Hindustan Coca-Cola Holdings eyes 2027 IPO at ~$10bn as Campa Cola pressure builds
Coca-Cola's India bottling arm is preparing a BSE/NSE listing in 2027 at a potential $10bn valuation, after Jubilant Bhartia bought 40% in July 2025. The unit runs 14 plants, 2,000+ distributors and 1.7m customers across 10 states as Reliance's Campa Cola disrupts pricing.
What happened
Coca-Cola plans a 2027 BSE/NSE listing of its India bottling arm Hindustan Coca-Cola Holdings, potentially valued near $10 billion, as Reliance's Campa Cola
Key facts
- 2027 listing
- 40% stake sold to Jubilant in July 2025
- $10 billion potential valuation
- 14 bottling plants
- 2,000+ distributors
- 1.7 million customers
- 5,000 employees
- 10 states
Why this matters
Jubilant Bhartia's 40% stake and the 2027 IPO timeline signal a two-year window where bolt-on distribution and regional bottler M&A could be priced into the listing narrative.