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Time of India
22-04-2025
- Business
- Time of India
Moon Beverages eyes IPO as it pumps Rs 4,000 crore into expansion
Moon Beverages, a leading Coca-Cola bottler in India and part of the diversified MMG Group , is weighing an Initial Public Offering ( IPO ) to fuel its ambitious growth plans, a top company executive said. According to PTI, Moon Beverages aims to double its revenue within the next three to four years, driven by increased production capacity, new plants, and expanded market reach, said Anant Agarwal, Vice Chairman of MMG Group. 'This is in our plan,' Agarwal said when asked about the IPO. 'We are very bullish on growth for Moon Beverages and the IPO plan sits very well with that ambition.' While he did not provide a specific timeline, he noted that discussions with stakeholders are underway. So far, the group has invested over Rs 4,000 crore into Moon Beverages, with a focus on acquisitions, infrastructure, and capacity expansion. Two new bottling plants — one in Guwahati (Assam) and the other in Rourkela (Odisha) — are expected to boost the company's bottling capacity by 7,000 bottles per minute (bpm). These will complement the current installed capacity of 10,000 bpm across five existing plants. 'We need this constant investment to double the business in three to four years, and we are not shying away,' Agarwal said, underscoring the group's aggressive growth strategy in India's still-underpenetrated soft drinks market. Moon Beverages is currently the third-largest Coca-Cola bottler in India, behind SLMG and Kandhari Global. The company recently acquired bottling operations in Jharkhand from Hindustan Coca-Cola Beverages (HCCB), and now has a significant presence across Delhi NCR, western Uttar Pradesh, West Bengal, Jharkhand, and the north-eastern states. Over the last few years, Moon Beverages has expanded largely through acquisitions — taking over operations in western UP in 2020, and more recently, West Bengal and the northeast. The company plans to continue this strategy and is open to further regional expansion and even exploring international opportunities in partnership with Coca-Cola. 'We are open to acquisitions and would be happy to go global when the opportunity arises,' said Agarwal. Part of the Agarwal family-owned MMG Group, Moon Beverages is supported by the conglomerate's diverse interests, which span oil & gas, hospitality, real estate, and more. The company expects to maintain a 20% year-on-year growth trajectory over the next five years, signalling strong confidence in both the business and India's evolving beverage market. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
Time of India
22-04-2025
- Business
- Time of India
Moon Beverages mulls IPO, invests over Rs 4,000 cr to expand production capacity
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets 1. Continuum Green Energy gets Sebi nod for Rs 3,650 crore IPO Tired of too many ads? Remove Ads Moon Beverages, one of the leading bottlers of Coca-Cola in India and part of MMG Group, is considering an Initial Public Offering ( IPO ) to accelerate growth and expansion in the country's fast-growing soft drinks market, said a top company official. MMG Group expects Moon Beverages, a key franchise partner of Coca-Cola, to double its revenue in the next three to four years, helped by growth coming from new plants, expansion of capacity and acquisition of new markets, said its Vice Chairman Anant Beverages has invested Rs 4,000 crore so far and plans to invest further for its two upcoming plants at Guwahati, Assam and Rourkela in Odisha, which will add up to 7,000 bpm (bottlings per minute) asked as to whether the company plans to go for an IPO, Agarwal told PTI: "This is in our plan. However, we cannot divulge many details as of now.""We are very bullish on growth for Moon Beverages and the IPO plan sits very well with that ambition," he Agarwal did not share the timeline, he said the group is considering the option and is in consultation with various Moon Beverages is the third largest bottler of the Coca-Cola company in India after SLMG and Kandhari Global. It has an installed capacity of 10,000 bpm (bottlings per minute)."We (Moon Beverages) have emerged as a leading bottler and strategic partner for Coca-Cola. With acquisitions and investments in new bottling units, we have seen multi-fold growth over the past 2-3 years," he expects the group's bottling business , Moon Beverages, should deliver a 20 per cent year-on-year growth for the next five years. We are extremely confident about the numbers going."He did not share the revenue numbers, but said he expects to double the topline in the next 3 to 4 years with this rate of investments, he said the group is investing substantially to expand its operations and topline."In the last four years, we have invested more than Rs 4,000 crore into this business, which would be acquisitions, putting up plants, adding lines, etc. So it is a very heavy capex business. But yes, to double the business in three to four years, we need this constant investment, and we are not shying away," said who strongly believes in the Indian growth story, said per capita consumption of soft drinks is still very low, which is almost one-tenth of some of the developed company currently operates five bottling plants and has plans to add two more, coming at Jharkhand and Odisha in the next couple of years, which will scale up its bottling capacity Beverages has recently acquired bottling operations in Jharkhand after Hindustan Coca-Cola Beverages (HCCB), a wholly-owned subsidiary of the Coca-Cola Company, has divested its bottling operations."We operate in the regions of north and east. We have a presence in Delhi NCR and western UP, in east India. In east we have presence in West Bengal, Jharkhand and Seven Sisters of the north-east," he said, adding, "So we acquired Western UP in year 2020, and the last couple of years, we acquired the entire West Bengal, north-eastern region and Jharkhand."Atlanta-based beverage major Coca-Cola is divesting its bottling assets globally as per its asset-light whether Moon Beverages would go for much more opportunity for Coca-Cola in other parts of the country or even in the overseas markets, Agarwal said: "Yes absolutely. We are open to acquisitions" as it has grown into this business in more than inorganic way."We will be happy to expand our portfolio and the region as much as possible. So that will be done with Coca Cola... and we are open to that," said Agarwal, adding, "We would be happy to go global. I think we have no cons of going global. So when the opportunity is there, we would be more than happy to participate."Moon Beverages is part of the Agarwal family-owned MMG group, which has interests in sectors ranging from oil & gas to hospitality and real estate, besides in bottling operations.
