ITC enters cola wars with B Natural Coconut Cola, betting on healthier fizz

ITC steps into India's carbonated drinks market with a no-added-sugar, zero-caffeine coconut cola at Rs 60/250ml can (9 kcal). Targeting the premium health-conscious segment via retail and quick commerce across eight metros, taking on Coca-Cola, PepsiCo and Reliance's Campa.

— Source publishedWed, 15 Jul, 2026, 16:15 IST·First seen Wed, 15 Jul, 2026, 16:36 IST·Source ET Retail

What happened

ITC enters India's carbonated beverages market with B Natural Coconut Cola, a no-added-sugar, zero-caffeine drink priced at Rs 60/250ml. Targeting premium

Key facts

  • Rs 60 per 250ml can
  • zero caffeine
  • zero added sugar
  • 9 kcal per serving

Why this matters

Watch whether ITC scales this organically or acquires regional health-beverage brands to broaden the functional-drinks portfolio, as the coconut-cola entry signals appetite to expand beyond core FMCG categories.

What to watch

  • Repeat purchase rate vs trial rate in first two quarters
  • Incumbent launches of competing zero-sugar/coconut variants
  • Quick-commerce ranking and reorder velocity in metros
  • ITC beverage segment revenue disclosure in quarterly results
  • Expansion announcement beyond eight metros / tier-2 push
  • ITC scales quick-commerce placement (Blinkit, Zepto, Instamart) with launch discounts and influencer-led health messaging
  • Coca-Cola/PepsiCo accelerate low-sugar and functional variants to defend premium urban shelf
  • Reliance Campa counters on price to protect value-tier volume
  • ITC expands SKU range (larger packs, flavor extensions) if metro trial data is positive