- Companies
- Hindustan Coca-Cola Beverages
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
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
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$3.9B (Dec 2024)
Sectors
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
| Date | Stage | Valuation |
|---|---|---|
| Dec 2024 | Strategic 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2024 | Strategic investment | Jubilant Bhartia Group (lead) | $600M | $3.9B | Hindustan 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialHindustan 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $3.3B | $421M | $4B | 1.1x | ||
| Private | $584M | - | $4B | 6.8x | ||
| Publicly listed | $4.2B | $170M | $4B | 0.9x | ||
| Publicly listed | $4.7B | $537M | $3.8B | 0.6x | ||
| Publicly listed | $5.6B | $525M | $3.7B | 0.7x | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.3B | $421M | 1.2x | 1.1x | 9.1x | 10.5x | |||
| $4.2B | $170M | 1.0x | 0.9x | 25.0x | 19.5x | |||
| $4.7B | $537M | 0.6x | 0.6x | 5.5x | 5.4x | |||
| $5.6B | $525M | 0.7x | 0.7x | 7.3x | 8.1x | |||
| $3.5B | $620M | 1.4x | 1.3x | 8.1x | 7.0x | |||
| $9.4B | $642M | 0.5x | 0.5x | 7.7x | 7.3x | |||
| $3.6B | $830M | 0.8x | 0.8x | 3.5x | 3.6x | |||
| $6.7B | $1.3B | 0.9x | - | 4.5x | - | |||
This data is available for Pro users. Sign up to see all Hindustan Coca-Cola Beverages competitors and their valuation data. Start Free Trial | ||||||||
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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