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Berry’s quick exit puts Britannia investors in a tough spot
Mint Chennai
|November 12, 2025
Shares of Britannia Industries Ltd closed 3% lower on Tuesday after the board accepted Varun Berry’s resignation and relieved him from his position as vice-chairman, managing director (MD) and chief executive officer (CEO) on 10 November. Rakshit Hargave will take over as MD and CEO from 15 December.
Berry’s impressive track record at the biscuit and dairy products company means Hargave has big shoes to fill. As Motilal Oswal Financial Services pointed out, Britannia at times (before Berry’s tenure) was considered a commodity business with a weak operating margin profile, which has changed significantly since.
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