Cargills reports strong FY25 performance
View(s):Cargills (Ceylon) PLC, one of Sri Lanka’s leading consumer companies, has reported a strong financial performance for the financial year ending March 2025, supported by volume-led growth across its key business segments—Retail, FMCG, and Restaurants.
Group revenue rose 8.2 per cent year-on-year, with Profit After Tax (PAT) growing by 22.5 per cent, reflecting improved consumer demand and the group’s ongoing focus on efficiency, affordability, and innovation, the company said in a media release.
During the fourth quarter, revenue grew 9.4 per cent to Rs.59.5 billion, while operating profit rose by 14.9 per cent. The company recorded a PAT of Rs. 2.1 billion for the quarter, up 7.8 per cent from the same period last year.
The retail sector, which comprises one of Sri Lanka’s most recognisable brands – Cargills Food City, recorded healthy growth in both footfall and average basket value, even amidst deflationary conditions. Its leadership attributed this to targeted promotional strategies and investment in affordable pricing to drive savings for shoppers. Eight new stores were added during the quarter, taking the total store count to 545.
The restaurants sector, anchored by KFC, recorded double-digit growth with new store additions and steady same-store performance. The company now operates 78 KFC outlets across the country.
Cargills continues to make a substantial contribution to Sri Lanka’s economy, generating over Rs 3.5 billion per month in tax revenue and nearly Rs 2 billion per month in direct payments to rural farmers.
Commenting on the results, Deputy Chairman and CEO Ranjit Page said: “This performance reflects the strength and resilience of the Cargills business model, built over decades of commitment to the Sri Lankan consumer. We have continued to grow despite external challenges, supported by a clear strategy, a dedicated team, and the trust of our customers and partners. We remain committed to building a stronger, more inclusive economy by investing in our communities, reaching more consumers, and strengthening our portfolio of trusted brands. As we move forward, our focus will remain on innovation, operational excellence, and delivering long-term value to all our stakeholders.”
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