Coca-Cola Explores 2027 Public Listing of Hindustan Coca-Cola Holdings in India

The Coca-Cola Company is exploring a potential stock market listing of Hindustan Coca-Cola Holdings (HCCH), the parent company of its largest bottling business in India, as per news reports.  

The proposed Initial Public Offering (IPO) is being considered for 2027 and could see the company listed on both the BSE and the NSE. The company indicated that it is also evaluating the sale of part of its stake in the bottling business as part of the proposed transaction.  

Rothschild has been appointed as an adviser for the potential listing. 

Current Shareholding 

HCCH's ownership structure changed last year after the Jubilant Bhartia Group acquired a 40% stake in the business. Following the transaction, Coca-Cola retained a 60% holding. 

The company noted that it intends to remain invested in the bottling operation even if the listing proceeds. No details have been disclosed regarding the size of any potential stake sale. 

Operations Across India 

Established in 1997, Hindustan Coca-Cola is responsible for bottling and distributing several beverage brands sold in India. These include Coca-Cola, Thums Up, Sprite, and Fanta. 

The company operates 14 bottling plants across 10 states. Its network supports the packaging, distribution, and sale of products in different parts of the country. 

India Business Performance 

India has become an increasingly important market for Coca-Cola's operations. The company reported sales of ₹50 billion during FY25, equivalent to approximately $526.4 million. 

According to company figures, this was its highest annual sales level since at least 2021. The performance comes amid continued expansion of the company's beverage business in the country. 

Market Competition 

The potential IPO comes at a time when competition in India's soft drinks market remains intense. Reliance Consumer Products has expanded the reach of its Campa Cola brand across multiple markets. 

A Bloomberg report published last year estimated that a listing of the bottling business could value it at around $10 billion. Coca-Cola has not released any valuation guidance for the proposed offering. 

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Conclusion 

The listing remains at an exploratory stage, with no final decision announced. Additional details on the structure, timeline and size of the offering may emerge as the process develops. 

For daily market updates and regular stock market news in Hindi, stay tuned to Angel One's share market news in Hindi. 

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