Bairaha Farms swings to Rs. 425 mn profit in September quarter

Bairaha Farms PLC, one of Sri Lanka’s leading poultry producers reported a net profit of Rs. 425 million for the quarter ended 30 September 2025, reversing a loss of Rs. 109 million recorded in the corresponding quarter last year.

For the six-month period, cumulative profit rose sharply to Rs. 403 million, compared with Rs. 38 million in the same period of 2024. 

The company attributed the improvement to a recovery in market conditions, with prices of live birds and day-old chicks increasing from June and peaking in September amid tightening supply.

“During this period, the industry also witnessed a gradual reduction in day-old chick and live bird output due to several factors, including lower average weights in broiler birds arising from feed quality issues in using poor quality of locally sourced maize, as well as a reduction in parent stock placements. These developments contributed to a tightening of supply, supporting the upward movement in price,” the company said in a commentary following the release if the financial results for the period.

Despite the improved market environment, feed quality challenges persisted. Although maize imports were permitted during the quarter, locally purchased maize of lower quality and higher cost had to be utilised first, adversely affecting the profitability of the feed milling operation.

As a result, the share of profit from joint ventures declined to a loss of Rs. 12 million for the six months, compared with a profit of Rs. 192 million in the same period last year.

Bairaha Farms said it remains focused on improving operational efficiency and product quality while addressing supply chain challenges, expressing confidence in sustaining growth and delivering value to shareholders.