Coca-Cola eyes potential IPO of India bottling unit in 2027

Multinational beverage corporation The Coca-Cola Company on Monday, June 1, announced that it is looking for a potential initial public offering of its botting unit in India.

The beverage manufacturer is preparing to list Hindustan Coca-Cola Holdings Private Limited, the parent company of the largest Coca-Cola bottler in India, Hindustan Coca-Cola Beverages Private Limited (HCCB), on the National Stock Exchange (NSE) and the BSE in 2027, according to a statement.

In the proposed IPO, The Coca-Cola Company will offload a portion of its shareholding in Hindustan Coca-Cola Holdings (HCCH).

Initial preparations are underway and a potential listing is subject to market conditions and other factors.

Commenting on the development, Sanket Ray, president, India and Southwest Asia and Emerging Large Markets Lead for The Coca-Cola Company, said, "This announcement is another important step for HCCB. Under the leadership of our trusted partners in Jubilant Bhartia Group, following the listing the bottler will be well placed to continue to pursue growth. The Coca-Cola Company will stay invested in this important bottler and focus on growing our portfolio of global and local brands in India."

In 2025, The Coca-Cola Company finalised a transaction in which Indian family-owned conglomerate Jubilant Bhartia Group acquired a 40% stake in HCCH.

Chairman and Co-Chairman of Jubilant Bhartia Group, Shyam and Hari Bhartia, said, "We are excited to take this next important step in the bottler’s journey and reap the benefits of the public listing to create value for all shareholders. Equally, we are looking forward to continuing to work with The Coca-Cola Company as an important shareholder in the company."

Eastablished in 1997, HCCH, and its operating unit HCCB, as of March 31, 2026, operated a network of over 2,000 distributors and reached more than 1.7 million customers. HCCB runs 14 bottling plants across India and works with eight co-packers.

HCCB is engaged in preparing, packaging, distributing and selling both sparkling and still beverages, including Coca-Cola, Sprite, Thums Up, Fanta, Maaza, Minute Maid, Limca and others.