Britannia Industries announced on Thursday, March 6, that its Chief Executive Officer (CEO) and Executive Director, Rajneet Singh Kohli, has resigned.
Kohli, who joined the company as CEO on September 26, 2022, will be relieved of his duties on March 14, 2025, his last working day at the FMCG company.
In his resignation letter, Kohli stated that he was stepping down to pursue external opportunities. The sources from the company confirmed Business Headline that the Board of Directors, via a circular resolution, accepted his resignation.
This announcement follows the resignation of Britannia’s Chief Marketing Officer (CMO), Amit Doshi, who left the company in February after a three-year tenure. Kohli, prior to his role at Britannia, had leadership roles at Domino’s India, Asian Paints, and Coca-Cola Co. Under his leadership, Britannia reported a 5% increase in consolidated net profit to ₹582 crore for the quarter ended December 31, 2024, driven by price hikes and a recovery in rural demand.
Following the announcement, shares of Britannia slipped 0.58% to ₹4,692.85 on the Bombay Stock Exchange (BSE) ahead of the market closing.
