Latest news with #KandhariGlobalBeverages
Economic Times
10-07-2025
- Business
- Economic Times
Coca-Cola bottler Kandhari acquires Wave Beverages
Synopsis Kandhari Global Beverages has acquired Wave Beverages' bottling operations for Coca-Cola. The deal is valued at approximately ₹1,000 crore. This acquisition expands Kandhari Global's reach in Punjab and Himachal Pradesh. It follows their earlier purchase of Coca-Cola's North Gujarat bottling operations. The move consolidates Coca-Cola's bottling structure in India. India is Coca-Cola's fifth largest market by volume sales. Reuters Representative image. New Delhi: One of Coca-Cola's top bottling partners in India, Kandhari Global Beverages, has acquired Wave Beverages' bottling operations for the American soft-drinks maker for about ₹1,000 crore, people directly aware of the matter Global managing director Varinder Pal Singh Kandhari confirmed the transaction that will help his company take over Wave Beverages' bottling territories in parts of Punjab and Himachal Pradesh as it expands operations in the northern and western markets. He declined to comment on the financial deal comes five months after Kandhari Global bought Coca-Cola's North Gujarat bottling operations for ₹2,000 crore. That bottling business was acquired from Coca-Cola's own bottling company Hindustan Coca-Cola Beverages (HCCB). Wave Beverages is an independent bottler for Coca-Cola and was part of the Noida-based Wave Group. "The move consolidates Coca-Cola's independent bottling structure ... It also marks the near-exit of the diversified Wave Global from Coca-Cola's bottling business," one of the people said. Coca-Cola sold a 40% stake in HCCB to the Jubilant Bhartia Group for ₹12,500 crore ($1.47 billion) under a deal announced in December last year. The Atlanta-based beverages maker has 15 manufacturing plants. The remaining bottling operations are split among 10 independent franchise partners such as Kandhari Global Beverages, Moon Beverages and SLMG Beverages. Coca-Cola sells concentrate to the bottlers who produce the beverages and distribute them. Kandhari Global has existing bottling operations in Jammu & Kashmir, Haryana, most of Punjab, Himachal Pradesh, Rajasthan, North Gujarat and parts of Delhi."This (acquisition) makes us (one of) Coca-Cola's top-two independent bottling partners. In future, we may explore expanding our operations globally, which will depend on Coca-Cola's requirements," Kandhari told is Coca-Cola's fifth largest market by volume sales, and the company leads the soft drink market, industry sources said citing data from market research firm NielsenIQ. The April-June quarter, the most crucial for soft-drink sales in India as it is the peak summer season, has been underwhelming this year for Coca-Cola and other beverage makers as temperatures remained relatively cooler due to unseasonal rains."This summer has been challenging on account of the rains. But there is enough bandwidth with pricing, packs and distribution strategies to continue with strong growth for the full year," Kandhari said.A report from think tank ICRIER estimated India's beverages industry, including carbonated soft drinks, juices and water, to be ₹67,000 crore in sales in 2024. It projected the market to reach ₹1.47 lakh crore by the report's findings suggest the growth potential of the market, competition has also intensified with the entry of Reliance Consumer Products-owned Campa.
Time of India
10-07-2025
- Business
- Time of India
Coca-Cola bottler Kandhari acquires Wave Beverages
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: One of Coca-Cola's top bottling partners in India, Kandhari Global Beverages , has acquired Wave Beverages' bottling operations for the American soft-drinks maker for about ₹1,000 crore, people directly aware of the matter Global managing director Varinder Pal Singh Kandhari confirmed the transaction that will help his company take over Wave Beverages' bottling territories in parts of Punjab and Himachal Pradesh as it expands operations in the northern and western declined to comment on the financial deal comes five months after Kandhari Global bought Coca-Cola's North Gujarat bottling operations for ₹2,000 crore. That bottling business was acquired from Coca-Cola's own bottling company Hindustan Coca-Cola Beverages (HCCB). Wave Beverages is an independent bottler for Coca-Cola and was part of the Noida-based Wave Group. "The move consolidates Coca-Cola's independent bottling structure ... It also marks the near-exit of the diversified Wave Global from Coca-Cola's bottling business," one of the people sold a 40% stake in HCCB to the Jubilant Bhartia Group for ₹12,500 crore ($1.47 billion) under a deal announced in December last year. The Atlanta-based beverages maker has 15 manufacturing plants. The remaining bottling operations are split among 10 independent franchise partners such as Kandhari Global Beverages, Moon Beverages and SLMG Beverages. Coca-Cola sells concentrate to the bottlers who produce the beverages and distribute Global has existing bottling operations in Jammu & Kashmir, Haryana, most of Punjab, Himachal Pradesh, Rajasthan, North Gujarat and parts of Delhi."This (acquisition) makes us (one of) Coca-Cola's top-two independent bottling partners. In future, we may explore expanding our operations globally, which will depend on Coca-Cola's requirements," Kandhari told is Coca-Cola's fifth largest market by volume sales, and the company leads the soft drink market, industry sources said citing data from market research firm NielsenIQ. The April-June quarter, the most crucial for soft-drink sales in India as it is the peak summer season, has been underwhelming this year for Coca-Cola and other beverage makers as temperatures remained relatively cooler due to unseasonal rains."This summer has been challenging on account of the rains. But there is enough bandwidth with pricing, packs and distribution strategies to continue with strong growth for the full year," Kandhari said.A report from think tank ICRIER estimated India's beverages industry, including carbonated soft drinks, juices and water, to be ₹67,000 crore in sales in 2024. It projected the market to reach ₹1.47 lakh crore by the report's findings suggest the growth potential of the market, competition has also intensified with the entry of Reliance Consumer Products-owned Campa.
