Sunshine Holdings PLC has launched a Group-wide data, digital and AI transformation called 'Reimagining the Future: Sunshine's Digital Evolution Journey' to become more data-driven and AI-ready. The programme will partner with Beyond: Putting Data to Work for organisational readiness and Ernst & Young Sri Lanka for enterprise technology and ERP design.
Sunshine Holdings PLC launched a Group-wide data, digital and AI transformation called 'Reimagining the Future: Sunshine's Digital Evolution Journey' to become data-driven and AI-ready. The group appointed Beyond: Putting Data to Work for organisational readiness and Ernst & Young Sri Lanka for enterprise technology and ERP design.
IT & Digital
Ada Derana·Jul 8, 2026·Award or certificationPositive
Sunshine Holdings (SUN.N0000) held its SUN Awards 2026 and reported consolidated FY26 revenue of Rs. 65.9 billion, up 11.2% YoY. The event presented 169 awards and 119 long-service recognitions across the Group's healthcare, consumer goods and agribusiness businesses.
Sunshine Holdings PLC and India’s Zydus Lifesciences will form a $20m joint venture, Zydus Sunshine Lifesciences Ltd., to build a pharmaceutical manufacturing plant on nearly four acres in BOI Horana to boost local drug production and reduce imports.
Healthcare & Pharma
EconomyNext·Jun 26, 2026·Capacity or capexPositive
Sunshine Holdings, in a JV with Zydus Lifesciences (Zydus Sunshine Lifesciences Pvt Ltd), will build a US$20 million pharmaceutical manufacturing plant on nearly four acres in the BOI zone at Horana to supply Sri Lanka's retail market. The project will focus on local production, technology transfer and job creation under NMRA oversight.
Healthcare & Pharma
Ada Derana·Jun 26, 2026·M&A / stake changePositive
Sunshine Holdings PLC and Zydus Lifesciences formed Zydus Sunshine Lifesciences Pvt Ltd with an investment commitment of over USD 20 million to build a pharmaceutical manufacturing facility at the BOI Horana to boost local production and reduce import reliance.
NCQP 2026 was held on 17 June in Colombo with 2,000+ delegates from 100+ organisations and 450 improvement teams; the Sunil G. Wijesinha QC Circle Excellence Awards went to Team ThreadX (MAS Bodywear) and Team Saviya (Elastomeric Engineering).
Colombo Stock Exchange was flat in Wednesday intraday trading: ASPI down 0.02% at 22,252.79, S&P SL20 at 6,193.16 and turnover Rs 406 million, with materials leading turnover at Rs 88.6 million. Diesel & Motor Engineering declared a final dividend of Rs 40 per share; SANASA Life plans to raise up to Rs 500 million via Tier II debentures.
Colombo Stock Exchange closed flat, with the ASPI up 0.01% at 22,256.49 and the S&P SL20 down 0.03% at 6,193.65. Top positives were LB Finance, National Development Bank, Aitken Spence and Nawaloka; declines came from Melstacorp, Central Finance, Sunshine and Windforce; turnover Rs 1.56bn.
Fuel & Energy PricesHealthcare & PharmaRenewable EnergyTourism
Colombo Stock Exchange closed flat with the ASPI down 0.02% to 22,377 and the S&P SL20 up 0.05% to 6,222; top gainers included Sunshine and Commercial Bank, while Singer and Sampath Bank were among the laggards.
Sunshine Holdings reported consolidated FY26 revenue of Rs.65.9 billion, up 11.2% YoY. PAT was Rs.5.0 billion (down 2.5% YoY) as NMRA pricing cuts weighed on healthcare margins, and the group acquired a majority stake in Joint Agri Products Ceylon Ltd to bolster exports.
Sunshine Holdings (SUN) reported FY26 consolidated revenue of LKR 65.9bn, up 11.2% YoY, while PAT fell 2.5% to LKR 5.0bn and EBIT margins eased amid healthcare pricing pressure. The Group cited NMRA pricing cuts, acquired a majority stake in JAPC, and saw Watawala's palm oil revenue rise 23.6%.
Colombo Stock Exchange was up midday, ASPI +0.54% to 22,294.71 with turnover Rs.700m and materials leading turnover at Rs.192.7m. Top movers included Hayleys, Sunshine and HNB (positive) while Royal Ceramics, SMB Finance and Aitken Spence fell; Jetwing Symphony declared a final dividend of Rs.0.50 and its shares rose 3.6%.
The central bank hiked rates 100bp to 8.75%, and the Colombo Stock Exchange fell with the ASPI down 0.51% to 22,249.88; market turnover was Rs.2.99bn with insurance leading at Rs.2.6bn. Lanka Ashok Leyland proposed a final dividend of Rs30/share and Lighthouse Hotel declared a final dividend of Rs3/share.
CMA Sri Lanka launched national Cost Accounting Standards to strengthen costing, control and reporting across large and medium public and private institutions; the standards prioritize sectors including power, telecom, manufacturing, drugs and agricultural/tea exporters to improve efficiency, pricing transparency and competitiveness.
Colombo Stock Exchange ASPI fell 0.37% to 22,552.24 midday, with plantations (Watawala, Sunshine, Namunukula among others) leading gains while John Keells, Sampath and Commercial Bank weighed on the index. Market turnover was Rs2bn; Abans Finance completed a debenture issue to raise Rs1.33bn.
Colombo Stock Exchange closed up, ASPI +0.07% to 22,635, with diversified financials leading turnover (Rs 1.98bn) helped by the debut of Janashakthi; total market turnover was Rs 4.19bn.
Colombo Stock Exchange closed up; the All Share index rose 0.60% to 22,261.48 with turnover of Rs3.05 billion. Ceylinco Holdings, Melstacorp and Hatton National Bank were top positive contributors while DFCC Bank and Sunshine Holdings were top negatives.
Sunshine Holdings PLC appointed Prasad Gopalan as an Independent Non-Executive Director. Gopalan is a former IFC Global Sector Manager for Agribusiness and Forestry who managed a $1.5-2.0bn annual investment programme and currently sits on the board of Sunshine Healthcare Lanka, a Sunshine subsidiary.
Sunshine Holdings completed the acquisition of a 75% stake in Joint Agri Products Ceylon Ltd for Rs. 2.6988752284 billion (≈Rs. 2.7 b). The target processes and exports spices, coconut products and tea, and the deal bolsters Sunshine's consumer/export portfolio and presence in export markets.
Gulf escalation and shipping disruptions have hit Sri Lanka's tourism, tea and apparel sectors, pulling the bourse down 12.7% through March 20; plantation and apparel stocks plunged (Namunukula -30.6%, Agalawatte -22%, Teejay Lanka -20.6%) while Sunshine benefits from higher palm oil prices.
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