Sri Lanka's plantation sector is mobilising climate-resilience measures during an El Niño-linked dry spell as the government sets aside Rs.4.8 billion for relief and raises daily water allocations to 15 litres. Estate firms such as Udapussellawa, Browns (Browns Investments), Kelani Valley and Horana are adopting water-conservation, agroforestry, drought-tolerant practices and solar installations.
Plantations & Agriculture · Agricultural Commodities/Milling
Udapussellawa Plantations PLC cultivates, processes and sells tea, rubber, coconut and other minor plantation crops, with tea comprising the company’s primary product and main source of sales.
UDPL shares are down 20.6% over the past year and last closed at Rs 140.00 on Sep 29, 2026.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.1 | -4.8 | -7.9 | +9.8 | +3.2 | -5.6 | -8.7 | +5.7 | -5.2 | +0.0 | +0.0 | +0.0 |
| 2025 | +25.2 | -9.6 | -3.0 | +7.4 | -7.2 | -2.3 | +8.2 | +11.1 | +25.1 | -4.3 | -0.7 | -4.9 |
| 2024 | -2.7 | +19.3 | -5.5 | -0.7 | +2.1 | +4.7 | -0.9 | -1.9 | -2.4 | +45.3 | +6.5 | +2.2 |
| 2023 | -8.0 | +4.3 | -17.9 | -7.3 | -5.1 | +2.0 | +35.3 | -12.4 | -0.6 | -16.8 | +3.5 | -5.6 |
| 2022 | -18.3 | -19.2 | -21.5 | +0.0 | +0.0 | +2.7 | +84.4 | +84.8 | +44.6 | -15.0 | -29.4 | -1.2 |
| 2021 | -15.4 | -15.6 | -7.5 | -5.2 | +0.0 | +10.0 | +4.1 | +10.5 | -7.5 | +23.5 | -10.0 | +133.1 |
| 2020 | -9.1 | -6.7 | -19.6 | +0.0 | +0.0 | +3.9 | -1.7 | +13.6 | +21.3 | -4.9 | +3.6 | +0.0 |
| 2019 | -4.3 | +1.0 | -6.9 | +7.4 | -20.7 | -13.0 | +23.5 | +4.5 | +0.8 | +8.1 | -3.9 | -2.2 |
| 2018 | -1.6 | -0.7 | -3.6 | +2.5 | -19.3 | -10.6 | +0.7 | -2.7 | +6.9 | +12.9 | -8.9 | -6.0 |
| 2017 | +0.5 | +2.7 | -4.2 | +10.3 | +38.4 | -32.4 | +80.5 | +4.4 | +19.6 | +23.8 | -28.3 | +11.8 |
| 2016 | -3.6 | -11.5 | -16.3 | +20.0 | -16.2 | -3.0 | +1.5 | -11.1 | +8.0 | +3.7 | -5.6 | +0.0 |
| 2015 | -7.8 | +6.8 | -6.7 | -10.7 | -2.5 | -4.7 | -2.0 | -12.8 | +2.7 | -1.9 | +2.7 | +4.9 |
| 2014 | -0.4 | -10.2 | -5.2 | +11.9 | -1.2 | -3.3 | +1.3 | +35.6 | +0.6 | +58.1 | -28.1 | +8.2 |
| 2013 | -1.4 | -16.4 | +4.2 | +8.0 | +1.5 | +16.4 | -15.0 | -6.6 | +6.7 | +3.7 | -17.9 | +11.7 |
| 2012 | +0.0 | +0.0 | +0.0 | +12.1 | -44.3 | +18.2 | -5.5 | +14.2 | +33.6 | +6.9 | -9.0 | +3.2 |
| Average | -3.6 | -4.3 | -8.7 | +5.0 | -5.5 | -1.1 | +13.7 | +9.1 | +10.3 | +10.2 | -9.0 | +11.1 |
| 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 | -3.8 | -5.7 | -6.8 | +7.4 | -2.5 | -2.3 | +1.3 | +4.5 | +6.7 | +5.3 | -7.2 | +1.1 |
| % up | 14% | 36% | 7% | 69% | 31% | 47% | 60% | 60% | 73% | 64% | 29% | 50% |
Fundamentals
| Line | FY2026 |
|---|---|
| Revenue | Rs 5.9B |
| Operating profit | Rs 529.3M |
| Net profit | Rs 1.2B |
| EPS | 60.41 |
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 | KOTA.N0000 | 8.10 | Rs 3.4B | 9.0 | 1.00 | 0.90 | 10.03% | 0.00% |
| 2 | MASK.N0000 | 60.00 | Rs 3.2B | 5.1 | 1.04 | 11.83 | 20.42% | 6.67% |
| 3 | KGAL.N0000 | 127.50 | Rs 3.2B | 30.7 | 0.61 | 4.15 | 2.00% | 2.35% |
| 4 | BALA.N0000 | 58.40 | Rs 2.8B | 7.3 | 0.60 | 8.00 | 8.17% | 0.86% |
| 5 | UDPL.N0000 · this company | 140.00 | Rs 2.7B | 4.0 | 0.51 | 34.75 | 12.39% | 0.00% |
