Malbari will take charge as MD and CEO from August 12 for a five-year term, subject to shareholder approval, the company said in an exchange filing.
The board appointed Malbari as an Additional Director, designated as MD and CEO, with the appointment liable to retirement by rotation.
Following his elevation, Malbari has resigned as CFO with effect from the close of business hours on August 11. He will also join GCPL’s Corporate Social Responsibility, Environment, Social & Governance and Management committees, while continuing as a member of the Risk Management Committee as a director.
Sitapati tendered his resignation as director, MD and CEO through an email dated August 10, with effect from August 11.
His resignation also means he will cease to be a member of the company’s CSR, ESG, Risk Management and Management committees.
An ordinary resolution passed by shareholders at GCPL’s annual general meeting on August 7 approving Sitapati’s reappointment will consequently become ineffective and will not be acted upon, the company said.
GCPL Executive Chairperson Nisaba Godrej thanked Sitapati for the “bold thinking” he had brought to the company over the past five years and wished him success in the future.
The company did not give a reason for Sitapati’s resignation in the filing.
Malbari has around three decades of experience across the FMCG and automotive sectors, with stints at GCPL, Tata Motors and Hindustan Unilever.
As GCPL’s Global CFO, he has been involved in business strategy and worked with leadership teams across geographies to drive growth and improve performance.
He has also led the transformation of GCPL’s Africa business. The company said the business expanded its margin-accretive FMCG portfolio, led by the launch of its air care category, while strengthening its Hair Fashion business.
Before joining GCPL, Malbari was CFO at Tata Passenger Electric Mobility and Director at Tata Motors Passenger Vehicles. He played a key role in scaling the business, including its reorganisation and a $1 billion fundraise for the electric vehicle business.
Malbari is a Chartered Accountant and Company Secretary and secured the All India First Rank in both the CA Intermediate and Final examinations. He is a graduate of Sydenham College, University of Mumbai.
Nisaba Godrej said Malbari brings a “deep command of GCPL’s strategic and operating rhythm” and has demonstrated strong execution through his work on the Africa business.
“I believe it’s exactly the kind of ambitious, disciplined execution rigour GCPL needs across all our businesses for our next chapter,” Godrej said.
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Q1 results
Godrej Consumer Products reported 9% domestic volume growth in the June quarter, at the higher end of the 8%-9% CNBC-TV18 poll estimate. The stock, which fell more than 3% after the initial numbers, was seen recovering from the day’s lows. The company’s board also approved an interim dividend of ₹5 per share, with August 13, 2026 fixed as the record date.
For the June quarter, GCPL reported net profit of ₹504.5 crore, up 11.5% year-on-year but below the CNBC-TV18 poll estimate of ₹530 crore. EBITDA rose 15.5% to ₹802 crore, compared with the poll estimate of ₹785 crore, while EBITDA margin stood at 19%, lower than 19.4% a year ago but above the 18.5% estimate. Revenue rose 18.3% year-on-year to ₹4,225.5 crore, broadly in line with the CNBC-TV18 poll estimate of ₹4,246 crore.
