Coca-Cola eyes 2027 India IPO for Hindustan Coca-Cola bottling arm

Coca-Cola is exploring a partial stake sale via BSE/NSE listing of Hindustan Coca-Cola Holdings in 2027. The bottler — operating 14 plants across 10 states and co-owned with Jubilant Bhartia Group (40%) — clocked record FY25 sales of Rs 50 billion as Reliance-backed Campa Cola intensifies the price war.

— Source publishedTue, 2 Jun, 2026, 09:13 IST·First seen Tue, 2 Jun, 2026, 09:45 IST·Source ET Retail

What happened

Coca-Cola plans a 2027 BSE/NSE IPO of Hindustan Coca-Cola Holdings, its largest India bottler, exploring partial stake sale. The bottler runs 14 plants across

Key facts

  • 60% stake
  • 40% stake
  • 14 bottling plants
  • 10 states
  • 50 billion rupees
  • $526.37 million
  • $10 billion

Why this matters

The Jubilant Bhartia 40% co-ownership structure and partial stake sale framing signal Coca-Cola is monetizing without ceding control, setting a template for bottler value unlock in emerging markets.