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, Nisshin Seifun Group, Marfrig and Cranswick, and private ones like Balaji Wafers and Impossible Foods.

Public and private companies comparable to Hindustan Coca-Cola Beverages
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
KewpieJapanJapanPublicly listed$3.3B$415M$3.9B1.1x
Nisshin Seifun GroupJapanJapanPublicly listed$5.5B$518M$4B0.7x
Balaji WafersIndiaRajkotPrivate$584M-$4B6.8x
Impossible FoodsUnited StatesRedwood City, CAPrivate--$4B-
MarfrigBrazilBrazilPublicly listed$30B$2.1B$4B0.5x
CranswickUnited KingdomUnited KingdomPublicly listed$4B$448M$3.8B1.0x

Hindustan Coca-Cola Beverages Public Comps

Hindustan Coca-Cola Beverages is still privately-owned, but its public comps include Kewpie, Nisshin Seifun Group, Marfrig, Cranswick, Societe LDC, Post Holdings, San Miguel Food, Strauss Group, Indofood CBP and Patanjali Foods.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Kewpie$3.3B$415M1.2x1.1x9.2x10.6x
Nisshin Seifun Group$5.5B$518M0.7x0.7x7.8x8.6x
Marfrig$30B$2.1B0.5x0.5x6.6x5.8x
Cranswick$4B$448M1.0x1.0x9.3x8.9x
Societe LDC$8.1B$790M0.5x0.5x5.6x5.3x
Post Holdings$8.2B$1.3B1.4x1.4x8.3x7.1x
San Miguel Food$6.6B$1.3B0.9x-4.5x-
Strauss Group$2.5B$368M2.0x1.2x13.4x-

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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, Nisshin Seifun Group, Balaji Wafers, Impossible Foods, Marfrig and Cranswick.

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