Jubilant Bhartia Group Enters Beverage Arena With 40% Stake in Hindustan Coca-Cola

Jubilant Bhartia Group Completes ₹11,704 Crore Deal for 40% Stake in Hindustan Coca-Cola Holdings.

The Jubilant Bhartia Group has officially acquired a 40% equity stake in Hindustan Coca-Cola Holdings Private Limited (HCCH) for ₹11,704 crore, solidifying its position in India’s rapidly growing non-alcoholic beverages sector.

In a regulatory filing under Regulation 51 of the SEBI (LODR) Regulations, 2015, the group confirmed the successful closure of the deal on Tuesday. This strategic acquisition marks a major milestone in the Indian FMCG landscape, positioning Jubilant Bhartia Group as a significant partner in Coca-Cola’s operations in India.

Strengthening Beverage Presence
HCCH is the parent company of Hindustan Coca-Cola Beverages Pvt. Ltd (HCCB), which manages bottling and distribution of Coca-Cola products such as Coca-Cola, Sprite, Thums Up, Fanta, and Limca across 236 districts in 12 Indian states. HCCB operates 13 factories and is one of Coca-Cola’s largest bottling partners worldwide.

With this move, Jubilant Bhartia Group aims to expand its footprint in the fast-moving consumer goods (FMCG) space, leveraging HCCB’s vast infrastructure and market presence to drive long-term growth.

Regulatory Greenlight and Background
The acquisition was first announced in December 2024, with the group signing a definitive agreement to buy a 40% stake through its subsidiary, Jubilant Beverages. The deal received clearance from the Competition Commission of India (CCI) on May 1, 2025.

A Diversified Conglomerate
What began as a pharmaceutical and chemicals venture, the Jubilant Bhartia Group has since diversified into contract research, agriculture-related products, polymers, and food services. Its listed entity, Jubilant FoodWorks Ltd, operates popular food franchises such as Domino’s Pizza in India and neighbouring countries, and Dunkin’.

This landmark transaction not only reflects the group’s intent to enter the high-volume beverage business, but also signals its ambition to become a prominent FMCG player alongside global giants.