EquityLK

Ceylon Beverage Holdings PLC

BREW.N0000Moderately undervalued

Consumer & Retail · Beverages: Alcoholic

Ceylon Beverage Holdings PLC (CBH) is a Sri Lanka-based beverage group that owns and operates Lion Brewery (Ceylon) PLC, which brews, packages, distributes and sells a wide range of beers under the Lion brand and internationally recognised brands through partnerships.

BREW shares are down 10.3% over the past year and last closed at Rs 2,512.75 on Sep 30, 2026.

Rs 2,512.75
+0.00%
Price history
-10.26%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026-1.1+4.9-1.0-1.7+11.2+1.7-0.4-5.9-5.8+0.0+0.0+0.0
2025-4.8-9.2-2.8+1.0-1.5+3.5+3.0+0.5+0.0-6.8-3.9+4.8
2024-3.6-3.8+22.8+4.2+0.0+18.7+0.0-1.3-4.0+20.9-1.2+45.3
2023+5.3-4.9+21.0-1.4+0.0+0.0+6.0-14.1+31.2+1.4-14.0+12.2
2022-0.2-10.1-4.6+0.0+0.0+0.0+0.0+0.0-4.8+13.7+4.4+0.0
2021+1.3-7.1+6.9+0.7-1.4-3.0+18.0-11.3-2.7+9.2-10.1+9.8
2020+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.1+6.4-6.2+2.0+0.7
2019+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+0.0+15.8+0.0
2018+0.0+0.3-9.5+8.7+1.6-0.1+0.7+0.0+0.0+0.7+0.0+0.0
2017+0.0+0.0+0.0+0.0-7.0+0.0-8.3+8.8+0.0+0.0+12.2+0.0
2016+0.0-18.8-9.2+0.0+0.0+0.0-0.2-7.7+8.0-7.6+0.2+4.2
2015+6.9+16.1+0.0+0.0+0.0+0.2-7.2+4.0+3.4-4.7+0.0+0.0
2014-3.8+0.0+0.0+3.0-2.7+7.8+29.6+14.3-9.4-1.4+0.7+0.7
2013+18.8-1.2+1.2+1.1+24.4-15.7+8.7-3.5-5.3+5.8+0.0+0.0
2012+0.0+0.0+0.0+14.0-35.2+1.9+5.5+15.1+12.5+11.2+12.4-11.1
Average+1.9-3.1+2.5+3.3-1.2+1.4+4.6-0.1+2.5+3.0+1.7+6.7
ASPI average+3.1-2.7-4.7+2.0+0.2+0.8+3.1+2.2+3.2-0.1+1.0+3.0
Median-0.1-3.8-0.5+1.1-1.4+0.2+1.9-0.6-1.3+1.0+0.7+2.5
% up40%27%40%78%44%55%58%50%50%58%64%70%
P/E
8.6
P/B
2.17
EPS
Rs 290.58
Div Yield
2.69%
Market Cap
Rs 52.7B
Beta
0.10
ROE
25.2%
Op Margin
12.9% (-0.8pp)

Fundamentals

LineFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue
Rs 135.3B
+8.1%
Rs 125.2B
+11.8%
Rs 111.9B
+15.5%
Rs 96.9B
+61.0%
Rs 60.2B
+17.7%
Rs 51.2B
+4.0%
Rs 49.2B
+11.3%
Rs 44.2B
+36.6%
Operating profit
Rs 19.5B
+17.3%
Rs 16.6B
+6.0%
Rs 15.7B
+16.3%
Rs 13.5B
+135.7%
Rs 5.7B
+17.2%
Rs 4.9B
-6.9%
Rs 5.2B
-16.9%
Rs 6.3B
+73.5%
Net profit
Rs 11.2B
+16.0%
Rs 9.7B
+21.1%
Rs 8.0B
+18.2%
Rs 6.7B
+76.5%
Rs 3.8B
+57.0%
Rs 2.4B
-13.6%
Rs 2.8B
-8.1%
Rs 3.1B
+86.8%
EPS
279.19
+14.5%
243.82
+29.1%
188.82
+16.3%
162.36
+64.6%
98.64
+65.0%
59.77
-14.9%
70.21
-3.5%
72.75
+100.2%

Compared with the same period a year earlier.

