Future Consumer appoints Rajnikant Sabnavis as CEO.

Future Consumer
Future Consumer Ltd has named industry veteran Rajnikant Sabnavis as the new Chief Executive Officer with effect from January 1, 2020.

Sabnavis brings in over 30 years of experience in creating and leading dynamic FMCG brands across India. He has worked with Hindustan Unilever Ltd (HUL) for 23 years and held major leadership positions across food and home and personal care categories. He most recently served as the Chief Operating Officer at Jyothi Laboratories.

He has helped set up the company’s research and development and quality team, created innovation pipelines, go-to-market strategies and an efficient distribution management system that led to significant EBIDTA growth, gain in market share and gross margins in competitive segments including fabric care.

Commenting on the appointment of Sabnavis, Ashni Biyani, Managing Director of Future Consumer Ltd said, “Rajnikant is one of the respected FMCG professionals in the country. He joins us at an exciting time in the Future Consumer’s growth journey. Future Consumer’s ambition is to expand the distribution network of its brands across food, home care, personal care and beauty in general trade over the coming years. Rajnikant brings in deep wisdom in FMCG that will accelerate our journey towards creating a new generation of brands for the Fast Moving Consumer Generation.”

Sabnavis is a Mechanical Engineering graduate from National Institute of Technology, Surathkal with an MBA degree from SP Jain Institute of Management, Mumbai.
Future Consumer Ltd is currently trading at Rs26.20 down by Rs0.7 or 2.6% from its previous closing of Rs26.90 on the BSE.
The scrip opened at Rs26.65 and has touched a high and low of Rs26.80 and Rs25.70 respectively. So far 9,26,131 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs5,167.64cr.

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