Hindustan Coca-Cola Beverages (HCCB) has sold its North Gujarat bottling operations to Kandhari Global Beverages for approx. Rs 2,000 crore. The move aligns with HCCB’s asset-light strategy, which has seen the company divest bottling operations in Rajasthan, Bihar, West Bengal, and the Northeast during FY24.
The transfer remains subject to regulatory approvals. HCCB highlighted that the decision ensures the right level of investment while enhancing scale and business continuity.
The company stated that it has “synergised, restructured, and consolidated” operations in eastern and central India through bottling business divestments. Meanwhile, HCCB invested Rs 1,963 crore in FY24 to expand its manufacturing capacity nationwide.