With over 60% gain since the lockdown in March, Britannia is the best performing FMCG stock on Indian bourses. The company’s managing director Varun Berry has been using this opportunity to sell a portion of his holdings. He has sold Rs 68.4 crore worth shares since the beginning of FY21, according to stock exchange filings. Over the past year, he has sold shares worth Rs 105 crore.Berry, who has been responsible for a major turnaround in the fortunes of Wadia group’s biscuit company, had 1.09 lakh shares at the beginning of April. Since then he has been allotted another 2.8 lakh shares of the company. But he now owns only 93,632 shares worth approximately Rs 35.6 core.Shares of Britannia have seen a dream run over the past few months as a nationwide lockdown led people to consume more packaged food. In the June quarter, the company’s sales volume grew by 21.5% year-on-year, highest in the past five years. Its revenue grew by 26.7% and net profit rose by 118%. The company’s stock trades near record high price and valuation. At Wednesday’s closing price of Rs 3,814.1 on the BSE, the stock was traded at 50 times estimated FY21 earnings.Since Berry took over in January 2013, the stock has gained 16 times. He was re-appointed as the company’s managing director in May 2018 for five more years.