Per-share figures are as reported, not adjusted for splits.

Recent dividends

  • 2027 · first interimRs 67.50
  • 2026 · first interimRs 23.85
  • 2025 · second interimRs 29.20
  • 2025 · first interimRs 21.15
  • 2024 · second interimRs 52.40
  • 2024 · first interimRs 28.84
  • 2023 · second interimRs 23.00
  • 2023 · first interimRs 29.75
Peer comparison3 peers in Consumer & Retail
Sector overview Open in screener
1Ceylon Tobacco Company Plc
CTC.N0000
Rs 1,788.00
P/E
11.4
P/B
30.98
ROE
272.71%
Yield
8.81%
2Distilleries Company of Sri Lanka Plc
DIST.N0000
Rs 52.80
P/E
14.2
P/B
10.66
ROE
90.67%
Yield
5.68%
3Lion Brewery (Ceylon) Plc
LION.N0000 · same group, not in the median
Rs 1,858.75
P/E
13.3
P/B
3.40
ROE
26.25%
Yield
2.15%
4Ceylon Beverage Holdings PLC
BREW.N0000 · this company
Rs 2,512.75
P/E
8.6
P/B
2.17
ROE
25.15%
Yield
2.69%
Sector median · 35 companies
P/E 13.3P/B 1.66Yield 1.72%

About Ceylon Beverage Holdings PLC

Ceylon Beverage Holdings PLC (CBH) is a Sri Lanka-based beverage group that owns and operates Lion Brewery (Ceylon) PLC, which brews, packages, distributes and sells a wide range of beers under the Lion brand and internationally recognised brands through partnerships. Lion Brewery caters to both local and export markets and is described in the report as Sri Lanka’s largest exporter of alcoholic beverages. The Group also imports and distributes spirits and wines through its Luxury Brands (Private) Limited unit, and operates a franchised pub chain and related retail operations under Pubs ’N Places (Private) Limited – Machang – and Retail Space (Private) Limited, providing on-premise brand experiences and retail presence. The Group highlights the Innovation Brewery as a facility for product development and new beer variants. CBH’s operations focus on premiumisation, portfolio expansion and international growth, with targeted export efforts in Africa, the Middle East and South Asia, and sustainability initiatives such as a wastewater methane recovery facility at the brewery.

AI analysis

bullish

Evidence points bullish: June profit rose 19.4% and net margin was the best June in seven. The catch is that 47.7% of group profit belongs to minority interests.

Read the full report (Sep 24, 2026) →

News sentiment

Describes news flow, not a forecast
Last 30 days
Negative news flow

6 articles in 30 days: 0 positive, 6 negative, 0 neutral.

24 months positive negative 3-month net
Nov 24: 1 articles, net +1.00Dec 24: 3 articles, net +0.09Feb 25: 2 articles, net -0.33May 25: 1 articles, net +1.00Jul 25: 1 articles, net -1.00Dec 25: 1 articles, net -1.00Jun 26: 3 articles, net +0.43Jul 26: 2 articles, net +1.00Aug 26: 2 articles, net -1.00Sep 26: 6 articles, net -1.00Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
Daily FT·Sep 22, 2026·Market commentaryNegative
CSE starts week in red, falls to six-month low

The Colombo bourse fell to a near six-month low as the ASPI dropped 0.37% to 20,979.18 and the S&P SL20 fell 0.33% to 5,909.45. Market turnover was over Rs.750m, foreign investors were net buyers of Rs.19.1m, and top ASPI decliners included BREW, MELS, CTHR, CINS and HNB.

Daily FT·Sep 18, 2026·Market commentaryNegative
CSE slides to 23-week low

The ASPI fell 0.52% (109.98 pts) to 21,023.43, hitting a 23-week low as selling driven by concerns over rising interest rates and sustained crude above $100 pressured the market. Top drags included Melstacorp, Dialog, Hayleys, Ceylon Beverage and RIL while foreigners were net sellers of ~Rs.213m; turnover ~Rs.1.3bn.

