Durga Infra raised its stake in Hatton Plantations to 12.5% by buying 10,245,384 shares at Rs.25.60 each (≈Rs.262.3m) on May 6, increasing its holding to 29.58m shares of 236.67m issued.
Plantations & Agriculture · Agricultural Commodities/Milling
Hatton Plantations PLC is a Sri Lanka-based tea producer engaged in the cultivation, manufacture and sale of orthodox and CTC pure Ceylon tea for domestic and international markets.
HPL shares are down 27.0% over the past year and last closed at Rs 23.50 on Sep 30, 2026.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.8 | -8.4 | -8.0 | +12.2 | -1.9 | +2.8 | -3.5 | -0.4 | -4.8 | +0.0 | +0.0 | +0.0 |
| 2025 | +6.7 | -11.9 | -0.7 | +2.9 | -0.3 | -1.4 | +4.2 | -1.4 | +10.0 | -4.4 | -9.8 | -6.5 |
| 2024 | +0.0 | -11.1 | +2.7 | -3.4 | -1.2 | -2.8 | -6.1 | +0.0 | +11.7 | +8.2 | +0.7 | +7.1 |
| 2023 | +3.7 | -1.2 | -24.8 | +9.7 | -2.5 | +13.6 | +27.1 | -7.3 | +9.4 | -0.3 | -1.4 | +1.4 |
| 2022 | -6.3 | -16.9 | -13.3 | +16.5 | +32.3 | -13.7 | +99.1 | +69.3 | -0.5 | -15.0 | -14.0 | -13.4 |
| 2021 | +5.1 | -13.5 | -5.6 | +2.4 | +14.9 | -5.0 | +7.4 | -8.8 | +5.4 | +9.2 | -3.7 | +22.3 |
| 2020 | -12.9 | -3.3 | -28.8 | +0.0 | +0.0 | +3.3 | +6.5 | +19.7 | +17.7 | -1.1 | +1.1 | +6.5 |
| 2019 | +1.4 | -2.8 | -8.7 | +0.0 | +23.8 | +1.3 | -2.5 | -1.3 | -7.9 | +1.4 | +8.5 | -9.1 |
| 2018 | +0.0 | +0.0 | +6.8 | +6.3 | -6.0 | -5.1 | +4.0 | -9.0 | +0.0 | -1.4 | -5.7 | +6.1 |
| Average | +0.4 | -8.6 | -8.9 | +5.8 | +7.4 | -0.8 | +15.1 | +6.8 | +4.6 | -0.4 | -3.0 | +1.8 |
| 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 | +2.6 | -9.7 | -8.0 | +4.6 | -0.8 | -1.4 | +4.2 | -1.3 | +5.4 | -0.7 | -2.6 | +3.7 |
| % up | 63% | 0% | 22% | 75% | 38% | 44% | 67% | 22% | 56% | 38% | 38% | 63% |
Fundamentals
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | Rs 8.1B +5.2% | Rs 7.7B -0.2% | Rs 7.7B +0.2% | Rs 7.7B +42.9% | Rs 5.4B |
| Operating profit | Rs 1.0B -1.2% | Rs 1.1B -9.3% | Rs 1.2B -44.1% | Rs 2.1B +359.7% | Rs 454.6M |
| Net profit | Rs 726.2M +1.0% | Rs 718.9M -19.7% | Rs 894.6M -46.4% | Rs 1.7B +213.4% | Rs 532.8M |
| EPS | 3.06 +1.0% | 3.03 -19.8% | 3.78 -46.4% | 7.05 +213.3% | 2.25 |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
- 2026 · second interimRs 1.00
- 2026 · first interimRs 1.00
- 2025 · first interimRs 1.00
- 2024 · second interimRs 2.00
- 2024 · first interimRs 1.00
- 2023 · second interimRs 0.50
- 2023 · first interimRs 1.00
- 2022 · first interimRs 0.50
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | WATA.N0000 | 46.40 | Rs 47.2B | 19.3 | 15.76 | 2.41 | 81.75% | 5.39% |
| 2 | NAMU.N0000 | 66.10 | Rs 15.7B | 8.4 | 1.27 | 7.91 | 15.44% | 3.03% |
| 3 | ELPL.N0000 | 175.00 | Rs 12.8B | 7.3 | 1.18 | 23.92 | 16.11% | 4.00% |
| 4 | MAL.N0000 | 57.00 | Rs 12.2B | 36.3 | 1.85 | 1.57 | 4.91% | 0.21% |
| 5 | AGAL.N0000 | 50.10 | Rs 7.8B | 9.5 | 1.40 | 5.30 | 14.80% | 1.50% |
| 6 | AGPL.N0000 | 13.50 | Rs 6.8B | 21.8 | 1.61 | 0.62 | 7.58% | 3.70% |
| 7 | TPL.N0000 | 141.00 | Rs 6.7B | 6.9 | 0.87 | 20.38 | 12.50% | 6.60% |
| 8 | BOPL.N0000 | 69.90 | Rs 5.9B | 10.3 | 1.22 | 6.78 | 13.24% | 8.58% |
| 9 | HPL.N0000 · this company | 23.50 | Rs 5.6B | 7.4 | 1.02 | 3.18 | 13.90% | 4.26% |
