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

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.

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

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), stays where it is, next year's earnings will depend on orders.

For investors, the KSE-100 page tracks the market daily, and the capital gains tax calculator shows what you keep when you sell shares. Workers in the sector can check deductions with the salary breakdown calculator and EOBI calculator.