Japan's ambassador urged Sri Lanka to pivot toward Southeast Asia and Japan and adopt an export-oriented industrial model, calling for forward-looking trade and investment policy, stronger domestic industrial policy and expanded renewable energy investment; he cited the National Export Development Plan 2026 and a proposed Sri Lanka-Japan Economic Corridor.
Consumer & Retail · Food: Specialty/Candy
HVA Foods PLC is a Sri Lankan tea processor and exporter that develops, packs and supplies Ceylon tea products for both international and domestic markets.
HVA shares are up 16.2% over the past year and last closed at Rs 4.30 on Sep 30, 2026.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +25.7 | +15.9 | +37.3 | +5.7 | -20.3 | +1.7 | -15.0 | -2.0 | -12.0 | +0.0 | +0.0 | +0.0 |
| 2025 | +0.0 | -7.1 | -10.3 | +5.7 | +5.4 | -20.5 | +3.2 | +25.0 | -10.0 | +2.8 | +0.0 | -5.4 |
| 2024 | +0.0 | -13.2 | +12.1 | +16.2 | -9.3 | -5.1 | -2.7 | +0.3 | +0.0 | +0.0 | +6.3 | +23.5 |
| 2023 | +10.5 | -2.4 | +2.4 | -9.5 | -7.9 | +2.9 | +33.3 | -10.4 | -4.7 | -4.9 | -5.1 | +2.7 |
| 2022 | -3.0 | -7.7 | -22.6 | -20.5 | +0.0 | -14.3 | +20.0 | +33.3 | +8.3 | -13.5 | -8.9 | -7.3 |
| 2021 | -3.2 | -10.0 | -7.4 | +0.0 | +12.0 | +7.1 | +43.3 | -3.5 | -4.8 | +6.3 | -17.9 | -2.9 |
| 2020 | -7.7 | -22.2 | -35.7 | +0.0 | +0.0 | +13.8 | +27.3 | -9.5 | +52.6 | +0.0 | +13.8 | -6.1 |
| 2019 | +2.3 | -13.3 | -23.1 | +20.0 | -13.9 | +3.2 | +21.9 | -2.6 | -2.6 | +18.9 | -4.5 | -7.1 |
| 2018 | +9.7 | -1.5 | -4.5 | +3.1 | -4.5 | -19.0 | +2.0 | -3.8 | -12.0 | +9.1 | -6.3 | -2.2 |
| 2017 | -8.3 | -12.7 | -12.5 | +40.5 | +0.0 | -5.1 | +3.6 | -8.6 | +15.1 | +14.8 | -7.1 | -4.6 |
| 2016 | -16.2 | -16.1 | +3.8 | +40.7 | +13.2 | -17.4 | +5.6 | -2.7 | +0.0 | -12.3 | -9.4 | +3.4 |
| 2015 | +1.0 | -8.7 | -13.8 | +11.1 | -8.9 | -1.2 | +14.8 | -7.5 | +4.7 | -7.8 | -7.2 | -3.9 |
| 2014 | +6.1 | -8.6 | -2.1 | +1.1 | +0.0 | +0.0 | +2.1 | +23.7 | -0.8 | -5.9 | -10.7 | +2.0 |
| 2013 | +3.0 | -18.8 | +0.0 | +17.0 | +1.5 | -9.8 | -8.3 | -13.6 | +7.4 | +10.8 | -9.7 | -2.9 |
| 2012 | +0.0 | +0.0 | +0.0 | -19.3 | -25.6 | +40.0 | +4.8 | +6.1 | +21.4 | -18.2 | -19.4 | +19.6 |
| Average | +1.4 | -9.0 | -5.4 | +8.0 | -4.2 | -1.6 | +10.4 | +1.6 | +4.2 | +0.0 | -6.2 | +0.6 |
| 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 | +0.5 | -9.4 | -5.9 | +5.7 | -2.3 | -1.2 | +4.8 | -2.7 | +0.0 | +0.0 | -7.2 | -2.9 |
| % up | 50% | 7% | 29% | 71% | 29% | 40% | 80% | 33% | 40% | 43% | 14% | 36% |
Fundamentals
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | Rs 2.3B +23.9% | Rs 1.8B -0.4% | Rs 1.8B -21.7% | Rs 2.4B +86.6% | Rs 1.3B +8.3% | Rs 1.2B +36.9% | Rs 850.4M -22.5% | Rs 1.1B -11.8% |
| Operating profit | Rs 101.9M | Rs -19.0M | Rs -87.6M | Rs 80.2M | Rs -192.5M | Rs 164.6M | Rs -26.0M | Rs -302.5M |
| Net profit | Rs 7.1M turned profitable | Rs -139.9M loss narrowed | Rs -326.2M loss widened | Rs -45.6M loss narrowed | Rs -229.0M fell into loss | Rs 78.6M turned profitable | Rs -125.6M loss narrowed | Rs -367.0M fell into loss |
| EPS | 0.03 | -0.78 | -2.81 | -0.27 | -3.45 | 1.18 | -1.89 | -5.52 |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
No dividend records.
