Hindustan Coca-Cola Holdings is Coca-Cola Company’s largest bottler within the Coca-Cola System in India based on units of Concentrate sold.
The Offer is entirely an Offer for Sale of up to 997,461,456 equity shares of face value Rs 10 each by Hindustan Coca-Cola Overseas Holdings Pte. Ltd., the promoter selling shareholder. The offer is being made through the Book Building Process in compliance with Regulation 6(1) of the SEBI ICDR Regulations.
In accordance with Regulations, not more than 50 per cent of the net offer shall be available for allocation to Qualified Institutional Buyers (QIBs), not less than 15 per cent to Non-Institutional Bidders (NIBs) and not less than 35 per cent to Retail Individual Bidders (RIBs). The equity shares are proposed to be listed on BSE and NSE.
For the three-month period ended 30 June 2026, HCCH’s Retained Units recorded revenue from operations of Rs 4,310.17 crore, representing year-on-year growth of 20.46 per cent, while total sales volume increased by 18.61 per cent. EBITDA margin (excluding other income and exceptional items) increased to 17.20 per cent from 13.76 per cent in the corresponding period of the previous year.
India was among the 5 largest markets for The Coca-Cola System by Unit Case volume in calendar year 2025 and was its largest aggregate contributor to volume growth for calendar years 2021 to 2025.
As of June 30, 2026, HCCH’s portfolio comprised 41 beverages, with Stock Keeping Units ranging from small formats at affordable price points to premium and multi-serve offerings.
Non-Alcoholic Ready To Drink in the Key Select States was valued at Rs 637.3 billion in Financial Year 2026 and is expected to reach Rs 1,183.2 billion by Financial Year 2031, representing a compounded annual growth rate of 13.17 per cent.
HCCH’s distribution network extends across approximately 1.7 million retail outlets serving Coca-Cola System Brands in its Territories as of June 30, 2026, serviced through its network of 2,273 distributors. As of 30 June 2026, the company owned, controlled and operated a network of 14 production facilities, supplemented by 8 co-pack units, with 90 bottling lines.
Jubilant Beverages became one of the promoters of HCCH in July 2025. The company has recently undergone a strategic reorientation encompassing the completion of the refranchising process, leadership and organisational enhancements and a renewed focus on execution, including deepening distribution, expanding its portfolio and optimising the package-price architecture to address portfolio gaps. As of the date of the DRHP, The Coca-Cola Company through Hindustan Coca-Cola Overseas Holdings Pte. Ltd., held 60 per cent of HCCH’s equity share capital, while Jubilant Beverages Limited held 40 per cent
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited and IIFL Capital Services Limited are the Book Running Lead Managers to the IPO. KFin Technologies Limited is the registrar to the offer.
