Britannia Industries denies speculation over resignation of its MD Varun Berry

26 Jun 2019 2:59 PM IST

Britannia Industries has seen strong results in Berry's tenure and is trying to be a "global total foods company.

$Britannia Industries Managing Director Varun Berry told \Once the decision is taken then we would have to get the capex going ... the earliest launch which we are looking at would be in next 9 to 10 months.\ (Photo:\ Representational Image)$

Britannia Industries Managing Director Varun Berry told "Once the decision is taken then we would have to get the capex going ... the earliest launch which we are looking at would be in next 9 to 10 months." (Photo:" Representational Image)

New Delhi: FMCG major Britannia Industries on Wednesday dispelled speculations over the resignation of its Managing Director Varun Berry from the company.

Terming the speculations as "false" as well as "incorrect and baseless", Britannia Industries said, Berry was re-appointed as the Managing Director for five years effectively from April 1, 2019, following his six years stint in the company from 2013.

"There have been false speculations over the last few days on Varun Berry's resignation from the company. We would like to clarify that these rumours are incorrect and baseless," Britannia Industries said in a statement. According to the company, Britannia Industries has seen strong results in Berry's tenure and is trying to be a "global total foods company".

Berry had joined Britannia Industries, which owns popular brands as Good Day, Tiger, Milk Bikis and Marie Gold, from food and beverage firm PepsiCo in 2013.

In FY2018-19, Britannia Industries, which operates in segments as biscuits, bread, cakes, rusk, and dairy products, had revenue of Rs 10,482.45 crore.

Britannia industries resignation Managing Director varun berry

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Britannia Industries denies speculation over resignation of its MD Varun Berry

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