Berry steps in, but new CEO likely in 4 months: Britannia

Britannia posted 9% rise in Q4 sales to ₹4,376 cr and a 4% increase in net profit to ₹559 cr, while full-year profit rose by 2%

- Suneera Tandon

Biscuits and dairy products maker Britannia Industries Ltd is likely to name a new chief executive officer (CEO) in three to four months following Rajneet Kohli's exit, the firm's top management said on Monday.

Varun Berry, its executive vice chairman and managing director, has been given additional charge of chief executive officer, effective 8 May 2025, in compliance with listing regulations of the Securities and Exchange Board of India (Sebi). Accordingly, he will be re-designated as executive vice-chairman, managing director and chief executive officer of the company, a regulatory filing by the home-grown fast-moving consumer goods (FMCG) company Friday evening showed.

During the company's post-earnings call, Berry said succession planning is underway. "It is a statutory requirement that the position of CEO has to be filled," Berry said on his appointment on Friday. "But succession planning is at play and it will definitely be clear to you in three to four months...things are in play. I cannot comment on anything more than that right now."