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GCPL shares slide 10% at open after Sudhir Sitapati’s sudden exit as CEO
Godrej Consumer Products shares fell after CEO Sudhir Sitapati resigned and Aasif Malbari was appointed MD and CEO. Brokerages retained largely positive ratings but flagged near-term execution, strategy-clarity and valuation risks; GCPL reported 19% Q1 FY27 revenue growth and 9% volume growth.
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From the report. Source details below
| Shares opened 10% lower at | Rs 922.50 |
|---|---|
| Shares were trading | 8.63% lower |
| Sudhir Sitapati resigned effective August | 11 |
| Aasif Malbari becomes MD and CEO effective August | 12 |
| JPMorgan target price: | Rs 1,175 |
| Goldman Sachs target price: | Rs 1,175, cut from Rs 1,330 |
| Morgan Stanley target price: | Rs 1,204 |
| Citi target price: | Rs 1,350 |
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