Britannia Industries Limited, one of India’s leading food companies, has announced the appointment of Rakshit Hargave as Chief Executive Officer and Executive Director for a term of five years, subject to shareholders’ approval. The appointment was approved by the company’s Board of Directors at its meeting held on November 5, 2025.
The leadership change comes as Britannia reported a 23% year-on-year increase in net profit and steady sales growth for the September 2025 quarter, reflecting the company’s continued focus on operational efficiency, innovation, and category expansion.
For the quarter ended September 30, 2025, Britannia reported consolidated sales of ₹4,752 crore, marking a 4.1% growth over the previous year. The company’s net profit rose to ₹655 crore, up 23% year-on-year, supported by stable commodity prices and cost optimisation initiatives across the value chain.
The company’s adjacent bakery categories — including rusks, wafers, and croissants — continued to record double-digit growth, driven by the expansion of e-commerce channels and rising in-home consumption of indulgent treats such as Fudge It Cakes, Pure Magic Stars, Tarts, Jim Jam, and Little Hearts.
Varun Berry, Executive Vice-Chairman, Managing Director, and CEO of Britannia Industries, said:
“Our Revenue during the quarter registered a reasonable growth of 4.1% with the profits growing by 23.2%, driven by relatively stable commodity prices and sustained efforts to optimise costs across the value chain,” said Varun Berry, Executive Vice-Chairman, Managing Director and Chief Executive Officer.
“The recent GST rate rationalisation announced by the Government is a welcome step towards stimulating consumer demand and uplifting the overall economic sentiment in the country. However, transitional challenges arising from the GST-related changes in Supply Chain, Trade and Channels had a short-term impact on business during the latter part of the quarter, which is expected to normalise progressively in the coming quarter,”
“Looking ahead, we aim to drive the business through healthy volume-led growth as we continue to strengthen our presence across different geographies with regional-consumer centric product and distribution strategies, price competitiveness while leveraging our brand strength to sustain market leadership amidst the proliferation of multiple local players in different states and regions.”
With over two decades of experience in consumer goods and business leadership, Rakshit Hargave is set to lead Britannia’s next phase of growth and transformation. His appointment underscores Britannia’s commitment to building a future-ready, performance-driven organisation with a strong focus on innovation, expansion, and profitability.
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