company makes no representation or
warranty, express or implied, as to the accuracy, completeness or fairness of such information
(including any third-party/industry data) and, to the fullest extent permitted by law, disclaims any
liability for any loss arising from the use of this communication or its contents. Certain statements
herein August constitute “forward-looking statements” under applicable laws and regulations,
based on current expectations, assumptions and information available to the Company, and involve
risks and uncertainties that could cause actual results to differ materially, including changes in
economic and market conditions, competitive dynamics, laws, regulations, taxes and their
interpretation, foreign exchange and interest rate movements, demand and supply conditions,
operational or supply-chain disruptions, labour matters, litigation or regulatory proceedings, and
the timing or impact of corporate actions. Forward-looking statements speak only as of the date
hereof and undue reliance should not be placed on them; except as required by law, the Company
undertakes no obligation to update or revise them. This communication should be read together
with the Company’s disclosures and filings made from time to time in accordance with applicable
legal and regulatory requirements; where alternative performance measures are included, they are
presented for supplemental purposes, August not be comparable across companies, and should not
be viewed as a substitute for financial information prepared in accordance with applicable
accounting standards.
Press Release – August 11, 2026