# Top 20 textile firms earn Rs 51.9bn in FY26, Interloop profit up 129%

Source: Searchable (https://searchable.pk/news/business/top-20-textile-firms-earn-rs-519bn-in-fy26-interloop-profit-up-129percent)
Type: News article
Author: Searchable Editorial
Published: 14 Oct 2026
Updated: 14 Oct 2026
Retrieved: 14 Oct 2026

> Sales were flat at Rs 1.4 trillion, but cheaper borrowing and a lower tax rate lifted profits. Interloop, Sapphire and Nishat made almost half the sector's earnings.

**Pakistan's 20 largest listed textile companies earned a combined Rs 51.9 billion in the year to June 2026 (FY26), up 11% from FY25, according to an analysis by Topline Securities.** Sales were almost unchanged at about Rs 1.4 trillion (roughly $5 billion), so the gain came from lower borrowing costs and a lower tax bill rather than from selling more, [ProPakistani reported](https://propakistani.pk/2026/10/13/20-textile-companies-earn-rs-52-billion-profit/).

## Where the profit came from

- **Finance costs fell 19%** to Rs 54.5 billion as interest rates eased.
- **The effective tax rate fell** to 33.2% from 37.1%, mainly because companies reversed deferred tax liabilities after changes to how the super tax will apply to exporters.
- **Sales fell 0.3%** and gross profit 0.2%, with the gross margin steady at 13.1%.

The 20 companies make up 83% of the market value of the listed textile sector Topline tracks.

## The three biggest earners

| Company | FY26 profit | Change | Sales |
|---|---|---|---|
| Interloop (consolidated) | Rs 12.7 billion | +129% | Rs 187.7 billion (+5%) |
| Sapphire Textile Mills (unconsolidated) | Rs 6.8 billion | +73% | Rs 81.2 billion (-13%) |
| Nishat Mills (unconsolidated) | Rs 5.5 billion | -9% | Rs 181.6 billion (+2%) |

Together these three made 48% of the sector's earnings. Sapphire is the odd one out: its profit rose by almost three-quarters even as sales dropped 13%.

## What it means

Sales did not grow for the sector as a whole. The profit growth rests on two things that do not repeat by themselves: falling interest costs and a one-off tax reversal. If the policy rate, now 11.5% (see [our policy rate page](/data/sbp-policy-rate)), stays where it is, next year's earnings will depend on orders.

For investors, the [KSE-100 page](/data/kse-100) tracks the market daily, and the [capital gains tax calculator](/tools/tax/capital-gains-tax-calculator) shows what you keep when you sell shares. Workers in the sector can check deductions with the [salary breakdown calculator](/tools/finance/salary-breakdown-calculator) and [EOBI calculator](/tools/finance/eobi-calculator).

## Sources

- 20 Textile Companies Earn Rs. 52 Billion Profit (13 Oct 2026) (ProPakistani): https://propakistani.pk/2026/10/13/20-textile-companies-earn-rs-52-billion-profit/

How to cite: "Top 20 textile firms earn Rs 51.9bn in FY26, Interloop profit up 129%", Searchable, 14 Oct 2026, https://searchable.pk/news/business/top-20-textile-firms-earn-rs-519bn-in-fy26-interloop-profit-up-129percent