Yahoo
23-04-2025
- Business
- Yahoo
Kandhari Global Beverages deal for Hindustan Coca-Cola assets gets green light
India's competition watchdog has waved through Kandhari Global Beverages' acquisition of a set of assets from Hindustan Coca-Cola Beverages. In a brief statement issued yesterday (22 April), the Competition Commission of India said it had approved the deal between the two Coca-Cola bottlers, which had been drawn up earlier this year. Kandhari Global Beverages supplies and distributes products for The Coca-Cola Company in the Indian state of Rajasthan. The group is buying Hindustan Coca-Cola Beverages' (HCCB) assets northern Gujarat and Diu. Kandhari Global Beverages has factories in states including Haryana, Punjab and Himachal Pradesh. Last month, Varinder Pal Singh Kandhari, the managing director of Kandhari Global Beverages, reportedly indicated the company's ambitions to expand outside India. 'We do look forward to being global someday, i.e., beyond the boundaries of India, if there's an opportunity that ever comes up from the Coca-Cola Company,' Kandhari was quoted as saying by business outlet Mint. 'As of now, whatever they had to re-franchise they have. But there could be other opportunities coming up.' In December, The Coca-Cola Co. agreed to sell a 40% stake in Hindustan Coca-Cola Holdings, the owner of HCCB, to Jubilant Bhartia Group. With 14 factories across ten Indian states, HCCB manufactures and sells 37 products across eight brands, including soft drinks such as Coca-Cola, Thums Up and Sprite. December also saw HCCB offloaded its bottling operations in the Indian state of Jharkhand to Moon Beverages. At the start of last year, the group sold three bottling operations to SLMG Beverages, Moon Beverages and Kandhari Global Beverages. The latter snapped up assets in Rajasthan. "Kandhari Global Beverages deal for Hindustan Coca-Cola assets gets green light" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Time of India
23-04-2025
- Business
- Time of India
CCI approves Kandhari Beverages proposal to acquire Coca-Cola's bottling arm for Rs 2,000 crore
Fair trade regulator CCI on Tuesday approved Kandhari Global Beverages' proposal to acquire beverage major Coca-Cola's bottling plant for Rs 2,000 crore. Kandhari Global Beverages is an authorised bottler of the Coca-Cola Company (TCCC) and Schweppes Holdings, and is engaged in the business of supplying and distributing non-alcoholic beverage (NAB) products in Rajasthan. "CCI approves the proposed acquisition of the target business by Kandhari Global Beverages Pvt Ltd," the Competition Commission of India (CCI) said in a release. The target business comprises Hindustan Coca-Cola Beverages Pvt Ltd's (HCCBPL) business of preparing, packaging, supplying and distributing NAB products in north Gujarat and Union Territory of Diu. Last month, Coca-Cola said that it is selling its bottling plant in the north Gujarat region to Kandhari Global Beverages. Though the company has not shared financial details, industry insiders have pegged the deal to be around Rs 2,000 crore, where Coca-Cola will transfer business from HCCBL, its bottling arm in India, to its bottling partner Kandhari Global Beverages. The Atlanta-headquartered beverage major is divesting assets globally by franchising regional operations to local partners as part of its asset-light business model. Kandhari Global Beverages Managing Director Varinder Pal Singh Kandhari told PTI that the company is ready for more bottling opportunities from Coca-Cola in India as well as foreign territories. The Kandhari family-owned business entered in beverage business in 1967 and with eight bottling locations, the company has a capacity of 12,000 BPM (bottles per minute). It has been associated with Coca-Cola since 1993 when the Atlanta-based firm re-entered India. On its expansion in Gujarat, Kandhari said the Indian beverages segment is very dynamic and provides exciting opportunities. "As part of the transaction, we are committed to making substantial investments in the business over the next decade, not only supply chain RTM (route to market) and sales execution but also in people, digitalisation and sustainability," he said. After the CCI's approval, HCCBL will be left with 15 operational plants in India, where it produces beverages like Coca-Cola, Thums Up, Sprite, Minute Maid, Maaza, SmartWater, Kinley, Limca, and Fanta, among others. In the December