📈 Teejay Group Q1 FY2026/27: Revenue Softens Amid Supply Chain Disruptions & Pricing Pressures

Teejay Group, a major player in Sri Lanka's apparel & textiles sector, released its performance summary for Q1 FY2026/27 (ended June 30, 2026), reflecting global market headwinds and geopolitical supply chain impacts. • Financial Performance: • Revenue: LKR 15.64 Bn (down 1% YoY), hit by lower volumes, pricing pressures, and Strait of Hormuz supply disruptions. • Gross Profit: LKR 0.3 Bn (down 75% YoY). • Net Result: LKR 0.48 Bn net loss (compared to a profit in Q1 FY2025/26). • Cost Management & Operational Realignment: • Administrative Expenses: LKR 136 Mn (down 16% YoY). • Distribution Expenses: LKR 932 Mn (down 3% YoY). • Mitigated losses through organizational restructuring and disciplined expense optimization. • Balance Sheet Strength: • Cash Balance: LKR 10.6 Bn. • Net Asset Base: LKR 34 Bn. • Net Asset Value per Share: LKR 47.08. • Outlook: Focus remains on long-term transformation, product diversification, and multi-location operations to build resilience as global demand recovers.