The company’s board acknowledged the resignation through a circular resolution passed on the same day. Kohli will be officially relieved of his duties at the close of business hours on March 14, 2025.
“Rajneet Singh Kohli has decided to resign from the services of the company to pursue an external opportunity. We thank him for the contribution during his tenure as the CEO and member of the Britannia board, and wish him the best in his future endeavours,” Varun Berry, Executive Vice-Chairman and Managing Director of Britannia Industries said.
The resignation comes as Britannia continues to strengthen its leadership and strategic direction. The company has not yet announced plans for a successor.
In February, the FMCG major had announced that it will exit this fiscal year with a 4-4.5% price hike in order to combat a high inflationary and low demand environment. However, the management shared that it was prepared for further adjustments if inflation persists.
The company, which sells ‘Jim Jam’ and ‘NutriChoice’ biscuits, reported a 5% increase in consolidated net profit to ₹582 crore for the three months ended December 31.
Analysts, on average, had expected a profit of ₹521 crore, according to estimates compiled by LSEG.
The company, known for its ‘Jim Jam’ and ‘NutriChoice’ biscuits, reported a 5% rise in consolidated net profit, reaching ₹582 crore for the quarter ending December 31. This surpassed analysts’ average expectation of ₹521 crore, based on estimates compiled by LSEG.
Britannia Industries shares were last seen trading at a price of ₹4,697 on Thursday, down 0.5% from the opening price of ₹4,746.95 on the BSE.
First Published: Mar 6, 2025 3:18 PM IST
