Coca-Cola Bottler HCCB Eyes IPO
In India, the manufacture and distribution of brands like Coca-Cola, Thums Up, Sprite, Minute Maid, Maaza, and Kinley water are owned by HCCB
The Coca-Cola bottling company in India, Hindustan Coca-Cola Beverages (HCCB), is considering an initial public offering (IPO). The cola giant reportedly wants to capitalise on the market's love of fizzy drinks and its expanding customer base.
Their confidence in the market, where HCCB controls the beverage landscape, is evident in this calculated move.
HCCB experienced a notable increase in income of 40.35 per cent in FY23, reaching Rs 12,840.39 crore. Operating expenses increased in tandem with this rise, rising 39.79 per cent to Rs 11,191.26 crore for the fiscal year ending in March 2023.
In India, the manufacture and distribution of brands like Coca-Cola, Thums Up, Sprite, Minute Maid, Maaza, and Kinley water are owned by HCCB, along with a few other Coca-Cola franchisees.
Business intelligence company Statista's analysis projects that the Indian carbonated soft drink market will generate US$2.3 billion in revenue overall in 2024 and see volume growth of 3.0 percent in 2025.
HCCB is the latest IPO to hit the Indian market, but the exact listing date of the offering is yet unknown.