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | CTEA.N0000 | 1,454.25 | Rs 30.2B | 15.9 | 1.19 | 91.29 | 7.78% | 1.72% |
| 2 | HVA.N0000 · this company | 4.30 | Rs 1.1B | 143.3 | - | 0.03 | - | 0.00% |
| Sector median · 35 companies | - | - | 13.3 | 1.66 | - | - | 1.72% |
About HVA Foods PLC
HVA Foods PLC is a Sri Lankan tea processor and exporter that develops, packs and supplies Ceylon tea products for both international and domestic markets. The company's portfolio includes products sold under its Heladiv Tea brand as well as private-label packed teas for export, iced tea concentrates for local retail and tourism, and value-added tea formats such as tea bags and flavoured blends. Operations span bulk shipments and packaged tea products, supported by in-house Analysis and Development functions for quality, traceability and food-safety compliance; the company sources teas through the Colombo Tea Auction and works with certified estates where required. HVA Foods has expanded into adjacent product lines including herbal infusions (in partnership with a German herbal tea company) and a spices trading operation, while pursuing digitalisation, ESG improvements and customer consolidation across export markets including the Middle East, Europe and parts of Asia. The company maintains recognised certifications and standards for its supply chain and production processes, including Rainforest Alliance, various organic standards, ISO 22000:2018 and Halal, and focuses on private-label manufacturing, bespoke packaging solutions and selective bulk-supply relationships.
AI analysis
bearishHVA Foods returned to a LKR 33 million net loss as quarterly revenue fell 47.2% year-on-year. Negative equity and weak liquidity make the recovery fragile.
Read the full report (Aug 25, 2026) →News sentiment
Describes news flow, not a forecast2 articles in 30 days: 0 positive, 0 negative, 2 neutral.
HVA Ceylon founder Johann Harsha Fernando (HVA Foods PLC) has partnered with Celeste founder Janik Jayasuriya to jointly establish, operate and grow Celeste in the United States. Celeste is an on-demand online supermarket serving over 200,000 customers and completing more than three million orders.
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.
The Sri Lanka-Japan Business Council held its 47th AGM; Athulla Edirisinghe was re-elected President and officers from Hayleys Advantis, Spear International and Prudential Shipping were elected to the committee. Japan's Ambassador urged an export-oriented industrial policy and expanded renewable energy investment, noting Japan's 'Power Asia' $10bn financing initiative.
Colombo market extended its rebound as the ASPI rose 0.24% (49.81 pts) to 21,199.37 and the S&P SL20 gained 0.22% to 5,945.87, with turnover about Rs.1.1bn and foreigners net sellers of Rs.188.6m. Top contributors included HNB, CARS, CINS, NDB and TKYO; NDB, SAMP and PKME gained while MELS fell and JKH closed flat.
Colombo bourse closed lower with the ASPI down 0.21% to 22,695 as investor sentiment remained subdued after the CBSL rate hike; market turnover was over Rs. 1.7 billion.
ASPI rose 258.09 points (+1.13%) on 7 Jul as CSE turnover reached ~Rs.5.28 B; Industrial Asphalt jumped 40%, SMB Finance gained (non‑voting +33.33%, voting +25%), while Palm Garden Hotels fell 7.08% and foreign net outflow was Rs.22.32 M.
Colombo market closed in the green for a fourth straight session as the ASPI rose 0.07% to 22,635 and the S&P SL20 gained 0.18% to 6,241.01; turnover was about Rs.4.2bn and foreign investors were net sellers of Rs.332.5m. CINS, BREW and JKH were among top contributors while diversified financials and banks led turnover.
ASPI fell 0.45% to 21,032.46 as foreign net outflows reached Rs.1.099bn over two days (Rs.294m yesterday, Rs.805m prior). Banking led turnover (49%); key negatives included NDB, Ceylinco (CINS), Melstacorp and JKH, while Galle Face Capital (WAPO) gained.
Colombo bourse opened mixed: ASPI rose 0.04% to 21,126.60 while the S&P SL20 fell 0.24%; market turnover exceeded Rs. 3bn and foreign investors were net sellers of Rs. 804.7m. Food & beverage and capital goods led turnover with heavy crossings in Melstacorp.
Consumer & Retail sector: what is happening
Last 14 days to Sep 30, 2026Consumer 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.