Britannia CEO Varun Berry Resigns
In a major leadership shakeup, Varun Berry, the CEO, Managing Director, and Executive Vice-Chairman of Britannia Industries Ltd, has stepped down from his roles. Berry, who has led the company through a decade of expansion and growth, submitted his resignation on November 6, 2025, which the board accepted during its November 10 meeting, waiving the notice period.
The company’s filing confirmed that Berry will be relieved from his services effective close of business on November 10, 2025, marking the end of an era for the iconic Indian FMCG company.
Rakshit Hargave to Take the Helm
With Berry’s departure, Rakshit Hargave has been appointed as the new CEO of Britannia, taking charge from December 15, 2025. Hargave will now lead the company as it continues its expansion in India and overseas markets, navigating both growth opportunities and challenges in the highly competitive FMCG sector.
Varun Berry’s Legacy at Britannia
Berry’s 10-year tenure saw Britannia achieve significant milestones, including:
- Expansion into new markets both domestically and internationally
- Driving product innovation and diversification across the bakery and FMCG portfolio
- Strengthening brand presence and operational efficiency
Under his leadership, Britannia became a household name and a market leader in the Indian bakery and FMCG sector.
Impact of the Leadership Change
Following his resignation, Berry will no longer be part of board committees, including:
- Stakeholders Relationship
- CSR
- Risk Management
- Finance
- Strategy and Innovation Steering
- IT Committees
This leadership transition marks a new chapter for Britannia, with Hargave tasked with continuing the growth trajectory while bringing fresh perspectives.
What’s Next for Britannia
As Hargave prepares to take over on December 15, 2025, the company is expected to focus on:
- Strengthening its product portfolio
- Expanding domestic and international markets
- Leveraging technology and innovation for operational efficiency
- Continuing sustainable growth strategies in a competitive FMCG landscape
Bottom Line
Varun Berry’s exit ends a remarkable decade of leadership at Britannia, leaving a strong legacy of growth, innovation, and market leadership. As Rakshit Hargave steps in as the new CEO, all eyes will be on how he steers the company into its next phase of growth and innovation.