| 6 | HAPU.N0000 | 54.60 | Rs 2.5B | 14.6 | 0.59 | 3.73 | 4.06% | 0.00% |
| 7 | MADU.N0000 | 9.00 | Rs 1.5B | - | 2.42 | -0.61 | 8.02% | 0.00% |
| 8 | KAHA.N0000 | 15.00 | Rs 1.5B | - | 1.43 | -0.75 | -6.78% | 0.00% |
| Peer median · 8 companies | - | - | 9.3 | 1.02 | - | - | 0.43% |
About Udapussellawa Plantations PLC
Udapussellawa Plantations PLC cultivates, processes and sells tea, rubber, coconut and other minor plantation crops, with tea comprising the company’s primary product and main source of sales. The company operates estate and factory operations in Sri Lanka and sells produce to domestic and export markets. UPL’s tea operations are conducted across multiple high-grown estates and factories; named estates include Blairlomond, Delmar, Gordon, Waldemar, Concordia, Courtlodge, Park, Duckwari and Madulkelle. In addition to estate-grown leaf, the company purchases a smaller proportion of bought leaf for processing and sale through its tea factories. The company also manages rubber and coconut cultivation and processing as ancillary crop segments and pursues mechanisation, quality‑enhancement investments (for example plucking machines and a tea colour sorter), renewable energy projects and internationally recognised sustainability certifications such as Rainforest Alliance and ISO. Community welfare and estate worker programmes form part of its operational focus.
AI analysis
bullishEvidence points to a positive value case because each rupee of net assets costs 50 cents and the business is net-cash funded. The catch is that June-quarter profit was LKR 171 million.
Read the full report (Sep 24, 2026) →News sentiment
Describes news flow, not a forecast1 article in 30 days: 1 positive, 0 negative, 0 neutral.
Hapugastenne Plantations PLC (HAPU.N0000) and Udapussellawa Plantations PLC (UDPL.N0000) have appointed Kanthimany Sivanesan as an Independent Non-Executive Director. Sivanesan is a senior tax practitioner (Senior Partner & Head of Tax at Amerasekera & Co.) and already serves on boards including LOLC Holdings, Browns Investments and Agstar.
Browns Plantations has commissioned an expanded orthodox tea facility at Kitumbe, Kenya with 3 million kg annual capacity and aims for 25 million kg in East Africa within 18 months. The move targets higher‑value orthodox exports and expands the company's specialty tea footprint.
Colombo market opened higher as the ASPI rose 0.26% (50 points) to close at 19,518, with turnover around Rs. 6.16 billion. Foreign investors were net buyers (Rs. 30.2m) and gains were led by Royal Ceramics, Melstacorp, Hemas, L B Finance and C T Holdings, with Capital Goods, Banking and Diversified Financials driving turnover.
Brown & Company PLC reported FY25 consolidated revenue of Rs. 107.82 billion and PBT of Rs. 25.88 billion, with total assets of Rs. 752.69 billion. The Group completed major East Africa Lipton plantation acquisitions, took controlling stakes in Sierra Cables and Tea Smallholder Factories, and saw strong results across its plantations and hospitality units.
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.