Coca-Cola India bottler likely to file DRHP this week for $1 billion IPO

A report by Bloomberg suggested that the issue size could be around $1 billion, which would largely be a stake-sale, with the firm seeking valuation of $10 billion. The company has retained Rothschild & Co to advise on the listing. In July 2025, the Coca-Cola Company completed a transaction in which Jubilant Bhartia Group acquired a 40% stake in HCCH, while the firm retained 60%. "The potential listing will be a significant milestone, completing the refranchising of HCCH and positioning it well to capitalize on the opportunities in the Indian market," said the company in a media statement.

"This announcement is another important step for HCCB,” said Sanket Ray, president, India and Southwest Asia and Emerging Large Markets Lead for The Coca-Cola Company. “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." Chairman and Co-Chairman of Jubilant Bhartia Group, Shyam and Hari Bhartia, added: “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. The firm operated a network of more than 2,000 distributors and reached over 1.7 million customers, thanks to its approximately 5,000 employees.