India's Britannia rises after naming new CEO, strong profit growth

Britannia Industries

06/11/2025 04:54

** Indian biscuit-maker Britannia Industries BRIT.NS rises 3.5% to 6,096.5 rupees

** Britannia's Q2 profit rises 23% y/y and net profit margins improve to 13.5% from 11.4% a year ago, benefitting from price hikes

** Co taps paints manufacturer Birla Opus' former chief Rakshit Hargrave as CEO

** BRIT's former CEO Rajneet Kohli stepped down in March

** New CEO Hargrave played a critical role in scaling the Birla paints business amid tough competition, Jefferies says

** On the day, Grasim Industries GRAS.NS, which includes Birla Opus, falls 5%

** YTD, BRIT up ~28%

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))