Britannia’s Varun Berry resigns; Rakshit Hargave named new MD and CEO

Britannia Industries Ltd. On Monday, it announced that its Managing Director and Chief Executive Officer, Varun Berry, has resigned from his post with immediate effect.

“Accordingly, his resignation will be effective and he will be relieved of his duties as Vice President, General Manager and Chief Executive Officer of the Company effective from the end of business hours today, November 10, 2025,” Britannia said in a filing to the stock exchanges.

With his resignation, Varun Berry will cease to be part of some of the board’s key committees, including the Shareholder Relations, CSR, Risk Management, Finance, Strategy and Innovation Steering and IT Committees.

With this, the company has appointed Rakshit Hargave, who will now serve as both MD and CEO, Britannia said in a statement to the stock exchanges in the filing.

Hargave will take over as CEO and MD of Britannia effective December 15, 2025, the company said. Meanwhile, insider Natarajan Venkataraman has been appointed as interim CEO, he added.

The food manufacturing giant announced that Hargave’s tenure as Britannia MD and CEO will continue for the next five years.

Hargave’s appointment as CEO and executive director was announced by the company last week. He was previously serving as the CEO of Birla Opus.

Who is Varun Berry?

Varun Berry took over as Britannia CEO in May after former CEO Rajneet Kohli resigned in March.

Berry, then a senior figure at the company, was already serving as Executive Vice President and MD of Britannia.

Varun Berry has been with Britannia for almost the last 13 years and has held key positions in the company for over a decade.

He joined the consumer goods giant in 2013 as vice president and chief operating officer.

Prior to his tenure at Britannia, Berry worked for PepsiCo’s India unit for over a decade. The industry veteran joined PepsiCo India in 1993 as Market Division General Manager. Seven years later in 2007, he joined PepsiCo International as COO of Vietnam and left as CEO of the company’s International Dairy and Juice unit in the UAE.

He later joined PepsiCo’s India unit.

Before joining PepsiCo, he worked as a marketing manager at Hindustan Unilever for over six years.

Varun Berry’s resignation from Britannia comes at a time when the company is charting the path for its next phase of growth. The company said it will become a “total food company” by expanding its products in the coming years.