Britannia Industries, one of India’s leading FMCG companies known for its biscuits and bakery products, announced on March 6, 2025, that its CEO and Executive Director, Rajneet Singh Kohli, has resigned. His last working day will be March 14, 2025. Kohli, who led the company since September 2022, is leaving to pursue an external opportunity. Britannia did not name his successor, and its stock edged lower following the announcement.
Britannia Industries, one of India’s largest fast-moving consumer goods (FMCG) companies, announced that its CEO and Executive Director, Rajneet Singh Kohli, has resigned. The company, known for its popular brands like Good Day, Bourbon, and NutriChoice, confirmed that Kohli will be relieved of his duties on March 14, 2025.
Britannia stated in a regulatory filing to the stock exchanges that Kohli had decided to step down to pursue an external opportunity. He was appointed CEO on September 26, 2022, bringing extensive experience from leadership roles at Domino’s India (Jubilant FoodWorks), Popeyes, Dunkin’, Asian Paints, and Coca-Cola.
Britannia Stock Reacts to Leadership Change
Following the announcement, shares of Britannia Industries declined by 0.58% to ₹4,692.85 apiece on the Bombay Stock Exchange (BSE) ahead of market closing. Investors reacted cautiously as the company has yet to name a successor.
Britannia’s Recent Performance and Growth Strategy
Britannia Industries, headquartered in Bengaluru, Karnataka, has been a key player in India’s FMCG sector, particularly in the biscuit and bakery segment. The company recently reported a 5% increase in consolidated net profit to ₹582 crore for the quarter ending December 31, 2024. This growth was driven by price hikes and strong rural demand.
Under Kohli’s leadership, Britannia focused on product diversification, expanding into the health-food segment, and increasing manufacturing capacity in Odisha and Bihar. The company also benefited from strategic price adjustments to counter rising input costs.
Industry Reactions and Future Outlook
Commenting on Kohli’s resignation, Varun Berry, Executive Vice-Chairman and Managing Director of Britannia Industries, stated, “Rajneet Singh Kohli has decided to resign to pursue an external opportunity. We thank him for his contributions and wish him success in his future endeavors.”
Britannia’s Chief Marketing Officer, Amit Doshi, also stepped down in February 2025 after a three-year tenure, marking another significant leadership change for the company.
While Britannia remains financially strong, the leadership transitions raise questions about the company’s strategic direction in the highly competitive FMCG market. Investors and analysts will be closely watching for updates on Kohli’s successor and Britannia’s future growth plans.
