BRITANNIA CEO RAJNEET SINGH KOHLI RESIGNS

Britannia Industries’ CEO, Rajneet Singh Kohli, has resigned from the company to pursue an opportunity outside the firm. Kohli will be relieved from his duties on March 14, showed the stock exchange filing. Britannia is yet to announce his successor.

The exit comes at a crucial juncture for Britannia, as the company navigates inflationary pressures and pricing strategies to protect its margins. In February, the company announced its plans to increase prices by 4.5% by the end of the 2024-25 financial year, after implementing a 2% price hike in the third quarter, which contributed Rs 100 crore to revenues. The move was part of a broader strategy to mitigate rising input costs, including cereal, oil, and cocoa price inflation, which the company said remained higher than anticipated.

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