June 13, 2024

Sri Lanka’s Dilmah aims to grow $500 million tea business by 50% over the next 5 years

1 min read

World-renowned tea producer Dilmah is looking to expand its business by 50 percent in the next five years, as it invests in new innovations and technologies while developing new luxury product revenue streams, said Dilmah chief executive Dilhan Fernando in an interview with Singapore-based Starits Times.

Dilmah, one of Sri Lanka’s biggest companies, is currently valued at about US$500 million according to Fernando.

Dilmah was founded in 1988 by his father, Merrill Fernando, who is in his 90s. The Company remains one of the most successful and handful of Sri Lankan firms that penetrated into global markets by capitalizing on Ceylon Tea brand.

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