Varun Berry resigns as Britannia MD, CEO; co waives notice period
This story was originally published at 19:08 IST on 10 November 2025
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MUMBAI – Varun Berry has resigned as Britannia Industries Ltd.'s managing director and chief executive officer, according to a filing by the company. Berry had offered to serve the notice period but the company's board waived the requirement and he was relieved from the post Monday.
Britannia had already appointed Rakshit Hargave to the chief executive officer's post last week. Following Berry's resignation, Hargave will hold the post of managing director as well from Dec. 15. Till Hargave takes over, Chief Financial Officer Natarajan Venkataraman will be the interim chief executive officer, the company said.
Berry left Britannia after more than 12 years with the company. He had joined Britannia as vice-president and chief operating officer in February 2013. Hargave, who will be taking Berry's place, joined Britannia last week from Grasim Industries, where he was chief executive officer for the Birla Opus operations.
For the September quarter, Britannia reported a consolidated net profit of INR 6.54 billion and consolidated revenue of INR 48.41 billion. Monday, shares of the company closed slightly lower at INR 6,133.50 on the National Stock Exchange. End
Reported by Anshul Choudhary
Edited by Rajeev Pai
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