Hemas reports strong 1Q26 performance

• Healthcare earnings lead gains

Group CEO Ashish Chandra

Hemas Holdings PLC posted a double-digit profit gain for the June quarter, driven by a strong topline growth in its healthcare segment, improved margins and easing finance costs, positioning the diversified group on firmer ground as it entered the new financial year.
Group revenue for the three months ended June 30 rose to Rs.28.5 billion, while operating profit climbed 6.9 percent to Rs.2.1 billion. Net profit for the period stood at Rs.1.2 billion.
The company’s share price continued its sharp upward trend, marking an 83.1 percent year-on-year (YoY) gain.
The healthcare segment emerged as the key growth engine, recording a 20.2 percent increase in revenue to Rs.19.4 billion. Operating profit rose nearly 30 percent, as hospitals, pharmaceutical distribution and manufacturing businesses delivered across the board.
Hemas Pharmaceuticals introduced new therapies in the lipid and blood pressure segments, while pharmaceutical manufacturer Morison restructured operations to focus more sharply on its core manufacturing business, transitioning agency operations to Hemas Pharmaceuticals.
The group flagged the upcoming regulatory headwinds, with the government recently issuing gazette No. 2446/34, introducing price caps on medicines. The impact on selling prices remains to be seen.
The consumer brands segment posted a 2.6 percent dip in revenue on the back of earlier price reductions amid the easing input costs. However, earnings grew 13.6 percent to Rs.665.6 million, supported by portfolio optimisation and operational efficiencies. Strong performance in brands such as Vivya, Velvet, Dandex and Goya helped offset the moderate declines in the home care volumes.
The international consumer business in Bangladesh continued to benefit from the macroeconomic stabilisation and delivered revenue and margin gains. 
In education, Atlas maintained its market leadership, with the PlayPlaz range now available nationwide and over 3,600 preschool teachers trained on usage.
The group’s mobility sector also saw a modest 4 percent rise in revenue to Rs.494.9 million, largely driven by the cargo operations.
In the ESG initiatives, Hemas collected over 281,000 kilogrammes of plastic waste during the quarter and increased the share of renewable energy to 9 percent of total electricity use. The group’s community impact programmes reached over 19,000 children and teachers and supported more than 2,000 vulnerable individuals.
Hemas Holdings Group CEO Ashish Chandra, who recently took the helm, shared the entity is currently evaluating overseas expansion opportunities and the extension of the Thalawathugoda hospital—ventures that are aligned with the long-term growth priorities and designed to unlock scale and value across the portfolio.