Marico Rajeev Vasudeva retires
Marico (BSE: MARICO) said Rajeev Vasudeva has retired. The company is valued at about ₹1.01 lakh crore.
What happened
Marico (BSE: MARICO) informed the stock exchanges on 1 October 2026 at 03:11 PM that Rajeev Vasudeva has retired.
Company snapshot
Marico is a large-cap company in the Fast Moving Consumer Goods sector, with a market value of about ₹1.01 lakh crore.
The stock last traded at ₹775.1, against a 52-week range of ₹691.3–₹889.1 (12.8% below the high).
Before this filing the shares had moved −4.0% over the month and −8.0% over three months. Average daily turnover over the last 20 sessions was about ₹120 crore.
Promoters held 58.91% at the end of Q1 FY27, down 0.02% points from the previous quarter; 2.03% of promoter shares were pledged. Foreign institutions owned 23.40% and domestic institutions 13.02%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 3,259 | 504 | 3.9 |
| Q2 FY26 | 3,482 | 420 | 3.24 |
| Q3 FY26 | 3,537 | 447 | 3.45 |
| Q4 FY26 | 3,333 | 391 | 3.04 |
| Q1 FY27 | 3,957 | 630 | 4.86 |
What history shows
This is not the company's first management change disclosure: BCEIE has 1 earlier filing of this kind on record since May 2026.
Across 82 similar disclosures by other Fast Moving Consumer Goods companies, shares moved −1.7% on average the next day and −1.8% over five days; 39% of them rose the next day.
Market-wide, 3,837 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
- MARICO Stock Price and Chart — NSE:MARICO
- Marico Q2 Results FY27: Date, Expectations and Preview
- Stock Picks Today: Sun Pharma, Azad Engineering, Marico, NTPC, And More On Brokerages' Radar
- Harsh Mariwala says one Marico product failure taught company a key lesson about Indian consumers, shares
- ITC, Swiggy, Eternal, HUL, Dabur, Marico shares: BNP Paribas sees up to 47% upside; target prices
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.