Srilanka, Feb. 13 -- Sunshine Holdings PLC's third quarter performance showed that the Sri Lankan consumer still remains weak amid higher taxes, specially the higher value added tax (VAT). This is as the diversified conglomerate saw some stress in its consumer brands business and also in its agribusiness, as its margins and profits came under some stress in the three months ended in December 2024.

The group reported revenues of Rs.15.13 billion in the October-December period, up by 6.4 percent from the same period in 2023.

The top-line growth was mainly supported by its outsize healthcare business, comprising of its pharmaceutical agency, distribution and manufacturing operations. The owners and operators of the Healthguard Pharmacy ch...