Hayleys Fibre

What Hayleys Fibre does

Hayleys Fibre is a public Sri Lankan manufacturer and exporter of coconut fibre and related products, headquartered in Colombo. Founded in 1878 and listed on the Colombo Stock Exchange under the symbol HEXP.N0000, it is among Sri Lanka's oldest continuously operating enterprises, with a workforce of 1,001-5,000 employees. The company operates within the natural fibre segment of the coconut value chain, processing coconut husks into fibre products for international export markets and serving industrial buyers across sectors such as agriculture, horticulture, erosion control, automotive matting, and brush manufacturing.

Financially, the company has posted a clear upward revenue trajectory, with reported revenue rising from approximately LKR 12.58 trillion in FY2022 to LKR 21.88 trillion in FY2026, a cumulative increase of roughly 74% over four years and a year-over-year jump of approximately 36% in the most recent fiscal year. Profitability has been more volatile: the company recorded net losses in FY2024 and FY2025 before returning to net income of LKR 542 billion in FY2026, with EBITDA more than tripling that year and gross profit expanding approximately 84% year-over-year. This pattern is characteristic of an export commodity business exposed to input cost cycles, foreign exchange volatility, and product-mix shifts.

The business model centers on converting a domestic agricultural by-product—coconut husk—into value-added fibre goods sold primarily to overseas B2B customers. Distribution is via export channels rather than direct retail, and pricing is anchored to international coir and fibre market benchmarks. With 145+ years of heritage, established export logistics, and a public listing that provides capital market access, Hayleys Fibre functions as a scaled, export-anchored natural fibre manufacturer rather than a high-growth technology venture.

Name

Hayleys Fibre

Website

https://hayleysfibre.com

Company type

Private

Founded year

1878

Headcount range

1,001–5,000 employees

Short description

Hayleys Fibre manufactures and exports coconut fibre and related products from Colombo, Sri Lanka. Founded in 1878 and publicly listed on the Colombo Stock Exchange, it serves international industrial buyers across agricultural, horticultural, and erosion-control end-markets.

Ownership category

akta.pro rank

Product category

Coir and Natural Fibre Manufacturing

NAICS

Fiber, Yarn, and Thread Mills (31311)

SIC

Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300)

akta.pro primary industry

Natural Fiber Processing (Cotton/Wool/Flax/Hemp) (IMAOAAAA)

Keywords

• Coconut fibre products
• Coir manufacturing
• Natural fibre exports
• Coconut husk processing
• Industrial fibre supply

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure

Core offering

Hayleys Fibre manufactures and exports coconut fibre and related coir-based products. The company processes coconut husks into fibre and derivative products used by industrial buyers in global markets. Operations span manufacturing, processing, and export of natural fibre materials.

Differentiator

Problem solved

Functional benefit

Products and services

• Coconut Fibre and Related Coir Products Coconut fibre and related coir-based products manufactured and exported by Hayleys Fibre for industrial buyers in global markets. The fibre is derived from coconut husks and used as a raw material in various industrial applications.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• Reliance Industries Limited (RIL): India's largest polyester and synthetic fibre producer, with global scale across filament yarn, staple fibre, and textile raw materials. Relevant as the dominant incumbent competing with natural coir in textile, automotive, and industrial applications.
• Hayleys PLC: Diversified Sri Lankan conglomerate with interests in textiles, agriculture, and fibre-related businesses. Comparable as a broader incumbent that may have overlap in fibre processing and export distribution, providing context on the parent ecosystem around Hayleys Fibre.
• Indorama Ventures PCL: Global PET and synthetic fibre producer with vertically integrated operations across polyester, fibres, and downstream textiles. Comparable as the type of large-scale incumbent that synthetic-fibre supply competes with coir for share in industrial and apparel end-markets.

Direct peers

• Kerala State Coir Corporation: State-owned coir manufacturer in Kerala, India producing coir fibre, yarn, mats, and value-added coir products. Comparable to Hayleys Fibre as a coir-focused producer serving both domestic and export markets for industrial and horticultural applications.
• Kurlon Enterprise Limited: Major Indian manufacturer of mattresses and rubberized coir products using coconut fibre as a key input. Comparable to Hayleys Fibre on feedstock (coir) and downstream end-use (mattress/bedding fibre), though positioned further downstream into finished branded goods.
• Premier Coir Products: India-based manufacturer of coir fibre, coir twine, mats, and erosion-control geotextiles. Comparable to Hayleys Fibre on product mix (raw coir, twine, mats, geotextiles) and export orientation to industrial and horticultural buyers.
• Sajjan India Limited: Indian manufacturer and exporter of coir fibre, coir yarn, and coir-based products including geotextiles, mats, and rubberized coir. Closely comparable to Hayleys Fibre on product category, end-use applications (geotextiles, horticulture, mattresses), and export-oriented business model.

Regional players

• Dipped Products PLC: Sri Lankan publicly-listed manufacturer with operations spanning natural-rubber products and coconut-related value chains, listed on the Colombo Stock Exchange. Comparable as a fellow Sri Lankan export-oriented natural-materials manufacturer serving global industrial customers.

Market position

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/hayleysfibre
• Facebookfacebook.com/hayleys.fibre
• LinkedInlinkedin.com/company/hayleys-fibre-plc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hayleys Fibre