Varun Berry Resigns as Vice-Chairman and CEO of Britannia Industries Effective November 10, 2025

Britannia Industries has announced the resignation of Varun Berry from his roles as Vice-Chairman, Managing Director, and CEO. Rakshit Hargave will take over as Managing Director and CEO starting December 15, 2025. Until then, N Venkataraman, the current Executive Director and CFO, will serve as interim CEO.

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Berry's resignation was accepted by the board, which also waived his notice period requirement. Consequently, he will officially leave his position at the end of business hours on November 10, 2025. Berry joined Britannia Industries in 2013 and was promoted to the top role in May this year.

Leadership Transition at Britannia

Before joining Britannia, Hargave was the CEO of Birla Opus, a part of Grasim Industries under the Aditya Birla Group. His appointment comes shortly after Britannia's board outlined strategic goals on November 5, 2025. These goals aim to transform the company into a global total foods entity.

The board's strategy includes leading in innovation and diversification while tackling regional competitors. They plan to achieve this through cost efficiencies and boosting profits via top-line growth and market share expansion. Additionally, they aim to grow in adjacent businesses and expand internationally.

Future Prospects for Britannia

The board expressed confidence in the management team's ability to elevate the company under new leadership. They believe that with Hargave at the helm, Britannia can reach new heights in its industry.

Berry's departure marks a significant change for Britannia Industries as it focuses on these newly identified growth areas. The company is optimistic about its future direction and leadership transition.

With inputs from PTI