Britannia Industries Limited, a leading Indian food-products corporation, has announced a significant leadership transition that is set to reshape its top management structure.

Key Leadership Changes

Varun Berry, who served as the Vice-Chairman, Managing Director, and Chief Executive Officer, has resigned from his position. His resignation will take effect from the close of business hours on November 10, 2025. The Board of Directors has waived off Mr. Berry's notice period obligation, allowing for an immediate transition.

New Leadership

Rakshit Hargave has been appointed as the new Managing Director and Chief Executive Officer of Britannia Industries. Mr. Hargave's tenure is set to begin on December 15, 2025, subject to approval from the company's shareholders. His appointment is for a term of five years.

Mr. Hargave brings a wealth of experience to his new role:

• Previously served as the CEO of Birla Opus, the paints venture of Grasim Industries (Aditya Birla Group)
• Held key positions in companies such as Beiersdorf (makers of NIVEA), Hindustan Unilever, Jubilant Foodworks, Nestle India, and Tata Motors
• MBA from Faculty of Management Studies, Delhi
• Holds a degree in Electrical Engineering from the Indian Institute of Technology, Varanasi

Interim Arrangement

To ensure a smooth transition, Natarajan Venkataraman, the current Executive Director and Chief Financial Officer, will take on the additional responsibility of Interim Chief Executive Officer. Mr. Venkataraman will hold this position from November 10, 2025, until Mr. Hargave assumes office on December 15, 2025.

Strategic Focus

The Board of Directors has identified several growth levers for Britannia's future as a global total Foods Company:

1. Leadership in innovation and diversification
2. Aggressive addressing of regional competitors supported by cost efficiencies
3. Profit improvement through growth in top line and market share gain
4. Focused growth in adjacency businesses
5. Expansion of international footprint

The Board has expressed confidence that the management team under the new leadership will be able to drive the company to new heights.

This leadership transition marks a significant moment for Britannia Industries as it aims to strengthen its position in the competitive food products market and expand its global presence.

Shareholder Approval

The company will be seeking shareholder approval for Mr. Hargave's appointment through a postal ballot, details of which will be circulated in due course.

As Britannia Industries embarks on this new chapter, stakeholders will be keenly watching how the new leadership navigates the company's growth strategy and addresses the evolving challenges in the food industry landscape.

Britannia Industries Limited , a leading FMCG company in India, has announced plans to adjust its pricing strategy to maintain competitiveness in the market. The company also shared insights on its future goals and outlined plans for strong revenue growth during a recent conference call update with investors and analysts.

Pricing Adjustments

In response to market dynamics, Britannia is set to implement strategic pricing adjustments. This move aims to ensure the company's products remain competitive while navigating the challenges in the FMCG sector.

Revenue Growth Strategy

The company has laid out plans for robust revenue growth. During the investor conference call, Britannia's management highlighted several key initiatives to drive this growth:

1. Product Innovation: Focus on introducing new products and variants to cater to evolving consumer preferences.
2. Market Expansion: Plans to strengthen presence in existing markets and explore new geographical areas.
3. Distribution Efficiency: Efforts to enhance sales and distribution networks for better market penetration.
4. Digital Initiatives: Leveraging technology to improve operational efficiency and consumer reach.

Financial Performance

While specific financial figures were not disclosed in the recent update, Britannia's performance in the previous quarter provides context for its current strategies:

The company's profit margins have shown improvement, with the Profit from Operations percentage increasing to 18.30% in Q2 FY26, up from 14.90% in the previous quarter.

Market Position

Britannia continues to maintain a strong position in the biscuit market. The company has sustained a healthy gap versus organized national players over the last three years, although there has been a marginal share loss to multiple local and regional competitors.

Commodity Price Impact

The company is navigating through fluctuating commodity prices, which may influence its pricing strategy:

• Refined Palm Oil prices have increased by 29% year-on-year
• Sugar prices have risen by 3% year-on-year
• Flour prices are up by 6% compared to the previous year

These commodity price trends are likely factors in Britannia's decision to adjust its pricing strategy.

Future Outlook

Britannia's management expressed a positive outlook, focusing on:

1. Driving healthy volume-led growth through region-consumer centric products
2. Investing in key core brands through product restaging and media interventions
3. Sustaining margins through cost-saving initiatives, subject to stable commodity prices

As Britannia implements these strategies, investors and consumers alike will be watching closely to see how the company navigates the competitive FMCG landscape while striving for growth and profitability.