Colombo Stock Exchange closed flat as the ASPI slipped 0.02% to 20,812.93 with market turnover at Rs1.55bn; the S&P SL20 rose 0.27% to 5,912.50. Top gainers included Lion Brewery, LOLC Finance, Hemas Holdings and SMB Finance, while Dialog Axiata, Commercial Bank, Carson Cumberbatch and Bukit Darah were top losers.
Consumer & Retail · Beverages: Alcoholic
Lion Brewery PLC is a Sri Lankan brewery primarily engaged in brewing, packaging, distribution and sales of a range of beers under the flagship "Lion" brand, and markets internationally recognised brands through licensing partnerships.
LION shares are up 26.4% over the past year and last closed at Rs 1,858.75 on Sep 30, 2026.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.4 | +5.1 | -7.1 | +1.3 | +4.4 | -4.8 | +1.1 | +2.3 | +0.0 | +0.0 | +0.0 | +0.0 |
| 2025 | +4.8 | +3.0 | -0.7 | -2.4 | +4.8 | +11.6 | -3.4 | +1.6 | +2.7 | +15.8 | +1.9 | -1.8 |
| 2024 | +2.7 | +0.5 | +3.4 | +22.1 | -5.0 | -4.3 | -3.8 | -4.8 | +1.5 | +7.9 | +0.4 | +7.8 |
| 2023 | -1.8 | +18.2 | +9.8 | -1.3 | -1.4 | -0.7 | +1.4 | +7.1 | +20.0 | +3.3 | -5.9 | +5.1 |
| 2022 | +1.9 | -0.9 | -7.8 | -8.6 | +8.9 | +4.0 | -1.9 | +5.2 | -1.2 | -2.8 | +2.9 | +5.7 |
| 2021 | +2.1 | -7.1 | +2.5 | +3.7 | -3.2 | +0.3 | -1.0 | -3.4 | +2.2 | +4.4 | -5.9 | -1.8 |
| 2020 | +0.0 | -3.8 | -13.3 | +0.0 | +0.0 | +20.3 | -1.6 | -1.7 | -2.6 | -1.9 | -1.6 | +7.3 |
| 2019 | +4.4 | -4.7 | -1.2 | +5.9 | -6.5 | +0.0 | +1.8 | +6.6 | +0.5 | +1.7 | +4.9 | -2.5 |
| 2018 | +1.9 | +0.3 | -4.8 | +3.8 | +5.5 | -8.7 | +18.1 | +4.0 | -1.6 | -5.5 | -7.5 | +1.8 |
| 2017 | -12.7 | +5.9 | +6.3 | +2.8 | -8.5 | +0.0 | +2.3 | -4.5 | +13.1 | +14.8 | +0.9 | -1.8 |
| 2016 | +0.0 | -5.7 | -10.0 | +2.2 | -13.0 | -5.5 | +0.3 | +0.3 | +0.0 | +8.0 | +14.5 | -1.1 |
| 2015 | -8.3 | +4.1 | +0.0 | +1.2 | +2.0 | +3.6 | -6.1 | +3.2 | -4.3 | +0.8 | +0.8 | +0.0 |
| 2014 | +5.6 | +3.4 | -0.5 | +11.0 | -0.7 | +4.4 | +42.2 | -1.2 | +1.1 | -3.7 | +1.5 | +4.7 |
| 2013 | +14.9 | +3.8 | +3.4 | +11.1 | +13.5 | -5.9 | -8.9 | -1.9 | +2.8 | +0.6 | -1.4 | +0.0 |
| 2012 | +0.0 | +0.0 | +0.0 | +10.2 | -4.5 | -0.2 | +2.4 | +9.6 | +3.4 | +4.9 | +0.8 | +5.1 |
| Average | +1.6 | +1.6 | -1.4 | +4.5 | -0.3 | +0.9 | +2.9 | +1.5 | +2.5 | +3.4 | +0.4 | +2.2 |
| 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 | +2.1 | +1.8 | -0.6 | +3.3 | -1.1 | +0.0 | +0.3 | +1.6 | +1.1 | +2.5 | +0.8 | +1.8 |
| % up | 69% | 64% | 36% | 79% | 43% | 40% | 53% | 60% | 60% | 71% | 64% | 54% |
Fundamentals
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | Rs 132.4B +7.3% | Rs 123.4B +12.5% | Rs 109.8B +15.6% | Rs 95.0B +62.1% | Rs 58.6B +17.5% | Rs 49.8B +4.2% | Rs 47.8B +11.7% | Rs 42.8B +40.4% |
| Operating profit | Rs 18.9B +16.8% | Rs 16.2B +5.3% | Rs 15.4B +17.6% | Rs 13.1B +147.9% | Rs 5.3B +12.1% | Rs 4.7B -4.1% | Rs 4.9B -21.5% | Rs 6.2B +72.1% |
| Net profit | Rs 11.2B +17.7% | Rs 9.5B +13.2% | Rs 8.4B +20.2% | Rs 7.0B +90.6% | Rs 3.7B +48.4% | Rs 2.5B -12.1% | Rs 2.8B -12.7% | Rs 3.2B +75.3% |
| EPS | 139.93 +17.7% | 118.86 +13.2% | 105.04 +20.2% | 87.40 +90.6% | 45.85 +48.4% | 30.89 -12.1% | 35.15 -12.7% | 40.26 +75.3% |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
- 2026 · second interimRs 22.90
- 2026 · first interimRs 17.00
- 2025 · second interimRs 28.70
- 2025 · first interimRs 17.30
- 2024 · second interimRs 12.50
- 2024 · first interimRs 31.00
- 2023 · second interimRs 28.30
- 2023 · first interimRs 13.60
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | CTC.N0000 | 1,788.00 | Rs 334.9B | 11.4 | 30.98 | 157.40 | 272.71% | 8.81% |
| 2 | DIST.N0000 | 52.80 | Rs 242.9B | 14.2 | 10.66 | 3.71 | 90.67% | 5.68% |
| 3 | LION.N0000 · this company | 1,858.75 | Rs 148.7B | 13.3 | 3.40 | 139.93 | 26.25% | 2.15% |
| 4 | BREW.N0000 · same group, not in the median | 2,512.75 | Rs 52.7B | 8.6 | 2.17 | 290.58 | 25.15% | 2.69% |
| Sector median · 35 companies | - | - | 13.3 | 1.66 | - | - | 1.72% |
About Lion Brewery (Ceylon) Plc
