Godrej Consumer Shares Crash 10% After CEO's Sudden Exit: What Investors Need To Know

Godrej Consumer Products shares took a hit on Wednesday after CEO Sudhir Sitapati's sudden exit. The stock fell as much as 10 per cent in early trade, touching Rs 916.20 on the BSE.At 10:30 am, the share price of Godrej Consumer Products limited (GCPL) was down 8.73 per cent at Rs 929.10 (a drop of Rs 88.90). Its earlier 2026 low was Rs 967.25. From its 52-week high of Rs 1,308.40, the stock is now down about 30 per cent. The fall came after Sudhir Sitapati resigned as Managing Director and CEO with immediate effect. His exit surprised investors because the company had recently extended his tenure until August 2031.