Fuel & Energy PricesInterest Rates
Daily FT·Sep 11, 2026·Market commentaryNegative
CSE extends losses over geopolitical concerns

Colombo market slipped as the ASPI closed down 0.50% (108.26 pts) at 21,357.74 and the S&P SL20 fell 0.50% to 6,003.92 amid concern over Middle East tensions and rising oil prices. Top negative contributors were MELS.N0000, BREW.N0000, DIAL.N0000, CARS.N0000 and CARG.N0000; turnover was over Rs.1.45bn.

Fuel & Energy Prices
Daily FT·Sep 9, 2026·Market commentaryNegative
CSE ends down 0.38% on heightened selling pressure

CSE closed down 0.38% (ASPI −81.43 pts to 21,542.23) as heightened selling amid Middle East tensions and rising global oil prices weighed on sentiment; turnover topped Rs.1.4bn and foreigners were net buyers of Rs.13.6m. Top negatives were CINS, BREW, CARS, SAMP and JKH; insurance led turnover (23%).

Fuel & Energy Prices
Daily FT·Sep 8, 2026·Market commentaryNegative
CSE opens week in green amidst volatility

The Colombo bourse opened marginally higher as the ASPI rose 0.01% to 21,623.66 and the S&P SL20 gained 0.13% to 6,066.55; turnover was over Rs.2.1bn and foreigners were net sellers of Rs.18.5m. Top positive contributors: HAYL, ACL, SLTL, HNB, DIAL; negatives: BREW, CARS, HAYC, JKH, CCS.

Daily FT·Sep 4, 2026·Market commentaryNegative
CSE ends 0.33% on the up, rebounds on easing T-Bill yields

The Colombo ASPI rose 0.33% (69.47 pts) to 21,395.11 as investor sentiment improved after weekly T‑Bill yields fell; turnover was over Rs.2.4bn and foreign investors were net buyers of Rs.68.3mn. Top positive contributors included CINS, HAYC, RCL, DIPD and AEL, while JKH, BIL, BREW, HNB and CARS weighed on the index.

Interest Rates
Daily FT·Sep 3, 2026·Market commentaryNegative
CSE ends marginally up on muted sentiment

Colombo bourse edged up as the ASPI rose 0.03% to 21,325.64 on turnover of over Rs.1.2bn; banks led activity while geopolitical tensions and higher global oil prices weighed on sentiment and foreigners were net sellers of Rs.7.2m.

Fuel & Energy Prices
Daily FT·Sep 2, 2026·Market commentaryNegative
CSE begins month in red, down 0.1%

The Colombo market opened the month lower as the ASPI fell 0.1% to 21,318.31, with turnover above Rs.2.3bn and foreign net outflows of Rs.612.5m. Selling late in the session hit JKH, BREW, DFCC, DIAL and MELS, while CCS and Asia Siyaka rose.

Fuel & Energy Prices
Daily FT·Sep 1, 2026·Market commentaryNegative
CSE opens week 0.11% on the up

Colombo stock market rose 0.11% as the ASPI gained 22.78 points to 21,338.69 and the S&P SL20 climbed 0.07% to 6,009.68. Market turnover was over Rs.1.01bn on 50.6m shares, foreign investors were net buyers of Rs.18.6m; top positive contributors were BIL, CARS, WIND, JKH and DFCC, with negatives from BREW, VONE, MELS, HNB and SEMB.

Consumer & Retail sector: what is happening

Last 14 days to Sep 30, 2026

Consumer retail faced pressure from accelerating food, transport and housing inflation, with petrol a major contributor to the rise in national prices and purchasing power weakened by higher energy costs and tax hikes. Wholesale and retail activity nevertheless helped drive faster services-sector expansion in August. Specialist retail also consolidated as Blink International acquired Wrist Lab, combining retail, distribution and after-sales networks.

The stories behind it

Auto-generated from 8 sector news articles over 14 days. Not investment advice.