Moon Beverages Eyes IPO to Fuel Expansion

Moon Beverages, a leading Coca-Cola bottler in India and part of the diversified MMG Group, is considering an Initial Public Offering (IPO) to support its ambitious growth plans, according to a top company executive.

Anant Agarwal, Vice Chairman of MMG Group, shared with PTI that the company aims to double its revenue within the next three to four years. This growth will be driven by increased production capacity, new plants, and expanded market reach.

Aggressive Investment Strategy

The group has already invested over Rs 4,000 crore into Moon Beverages, focusing on acquisitions, infrastructure, and capacity expansion. Two new bottling plants in Guwahati (Assam) and Rourkela (Odisha) are expected to significantly boost the company’s bottling capacity.

"We need this constant investment to double the business in three to four years, and we are not shying away," Agarwal emphasized, highlighting the group’s aggressive growth strategy in India’s underpenetrated soft drinks market.

Expanding Footprint

Currently the third-largest Coca-Cola bottler in India, Moon Beverages has expanded its presence through strategic acquisitions, including operations in Jharkhand from Hindustan Coca-Cola Beverages (HCCB). The company now has a significant footprint across several key regions in India.

Looking ahead, Moon Beverages is open to further regional expansion and exploring international opportunities in partnership with Coca-Cola. "We are open to acquisitions and would be happy to go global when the opportunity arises," said Agarwal.

Confidence in Growth

Backed by the Agarwal family-owned MMG Group, Moon Beverages is poised for a 20% year-on-year growth trajectory over the next five years, signaling strong confidence in both the business and India’s evolving beverage market.