Britannia Industries Ltd’s Executive Director and Chief Executive Officer (CEO) Rajneet Singh Kohli has resigned from his position, the company announced in an exchange filing on March 6. His last working day will be March 14, 2025.

Kohli, who was appointed as the CEO on September 26, 2022, is stepping down to pursue an external opportunity. In his resignation letter, he did not disclose further details regarding his next move. The company acknowledged his contributions and stated that the process of finding a successor is underway.

Following the announcement, Britannia’s stock reacted negatively, with its share price slipping 0.72% to Rs 4,688 on the National Stock Exchange (NSE) at 02:28 pm on March 6. Investors appeared cautious about the leadership change in the FMCG major.

Rajneet Singh Kohli’s tenure at Britannia

During his tenure, Kohli played a crucial role in strengthening Britannia’s market position, expanding its product portfolio, and driving revenue growth despite challenges such as inflationary pressures and rising input costs. His leadership helped the company navigate through the volatile economic landscape and maintain strong profitability.

Britannia, a dominant player in India’s biscuit and bakery segment, has been focusing on expanding its dairy and snacks business to diversify its revenue streams. Under Kohli’s leadership, the company accelerated its rural distribution strategy, premiumization efforts, and digitization initiatives.

Market reaction and leadership transition

The resignation has raised questions about Britannia’s future leadership and its ability to sustain its growth momentum. Analysts believe that Kohli’s departure may create short-term volatility in the stock, but Britannia’s strong brand presence and solid financials will help it navigate the transition.

The company has not yet announced a successor, and market experts will be closely watching Britannia’s next move. If the company quickly appoints a well-experienced industry leader, investor sentiment may stabilize.

FMCG sector trends and Britannia’s outlook

The Indian FMCG sector remains resilient, driven by increasing consumer demand, premiumization, and digital transformation. Britannia has been focusing on expanding into Tier 2 and Tier 3 cities while also launching new product categories.

Despite Kohli’s resignation, analysts remain cautiously optimistic about Britannia’s long-term prospects. The company’s strong distribution network, brand loyalty, and innovation-driven approach are expected to support growth in the coming quarters.

However, in the near term, investors may remain watchful of how the leadership transition unfolds and whether Britannia can sustain its profitability and market share amid industry challenges.

As Britannia navigates this leadership shift, market participants will closely follow further updates from the company regarding Kohli’s successor and the strategic roadmap for the future.

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