Indian biscuit maker Britannia Industries announced on Thursday that its Chief Executive Officer, Rajneet Singh Kohli, has resigned after serving in the role for two-and-a-half years. Kohli will be relieved from his duties on March 14, as per his request. The company has not yet named his successor.
Kohli did not disclose the exact reason for his departure but mentioned in his resignation letter that he intends to “pursue an external opportunity.” The 50-year-old executive had previously held leadership roles at prominent companies such as Domino’s India (Jubilant FoodWorks), Asian Paints, and Coca-Cola Co.
Kohli’s impact on Britannia
Since joining Britannia in September 2022, Kohli has overseen significant growth, with the company’s shares rising nearly 25% during his tenure. His leadership focused on product diversification, expansion into the healthy food segment, and increasing manufacturing capacity in Odisha and Bihar.
Following the announcement, Britannia’s shares erased early-session gains, trading 0.6% lower as of 3:20 p.m. IST. The company has recently benefited from strategic price hikes to counter rising input costs, helping it surpass third-quarter profit estimates.
(With agency inputs)
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