It currently holds a 60% stake in Hindustan Coca-Cola Holdings after Indian conglomerate Jubilant Bhartia Group completed the purchase of a 40% stake in the bottler in 2025.
The bottler, established in 1997, operates 14 bottling plants across 10 states in India and packages, distributes, and sells beverages, including Coca-Cola, Thums Up, Sprite, and Fanta.
“The Coca-Cola Company will stay invested in this important bottler and focus on growing our portfolio of global and local brands in India,” said Sanket Ray, Coca-Cola president for India and Southwest Asia and emerging large markets lead.Also Read: Pentagon bars journalists from its press office, evicts media houses, saying it has become a ‘classified space
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.
The drinks giant has been facing competition in India from Reliance’s consumer-product brand Campa Cola. Bloomberg News reported last year that an IPO would value the Coca-Cola bottling unit at $10 billion.
Coca-Cola said it retained Rothschild to advise on the listing.
