Britannia Industries Ltd has announced the appointment of Varun Berry to the role of Chief Executive Officer (CEO), effective May 8, 2025. This new designation is in addition to his current responsibilities as the Executive Vice-Chairman and Managing Director of the company. With this change, Berry will now hold the title of Executive Vice-Chairman, Managing Director, and Chief Executive Officer.
Varun Berry joined Britannia in 2013 as the Vice President and Chief Operating Officer. His leadership and strategic vision have been instrumental in the company’s growth over the past decade, leading to his progression to Executive Vice-Chairman and Managing Director. This latest appointment as CEO further underscores the Board’s confidence in his ability to steer Britannia forward.
Berry brings over 38 years of extensive experience in the FMCG sector, having worked with prominent companies such as Hindustan Unilever and PepsiCo, both in India and internationally. His track record includes successfully leading startups, joint ventures, and growing established businesses. He holds a degree in Engineering (BE Mechanical) from Punjab University.
The company clarified in a regulatory filing that there will be no changes to the terms and conditions of Varun Berry’s appointment, which were previously approved by the shareholders. This move appears to be a consolidation of leadership roles under Berry to streamline decision-making and further drive the company’s strategic objectives.
This leadership announcement coincides with Britannia’s report of a 4.2% rise in consolidated net profit to ₹559.13 crore for the March quarter of FY25. The company’s revenue from product sales also saw a 9% increase during the same period. For the entire fiscal year ending March 31, 2025, Britannia’s net profit rose by 2% to ₹2,177.86 crore, with a 7% increase in total consolidated income.
Varun Berry commented on the performance, highlighting the company’s resilience in a challenging operating environment and the positive impact of strategic pricing actions and cost efficiency initiatives.
Key Highlights:
- Britannia has appointed Varun Berry as its Chief Executive Officer, in addition to his current roles as Executive Vice-Chairman and Managing Director.
- Berry has been with Britannia since 2013 and has over 38 years of experience in the FMCG sector.
- This appointment is effective from May 8, 2025, with no changes to his existing terms.
- The announcement comes as Britannia reports a 4.2% rise in net profit for Q4 FY25 and a 2% increase for the full fiscal year.