The move comes after Jubilant Bhartia Group acquired a 40% stake in HCCB in 2025 and amid intensifying competition in India’s beverage market from Reliance Consumer Products’ Campa Cola brand | Photo Credit: Dado Ruvic

​Coca-Cola said on Monday it was ‌exploring a potential initial ​public offering in ⁠India for Hindustan Coca-Cola Beverages, the parent of its largest bottler in ‌the country.

The company is preparing for a ‌listing on the BSE ‌and ⁠the National Stock Exchange in ⁠2027, it said, adding that it is also exploring the sale ​of a portion ‌of its shareholding in the unit.

Indian conglomerate Jubilant Bhartia Group had completed ‌the purchase of a 40% ​stake in Hindustan Coca-Cola Beverages in 2025.

"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.

The beverage ​giant has been facing competition in India from Reliance's ⁠consumer products brand Campa Cola. ⁠Bloomberg News reported last year that an IPO ‌would value the Coca-Cola bottling unit at $10 billion.

Published on June 2, 2026