{"id":145831,"date":"2025-03-06T16:40:42","date_gmt":"2025-03-06T11:10:42","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=145831"},"modified":"2025-03-06T16:40:45","modified_gmt":"2025-03-06T11:10:45","slug":"fmcg-stock-falls-3-after-companys-ceo-resigns","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fmcg-stock-falls-3-after-companys-ceo-resigns\/","title":{"rendered":"FMCG stock falls 3% after company&#8217;s CEO resigns"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3554417306\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This FMCG company, which deals in the manufacture of products that include Biscuits, Bread, Rusk, Cakes, and Dairy products such as Cheese, Beverages, Milk, and others, dropped upto 3 percent after the Executive Director &amp; CEO resignation.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-312847609\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Share Price Movement&nbsp;<\/strong><\/h2><p>In Thursday\u2019s trading session, <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/BRITANNIA\" target=\"_blank\" rel=\"noreferrer noopener\">Britannia Industries Ltd<\/a><\/strong>&#8216;s share price was up by 1.70 percent and touched a day\u2019s high of Rs. 4,801. The stock reiterated from the day\u2019s high and touched a day\u2019s low price of Rs. 4,653.05, which is 3.08 percent lower than the previous close of Rs. 4,720.40 per share.\u00a0<\/p><p>The share price in the past year has given negative returns of 3 percent and has underperformed the Nifty Index in the same period.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened<\/strong><\/h2><p>The company\u2019s stock was in focus after its exchange filing revealed that the Chief Executive Officer and Executive Director, Rajneet Singh Kohli, has submitted his resignation on 5th March 2025 to pursue an opportunity outside Britannia. The Board of Directors has noted the resignation of Rajnath Singh Kohli and shall be relieved from the services of the company on 14th March 2025 within close of business hours.<\/p><div class=\"trade-content_5\" id=\"trade-3558682158\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials<\/strong><\/h2><p>In its latest filing for the quarter ending December 2024, the company reported a 7.91 percent increase in operating revenue, reaching Rs. 4,593 crore compared to Rs. 4,256 crore in Q3FY24. On a quarter-over-quarter basis, the operational revenue fell by 1.60 percent from Rs. 4,668 crore in Q2FY25.&nbsp;<\/p><p>During the same period, the net profit stood at Rs. 582 crore in Q3FY25, compared to Rs. 556 crore in Q3FY24quits . Quarterly, the profit increased by 9.39 percent from Rs. 532 crore.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Profile&nbsp;<\/strong><\/h2><p>Britannia Industries is a leading Indian food company founded in 1892, specializing in biscuits, bread, dairy products, and snacks. It holds a significant market share in India and exports to over 80 countries, with a strong focus on innovation and sustainability.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by &#8211; Santhosh S<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-3176219027\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This FMCG company, which deals in the manufacture of products that include Biscuits, Bread, Rusk, Cakes, and Dairy products such as Cheese, Beverages, Milk, and others, dropped upto 3 percent after the Executive Director &amp; CEO resignation. Share Price Movement&nbsp; In Thursday\u2019s trading session, Britannia Industries Ltd&#8216;s share price was up by 1.70 percent and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105392,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[3909,8176,6521,27121,25663,6520,3629,948,936,2597],"class_list":["post-145831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-britannia-industries","tag-britannia-industries-business","tag-britannia-industries-latest-news","tag-britannia-industries-limited","tag-britannia-industries-ltd","tag-britannia-industries-share-price","tag-fmcg-stock","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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