Berry replaces Bali in Britannia rejig | business | Hindustan Times
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Berry replaces Bali in Britannia rejig

business Updated: May 27, 2013 21:15 IST
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In a reshuffle at the top, leading biscuit maker Britannia Industries has named COO Varun Berry to lead the Indian operations, with current managing director Vinita Bali named to run the international business, Nutrition Foundation and new business development.

It could not be ascertained whether Berry, who has 27 years of experience with leading companies such Hindustan Unilever and Pepsico Foods, will be reporting to Bali or not.

The company's statement claims that it intends to aggressively scale up its international operations and at the same time increase focus on its large and profitable India operations.

"With these changes we are preparing the company for high growth in Britannia's India operations by catering to the changing food habits of the evolving Indian consumer and pursuing opportunities for growth in the overall food domain, here and abroad," said Nusli Wadia, chairman, Britannia Industries.

"The new structure will help Britannia grow faster in India while it also focuses on growth in the international markets and addresses new business opportunities for the company," said Bali.

The organisational changes comes just after the company on Friday posted 65.55% rise in its net profit to Rs 87.8 crore for the fourth quarter ended March 2013, as compared Rs 53.03 crore in the corresponding quarter last fiscal.

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