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Business Standard
6 days ago
- Business
- Business Standard
Coca-Cola, Bhartiya family likely to consider listing HCCB in India
American beverage major Coca-Cola Company and its local partner, the Bhartiya family, may look at listing Hindustan Coca-Cola Beverages (HCCB) in India and will not hold a majority stake in the bottling company in the next five years, according to a source in the know. The source said, as per the plan, going forward, the Bhartiya family becomes the reference and controlling shareholder of the business. 'They are not, by any means, a passive financial investor or a passive strategic investor, and that's not what Coca-Cola Company was looking for here,' the source said. On HCCB possibly going for a listing in the coming years, the source added, 'There's certainly been no explicit confirmation of the intention to proceed with an IPO, but that's an obvious possibility.' In December last year, the Jubilant Bhartia Group, through Jubilant Beverages, announced that it would acquire a 40 per cent stake in Hindustan Coca-Cola Holdings—the parent company of the local bottling companies—at a valuation of Rs 12,000 crore. While Coca-Cola still remains the majority shareholder, the Atlanta-based beverage major's strategy is to refranchise its bottling operations globally as part of its asset-light model across the world. Rothschild & Co advised Coca-Cola on this transaction, which concluded this month. 'We started the process of reaching out to a number of potential Indian family partners that we thought would be fit-for-purpose partners in late 2023 and conducted a competitive process. What was initially a competitive process among several of those eventually led, in September 2024, to an exclusive dialogue with the Bhartiya family, which led to the signing of the transaction,' Akeel Sachak, partner and global head of consumer, Rothschild & Co, said at a roundtable. He added that one of the things that distinguished the Bhartiya family from other suitors was their success as a franchise partner of a major American brand, Domino's. While talking about trends emerging in the consumer space, multiple Indian industrial houses and conglomerates are keen to expand in the broader consumer sector, Subhakanta Bal, managing director, Rothschild & Co India, said. 'We are beginning to see multiple family offices that are wanting to tap into the kind of potential that, let's say, the broader Indian consumer sector offers. The recent paints transaction that just got announced (JSW acquired AkzoNobel's India business), or some of the largest families who have deployed significant amounts of capital into essentially what are new sectors or sunrise sectors, and we're beginning to see that,' Bal added.
Mint
22-07-2025
- Business
- Mint
Coca-Cola sees India volumes drained in peak summer due to early rain, India-Pakistan conflict
New Delhi: The Coca-Cola Co. has said its beverage volumes in India saw a decline during the three summer months ended June 27, and attributed it to unseasonal rains and the India-Pakistan conflict, which dampened consumer sentiment in the region. 'In India, after a strong start to the year, volumes declined as our business was impacted by early monsoons and geopolitical conflict early in the important summer season," James Quincey, chairman and chief executive officer (CEO) said during the company's earnings call on Tuesday. The company said it has moved to mitigate the issue. "We're engaging consumers with integrated marketing campaigns like Coca-Cola Meals supported by execution in the quick service restaurant channel—Thums Up with biryani, Sprite with spicy meals and Maaza with festivals and tailoring these activations to regional and local needs. Also, our system is adding customer outlets and recently surpassed 1 million customers on its digital ordering platforms,' the CEO said. The US-headquartered beverage company does not disclose country-specific volume growth. Overall, unit case volumes for the quarter declined by 1%. Growth in Central Asia, Argentina, and China was offset by declines in Mexico, India, and Thailand, the company said in its earnings announcement on Tuesday. Overall, net revenues during the period grew 1% to $12.5 billion. The company is stepping up its marketing campaigns in India to boost volumes in the market. Coca-Cola sells brands such as Coca-Cola, Thums Up, Sprite, Fanta and Minute Maid in India. It is currently facing competition from homegrown Reliance Industries Ltd, which has relaunched a dated cola brand Campa Cola with significant vigor and lower pricing. It also competes with rival PepsiCo in India. 'In the case of India, it is never going to be a straight line, and indeed, Q2 was not. We're very bullish on India overall. Q2 did decline as I said due to the conflict and the monsoon, but we have a lot of marketing campaigns focused on India," the CEO added. Late last year, the Jubilant Bhartia Group, which operates India's largest food services business, acquired a 40% stake in Hindustan Coca-Cola Beverages Pvt. Ltd (HCCB), Coca-Cola's largest bottler in India. HCCB operates 13 factories, serving 236 districts across 12 states in India's south and west. The company also partners with 11 large bottlers across India aside from owned operations. Earlier this month, HCCB announced the appointment of Hemant Rupani as its new chief executive officer, effective 8 September 2025. Quincey said the move is expected to energize the business. 'We have also just set up the first kind of re-franchising piece with the Jubilant Group for the company-owned bottling (operations) that we have in the bottom half of India. That's up and running with a new CEO. We think that will bring some new energy, focus and proactivity to the execution in the marketplace. We think we've got a strong plan from a marketing and innovation point of some re-energized focus on this transition bottler, we're pretty confident on where we'll go in India,' he added.
