Cargills (Ceylon) PLC reported a strong financial performance for the financial year ending March 31, 2025, supported by volume-led growth across its key business segments — Retail, FMCG, and Restaurants.
Group revenue rose 8.2% year-on-year, with Profit After Tax (PAT) growing by 22.5%, reflecting improved consumer demand and the Group’s ongoing focus on efficiency, affordability, and innovation. During the fourth quarter, revenue grew 9.4% to Rs. 59.5 billion, while operating profit rose by 14.9%. The company recorded a PAT of Rs. 2.1 billion for the quarter, up 7.8% from the corresponding period last year.
The Retail sector, which comprises Cargills Food City, recorded healthy growth in footfall and average basket value, even amidst deflationary conditions.
The Retail 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. In FMCG, Cargills delivered volume growth across all major categories. With VAT removed on UHT milk and yoghurt from April 2025, the company has passed on price reductions to consumers, helping further drive demand.
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.
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.”
