Coca-Cola explores listing of India bottling unit in 2027

June 1 (Reuters) - Coca-Cola ‌said on Monday ​it ​was exploring a potential initial public offering in India for Hindustan Coca-Cola Holdings, the parent ‌of its largest bottler in the country.

The beverage ⁠giant is preparing to list the bottling unit on India's BSE ‌and the National Stock Exchange ‌in 2027 and is exploring the sale of a portion of its stake in the bottler, it ​added.

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.

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.

($1 = 94.9900 Indian rupees)

(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Shilpi Majumdar and Rashmi ‌Aich)

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