Hayleys PLC, one of Sri Lanka’s leading conglomerates, revealed plans to enter the large-scale supermarket industry, marking a significant milestone in its 148-year history of diversified growth.
The company’s statement highlighted that this venture is a pivotal move to enhance its legacy of innovation and value delivery. “This strategic initiative reflects our commitment to delivering quality, dependability, and exceptional service to Sri Lankan consumers, transforming the retail landscape,” the statement noted. Hayleys aims to leverage its extensive supply chain network, strong brand reputation, and experienced leadership to create a customer-focused retail ecosystem nationwide.
The group plans to launch 100 supermarket outlets strategically positioned in urban and suburban regions. This expansion is expected to diversify Hayleys’ revenue streams, strengthen financial resilience, and create long-term value for stakeholders.
With Sri Lanka’s improving economic conditions, rising urbanization, and evolving consumer preferences, Hayleys sees substantial growth opportunities in the retail sector. “By utilizing our expertise in logistics, manufacturing, and customer service, we aim to offer greater accessibility, superior quality, and diverse choices to customers, reinforcing our dedication to inclusive progress and national development,” the statement added.
In FY25, Hayleys reported a 52% year-on-year increase in Profit After Tax, reaching Rs. 22.51 billion, driven by a 13% revenue growth to Rs. 492.2 billion.
Sri Lanka’s modern retail sector currently includes prominent chains such as Cargills Food City, Keells Super, Arpico Super Centre, LAUGFS Supermarket, Lanka Sathosa, Softlogic Glomark, and Spar. Modern trade penetration in the country remains low at 17%, compared to regional standards.
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