Britannia Industries CEO Rajneet Singh Kohli steps down

FMCG main Britannia Industries, on Thursday, mentioned its Chief Govt Officer, Rajneet Singh Kohli, has stepped down from his position after serving for over two-and-a-half years.

Kohli, in his resignation letter, mentioned he has determined to resign efficient March 14 to pursue an exterior alternative. “I’d request you to kindly waive off my discover interval and relieve me from March 14,” he mentioned within the letter addressed to the corporate’s Govt Vice-Chairman and Managing Director, Varun Berry.

In a inventory change submitting, the biscuit maker mentioned, “Rajneet Singh Kohli, Govt Director and Chief Govt Officer of the corporate, has submitted his resignation on March 5, 2025, to pursue a chance exterior Britannia.”

The board of administrators of the corporate, on Thursday, famous the resignation of Kohli and determined that he might be relieved from the providers of the corporate with impact of shut of enterprise hours on March 14 as per his request.

Successor not named

Britannia didn’t identify Kohli’s successor. He was appointed as a member of the chief management and board of the corporate and designated as Govt Director and CEO on September 26, 2022.

Earlier than becoming a member of Britannia, Kohli was engaged with Jubilant Meals Works (JFL) because the President & Chief Enterprise Officer for Domino’s Pizza. Previous to JFL, he labored 14 years with Coca-Cola each in BU & Bottling facet as Senior Vice-President.

Beating market estimates, Britannia Industries has introduced shut to five per cent year-on-year rise in its consolidated internet revenue to ₹582.30 crore in the course of the third quarter of this fiscal from ₹555.66 crore for a similar interval final fiscal. Throughout the quarter, the corporate’s income grew 6.5 per cent to ₹4,463.30 crore, backed by worth hikes and a rebound in rural demand.

On Thursday, the corporate’s scrip ended the day at Rs 4706.90 apiece, which was down 0.29 per cent from the earlier shut.