About Hindustan Coca Cola Holdings Ltd.
Incorporated on February 21, 1997, Hindustan Coca Cola Holdings Ltd. operates in the non-alcoholic ready-to-drink (“NARTD”) beverage sector through its Material Subsidiary, Hindustan Coca-Cola Beverages (“HCCB”). The Company is the largest NARTD beverage company operating exclusively in India by revenue for Financial Year 2026 and the largest bottler within the Coca-Cola System in India based on units of concentrate sold. It operates in exclusive territories primarily across the southern and western regions of India and has a track record of 29 years of operations. The Company prepares, packages, distributes and sells a diversified portfolio of beverages under brands owned or licensed by The Coca-Cola Company (“TCCC”), its affiliates and Monster Beverage Corporation. As of June 30, 2026, its portfolio comprised 41 beverages across three categories: Sparkling, including carbonated soft drinks and energy beverages; Hydration, including packaged drinking water, sparkling water and other hydration products; and Stills, including juices. Its portfolio includes established brands such as Coca-Cola, Thums Up, Sprite, Fanta, Maaza, Kinley, Minute Maid, Monster and Schweppes. The Company benefits from TCCC’s global brand portfolio, consumer insights, product innovation and marketing capabilities, while undertaking local production, distribution and commercial execution.
The Company operates across 10 states and four Union Territories under exclusive TCCC territories, covering key consumer markets in southern and western India. Its distribution network comprises 2,273 distributors, supported by traditional and modern trade channels, 572,973 branded visicoolers and a dedicated sales force of 5,690 personnel as of June 30, 2026. The Company also uses digitally enabled platforms, including retailer ordering, sales-force automation and image recognition tools, to support demand forecasting, distributor management, product availability and in-store execution.
Its bottling infrastructure comprises 14 owned production facilities, eight co-pack units, 90 bottling lines and 23 warehouses, with an installed capacity of 1,291.1 million unit cases per annum for owned production facilities as of June 30, 2026. The Company has invested in expanding and upgrading its manufacturing capabilities, including through greenfield facilities in Telangana and Maharashtra and additional bottling lines. Its operations are supported by initiatives relating to water usage, plastic waste management and renewable energy.
The Company underwent a multi-year refranchising process during Financial Years 2024 to 2026, transferring certain business undertakings to other Coca-Cola bottlers and focusing its operations on its retained territories. In July 2025, Jubilant Beverages became one of its Promoters, supplementing its long-standing relationship with TCCC.
As of June 30, 2026, the Company had 5,009 permanent employees, supported by an experienced management team and an average employee tenure of 11.89 years.
Competitive Strengths
- Largest Coca-Cola System bottler in India.
- Largest NARTD beverage company operating exclusively in India.
- Strong portfolio of established and leading beverage brands.
- Presence across key consumer and beverage markets in India.
- Extensive distribution network supported by digitally enabled commercial execution.
- Strategically located and well-invested bottling infrastructure.
- Long-standing relationship with TCCC and experienced management team.
- – Focus on sustainability and operational efficiency.
- Established operating model combining local execution with global brand and innovation capabilities.
