Varun Berry Resigns as Britannia MD and CEO
- Varun Berry has resigned from his positions as Vice Chairman, managing Director, and Chief Executive Officer (CEO) of Britannia Industries Ltd.
- In a resignation email addressed to Chairman Nusli Wadia, Berry stated, "…I would like to tender my resignation from the position of CEO and managing director of Britannia...
- The filing explicitly states that the Directors, acting on the recommendation of the Nomination & Remuneration Committee, accepted Berry's resignation at a meeting held on Monday, November 10,...
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Varun Berry Resigns as Britannia Industries CEO After 13 Years
Table of Contents
Updated November 10, 2025, 23:07:36 PST
Resignation Details and Immediate Acceptance
Varun Berry has resigned from his positions as Vice Chairman, managing Director, and Chief Executive Officer (CEO) of Britannia Industries Ltd. after a 13-year tenure in senior leadership roles at the company, according to a stock-exchange filing published on November 10, 2025.
In a resignation email addressed to Chairman Nusli Wadia, Berry stated, “…I would like to tender my resignation from the position of CEO and managing director of Britannia Industries Ltd. I will serve my notice period as per the contract…”. However, the Board of directors swiftly accepted his resignation and waived the requirement for him to fulfill the standard notice period.
The filing explicitly states that the Directors, acting on the recommendation of the Nomination & Remuneration Committee, accepted Berry’s resignation at a meeting held on Monday, November 10, 2025.
Succession Plan: Rakshit Hargave Takes the Helm
Rakshit Hargave, recently appointed as CEO last week, is slated to assume the additional responsibility of Managing Director on December 15, 2025. This transition ensures a relatively seamless handover of leadership.
Prior to joining Britannia Industries, Hargave served as the CEO of Birla Opus, the paints venture of the Aditya Birla Group. His experience in leading another major consumer-facing business positions him well to guide Britannia Industries forward.
Britannia Industries: A Snapshot
Britannia Industries is a leading Indian food company, known for its biscuits, breads, dairy products, and other baked goods. Founded in 1892, the company has a long history in the Indian market and a strong brand reputation. britannia’s products are widely distributed across India and increasingly in international markets.
| Key Financials (FY2024) | Value (INR Crore) |
|---|---|
| Revenue | 14,352 |
| Net Profit | 1,543 |
| Market Capitalization (Nov 10,2025) | 62,800 |
Varun Berry’s Tenure and Impact
Varun Berry’s 13-year leadership at Britannia Industries saw significant growth and innovation within the company. He oversaw expansions into new product categories and strengthened Britannia’s market position. Specific details regarding his key achievements are currently limited in publicly available sources, but his long tenure suggests a substantial impact on the company’s trajectory.