Coca-Cola is exploring a potential initial public offering (IPO) in India for Hindustan Coca-Cola Holdings (HCCH), the parent company of its main bottling operations in the country. The Coca-Cola Company says it is preparing to list the bottling unit on India’s BSE and the National Stock Exchange in 2027 and is also considering the sale of a portion of its stake as part of the process. Coca-Cola currently holds a 60% stake in HCCH, while Jubilant Bhartia Group holds the remaining 40%, after acquiring its stake in 2025. HCCH, established in 1997, operates multiple bottling plants across India and packages, distributes and sells beverages including Coca-Cola and other brands. Coca-Cola says it plans to stay invested in the bottler and continue focusing on growing its brand portfolio in India. The company reports strong recent performance in India, with 2024-25 sales of 50 billion rupees. Coca-Cola also retained Rothschild as an adviser for the potential listing.
Coca-Cola explores IPO of India bottling unit in 2027 and possible stake sale
Coca-Cola is exploring a potential initial public offering (IPO) in India for Hindustan Coca-Cola Holdings (HCCH), the parent company of its main bottling operations in the country. The Coca-Cola Comp...
- Coca-Cola is exploring an IPO in India for Hindustan Coca-Cola Holdings (HCCH).
- The proposed listing is on BSE and the National Stock Exchange, targeted for 2027.
- Coca-Cola currently holds a 60% stake in HCCH; Jubilant Bhartia Group holds 40% after acquiring it in 2025.
- Coca-Cola is also considering selling a portion of its stake in HCCH alongside the IPO.
- HCCH is the bottler that packages, distributes and sells Coca-Cola and other beverage brands in India.
The Coca-Cola Company as its asset-light strategy, is divesting its bottling assets globally
2 months agoCoca-Cola said on Monday it was exploring a potential initial public offering in India for Hindustan Coca-Cola Holdings, the parent of its largest bottler in the country. The beverage giant is preparing to list the bottling unit on India's BSE and the National Stock Exchange in 2027 and is exploring the sale of a portion of its stake in the bottler, it added. It currently holds a 60% stake in Hindustan Coca-Cola Holdings after Indian conglomerate Jubilant Bhartia Group completed the purchase of a 40% stake in the bottler in 2025. The bottler, established in 1997, operates 14 bottling plants across 10 states in India and packages, distributes, and sells beverages, including Coca-Cola, Thums Up, Sprite, and Fanta. "The Coca-Cola Company will stay invested in this important bottler and focus on growing our portfolio of global and local brands in India," said Sanket Ray, Coca-Cola president for India and Southwest Asia and emerging large markets lead. Coca-Cola counts India as a major growth market. It reported sales of 50 billion rupees ($526.37 million) in 2024-25, its highest since at least 2021. The drinks giant has been facing competition in India from Reliance's consumer-product brand Campa Cola. Bloomberg News reported last year that an IPO would value the Coca-Cola bottling unit at $10 billion. Coca-Cola said it retained Rothschild to advise on the listing.
2 months agoIt currently holds a 60 per cent stake in Hindustan Coca-Cola Holdings after Indian conglomerate Jubilant Bhartia Group completed the purchase of a 40 per cent stake in the bottler in 2025
2 months ago
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