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Hindustan Coca-Cola Beverages, the bottling arm of beverage major Coca-Cola in India, expects a decent growth in FY26 despite facing disruptions in the first half, from adverse weather conditions to external macroeconomic pressures, according to a top company official. HCCBL hopes for a "promising potential outlook", encouraged by favourable macro conditions, such as rapid urbanisation and rising disposable income, and it would continue to invest in expansion of capacity, portfolio and distribution, among others, said its Chief Financial Officer Harsh Bhutani. Besides, the board of Hindustan Coca-Cola Beverages Ltd (HCCBL) has been reconstituted after the parent entity, The Coca-Cola Company, divested a 40 per cent stake to Jubilant Bhartia Group. According to an industry insider, four people from the Jubilant Bhartia Group, engaged in pharmaceuticals, food services, agribusiness, energy, and other services, have joined the board of HCCBL. When asked about the development, Bhutani
Hindustan Coca-Cola Beverages Ltd, the bottling arm of beverage major Coca-Cola in India, reported a 73 per cent decline in net profit to Rs 756.64 crore in FY2024-25. Its revenue from operations dropped by 9 per cent to Rs 12,751.29 crore, according to a regulatory filing by the company. Its total income, which includes other income, was up 9.63 per cent to Rs 12,864.36 crore for the financial year ended on March 31, 2025, according to financial data accessed through the business intelligence platform Tofler. Hindustan Coca-Cola Beverages Ltd (HCCBL) net profit was at Rs 2,808.31 crore and its revenue from operations was at 14,021.55 crore in the year-ago period. The company had a higher base in FY24 due to gains resulting from the divestment of its bottling operations in Rajasthan, Bihar, the North-East, and parts of West Bengal to its existing bottlers - Kandhari Global Beverages, SLMG Beverages, and Moon Beverages, respectively - on a going concern basis through a slump sale.
Three Coca-Cola bottlers in India will jointly invest Rs 25,760 crore (USD 2.96 billion) to expand the country's food processing infrastructure and have signed memoranda of understanding with the Ministry of Food Processing Industries for greenfield and brownfield projects, according to an industry official. SLMG Beverages, Hindustan Coca-Cola Beverages (Coca-Cola's wholly-owned bottling arm), and Kandhari Group of Companies have committed to the investment, which will span nine states, including Uttar Pradesh, Bihar, Andhra Pradesh, Telangana, Karnataka, Gujarat, Punjab, Rajasthan and Jammu. "Coca-Cola India and all the other bottlers, including SLMG Beverages, have signed an MoU worth Rs 25,760 crore with the food processing industry," said Paritosh Ladhani, joint managing director of SLMG Beverages told PTI. SLMG Beverages, Coca-Cola's largest bottler in India, will contribute Rs 8,000 crore to the investment, Ladhani added. The projects are expected to generate 30,000 direct jo
The non-alcoholic beverages sector has urged the government to reduce GST on aerated drinks to 18 per cent, which will make these products more affordable, drive investments and generate 1.2 lakh jobs annually by 2030. Currently, aerated drinks attract 28 per cent GST and a sin tax of 12 per cent. The government is proposing to rejig GST to a two-slab structure-- 5 per cent and 18 per cent. In addition, there will be a special rate of 40 per cent to be levied on select few items like ultra-luxury cars and sin goods. Currently, GST is a 4-tier structure of 5, 12, 18 and 28 per cent. The Indian Beverage Association (IBA) said the rationalisation of GST for the sector will make products more affordable, increase investments in the sector and also generate 1.2 lakh new jobs annually by 2030. The IBA, while appreciating the government for the next-generation GST reforms, said reclassification, GST rationalisation and placing the category in a standard GST rate will unlock the sector's t