Leadership Shake-up Sweeps Across India's Major FMCG Companies

India's fast-moving consumer goods (FMCG) sector is going through an unusually intense phase of leadership turnover, with a string of top companies replacing chief executives and reshuffling senior management as they look to sharpen execution and adapt to a fast-changing consumer market.

Over roughly the past year, at least half a dozen major players, including Hindustan Unilever Ltd (HUL), Godrej Consumer Products Ltd (GCPL), Dabur India, Britannia Industries and Colgate-Palmolive India, have announced changes at the very top, with Nestle India having already gone through its own transition just before this cycle began.

A tough operating backdrop

The management changes come against a backdrop of a difficult business environment for FMCG firms. Companies are dealing with uneven consumer demand, growing competition from regional and local brands, and pressure to keep volumes growing while protecting market share, profitability and earnings. Rising input costs, driven by geopolitical uncertainty and supply-chain disruptions, have added to the strain, even as investors push harder for sustainable growth and better margins.

At the same time, a shift towards premium products is changing what consumers want across categories, forcing FMCG companies to rework their product portfolios and build stronger innovation capabilities to tap into higher-value demand.

GCPL's surprise exit

The most jarring of these moves was Sudhir Sitapati's abrupt departure from GCPL earlier this month, an exit that caught the industry off guard. Sitapati stepped down just days after shareholders had cleared his reappointment for a fresh five-year term. The news sent GCPL shares tumbling as much as 11 per cent to a 52-week low the next day, its worst single-day fall in years. The company has since named group Chief Financial Officer Aasif Malbari to succeed him.

Colgate's transition

Colgate-Palmolive India has also announced a change at the helm. Managing director and CEO Prabha Narasimhan will move into a wider Asia-Pacific marketing role from the close of business on September 27, handing over to former Colgate executive Manish Anandani, who takes charge as her successor from September 28.

Taken together, industry watchers see these changes as a sign that boards are increasingly favouring leaders who can execute faster, win market share, and steer their companies through an unpredictable consumer and competitive environment.

How the cycle began

The current wave of change can be traced back to Priya Nair taking over as HUL's managing director and CEO from Rohit Jawa on August 1, 2025. Jawa had exited nearly three years before his five-year term was due to end.

Months later, in November 2025, Britannia Industries saw the sudden exit of Varun Berry, its executive vice-chairman, managing director and CEO, after he had led the biscuits-to-dairy major for more than a decade. His departure came roughly three years ahead of when his term was scheduled to end in 2029. Rakshit Hargave, previously CEO of Birla Opus, stepped in as Britannia's MD and CEO on December 15, 2025.

Dabur India, meanwhile, restructured its leadership by naming Herjit S Bhalla as CEO of its India business effective April 2026, while elevating Mohit Malhotra to the role of Global CEO, effectively splitting the company's India and international mandates. Bhalla brings more than 25 years of experience across Unilever, Metro Cash & Carry and Hershey, where he had led the India business before moving into global customer operations.

Nestle's shift towards digital-first leadership

Nestle India had already gone through its own change roughly a year earlier, with Manish Tiwary taking over as Chairman and Managing Director from August 1, 2025, succeeding Suresh Narayanan, who had guided the company through the aftermath of the Maggi crisis over his nearly decade-long tenure.

The choice of Tiwary, former country head of Amazon India, to replace Narayanan reflects a broader shift in how boards are thinking about leadership. Narayanan had spent almost his entire career in the FMCG industry, including 18 years at Nestle, and was known for his deep grasp of brand-building, distribution and consumer relationships. Tiwary, by contrast, brings a background rooted in technology, execution and digital commerce, an indication that Nestle India wants to build stronger capabilities in e-commerce, data-led decision-making and new-age consumer engagement as it plans its next phase of growth.

A similar generational and strategic shift has played out at Wipro Consumer Care and Lighting as well, where Vineet Agrawal retired after four decades with the company. Kumar Chander has since taken over as CEO and Managing Director of Wipro Enterprises, effective February 1, 2026.