{
  "id": 2045818,
  "title": "JAT Holdings records 34% revenue growth in Q1 FY26/27, led by international operations",
  "url": "https://urgent.news/2026/08/19/jat-holdings-records-34-revenue-growth-in-q1-fy26-27-led-by",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T23:59:15.000Z",
  "source": {
    "name": "The Island Sri Lanka",
    "slug": "the-island-sri-lanka",
    "url": "http://island.lk/jat-holdings-records-34-revenue-growth-in-q1-fy26-27-led-by-international-operations/"
  },
  "original_language": "en",
  "account": "JAT Holdings PLC reported a 34% increase in revenue for the quarter ending June 30, 2026, reaching LKR 3.04 billion. This growth was driven by both local and international operations. Local revenue rose by 8% to LKR 1.83 billion, while foreign operations revenue surged by 110% to LKR 1.21 billion. Gross profit grew by 29% to LKR 1.07 billion, but the gross profit margin slightly decreased from 37% to 35% due to higher input costs from global commodity price increases. Operating profit fell by 25% to LKR 174 million, primarily due to Mirotone expense consolidation and increased administrative, selling, and distribution costs from Volt software depreciation, higher transportation costs from fuel price hikes, and additional warehouse capacity. The company's foreign exchange gains partially offset finance costs. CEO Nishal Ferdinando noted that international operations contributed meaningfully to the revenue growth, with a 110% year-on-year increase, bolstered by strong performance in key markets such as Bangladesh and the Maldives, alongside continued growth in Sri Lanka. Despite input-cost pressures and capacity investments affecting operating margins, profit after tax remained stable at LKR 150 million. JAT Holdings remains focused on converting its investments across markets and business verticals into sustained earnings growth in the medium to long term. The wood coatings business retained its 57% market share, growing by 8% quarter-on-quarter, while the paint, chemicals, and related products segment saw an impressive 85% quarter-on-quarter revenue growth. Brushes and Rollers sales increased by 78%, expanding its outlet reach to over 3,000 and strengthening its market-leading position with a 3% increase in market share.",
  "summary": "JAT Holdings PLC recorded Group revenue of LKR 3.04 billion for the quarter ended 30 June 2026, representing a 34% year-on-year increase, supported by growth across both its Sri Lankan and international operations. Local revenue increased by 8% to LKR 1.83 billion, while revenue from foreign operations increased by 110% to LKR 1.21 billion. Gross […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}