IBL Turnover Surges by 19% to Rs90.4 Billion in 9 Months

IBL Ltd has reported a 19% increase in its revenue in just nine months. The company’s income reached Rs 90.4 billion by March 31, 2025, up sharply from the same period last year, despite economic challenges and market uncertainties.

This strong growth shows the company’s resilience across its operations in Mauritius, East Africa, and the Indian Ocean, even as costs, especially wages, continue to rise.

Profit also grew significantly, up Rs 1 billion to Rs 5.5 billion, indicating solid performance during tough times.

IBL: 4 Divisions

To better understand its growth, IBL has reorganized into four main divisions: Retail, Consumer Brands & Distribution, Industrials, and Services.

The Retail division is doing well, with increased sales in Kenya and growth in Mauritius. The Distribution arm benefits from the success of Phoenix Beverages and the addition of Seychelles Breweries, helping expand regionally.

The Industrials sector shows mixed results, while the Services division remains strong, driven by growth in hospitality, finance, and healthcare sectors.

Source: Defi Media