Britannia Industries 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 decision has been approved by the company’s Board of Directors at its meeting held on November 5, 2025.
Alongside this leadership change, the company has reported consolidated sales of Rs 4,752 crore for the quarter ended September 30, 2025, reflecting a 4.1% growth. Net profit has risen 23% year-on-year to Rs 655 crore, supported by stable commodity prices and cost optimisation initiatives.
Britannia has stated that its adjacent bakery categories, including rusk, wafers, and croissants, have continued to record double-digit growth, driven by the e-commerce channel and growing in-home consumption of indulgent products such as Fudge It Cakes, Pure Magic Stars, Tarts, Jim Jam, and Little Hearts.
“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,” he added.
“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.”
