New players like Campa and Lahori Zeera doubled their market share in Jan-Sept 2025, cutting into Coca-Cola and PepsiCo's lead
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
"In India, volumes declined as our business was impacted by inclement weather," Henrique Braun, chief operating officer at the Coca Cola Company told analysts on a post results call on Tuesday
The deal would bring one of the world's best-known brands to India's hot IPO market, which is on track for a record month and possibly have its best year ever in 2025
The deal would bring one of the world's best-known brands to India's hot IPO market, which is on track for a record month and possibly have its best year ever in 2025
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
SLMG Beverages expects high single-digit growth in 2025 despite weak quarters, eyes Rs 9,000 crore revenue in FY26 and Rs 20,000 crore by FY32 amid expansion plans
Coca-Cola COO Henrique Braun said India remains a long-term growth market with expanding consumer base, rising drink frequency and steady capacity investments
PepsiCo India and Coca-Cola India boost volume on select packs while maintaining prices, ahead of the festive season and amid rising competition, say industry sources
Coca-Cola and the Bhartiya family may look to list Hindustan Coca-Cola Beverages (HCCB) in India, with the Bhartiya family set to become the controlling shareholder
Multinational beverages major The Coca-Cola Company on Tuesday announced the appointment of Hemant Rupani as the new CEO of its bottling arm Hindustan Coca-Cola Beverages Pvt Ltd, effective September 8. Rupani is currently Mondelez International Inc's business unit president for Southeast Asia, which includes Indonesia, the Philippines, Vietnam, Malaysia, Singapore and Thailand. He joins Hindustan Coca-Cola Beverages (HCCB) after a nine-year career with Mondelez, the company said in a statement. He will succeed the current HCCB CEO Juan Pablo Rodriguez, who is moving to a new opportunity in the Coca-Cola system, it added. He had joined Mondelez in 2016 as Director of sales for India. He went on to serve as vice president and managing director for Vietnam before being promoted to his current role in 2022. Starting his career in 1997 with the paints company ICI India Ltd, Rupani had stints in several leading companies across sectors, including PepsiCo in India, Infosys Technologies,
Rupani will succeed Juan Pablo Rodriguez as CEO of HCCB and bring with him extensive FMCG experience from Mondelez, PepsiCo, Vodafone and Britannia
Jubilant Beverages Ltd plans to issue ₹2,650 crore in unsecured, listed NCDs, with ₹795 crore from anchor investors and ₹1,855 crore from the broader market tranche
India is Coca-Cola's fifth-largest market by volume, with resilient demand, quick commerce expansion and digitisation helping drive growth, says Henrique Braun
Beverage major Coca-Cola India on Friday said its Kinley Soda brand has crossed Rs 1,500 crore in revenue in the Indian market, emerging as a leader in the category. The success of Kinley Soda underscores Coca-Cola India's commitment to the market with innovation, backed by data-led decisions, supply chain strength, and a sharp focus on what consumers seek in the refreshment segment, the company said in a statement. This milestone had been achieved through over two decades of consumer trust, a demand-led portfolio, and the company's strategy of making beverages accessible to consumers, it added. "From nimbu sodas at street-side thelas to premium hospitality mixers, the brand has built a reputation as a dependable, high-quality soda. Its crisp taste and signature carbonation have made it a staple across occasions, outlets, and generations," said Coca-Cola India. Kinley Soda, is available in more than 1.4 million retail outlets in India, across channels from neighbourhood kirana sto
Fair trade regulator CCI on Tuesday approved Kandhari Global Beverages' proposal to acquire beverage major Coca-Cola's bottling plant for Rs 2,000 crore. Kandhari Global Beverages is an authorised bottler of the Coca-Cola Company (TCCC) and Schweppes Holdings, and is engaged in the business of supplying and distributing non-alcoholic beverage (NAB) products in Rajasthan. "CCI approves the proposed acquisition of the target business by Kandhari Global Beverages Pvt Ltd," the Competition Commission of India (CCI) said in a release. The target business comprises Hindustan Coca-Cola Beverages Pvt Ltd's (HCCBPL) business of preparing, packaging, supplying and distributing NAB products in north Gujarat and Union Territory of Diu. Last month, Coca-Cola said that it is selling its bottling plant in the north Gujarat region to Kandhari Global Beverages. Though the company has not shared financial details, industry insiders have pegged the deal to be around Rs 2,000 crore, where Coca-Cola w
Ladhani Group-owned company plans to double its revenue to Rs 20,000 crore by FY31
Kandhari Global Beverages is ready for more bottling opportunities from Coca-Cola in India as well as foreign territories, its Managing Director Varinder Pal Singh Kandhari said on Wednesday. Besides, Kandhari Global Beverages, which has recently acquired Coca-Cola's bottling operations in the North Gujarat region, plans to double its turnover in the next 5-6 years from the current Rs 4,500 crore. The Atlanta-headquartered beverage major is divesting assets globally by franchising regional operations to local partners as part of its asset-light business model. "We look forward if there is an opportunity, we will definitely look at it," Kandhari told PTI. Kandhari Global Beverages was one of the three existing bottlers to whom HCCB had transferred bottling operations of the Rajasthan market in the last round in January 2024. It already operates in parts of Delhi, Himachal Pradesh, Haryana, Punjab, Chandigarh, Jammu & Kashmir, and Ladakh. "We have ambitions going beyond the ...
As global demand slows, top multinationals see India as a key growth driver, ramping up investments across sectors from beverages and tech to retail and luxury goods
Company gains $303 million from refranchising bottling ops in India in 2024