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Alcohol Excise Duty Impact on Revenue
Comparison of tax revenue increases following excise duty hikes in 2023 and 2024.
Primary Sources
Sri Lanka sees surge in alcohol production and consumption
Statistics indicate that alcohol consumption in Sri Lanka is on the rise, according to the Alcohol and Drug Information Centre. Based on 2025 data, local beer production has increased by 5% and liquor production by 17%, suggesting a corresponding rise in alcohol consumption, the Centre said. It further noted that the lack of a price revision in alcohol since the adjustment made at the beginning of 2024 has been a key contributing factor to this trend. According to the Centre, alcohol prices remaining stable despite inflation and rising personal incomes has significantly increased purchasing power, contributing to higher consumption levels. While excise revenue has shown some increase during this period, the Centre warned that the social and health impacts of rising alcohol consumption outweigh the gains in tax revenue. It also highlighted that in 2023, a 20% increase in alcohol excise duty led to a reduction of 8.3 million litres in alcohol sales compared to 2022, while government tax revenue rose by Rs. 11.6 billion. Similarly, following a further 20% increase in taxes on alcohol at the beginning of 2024, alcohol sales fell by 430,000 litres compared to the previous year, while tax revenue increased to Rs. 42.15 billion, the Centre added.
Sri Lankan (CSE) Beverage Industry Analysis - Simply Wall St
7D1.3%3M0.9%1Y40.1%YTD2.4%Over the last 7 days, the Beverage industry has risen 1.3%, driven by gains from Lion Brewery (Ceylon) of 4.8%. In the last 12 months, the industry was up 40%.Industry Valuation and PerformanceHas the Sri Lankan Beverage Industry valuation changed over the past few years?DateMarket CapRevenueEarningsPEAbsolute PEPSMon, 04 May 2026LK₨804.2bLK₨782.8bLK₨55.9b14.2x14.4x1xWed, 01 Apr 2026LK₨736.9bLK₨781.1bLK₨56.1b13.2x13.1x0.9xFri, 27 Feb 2026LK₨792.2bLK₨769.3bLK₨55.8b13.9x14.2x1xSun, 25 Jan 2026LK₨800.6bLK₨768.4bLK₨56.3b13.7x14.2x1xTue, 23 Dec 2025LK₨749.0bLK₨768.4bLK₨56.3b12.7x13.3x1xThu, 20 Nov 2025LK₨807.6bLK₨819.2bLK₨56.1b13.7x14.4x1xSat, 18 Oct 2025LK₨818.6bLK₨569.8bLK₨55.6b14x14.7x1.4xMon, 15 Sep 2025LK₨668.7bLK₨569.8bLK₨55.6b11.8x12x1.2xWed, 13 Aug 2025LK₨668.7bLK₨569.3bLK₨53.6b11.9x12.5x1.2xFri, 11 Jul 2025LK₨657.0bLK₨564.2bLK₨53.7b11.8x12.2x1.2xSun, 08 Jun 2025LK₨650.2bLK₨627.6bLK₨53.7b12.4x12.1x1xTue, 06 May 2025LK₨573.6bLK₨565.7bLK₨51.0b11.2x11.2x1xThu, 03 Apr 2025LK₨567.4bLK₨565.7bLK₨51.0b10.9x11.1x1xSat, 01 Mar 2025LK₨557.9bLK₨565.7bLK₨51.0b10.8x10.9x1xMon, 27 Jan 2025LK₨573.2bLK₨550.4bLK₨45.9b12x12.5x1xWed, 25 Dec 2024LK₨557.6bLK₨550.4bLK₨45.9b12x12.1x1xFri, 22 Nov 2024LK₨458.5bLK₨550.4bLK₨45.9b9.5x10x0.8xSun, 20 Oct 2024LK₨412.5bLK₨530.8bLK₨41.9b9.7x9.8x0.8xTue, 17 Sep 2024LK₨374.3bLK₨530.8bLK₨41.9b9.1x8.9x0.7xThu, 15 Aug 2024LK₨389.5bLK₨521.7bLK₨40.2b10.1x9.7x0.7xSat, 13 Jul 2024LK₨398.2bLK₨518.2bLK₨39.4b10.3x10.1x0.8xMon, 10 Jun 2024LK₨424.9bLK₨570.7bLK₨39.4b10.9x10.8x0.7xWed, 08 May 2024LK₨423.3bLK₨514.3bLK₨36.5b11.9x11.6x0.8xFri, 05 Apr 2024LK₨387.3bLK₨514.3bLK₨36.5b10.5x10.6x0.8xSun, 03 Mar 2024LK₨375.9bLK₨514.3bLK₨36.5b10x10.3x0.7xTue, 30 Jan 2024LK₨355.1bLK₨508.9bLK₨39.3b10x9x0.7xThu, 28 Dec 2023LK₨370.3bLK₨508.9bLK₨39.3b10x9.4x0.7xSat, 25 Nov 2023LK₨353.7bLK₨508.9bLK₨39.3b10x9x0.7xMon, 23 Oct 2023LK₨356.6bLK₨512.9bLK₨46.3b8.4x7.7x0.7xWed, 20 Sep 2023LK₨364.0bLK₨512.9bLK₨46.3b6.8x7.9x0.7xFri, 18 Aug 2023LK₨332.9bLK₨512.9bLK₨46.3b6.6x7.2x0.6xSun, 16 Jul 2023LK₨310.3bLK₨503.9bLK₨51.0b7.4x6.1x0.6xTue, 13 Jun 2023LK₨279.5bLK₨691.5bLK₨51.0b7.1x5.5x0.4xThu, 11 May 2023LK₨258.4bLK₨475.9bLK₨51.7b6.7x5x0.5xPrice to Earnings Ratio 5xThu, 11 May 2023Total Market Cap: LK₨258.4bTotal Earnings: LK₨51.7bTotal Revenue: LK₨475.9bTotal Market Cap vs Earnings and Revenue0%0%0%Sri Lankan Beverage Industry Price to Earnings3Y Average 10.7x202420252026Current Industry PEInvestors are optimistic on the Sri Lankan Beverage industry, and...
Failure to raise alcohol taxes increases consumption: Fact Sheet
Beer production increased by 5 percent in 2025, reaching 0.77 million liters, while hard liquor production rose by 17 percent to 3.35 million liters — indicating a rise in consumption.
Sri Lanka Moves to Create a Tobacco-Free Generation, Joining a Growing ...
According to the Alcohol and Drugs Information Centre, alcohol and tobacco consumption in Sri Lanka results in an estimated annual economic loss of 241 billion rupees — equivalent to roughly 40 percent of the public health budget and approximately 1.5 percent of gross domestic product.
