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According to Bloomberg News, Coca-Cola is considering an initial public offering (IPO) for its Indian bottling unit – Hindustan Coca-Cola Beverages – in a deal that could be valued at $1 billion.

Bloomberg’s report states that the company has been in talks with bankers over the past few weeks to discuss a potential IPO, which would value the unit at around $10 billion.

The media outlet’s unidentified sources reportedly said a potential deal is still in its early stages, and would be likely to take place in 2026 if it does go ahead. Further details of the potential deal – such as timing, structure and size of the offering – are still believed to be subject to change.

FoodBev has not yet been able to independently confirm the news, as Coca-Cola has not yet responded to a request for comment.

Hindustan Coca-Cola Beverages is the largest Coca-Cola bottler in India, and has been manufacturing Coca-Cola brands in the country since 1997. Headquartered in Bengaluru, it has a workforce of more than 5,000 employees and serves 3 million customers, according to its website.

In December 2024, The Coca-Cola Company announced an agreement for Jubilant Bhartia Group to acquire a 40% stake in Hindustan Coca-Cola Holdings, HCCB's parent company.

This summer, the bottler appointed Hemant Rupani as its new CEO, effective from September. Rupani joined following a nine-year career with Mondelēz International. He succeeded former chief executive Juan Pablo Rodriguez, who moved to pursue a new opportunity within the Coca-Cola system.