Consumer & Retail · Apparel/Footwear Retail
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2025 | Rs 5.9B | Rs -4.5B | -10.41 |
| 2024 | Rs 7.3B | Rs -4.2B | -15.46 |
| 2023 | Rs 8.3B | Rs -2.2B | -8.13 |
| 2022 | Rs 7.4B | Rs -1.4B | -5.04 |
| 2021 | - | Rs -766.5M | - |
| 2020 | Rs 7.4B | Rs -835.6M | -3.07 |
| 2019 | Rs 8.2B | Rs 244.7M | 0.90 |
ODEL PLC is a Sri Lankan fashion and lifestyle retailer offering international branded apparel and related lifestyle products alongside private label collections through department stores, exclusive brand outlets and outlet-format stores. The Company retails over 100 international fashion labels and manages franchise and exclusive brand outlets for global names including Levi’s, Mango, Charles & Keith, Tommy Hilfiger, Armani Exchange and Calvin Klein, and has introduced brands such as Arrow; private-label and sub-brands cited include Cotton Collection and Luv SL, and globally reputed brands like Zara are offered through its outlet concept. ODEL operates as an anchor tenant in major shopping centres including One Galle Face Mall, Havelock City Mall and Odel Mall Kandy, and leverages an omni-channel approach with a significant digital and social media presence to support in-store and online sales. The company runs targeted marketing, promotions and loyalty integrations and has developed outlet and exclusive brand store formats to manage inventory and broaden customer reach, while noting tourist shopping as an important revenue driver.
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Odel PLC has revised its Odel Mall plan, prioritising completion of Zone 1 within 18-24 months and deferring Zone 2. Construction has recommenced, significant contracts and capital commitments remain, and the company is pursuing a reduced-scope financing plan plus loan restructuring with a HNB-led banking consortium.
ODEL PLC has disclosed that construction on Zone 1 of the Odel Mall Project in Colombo 07 has re-commenced and is expected to be completed within 1½-2 years. The company said Zone 2 (100-perch) will be held for future development and provided the update to curb speculation.
Softlogic Holdings has raised 2.03 billion rupees of a targeted 10 billion-rupee equity raise and sold Odel's Koswatta land for about 1.5 billion rupees as part of a restructuring after both Softlogic and Odel were placed on the Colombo Stock Exchange Watchlist. Odel restructured 90% of bank facilities, converted a 3.2 billion-rupee intercompany loan to equity and scaled down the Odel Mall project to 6.28 billion rupees.
Odel PLC appointed Dr. Trevor Mendis as an Independent Non-Executive Director. Dr. Mendis is a strategist, former banker and academic with experience at ANZ, the UN and ADB and expertise in corporate governance and strategy.
Consumer retail saw tighter standards and capacity moves. The Consumer Affairs Authority made SLS certification mandatory for all single-use sanitary towels from 8 October 2026, with import inspections. Pelwatte broke ground on a liquid milk plant in Kurunegala to expand fresh dairy. Exporters to the EU were briefed on EmpCo, PPWR and EUDR rules carrying penalties up to €2m or 4% of turnover. Indian SMEs held B2B sessions locally.
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