What Hayleys Fabric does

Hayleys Fabric PLC is a Sri Lanka-based, publicly listed fabric manufacturer (Colombo Stock Exchange: HAYFAB / MGT.N0000) founded in 1992 and headquartered in Neboda. The company produces a range of knitted fabrics — single jersey, piqué, rib, and polar fleece — for sale to international apparel brands and retailers, placing it in the upstream fabric supply layer of the global garment value chain alongside peers such as Brandix, Teejay Lanka, Hirdaramani, and MAS Holdings. Its go-to-market is B2B direct sales to apparel manufacturers, with sustainability credentials (climate action, circularity, community impact) highlighted as a differentiator for ESG-mandated Western buyers.

The business model is volume-based B2B fabric manufacturing with revenue tied to global apparel demand cycles and Sri Lanka's export competitiveness. Operating geographies are concentrated in South Asia (Sri Lanka), serving multi-region brand customers; no public pricing model or contract structure was disclosed in the available inputs. Public disclosures show revenue of ~LKR 124B in FY2026 (FY2025: ~LKR 146B; FY2024: ~LKR 155B; FY2023: ~LKR 167B; FY2022: ~LKR 150B), with EBITDA compressing from ~LKR 22B in FY2024 to ~LKR 10B in FY2026 and net income from ~LKR 7.9B to ~LKR 2.1B. Management has guided for continued earnings softness in Q4 FY2026 and Q1 FY2027, citing US tariff conditions, with recovery expected from H2 FY27.

Recent operating context includes a reduction in Sri Lanka's effective US reciprocal tariff rate from 31.0% to 21.6%, which may improve landed-cost competitiveness for US-bound exports, and supply-chain exposure to Gulf shipping route disruptions stemming from geopolitical tensions. No AI/ML product capabilities, subsidiaries, funding rounds, M&A activity, patents, or named customer logos are disclosed in the available material, which constrains visibility into margin structure, customer concentration, and forward product strategy.

Name

Hayleys Fabric

Legal name

Hayleys Fabric PLC

Website

https://hayleysfabric.com

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Hayleys Fabric PLC is a publicly listed Sri Lankan manufacturer of knitted fabrics (single jersey, piqué, rib, polar fleece) supplying international apparel brands and retailers, with sustainability credentials as a key differentiator.

Ownership category

akta.pro rank

Product category

Knit Fabric Manufacturing

NAICS

Apparel Knitting Mills (3151), Knit Fabric Mills (313240)

SIC

Knitting Mills (2250), Textile Mill Products (2200)

akta.pro primary industry

Knitted Fabric Mills (IMAOABAB)

Keywords

• Knit fabric manufacturing
• Single jersey fabric
• Sustainable textiles
• Apparel fabric supply
• Polar fleece production

Headquarters

HQ city

Neboda

HQ country

Sri Lanka

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D

Core offering

Hayleys Fabric manufactures and supplies knit fabrics — including single jersey, piqué, rib, and polar fleece — to international apparel brands and garment manufacturers. The company emphasizes sustainable, ESG-aligned production practices supporting climate action and circularity in textile supply chains.

Differentiator

Problem solved

Functional benefit

Products and services

• Single Jersey Fabric Single jersey knit fabric manufactured and supplied to apparel brands and garment manufacturers for use in apparel production.
• Piqué Fabric Piqué knit fabric manufactured and supplied to apparel brands and garment manufacturers for use in apparel production.
• Rib Fabric Rib knit fabric manufactured and supplied to apparel brands and garment manufacturers for use in apparel production.
• Polar Fleece Fabric Polar fleece fabric manufactured and supplied to apparel brands and garment manufacturers for use in apparel production.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Brandix: Sri Lanka's largest apparel manufacturer and fabric producer, supplying international apparel brands. Directly comparable as a vertically integrated Sri Lankan textile-to-garment peer mentioned alongside Hayleys Fabric in industry sustainability and trade coverage.
• MAS Holdings: Sri Lankan apparel and textile conglomerate serving global intimatewear, activewear, and apparel brands. Comparable as a large Sri Lankan fabric and apparel manufacturer often grouped with Hayleys Fabric in industry commentary, with overlapping fabric-input manufacturing and end-brand customer base.
• Eclat Textile: Taiwan-based knit fabric manufacturer supplying global athletic and casual apparel brands with jersey, mesh, and performance knit substrates. Directly comparable product-by-product to Hayleys Fabric's single jersey, piqué, rib, and fleece portfolio and a similar B2B-knit-fabric business model.
• Pacific Textiles: Hong Kong-headquartered knit fabric manufacturer producing circular and flat knit textiles for global apparel brands. Direct comparable on knit fabric products, B2B apparel-brand go-to-market, and Asian low-cost manufacturing footprint.
• KPR Mill: Vertically integrated Indian yarn-to-garment manufacturer with significant knit fabric and apparel capacity serving global fashion brands. Comparable as a South Asian large-scale knit fabric producer competing for the same apparel-brand supply contracts as Hayleys Fabric.
• Hirdaramani: Diversified Sri Lankan apparel manufacturer producing knit fabrics and garments for global brands. Mentioned alongside Hayleys Fabric as a leading Sri Lankan apparel industry participant with overlapping knit fabric capabilities and Western-brand customer mix.
• Shenzhou International: China's largest knit garment and fabric manufacturer supplying Nike, Adidas, Uniqlo, and other global apparel brands. Comparable on knit fabric manufacturing scale, vertical integration into garments, and serving the same Western apparel-brand customer base as Hayleys Fabric.
• Teejay Lanka: Sri Lankan manufacturer of weft-knitted fabrics for global apparel brands, headquartered in the same domestic ecosystem and explicitly grouped with Hayleys Fabric among the country's leading apparel/textile manufacturers. Closely comparable product mix (knit fabrics for apparel) and similar B2B apparel-brand customer base.

Broad incumbents

• Toray Industries: Global Japanese textile and materials conglomerate producing performance and functional knit fabrics for apparel and industrial customers. Comparable as an incumbent fabric producer with technical-knit capabilities overlapping Hayleys Fabric's performance fleece segment.
• Arvind Limited: India's largest integrated denim and woven/knit fabric manufacturer, supplying apparel brands globally. Comparable as an incumbent South Asian textile-fabric producer competing in adjacent substrate categories with similar B2B apparel-brand go-to-market motion.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/hayleysfabriclk

Revenue estimate

Valuation estimate

Number of profiles

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 Fabric