Britannia New CEO: Britannia Industries Limited, one of India’s most trusted FMCG companies, is back in the news today. Varun Berry, the company’s longtime CEO and Managing Director, has resigned from his position. Following his resignation, all eyes are on who will take the reins of Britannia and what direction the company’s future will take.
Varun Berry Tenure: From a Biscuit Company to a Complete Food Brand
When Varun Berry took over Britannia in 2014, the company was primarily known for biscuit manufacturing. However, over the past decade, under his leadership, Britannia has transformed its identity. He transformed the company from a biscuit brand to a complete food brand.
During his tenure, brands like Good Day, Marie Gold, and NutriChoice gained immense popularity. Furthermore, the company also established a strong presence in dairy products, snacks, and other food categories. Varun Berry’s strategic thinking and leadership have positioned Britannia strongly in the competitive FMCG market.
Announcement of Resignation at the Company and the Board Decision
| Category | Details |
|---|---|
| Company | Britannia Industries Limited |
| Outgoing CEO | Varun Berry |
| Tenure of Outgoing CEO | 2014 – 2025 |
| Contributions of Varun Berry | Transformed Britannia from a biscuit company to a complete food brand, popularized Good Day, Marie Gold, NutriChoice, expanded into dairy and snacks |
| Date of Resignation | 6 November 2025 |
| Board Acceptance of Resignation | 10 November 2025 |
| Interim CEO | Natarajan Venkataraman (Executive Director & CFO) |
| New CEO & MD | Rakshit Hargave |
| Start Date of New CEO | 15 December 2025 |
| Previous Role of New CEO | Formerly at Birla Opus |
| Industry Expectation | Maintain Britannia’s brand legacy and drive growth across FMCG sectors |
| Disclaimer | Information is based on public sources and official company announcements; consult experts for investment decisions |
Britannia informed the stock exchanges on Monday that Varun Berry had resigned from his position effective November 6, 2025. The company’s board approved his resignation at its meeting on November 10 and waived the notice period. The company also stated that Varun Berry was relieved of his services by the end of the trading day on November 10, 2025.
The news of his sudden resignation has created a stir in the industry, as Varun Berry was considered a key architect of Britannia’s success.
Who will now take charge of Britannia?
The company has announced that Rakshit Hargave has been appointed as the new CEO and Managing Director. He will assume his duties effective December 15, 2025. Hargave recently joined Britannia after resigning from Birla Opus.
#JustIn | Varun Berry resigns as MD & CEO of Britannia Industries pic.twitter.com/CvL1LOmgN2
— CNBC-TV18 (@CNBCTV18Live) November 10, 2025
Currently, Natarajan Venkataraman, the company’s Executive Director and CFO, is serving as interim CEO. With Rakshit Hargave’s arrival, the industry is curious as to whether he will be able to lead Britannia forward with the same strong leadership and vision as Varun Berry.
Varun Berry Legacy and Future Expectations
Varun Berry tenure at Britannia has been inspiring. He strengthened the company financially and took it to new heights. During his tenure, the company’s market cap increased manifold, and Britannia achieved the top position in the Indian FMCG market.
Now, Rakshit Hargave will be responsible for maintaining this strong foundation while preparing the company for the challenges and opportunities of the next decade.
The Beginning of a New Chapter
This transition marks the beginning of a new chapter for Britannia. Investors, consumers, and industry experts are now closely monitoring how the new leadership sets the direction for the company.
If Rakshit Hargave utilizes his strategy and experience wisely, it is possible that Britannia will reach even greater heights in the years to come.
FAQs
Q1. Who is the new CEO of Britannia Industries?
Rakshit Hargave will become the new CEO from 15 December 2025.
Q2. When did Varun Berry resign from Britannia?
Varun Berry resigned on 6 November 2025, accepted by the board on 10 November.
Q3. What were Varun Berry’s key contributions to Britannia?
He transformed Britannia into a full food brand and expanded product lines.
Q4. Who is handling the CEO role currently?
Natarajan Venkataraman is the interim CEO and company CFO.
Q5. What challenges might the new CEO face?
Maintaining brand legacy and driving growth in the competitive FMCG sector.
Disclaimer: This article is for informational purposes only. The information provided is based on public sources and official announcements. Please seek expert advice before making any investment or trading decisions.