| Peer median · 9 companies | - | - | 9.5 | 1.27 | - | - | 4.00% |
About Hatton Plantations PLC
Hatton Plantations PLC is a Sri Lanka-based tea producer engaged in the cultivation, manufacture and sale of orthodox and CTC pure Ceylon tea for domestic and international markets. The Company operates planted tea estates, ISO/HACCP certified factories and associated infrastructure to process green leaf into finished teas, selling the majority of its produce through brokers at the Colombo Tea Auction. Its operations encompass estate agriculture, bought‑leaf procurement from local smallholders, factory processing and marketing under its distinct garden selling marks, and managed commercial forestry on land unsuited for tea. HPL’s estates and factories hold multiple industry certifications including Rainforest Alliance, Ethical Tea Partnership, Fair Trade and ISO 22000, and the Company sources bought‑leaf locally from over 100 suppliers within a 30 km radius of its factories. During the period covered by the supplied report, Lotus Renewable Energy (Private) Limited acquired the controlling stake in HPL; LREG is described in the report as a multinational renewable energy company with operations across India, Singapore and Australia and experience managing plantation estates in Sri Lanka.
AI analysis
neutralHatton Plantations grew quarterly operating profit 46.8% year-on-year, but its latest margins remain among its weakest historical readings.
Read the full report (Aug 8, 2026) →News sentiment
Describes news flow, not a forecastNo scored news in the last 30 days.
Sri Lanka's ASPI closed up 0.29% (66.12 points) at 23,063 after a volatile session that briefly breached 23,000. Hayleys and Dialog were top positive contributors, and Hatton Plantations said Durga Infra bought 10,245,384 shares and now holds 12.5%.
Dividend · Rs 1.00 · XD Jan 23, 2026
Second Interim dividend of LKR 1/share; XD 2026-01-23; record 2026-01-25; payable 2026-02-12; FY 31st March 2026
Lotus Renewable sold 10,903,500 shares (4.61% of issued ordinary shares) in Hatton Plantations to Durga Infra for Rs. 297.7m (Rs. 27.30/share) on 21 Nov; the board was notified on 24 Nov 2025. Hatton closed at Rs. 28.10, down Rs. 0.40, and reported NAV Rs. 21.47/share at end-Sep 2025.
Hatton Plantations PLC said parent Lotus Renewable Energy sold 8.4m ordinary shares (3.56% of issued) to Durga Infra for Rs.247.9m (Rs.29.40/share). Lotus remains top shareholder (75.65% as of 30 June 2025) and HPL's NAV per share was Rs.21.64 on that date.
Plantations & Agriculture sector: what is happening
Last 14 days to Sep 30, 2026Heavy August rain and cloud cover cut High Grown tea output to a 34-year monthly low, pulling national production below a year earlier. Tea exports weakened as August merchandise tea exports fell, while eight-month shipments and US dollar earnings declined amid higher freight and insurance costs and a lower average FOB. Sector bodies also pressed for productivity, mechanisation and value addition.
The stories behind it
Auto-generated from 17 sector news articles over 14 days. Not investment advice.