National, Dec 11th 2024: The Coca-Cola Company today announced that it has reached an agreement with the Jubilant Bhartia Group, a multi-billion conglomerate with global presence in diverse sectors, to acquire a 40% stake in Hindustan Coca-Cola Holdings Pvt. Ltd., the parent company of the largest Coca-Cola bottler in India, Hindustan Coca-Cola Beverages Pvt. Ltd.
Coca-Cola has a long-standing commitment to deliver quality products and experiences to consumers and is continuing to drive sustainable, long-term growth by investing in the opportunities available in India.
Coca-Cola’s locally owned franchise partners in India are positioned to drive successful outcomes. The investment by the Jubilant Bhartia Group will contribute to the company’s ongoing success and help strengthen its position in the Indian market.
Sanket Ray, President of Coca-Cola India, said, “We welcome the Jubilant Bhartia Group to the Coca-Cola System in India. With its diverse experience in various sectors, Jubilant brings decades of rich experience that will help accelerate the Coca‑Cola system, enabling us to win in the market and provide greater value to local communities and consumers.”
Juan Pablo Rodriguez, CEO of Hindustan Coca-Cola Beverages, said, “This strategic investment represents an important milestone in our journey. Jubilant Bhartia Group’s expertise, complements our strengths, ensuring that we continue delivering exceptional value to our stakeholders while driving innovation and sustainable progress.”
Shyam S. Bhartia, Founder and Chairman and Hari S. Bhartia, Founder and Co-Chairman of Jubilant Bhartia Group, said the investment is an ideal addition to their business. “The Coca-Cola Company is home to some of the most respected global brands and we are delighted to be associated with them,” Bhartia said. “Together, we will leverage opportunities to grow the business to greater heights and ensure more Indian consumers can enjoy The Coca-Cola Company’s refreshing portfolio of iconic local and international brands.”
These changes and investment represent a significant milestone for Coca-Cola as the company continues to pursue its purpose to refresh the world and make a difference.
About Coca-Cola India:
Coca-Cola in India is one of the country’s leading beverage companies, offering a range of high-quality and refreshing beverage options to consumers. The company, in line with its vision of ‘Beverages for Life’, offers a wide portfolio of products which includes hydration, sports, sparkling, coffee, tea, nutrition, juice and dairy based products. In India its beverage range includes Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Thums Up, Charged by Thums Up, Fanta, Limca, Sprite, Maaza, Minute Maid range of juices and juice beverages. The Company also offers hydration beverages including Limca Sportz, Smartwater, Kinley, Dasani and Bonaqua packaged drinking water and Kinley Club Soda. Premium products constitute Schweppes range and Smartwater. In addition, it offers Costa Coffee and organic green tea-based beverage- Honest Tea amongst its range of coffee and Tea. The Company is constantly transforming its portfolio, from reducing sugar in its drinks to bringing innovative new products to market.
Learn more at www.cocacolacompany.com and follow us on Instagram, Facebook and LinkedIn.
About Hindustan Coca-Cola Beverages
Hindustan Coca-Cola Beverages (HCCB) was incorporated on 14 February, 1997. Since then, HCCB has come a long way in being able to serve over 23 lakh+ retailers, 2,300+ distributors, and 5,000+ employees. 2,50,000 farmers grow the agricultural produce that HCCB uses in making its products. The company is headquartered in Bangalore and its operations are spread in 12 states, and 236 districts in South and West India. Through its 13 factories, it manufactures and sells 37 different products across 8 categories. Its products include some of India’s most loved beverages – Coca-Cola, Thums Up, Sprite, Minute Maid, Maaza, SmartWater, Kinley, Limca, Fanta, and a lot more.
