Coca-Cola announced on Monday that it is considering a potential initial public offering (IPO) for Hindustan Coca-Cola Beverages (HCCB), which is the largest bottler for Coca-Cola in India. The IPO is planned for a listing on the Bombay Stock Exchange (BSE) and the National Stock Exchange in 2027. The company also indicated it is looking into selling a portion of its stake in the bottling unit.
In 2025, the Indian conglomerate Jubilant Bhartia Group acquired a 40% stake in HCCB. Sanket Ray, Coca-Cola’s president for India and Southwest Asia, emphasized that the Coca-Cola Company intends to maintain its investment in this significant bottler while focusing on expanding its portfolio of global and local brands within the country.
The beverage giant has been encountering heightened competition in India from Campa Cola, a brand under Reliance Consumer Products. Bloomberg News reported last year that the valuation for the Coca-Cola bottling unit could reach up to $10 billion.
The publication date of this article is June 2, 2026.