News18
22-07-2025
- Business
- News18
Jubilant Bhartia Group Acquires 40% Stake In Hindustan Coca-Cola Holdings
Jubilant Bhartia Group has completed the acquisition of a 40% equity stake in Hindustan Coca-Cola Holdings Private Limited Jubilant Coca Cola Deal: The Jubilant Bhartia Group has completed the acquisition of a 40 per cent equity stake in Hindustan Coca-Cola Holdings Private Limited (HCCH) for Rs 1,17,04,40,00,000 on Tuesday, marking a significant development in the Indian beverages and FMCG space. In a regulatory filing with the stock exchanges under Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company confirmed the closure of the deal. With this strategic investment, the Jubilant Bhartia Group becomes a key stakeholder in HCCH, which is the holding company of Hindustan Coca-Cola Beverages Pvt. Ltd (HCCB), the bottling and distribution arm of Coca-Cola in India. The move is expected to bolster the group's presence in the non-alcoholic beverages sector and open new avenues for growth and collaboration in the fast-moving beverage segment. Jubilant Bhartia X Hindustan Coca-Cola Beverages Jubilant Bhartia Group had announced in December that it had entered into a definitive agreement to acquire a 40 per cent equity interest in HCCH through Jubilant Beverages. The deal had received approval from the Competition Commission of India on May 1, 2025. In India, The Coca-Cola Co. bottles products such as Thums-Up, Sprite, Fanta, Limca and flagship brand Coca-Cola through subsidiary HCCB, as well as a set of independent bottling companies. Jubilant Bhartia Group has now acquired 40 per cent in Hindustan Coca-Cola Holdings, the parent of HCCB, through Jubilant Beverages Ltd. HCCB operates 13 factories, serving 236 districts across 12 states in India's south and west. HCCH is the parent company of HCCB, the largest Coca‐Cola bottler in India. The Jubilant Bhartia Group, which started out as a drugs and chemicals company, has since branched into contract research and development services, agricultural products, performance polymers, and food services. Jubilant FoodWorks Ltd is India's largest food services company, and holds exclusive rights to develop and operate Domino's Pizza in India, Sri Lanka, Bangladesh, and Nepal. view comments First Published: July 22, 2025, 22:24 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
22-07-2025
- Business
- Economic Times
Morning Brief Podcast: Why are Consumer co CEOs losing their jobs?
It's been a turbulent fortnight for corporate leadership, with sudden CEO exits at companies like HUL, Coca Cola bottler HCCB, L'Oréal, Diageo, Kenvue and WPP. In this episode of The Morning Brief, host Ratna Bhushan speaks to ET's Associate Editor Arijit Barman and Vibhav Dhawan, Partner at Positive Moves Consulting to unpack what's driving this churn: from slowing demand to soaring competition, from tariff pressures to slackening control over ad networks, from a lack of focus on growth to a pu ...Read More sh for next-gen leadership. Why is the top job turning into a revolving door? Are CEOs fall guys? Is the traditional playbook outdated? And are short tenures the new normal? Listen in. ...Read Less
Time of India
22-07-2025
- Business
- Time of India
Morning Brief Podcast: Why are Consumer co CEOs losing their jobs?
It's been a turbulent fortnight for corporate leadership, with sudden CEO exits at companies like HUL, Coca Cola bottler HCCB, L'Oréal, Diageo, Kenvue and WPP. In this episode of The Morning Brief, host Ratna Bhushan speaks to ET's Associate Editor Arijit Barman and Vibhav Dhawan, Partner at Positive Moves Consulting to unpack what's driving this churn: from slowing demand to soaring competition, from tariff pressures to slackening control over ad networks, from a lack of focus on growth to a pu ...Read More sh for next-gen leadership. Why is the top job turning into a revolving door? Are CEOs fall guys? Is the traditional playbook outdated? And are short tenures the new normal? Listen in. ...Read Less
