Britannia Industries on Thursday said its Executive Director and Chief Executive Officer (CEO), Rajneet Singh Kohli, have resigned from office. Kohli, who was appointed as the CEO on September 26, 2022, will be relieved from office on March 14, 2025, the day on which his term of office at the FMCG giant ends.
Kohli cited outside career prospects as the reason for his resignation in his resignation letter. His resignation was approved by the Board of Directors of the company by circular resolution on March 6, 2025.
“The Board of Directors of the Company vide Circular Resolution dated today being 6th March, 2025 has reviewed the resignation offered by Mr. Rajneet Singh Kohli and has accepted the same, and he would be relieved from the services of the Company with effect from close of business hours on 14th March, 2025,” the company added.
Before joining Britannia, Kohli has also worked in leadership roles at Domino’s India under Jubilant Foodworks, Asian Paints and Coca-Cola Co. In his tenure as head of Britannia, the organization navigated a shifting business environment, where there was a focus on innovation, market building, and consumer-led strategies. The organization strengthened its product mix and strategic pricing realignment under his leadership during the period in response to emerging market trends.
The financial performance of Britannia was robust under Kohli as well. The company beat profit forecasts in the third quarter, led by price increases and reviving rural demand. The consumer goods behemoth also emphasized cost containment, posting steady growth despite inflationary pressures and supply chain hassles.
Kohli’s departure comes at a crucial juncture as Britannia continues its expansion plans in both domestic and international markets. The company is yet to announce a successor to fill the leadership void left by Kohli’s exit.
Following the announcement, Britannia’s stock dipped 0.58% to ₹4,692.85 per share on the BSE in late trading hours. Investors will be keenly watching the company’s next move as it navigates this leadership transition.
