Hindustan Coca-Cola Beverages Valuation, Funding & Investors

Hindustan Coca-Cola Beverages is valued at $3.9B as of December 2024.

Last Hindustan Coca-Cola Beverages valuation

$3.9B

Strategic investment · Dec 2024

Last Hindustan Coca-Cola Beverages funding round

$600M

Strategic investment · Dec 2024

Cumulative funding Hindustan Coca-Cola Beverages raised

$600M

across 1 funding round

Key investors in Hindustan Coca-Cola Beverages

  • Jubilant Bhartia Group

Hindustan Coca-Cola Beverages Overview

About Hindustan Coca-Cola Beverages

Hindustan Coca-Cola Beverages is the largest Coca-Cola bottler in India, operating 16 factories as the company's key franchise partner for producing and distributing Coca-Cola's beverage portfolio, including Sprite and Fanta, across the country.


Founded

1997

HQ

IndiaBangalore

Website

hccb.in

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$3.9B (Dec 2024)

Hindustan Coca-Cola Beverages Valuation

Hindustan Coca-Cola Beverages is currently valued at $3.9B, based on its strategic investment round in December 2024.

The $600M round was led by Jubilant Bhartia Group.

Hindustan Coca-Cola Beverages valuation by funding round

Hindustan Coca-Cola Beverages valuation by funding round
DateStageValuation
Dec 2024Strategic investment$3.9B

Hindustan Coca-Cola Beverages Funding History

Hindustan Coca-Cola Beverages has raised a total of $600M across 1 funding round.

Hindustan Coca-Cola Beverages funding rounds

Hindustan Coca-Cola Beverages funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2024Strategic investmentJubilant Bhartia Group (lead)$600M$3.9BHindustan Coca-Cola Beverages (HCCB) is the largest Coca-Cola bottler in India, operating 16 factories and serving as a key franchise partner for The Coca-Cola Company in the country. On December 11, 2024, Jubilant Bhartia Group announced a definitive agreement to acquire a 40% equity stake in Hindustan Coca-Cola Holdings Private Limited (HCCH), the parent of HCCB, through its entity Jubilant Beverages Limited. The deal, valued at INR 117.044 billion (approximately $1.47 billion) for the 40% stake, implies a full post-money valuation of around INR 367.76 billion for HCCH/HCCB, with completion on July 22, 2025, following regulatory approvals including from the Competition Commission of India on May 1, 2025. Jubilant Bhartia Group, a multi-billion conglomerate with interests in pharmaceuticals, food services (including Domino's Pizza franchisee Jubilant FoodWorks), and other sectors, views the investment as a strategic entry into India's high-growth beverage market. The group funded the acquisition with a mix including $600 million from Goldman Sachs Asset Management, internal equity, debt, and rupee bonds totaling around $658 million equivalent. Financial advisors included Morgan Stanley for Jubilant and Rothschild & Co for Coca-Cola, with multiple legal firms involved. For the financial year 2023-24, HCCB reported total revenue of INR 52 million, though this figure appears unusually low relative to its scale and may reflect specific reporting or consolidated metrics. The Indian non-alcoholic beverages sector is projected to grow from $17 billion in 2023 to over $24 billion by 2027. The investment aims to leverage Jubilant's operational expertise and market knowledge to accelerate HCCB's growth alongside Coca-Cola's global brands portfolio including Sprite, Fanta, and others.

Who has invested in Hindustan Coca-Cola Beverages?

1 investor has backed Hindustan Coca-Cola Beverages across its funding rounds, including Jubilant Bhartia Group.

Lead investors include Jubilant Bhartia Group.


Hindustan Coca-Cola Beverages Investors

Investors in Hindustan Coca-Cola Beverages by funding rounds participated
InvestorHQRoundsRoleFirst check

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Hindustan Coca-Cola Beverages Competitors

Hindustan Coca-Cola Beverages competitors include listed companies like Kewpie, Patanjali Foods, Uni-President China and Nisshin Seifun Group, and private ones like Balaji Wafers and GrubMarket.

Public and private companies comparable to Hindustan Coca-Cola Beverages
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
KewpieJapanJapanPublicly listed$3.3B$421M$4B1.1x
Balaji WafersIndiaRajkotPrivate$584M-$4B6.8x
Patanjali FoodsIndiaIndiaPublicly listed$4.2B$170M$4B0.9x
Uni-President ChinaChinaChinaPublicly listed$4.7B$537M$3.8B0.6x
Nisshin Seifun GroupJapanJapanPublicly listed$5.6B$525M$3.7B0.7x
GrubMarketUnited StatesSan Francisco, CAPrivate--$3.5B-

Hindustan Coca-Cola Beverages Public Comps

Hindustan Coca-Cola Beverages is still privately-owned, but its public comps include Kewpie, Patanjali Foods, Uni-President China, Nisshin Seifun Group, Coca-Cola Andina, NH Foods, Want Want China, San Miguel Food, Strauss Group and Cranswick.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Kewpie$3.3B$421M1.2x1.1x9.1x10.5x
Patanjali Foods$4.2B$170M1.0x0.9x25.0x19.5x
Uni-President China$4.7B$537M0.6x0.6x5.5x5.4x
Nisshin Seifun Group$5.6B$525M0.7x0.7x7.3x8.1x
Coca-Cola Andina$3.5B$620M1.4x1.3x8.1x7.0x
NH Foods$9.4B$642M0.5x0.5x7.7x7.3x
Want Want China$3.6B$830M0.8x0.8x3.5x3.6x
San Miguel Food$6.7B$1.3B0.9x-4.5x-

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Common questions about Hindustan Coca-Cola Beverages

When was Hindustan Coca-Cola Beverages founded?Hindustan Coca-Cola Beverages was founded in 1997.
Where is Hindustan Coca-Cola Beverages headquartered?Hindustan Coca-Cola Beverages is headquartered in Bangalore, India.
Is Hindustan Coca-Cola Beverages publicly listed?No, Hindustan Coca-Cola Beverages is a private, VC-backed company.
What is Hindustan Coca-Cola Beverages' valuation?Hindustan Coca-Cola Beverages was last valued at $3.9B in its strategic investment round in December 2024.
How much funding has Hindustan Coca-Cola Beverages raised?Hindustan Coca-Cola Beverages has raised $600M across 1 funding round.
What was Hindustan Coca-Cola Beverages' last funding round?Hindustan Coca-Cola Beverages' last funding round was a $600M strategic investment round in December 2024, led by Jubilant Bhartia Group.
Who are Hindustan Coca-Cola Beverages' investors?Hindustan Coca-Cola Beverages' investors include Jubilant Bhartia Group.
Which companies are comparable to Hindustan Coca-Cola Beverages?Companies comparable to Hindustan Coca-Cola Beverages include Kewpie, Balaji Wafers, Patanjali Foods, Uni-President China, Nisshin Seifun Group and GrubMarket.

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