quarter, Coca-Cola divested a 40 per cent stake in HCCBL to the Bhartia family. Though the company has not disclosed the amount, some media reports have pegged it to be around Rs 10,000 crore. In the March quarter of last year, it had franchised its bottling operations to its existing bottlers in three key markets -- Rajasthan, Bihar, north-east, and parts of West Bengal -- to its existing bottlers, earning USD 290 million (around Rs 2,420 crore). Kandhari Global Beverages was one of the three existing bottlers to whom HCCB had transferred bottling operations of the Rajasthan market. It already operates in parts of Delhi, Himachal Pradesh, Haryana, Punjab, Chandigarh, Jammu & Kashmir, and Ladakh. The two other existing partners were SLMG Beverages and Moon Beverages. India is the fifth largest market of Coca-Cola. HCCBL's revenue in FY24 was Rs 14,021.54 crore and it recorded a net profit of Rs 2,808.31 crore, helped by the sale of bottling operations.>
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Business Standard
22-04-2025
- Business
- Business Standard
CCI approves Kandhari's Rs 2,000-cr deal for Coca-Cola's bottling unit
Fair trade regulator CCI on Tuesday approved Kandhari Global Beverages' proposal to acquire beverage major Coca-Cola's bottling plant for Rs 2,000 crore. Kandhari Global Beverages is an authorised bottler of the Coca-Cola Company (TCCC) and Schweppes Holdings, and is engaged in the business of supplying and distributing non-alcoholic beverage (NAB) products in Rajasthan. "CCI approves the proposed acquisition of the target business by Kandhari Global Beverages Pvt Ltd," the Competition Commission of India (CCI) said in a release. The target business comprises Hindustan Coca-Cola Beverages Pvt Ltd's (HCCBPL) business of preparing, packaging, supplying and distributing NAB products in north Gujarat and Union Territory of Diu. Last month, Coca-Cola said that it is selling its bottling plant in the north Gujarat region to Kandhari Global Beverages. Though the company has not shared financial details, industry insiders have pegged the deal to be around Rs 2,000 crore, where Coca-Cola will transfer business from HCCBL, its bottling arm in India, to its bottling partner Kandhari Global Beverages. The Atlanta-headquartered beverage major is divesting assets globally by franchising regional operations to local partners as part of its asset-light business model. Kandhari Global Beverages Managing Director Varinder Pal Singh Kandhari told PTI that the company is ready for more bottling opportunities from Coca-Cola in India as well as foreign territories. The Kandhari family-owned business entered in beverage business in 1967 and with eight bottling locations, the company has a capacity of 12,000 BPM (bottles per minute). It has been associated with Coca-Cola since 1993 when the Atlanta-based firm re-entered India. On its expansion in Gujarat, Kandhari said the Indian beverages segment is very dynamic and provides exciting opportunities. "As part of the transaction, we are committed to making substantial investments in the business over the next decade, not only supply chain RTM (route to market) and sales execution but also in people, digitalisation and sustainability," he said. After the CCI's approval, HCCBL will be left with 15 operational plants in India, where it produces beverages like Coca-Cola, Thums Up, Sprite, Minute Maid, Maaza, SmartWater, Kinley, Limca, and Fanta, among others. In the December quarter, Coca-Cola divested a 40 per cent stake in HCCBL to the Bhartia family. Though the company has not disclosed the amount, some media reports have pegged it to be around Rs 10,000 crore. In the March quarter of last year, it had franchised its bottling operations to its existing bottlers in three key markets -- Rajasthan, Bihar, north-east, and parts of West Bengal -- to its existing bottlers, earning USD 290 million (around Rs 2,420 crore). Kandhari Global Beverages was one of the three existing bottlers to whom HCCB had transferred bottling operations of the Rajasthan market. It already operates in parts of Delhi, Himachal Pradesh, Haryana, Punjab, Chandigarh, Jammu & Kashmir, and Ladakh. The two other existing partners were SLMG Beverages and Moon Beverages. India is the fifth largest market of Coca-Cola. HCCBL's revenue in FY24 was Rs 14,021.54 crore and it recorded a net profit of Rs 2,808.31 crore, helped by the sale of bottling operations.
