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
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