Hayleys posts Rs. 14bn profit as nine-month revenue climbs 16% to Rs. 421bn

Mohan Pandithage - Chairman

Dhammika Perera - Co-Chairman

• Group consolidated revenue up 16% amid global headwinds
• Declares Rs. 4.5bn dividend and announces Rs. 9bn rights issue
• Targeting growth via entry into supermarket and mobility sectors

The Hayleys Group recorded a Profit After Tax of Rs. 14.02 billion for the first nine months of the financial year ending 31 March 2026. 

The diversified conglomerate saw its consolidated revenue rise by 16 percent year-on-year to Rs. 421.40 billion during this period, driven by sustained domestic performance and export-oriented sectors. 

For the third quarter, the Group posted a 19 percent year-on-year growth in Consolidated Revenue to Rs. 151.88 billion.

Operations during the quarter faced headwinds from Cyclone Ditwah, which disrupted specific economic sectors and required short-term adjustments. However, economic activity has regained momentum, aided by improved macroeconomic stability and policy responses. 

While global trade tensions showed signs of moderation, the Group continued to navigate risks associated with geopolitical instability and regional conflicts affecting the global economic outlook.

Revenue growth for the nine-month period was led by the Consumer & Retail Sector, which capitalised on recovering demand through its brand strength and geographical reach. 

Export-oriented sectors also maintained momentum, recording 11 percent revenue growth, largely supported by the Hand Protection and Purification sectors. During the period, the Group expanded its strategic footprint by entering the mobility and supermarket sectors to strengthen its position in consumer-driven growth segments.

On the profitability front, the Group’s cumulative Consolidated Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 4 percent to Rs. 42.90 billion, while Earnings Before Interest and Tax (EBIT) remained stable at Rs. 32.50 billion. The Group generated a Profit Before Tax of Rs. 22.72 billion for the nine months.

To further solidify its financial position, the Board approved a Rights Issue of Rs. 9 billion. These funds are earmarked for strategic investments in high-growth sectors and the partial settlement of debt, a move expected to stabilize the balance sheet and improve financial flexibility. Fitch Ratings recently reaffirmed the Group’s National Long-Term Rating at ‘AAA (lka)’ with a Stable Outlook, citing its diverse portfolio and anticipated cash flow expansion.

Hayleys PLC declared an interim dividend of Rs. 6 per share, totaling Rs. 4.5 billion. This payout reflects the Board’s confidence in the Group’s financial strength and cash flow stability.

Commenting on the results, Chairman and Chief Executive Mohan Pandithage stated that the Group is focused on strengthening business fundamentals while positioning for the next phase of expansion. He noted that their diversified portfolio and disciplined capital strategy place them well to pursue new growth opportunities.

The Group was also named the Overall Winner at the CA Sri Lanka TAGS Awards 2025 for the fourth consecutive year. In terms of sustainability, Hayleys limited the increase in Scope 1 and 2 GHG emissions to 3 percent and achieved a 10% reduction in emission intensity during the review period. Supported by stabilizing macroeconomic conditions, the Group expects to conclude the financial year on a positive note.