Sunshine Holdings FY26: Resilient Revenue Growth Amid Margin Pressures 📈

Sunshine Holdings (SUN) reported a strong top-line performance for the year ended 31 March 2026, driven by core sector expansion. • Overall Performance: • Revenue: LKR 65.9 Bn (+11.2% YoY) • Gross Profit: LKR 19.0 Bn (+6.7% YoY) • PAT: LKR 5.0 Bn (-2.5% YoY) • EBIT: LKR 9.3 Bn (Stable) • Sector Contributions: • Healthcare: 56.8% of revenue (LKR 37.4 Bn, +14.9% YoY). Strong growth in pharma and distribution, though profitability was squeezed by NMRA pricing adjustments. • Consumer: 28.9% of revenue (+2.8% YoY). Driven by resilient performance in branded tea (Zesta, Watawala, Ran Kahata) and growth in the confectionery segment. • Agribusiness: 14.3% of revenue (+18.9% YoY). Primarily supported by strong performance in the palm oil business. • Strategic Highlights: • Acquisition of Joint Agri Products Ceylon (JAPC) to bolster value-added exports of spices, coconut, and tea. • Group strategy focuses on scaling high-performing verticals and expanding presence in domestic and international markets. _Note: Profitability margins moderated primarily due to sector-specific pricing pressures in healthcare and restated tax expense reporting._