Who owns est?
est is owned by ThaiBev (Thailand, SGX: Y92).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Thai Beverage — Annual Report 2025, Thai Beverage Public Company Limited. Last checked .
Key facts
- Current owner
- Thai Beverage Public Company Limited reported
- Owner HQ
- 🇹🇭 Thailand
- Origin
- 🇹🇭 Thailand
- Founded
- 2012
- Category
- Beverages › Soft drinks › Cola
- Parent ticker
- SGX: Y92
- Last verified
- · 2 sources
About est
est is ThaiBev's carbonated soft drink brand, led by est Cola and extended into sugar-free, strawberry, cream soda, orange and lemon-lime flavours. ThaiBev reports that it outperformed the Thai market in 2025 with campaigns aimed at Gen Z, a sponsorship of the FIVB Volleyball Women's World Championship and a light-reactive Glow Edition.
Ownership timeline of est
Where est sits in ThaiBev
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full ThaiBev ownership tree →
See the full ThaiBev brand portfolio (18) →
Other brands owned by ThaiBev
ThaiBev controls 18 brands on Brandtree, 18 of them in beverages.
Also in beverages
- 333 (1949)
- 333 Pilsner
- anCnoc
- Balblair (1790)
- Bia Lac Viet (2020)
- Bia Saigon
- Bia Saigon Chill
- Bia Saigon Special
- Chang (1995)
- Crystal (1993)
- Larsen Cognac (1926)
- Oishi Green Tea
- Old Pulteney (1826)
- Phraya
- PRAKAAN (2024)
- Speyburn (1897)
- The Cardrona
Other brands in cola, and who owns them
The 23 brands in cola on Brandtree belong to 12 owners. The largest is Coca-Cola, with 5.
| Brand | Owner | Owner based in |
|---|---|---|
| Coca-Cola | Coca-Cola | 🇺🇸 United States |
| Coca-Cola Almaty Bottlers | Coca-Cola İçecek | 🇹🇷 Turkey |
| Diet Pepsi | PepsiCo | 🇺🇸 United States |
| BIG Cola | AJE | 🇵🇪 Peru |
| Hamoud Cola | Hamoud Boualem | 🇩🇿 Algeria |
| Kofola | Kofola | 🇨🇿 Czech Republic |
| Smart Cola | Obolon | 🇺🇦 Ukraine |
| Jolly Cola | Olvi | 🇫🇮 Finland |
About the owner: ThaiBev
ThaiBev is a publicly listed company headquartered in Thailand, founded in 2003. Brandtree records 18 brands under its control, and it is listed as SGX: Y92.
ThaiBev was established in 2003 as a holding company for Thailand's spirits and beer businesses and listed on the Singapore Exchange in 2006. It reported sales of Baht 333,286 million for the year to September 2025 across spirits, beer, soft drinks and food. It owns Chang beer, Oishi and est, the Scotch whiskies of Inver House, and controlling stakes in Vietnam's SABECO, Myanmar's Grand Royal Group and, since an October 2024 share swap, about 70 per cent of Singapore's Fraser and Neave.
🇹🇭 est and other Thai brands
Brandtree records a controlling owner for 76 brands that began in Thailand. 6 of them (8%) are now controlled by a company headquartered in another country; est is not one of them.
- All Coco — Sappe 🇹🇭
- Carabao Dang — Carabao Group 🇹🇭
- M-150 — Osotspa 🇹🇭
- 3BB — AIS 🇹🇭
- After You — After You 🇹🇭
- Anantara Hotels & Resorts — Minor International 🇹🇭
Frequently asked questions
Who is the parent company of est?
The parent company of est is ThaiBev, a publicly listed company headquartered in Thailand.
Is est Thai?
Yes. est originated in Thailand in 2012 and its owner, ThaiBev, is also headquartered in Thailand.
Is est still owned by ThaiBev?
Yes. As of 26 October 2026, est is still owned by ThaiBev. The ownership record was last checked against primary sources on that date.
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Thai Beverage — Annual Report 2025 — Thai Beverage Public Company Limited, Annual report; retrieved 16 September 2026.
- [2] Sermsuk Public Company Limited: เหตุการณ์สำคัญ (milestones) — Sermsuk Public Company Limited, Official document; retrieved 26 October 2026.
Report a correction Opens a pre-filled GitHub issue. See our corrections policy.