JAT Holdings sustains growth momentum with 14% revenue increase and 16% PBT increase

JAT Holdings PLC, Sri Lanka's leader in wood coatings and a diversified conglomerate in the manufacturing sector, continued its strong performance into the second quarter of FY 2025/26, recording a 14% year on year (YoY) growth in revenue to Rs. 5.15 billion and a 29% increase in gross profit to Rs. 1.8 billion, supported by strategic cost control, product mix optimisation, and efficiencies from its backward vertical integration initiatives.

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Gross profit margins strengthened from 31% to 35%, reflecting improved manufacturing efficiencies and disciplined pricing strategies. Operating profit grew 14% to Rs. 569 million, while profit before tax (PBT) increased 16% YoY to Rs. 474 million, underscoring the Group's operational resilience and strategic focus amid evolving market conditions.

Export revenue declined 11% YoY, primarily due to a 9% drop in Bangladesh sales, which was largely driven by currency conversion effects. The sales in BDT terms grew 3% YoY reflecting gradually improving economic stability in Bangladesh. Local revenue growth remained robust at 23%, driven by strong performance across the Wood Coatings, Brushes & Rollers, and Projects categories.