Coca-Cola eyes 2027 India IPO for Hindustan Coca-Cola Holdings at $10B valuation

Coca-Cola plans a 2027 BSE/NSE listing of its largest India bottler, Hindustan Coca-Cola Holdings, and may pare its 60% stake. The unit runs 14 plants across 10 states with Rs 50bn FY25 sales. Rothschild is advising as Reliance's Campa Cola intensifies pricing pressure in the Indian beverages market.

— Source publishedTue, 2 Jun, 2026, 08:11 IST·First seen Tue, 2 Jun, 2026, 08:18 IST·Source CNBC-TV18 · Companies

What happened

Coca-Cola plans a 2027 BSE/NSE IPO of Hindustan Coca-Cola Holdings, its largest India bottler, and may sell part of its 60% stake. Bottler runs 14 plants,

Key facts

  • 60% stake
  • 40% stake
  • 14 bottling plants
  • 10 states
  • Rs 50 billion FY25 sales
  • $10 billion valuation
  • 2027 listing

Why this matters

Coca-Cola's stake pare-down via local listing is a playbook worth studying for MNCs seeking India capital market access while retaining strategic control amid intensifying domestic competition.