Britannia Industries , a leading Indian food company, saw its shares climb up to 4% following the announcement of Rakshit Hargave as its new CEO and Executive Director. The stock reached an intraday high of Rs 6,191.00, marking its most significant single-day gain since September 4.

Key Highlights

• Britannia shares traded at Rs 6,119.00, with an intraday high of Rs 6,191.00
• The stock has gained 30% year-to-date and 7% year-on-year
• Rakshit Hargave's appointment as CEO and Executive Director is effective from December 15, 2025
• Hargave will report to Managing Director Varun Berry

New Leadership

Rakshit Hargave brings extensive experience in the consumer goods industry to Britannia. Previously the CEO of Birla Opus, the paints venture of Aditya Birla Group, Hargave has a diverse background in the FMCG sector. His career highlights include:

• Heading operations for Beiersdorf (makers of NIVEA) in ASEAN and ANZ regions
• Managing Director of Nivea India
• Sales and Marketing Director at Hindustan Unilever
• Chief Operating Officer at Lakme Lever
• Successful launch of Domino's Pizza's 30-minute delivery guarantee model at Jubilant Foodworks

Hargave's appointment comes after the departure of former CEO Rajneet Singh Kohli in March, with Managing Director Varun Berry serving as interim CEO.

Market Response

The market's positive reaction to Hargave's appointment is reflected in the stock's performance:

Analyst sentiment remains largely positive, with 25 out of 40 analysts recommending a 'buy' for Britannia stock. The average target price of Rs 6,269.00 suggests a potential upside of 2.50% from current levels.

Looking Ahead

As Rakshit Hargave prepares to take the helm at Britannia Industries, investors and industry watchers will be keen to see how his extensive FMCG experience and track record of innovation may shape the company's future strategies and market position in the competitive Indian food industry.

Britannia Industries' board has approved Hargave's appointment for a five-year term, subject to shareholder approval. The company plans to circulate a notice for a postal ballot to seek member approval for this appointment in due course.

With Hargave's diverse experience across various consumer sectors and his success in implementing innovative strategies like Domino's 30-minute delivery guarantee, Britannia may be positioning itself for potential market expansions and operational enhancements in the coming years.

Britannia Industries , a leading food products company in India, has reported a robust financial performance for the recent quarter. The company's consolidated net profit increased by 23% year-on-year to ₹6.50 billion, showcasing strong bottom-line growth.

Financial Highlights

For the quarter, Britannia Industries recorded:

• Revenue from operations of ₹48.40 billion, a 3.7% increase from ₹46.67 billion in the same quarter last year
• Consolidated net profit of ₹6.50 billion, up from ₹5.30 billion in the corresponding period of the previous year
• EBITDA of ₹9.60 billion, up from ₹7.84 billion in the same period last year
• EBITDA margin improved to 19.73% compared to 16.8% year-over-year

Performance Analysis

Britannia Industries' financial results demonstrate solid performance:

• The 23% year-on-year increase in consolidated net profit indicates improved profitability
• The 3.7% growth in revenue suggests steady market demand for the company's products
• The significant rise in EBITDA and improvement in EBITDA margin reflect enhanced operational efficiency and profitability

These results reflect Britannia Industries' ability to maintain its market position and profitability in the competitive food products industry.

Conclusion

Britannia Industries continues to demonstrate resilience and growth. The company's significant increase in net profit, steady revenue growth, and improved EBITDA performance reflect its strong market presence and effective operational strategies in the food products sector.