Hindustan Coca-Cola Beverages Archives - Business of Food

16 Acquisitions Crossing ₹40K Cr. in the Business Of Food: Business Scale, Deal Logic, and the Big Appetite for Indian Brands

R S Roy — Fri, 18 Jul 2025 11:37:25 +0000

The Taste of Takeovers: From bakeries to basmati, here’s what’s cooking in India’s M&A kitchen. India’s food and foodservice sector has turned into a hotbed of high-stakes acquisitions. Between August 2024 and July 2025, more than a dozen marquee M&A deals have taken place in the food brands and restaurant ecosystem, with cumulative deal values […]

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Bottling a Future: Why Hemant Rupani’s Arrival Is the Next Big Sip for HCCB

R S Roy — Tue, 15 Jul 2025 13:35:17 +0000

Hemant Rupani stepping in as CEO of Hindustan Coca-Cola Beverages (HCCB) on September 8 marks a pivotal point in the company’s evolution. With revenues rebounding from Rs. 12,840 cr in FY23 to Rs. 14,236 cr in FY24 and profits tripling to Rs. 2,808 cr, Rupani inherits both momentum and pressure. Succeeding Juan Pablo Rodriguez, he brings a rare […]

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Coca-Cola gains US$ 290 million from India by divesting its bottling operations

Progressive Grocer Bureau — Thu, 02 May 2024 10:44:46 +0000

The Coca-Cola Company has generated USD 290 million (around INR 2,420 crore) from India in the March quarter through the strategic move of refranchising its bottling operations to its established bottlers in three significant markets.

Earlier this year, in January, Hindustan Coca-Cola Beverages (HCCB), Coca-Cola’s bottling arm in India, announced its decision to divest company-owned bottling operations in Rajasthan, Bihar, Northeast India, and certain regions of West Bengal to its current bottlers.

The company reported net gains of USD 599 million and USD 293 million from the refranchising of its bottling operations in the Philippines and specific territories in India, respectively.

Also, in the Indian market, the Coca-Cola company reported growth in unit case volume during the first quarter of 2024, according to its financial statement. However, in the Asia Pacific market zone, which includes India, unit case volume declined by 2 percent in the first quarter due to decreases in water, sports drinks, coffee, and tea.

India stands as the fifth largest market for the Atlanta-based company, renowned for its brands such as Coca-Cola, Coke, Thums UP, Maaza, Sprite, Fanta, Minute Maid, and more, operating extensively within the nation

On a global scale, the Coca-Cola company experienced a 1 percent increase in unit case volume in 2024.

In the March quarter, The Coca-Cola Company’s net revenue increased by 2.9 percent to USD 11.3 billion, with organic revenues (non-GAAP) experiencing an 11 percent growth.

James Quincey, Chairman and CEO, Coca-Cola Company, expressed, “We are pleased with our performance in early 2024, achieving growth in volume, revenue, and earnings despite a challenging environment.”

In terms of outlook, the company anticipates achieving an organic revenue (non-GAAP) growth of 8-9 percent. This projection comprises robust operational performance aligning with the company’s long-term growth model, as well as the expected pricing effects in several markets grappling with inflation.

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