India's Britannia Industries dips as CEO Kohli resigns

Britannia Industries

06/03/2025 09:45

** Shares of Britannia Industries BRIT.NS trim gains to trade 0.5% lower after co announces CEO resignation

** The consumer goods giant says CEO Rajneet Singh Kohli has resigned, effective March 14

** Stock among the 3 decliners in the 15 member Nifty FMCG index .NIFTYFMCG, which is up 1.17%; BRIT was up as much as 1.7% before announcement

** Analysts covering BRIT on avg have a "buy" rating, same as rivals Hindustan Unilever HLL.NS and Nestle India NEST.NS - LSEG data

** The stock had gained ~24% during his tenure, which began late Sept. 2022

 (Reporting by Ashna Teresa Britto in Bengaluru)

 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))