Britannia CEO Rajneet Singh Kohli Resigns, Effective March 14

Britannia Industries has announced that Rajneet Singh Kohli, the company’s Executive Director and CEO, has resigned. Kohli submitted his resignation on March 5, 2025, and the board acknowledged it on March 6, 2025. He will be relieved from his position at the end of business hours on March 14, 2025.

Kohli’s Tenure and Resignation Details

Kohli joined Britannia as CEO on September 26, 2022. His resignation letter, addressed to Britannia’s Vice Chairman and Managing Director, Varun Berry, stated that he was stepping down to pursue an external opportunity. The company has not announced a successor.

“After much thought and deliberation, I have reached a tough and difficult decision to resign from the services of the company,” Kohli mentioned in his resignation letter, as per the filing. Before joining Britannia, he held leadership roles at Domino’s India (Jubilant Foodworks), Asian Paints, and Coca-Cola.

Other Recent Exit

Britannia’s Chief Marketing Officer, Amit Doshi, also resigned in February 2025 after a three-year tenure.

Financial Performance

For the quarter ending December 2024, Britannia reported a 4.8% year-on-year increase in net profit, reaching ₹582.3 crore. Revenue from operations grew 7.9% year-on-year to ₹4,592.62 crore. As per the reports, the company has raised prices across its portfolio by 2% and expects a 4-4.5% increase by the end of the financial year.

Britannia Industries Ltd was trading at ₹4,744.00 as of March 7, 11:58 AM, up ₹41.45 (0.88%) for the day, but down 2.60% over the past month and 20.13% over the past six months.

Conclusion

Britannia has stated that it does not plan to make major capital expenditures unless there is a rise in demand. The company’s estimated spending for expansion is capped at ₹150-200 crore for the next financial year.

The company has not provided any details on its leadership transition or long-term strategy following Kohli’s resignation.

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