Maharaja Foods partners with SPAR to launch four new retail outlets

Maharaja Foods PLC has announced a strategic partnership with SPAR Sri Lanka Pvt Ltd to establish four new retail outlets in the Colombo region. 

This collaboration, formalised through a Memorandum of Understanding (MOU), aims to enhance consumer access to Maharaja’s products and strengthen its foothold in the fast-moving consumer goods (FMCG) and food retail sector, according to stock filing on Colombo Stock Exchange.

The move aligns with Maharaja Foods’ long-term strategy to expand its retail presence by leveraging SPAR’s international retail standards and operational framework with its own product expertise and distribution capabilities. 

The Board of Directors anticipates that this expansion will positively contribute to shareholder value and sustain the company’s growth trajectory. Development activities for the new outlets are set to commence immediately.

This expansion follows a period of robust financial performance for Maharaja Foods PLC. For the quarter ending June 30, 2025, the company reported a significant 75 percent increase in net profit for the group, reaching Rs. 14.27 million, compared to Rs. 8.14 million in the same period last year. The group’s revenue also saw a 17 percent rise to Rs. 165.95 million.

The company’s growth is also reflected in its earnings per share, which increased to Rs. 0.11 for the group from Rs. 0.07 in the previous year. Net assets per share for the group also grew to Rs. 2.29 from Rs. 2.17 at the end of March 2025.

The expansion initiative is supported by funds raised through an Initial Public Offering (IPO) on July 26, 2024, where the company raised Rs. 125 million. A portion of these proceeds was allocated for the expansion of warehouse capacity, with funds being utilised to set up a warehouse in Mirigama.