Lion Brewery PLC is a Sri Lankan brewery primarily engaged in brewing, packaging, distribution and sales of a range of beers under the flagship "Lion" brand, and markets internationally recognised brands through licensing partnerships. The Company serves both the domestic market and export markets and is described in its report as Sri Lanka’s largest exporter of alcoholic beverages. Its operations include mainstream production at its main facilities and a recently commissioned Innovation Brewery used to develop new variants and product innovations. The Company also exports products to selected international markets and distributes licensed brands, including exports of Carlsberg products under a licensing agreement. Lion positions its business across local and international channels, focusing on brand segmentation, product premiumisation, export growth (with priority geographies in Africa, the Middle East and South Asia), operational efficiency and sustainability initiatives.
AI analysis
bullishLion Brewery's June-quarter net profit grew 17.5% year-on-year, but operating margin narrowed to 13.0%, leaving strong earnings growth partly dependent on below-operating-line movements.
Read the full report (Aug 17, 2026) →News sentiment
Describes news flow, not a forecast1 article in 30 days: 1 positive, 0 negative, 0 neutral.
Colombo Stock Exchange closed lower as the ASPI fell 0.60% (125.97 points) to 20,817.82 and the S&P SL20 dipped 0.20% to 5,908.66 amid subdued sentiment; market turnover was Rs 1.01bn. Top gainers included Lion Brewery, Carson Cumberbatch and Ambeon; losers included Overseas Realty, Singer, Dialog and Commercial Bank.
Colombo Stock Exchange closed lower as the ASPI fell 0.14% to 21,037.35 on subdued trading with turnover 814.88 million rupees, led by the banking and diversified financials sectors. Separately WindForce said six of its project companies won bids to develop 28 MW and 144 MWh of BESS requiring ~944 million rupees equity.
Colombo Stock Exchange closed marginally down with the ASPI slipping 0.09% to 21,066.89 on turnover of Rs1.31bn. Institutional crossings supported positions in PickMe, Access Engineering, Dipped Products and Sampath Bank, while Harischandra Mills appointed a new chair effective Sep 23, 2026.
Colombo Stock Exchange closed marginally down, the ASPI fell 0.09% to 21,066.89 with market turnover at Rs1.31 billion. Institutional crossings were seen in PickMe, Access Engineering, Dipped Products and Sampath Bank; notable contributors included Carson Cumberbatch, Commercial Bank, Hayleys and Lion Brewery, and Harischandra Mills appointed a new chairperson.
Sri Lanka's ASPI closed up 0.15% at 21,085.15 as positive sentiment followed a rating hike; turnover was Rs 1.32bn. Top contributors included Commercial Bank, Dialog Axiata, HNB and Hemas, while Carson Cumberbatch, Hayleys and Lion Brewery were among laggards; trades noted in Maharaja Foods, DIMO, Dipped Products and Browns Investments.
Colombo Stock Exchange closed lower, with the ASPI down 0.24% (51.79 pts) at 21,262.13 on Rs2.23 billion turnover. SMB Finance, Watawala, Sampath Bank and Lion Brewery were top positive contributors while Dialog, Melstacorp and Commercial Bank led declines; a mandatory offer for Industrial Asphalts fell through after the SEC refused a share transfer due to the company being on the CSE watchlist.
Lion Brewery reported a profit of Rs2.81bn for the quarter ended 30 June 2026, up 18% year-on-year. Quarterly revenue rose 15% to Rs33.41bn, operating profit was Rs4.34bn, net finance income turned to Rs531.14m, and the group paid a second interim dividend of Rs1.83bn.
Fitch affirmed Lion Brewery (Ceylon) PLC's National Long-Term Rating at 'AAA (lka)' with a Stable Outlook and then withdrew the rating for commercial reasons, saying it will no longer provide analytical coverage. Fitch cited Lion's strong domestic market position (90%+ FY26 revenue), stable finances and net cash position, and noted its stronger profile versus parent Carson Cumberbatch.
The Exporters Association of Sri Lanka elected Nalaka Ratnayake as Chairperson at its 29th AGM; the new Executive Committee includes representatives from CIC Holdings, Hayleys, Dipped Products, Hatton National Bank, Sampath Bank and Lion Brewery. Speakers urged faster trade digitalisation, lower export costs and improved logistics to boost competitiveness.
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.