Coca-Cola said on June 2 it was exploring a potential public offering in India of Hindustan Coca-Cola Holdings Pvt Ltd (HCCH), the parent company of its largest bottler in the country.

Beverage giant Coca-Cola said on June 2 it was exploring a potential public offering in India of Hindustan Coca-Cola Holdings Pvt Ltd (HCCH), the parent company of its largest bottler in the country, by 2027. The company is exploring the sale of a portion of its shareholding in HCCH, the parent company of Hindustan Coca-Cola Beverages Pvt Ltd (HCCB), in connection with the listing. "Initial preparations are underway for a potential listing on the Bombay Stock Exchange and National Stock Exchange of India, subject to market conditions and applicable regulatory and other approvals," the company said in a release. The potential listing will be a significant milestone, completing the refranchising of HCCH and positioning it well to capitalise on the opportunities in the Indian market, it said. "This announcement is another important step for HCCB,” said Sanket Ray, president, India and Southwest Asia and emerging large markets lead, Coca-Cola Company. The cola major hold 60 percent in HCCH after Jubilant Bhartia Group completed the purchase of a 40 percent stake in the bottler in 2025. “Under the leadership of our trusted partners in Jubilant Bhartia Group, following the listing the bottler will be well placed to continue to pursue growth. The Coca-Cola Company will stay invested in this important bottler and focus on growing our portfolio of global and local brands in India," he added. Chairman and co-chairman of Jubilant Bhartia Group, Shyam and Hari Bhartia, said, “We are excited to take this next important step in the bottler’s journey and reap the benefits of the public listing to create value for all shareholders. Equally, we are looking forward to continuing to work with The Coca-Cola Company, as an important shareholder in the company.” Established in 1997, the bottler operates 14 bottling plants across 10 states and packages, distributes, and sells beverages, including Coca-Cola, Thums Up, Sprite, and Fanta. Coca-Cola counts India as a major growth market. It reported sales of 50 billion rupees ($526.37 million) in 2024-25, its highest since at least 2021, Reuters said. Coca-Cola said it retained Rothschild to advise on the listing.

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